Fed proposes reforms for US banks
New York, Frankfurt Fed Chair Jerome Powell on a monitor at the New York Stock Exchange The package of reforms proposed by the US Federal Reserve and other regulators would also make commercial transactions more expensive. (Photo: AP) US banks have to adapt to a whole range of new and stricter regulations. The US Federal […]
“First Republic Bank Faces Uncertainty and Job Cuts Amidst Deposit Outflows and Rising Interest Rates”
First Republic The US Regional Bank continues to be ailing. Image: Reuters Total deposits now stand at $104.5 billion and include $30 billion that 11 major US banks parked with the First Republic in mid-March. If these are added to the remaining deposits, the drop in deposits is smaller. The outflows slowed down significantly in […]
First Republic Bank Faces Stability Concerns and Job Cuts Amidst Drop in Deposits and More Regulation
Total deposits now stand at $104.5 billion and include $30 billion that 11 major US banks parked with the First Republic in mid-March. If these are added to the remaining deposits, the drop in deposits is smaller. The outflows slowed down significantly in April, First Republic assured. But concerns about the institute’s stability are now […]
Germany threatens Twitter with a fine – the company reacts with a faecal emoji
Elon Musk The billionaire bought Twitter in October. (Photo: IMAGO/NurPhoto) San Francisco The US short message service Twitter faces a penalty payment to Germany. The Federal Office of Justice (BfJ) has initiated fine proceedings against the platform, as the authority announced on Tuesday. The ministry sees evidence of a “systemic failure in complaint management” on […]
Why the banking crises don’t end
The banking system in free fall Regulators and politicians around the world are trying to allay fears of a new banking crisis. But the bankruptcy of Silicon Valley Bank and the emergency merger of UBS and Credit Suisse were not the end. Even after the experiences of 2008, it was not possible to regulate the […]
Top bank supervisor warns against watering down the Basel rules
Brussels The supreme bank supervisor of the European Central Bank (ECB) calls for stricter regulation for European banks. Politicians should minimize deviations from the international Basel standards as much as possible, said Andrea Enria on Tuesday at a hearing in the European Parliament’s Economic Committee. The EU Commission, member states and European Parliament are currently […]
“Bitcoin, the value of inflation hedge means reemergence after SVB bankruptcy”
[이데일리 노희준 기자] Analysts have come out that the value of virtual asset Bitcoin has again attracted attention as a means of avoiding (hedge) inflation (inflation) due to the emergence of overseas banking risks (risks) such as the bankruptcy of Silicon Valley Bank (SVB) in the United States. Correlation between Bitcoin and gold (Data = […]
Italy assesses the impact of Credit Suisse, SVB on the banking system
(Source: AP) Italian Economy Minister Giancarlo Giorgetti said on March 20 that the impact of the crisis at Swiss bank Credit Suisse on the Italian banking system would be “negligible.” Speaking on the sidelines of an event of Intesa Sanpaolo, Italy’s largest bank, in Milan, referring to the market turmoil associated with Credit Suisse and […]
How resilient are Italy’s banks?
Unicredit Tower in Milan The second largest bank in Italy has lost more than nine percent in value at times in the past. Credit: IMAGO/ZUMA Wire Rom The news from Switzerland also caused unrest on the Italian stock exchange this week: on Wednesday, the FTSE MIB stock index, comparable to the German Dax, fell by […]
Urgent – Moody’s warns the Fed against raising interest rates: the US market will fall
Urgent – Moody’s warns the Fed against raising interest rates: the US market will fall