1 / 1 Relevant items tagged with #BankingSector

Posts

Economist Editorial Claims 2024 Recession Is Inevitable—Is America Ready?

[Aug 13 9:02 PM] A U.S. recession in 2024 appears to be on the horizon, according to a recent editorial piece by the Economist. The article surfaces as warnings of an economic downturn grow louder, with the author asserting that “there is no escaping the squeeze…

Macroeconomics Expert Predicts Hard Landing for US Economy

[Aug 4 6:30 PM] Despite recent positive economic indicators, investor and macroeconomics expert George Gammon foresees a hard landing for the U.S. economy. In an interview with Michelle Makori of Kitco News, Gammon pointed to several warning signs in the banking…

Coinbase sues SEC, FDIC over FOIA noncompliance

[Jun 27 6:23 AM] Coinbase’s lawsuits target the SEC and FDIC for alleged noncompliance with FOIA requests regarding Ethereum’s proof-of-stake transition.

Banking Sector Poses Highest Money Laundering Risk, Singapore’s Central Bank Says

[Jun 23 5:16 PM] According to the Money Laundering Risk Assessment Report by Singapore’s central bank, the banking sector is identified as the highest money laundering risk to the country. The report also highlights risks related to digital assets and…

Ethiopia Approves CBDC Launch Draft Proclamation

[Jun 19 11:38 PM] The Ethiopian Council of Ministers recently approved a draft proclamation that paves the way for the launch of a central bank digital currency (CBDC). The National Bank of Ethiopia (NBE) stated that the draft considers rapid technological…

JPMorgan Chase Captures 18% of US Bank Profits, Highlighting Growing Market Dominance

[Jun 16 7:30 AM] A report has found that JPMorgan Chase Bank accounted for a substantial 18% share, or $11.7 billion, of the total $64.2 billion net income reported by all FDIC-insured banks for the first quarter of 2024. This data, highlighted by financial…

Silvergate Bank Faces Regulatory Deadline for Self-Liquidation Plan

[Jun 2, 2023 8:30 AM] In a recent press release from the U.S. Federal Reserve Board of Governors, it was disclosed that Silvergate Bank has been given a ten-day deadline to submit a plan outlining its self-liquidation procedure and the systematic cessation of…

Banks Not Getting Anticipated Benefits From Rate Hikes, ECB Executive Admits

[May 19, 2023 5:30 AM] Eurozone banks are profitable but the benefits from higher interest rates may be smaller than expected, according to the deputy head of the single currency area’s monetary authority. The official noted that while most of the tightening has been…

US Government in Talks to Rescue Struggling First Republic Bank, Sources Say

[Apr 28, 2023 12:00 PM] Sources have revealed that U.S. government officials are in talks to rescue First Republic Bank, a struggling financial institution. The discussions involve the U.S. Treasury, the Federal Deposit Insurance Corporation (FDIC), and the Federal…

‘Dr. Doom’ Nouriel Roubini Warns of Looming Banking Crisis and Trilemma for Central Banks

[Apr 2, 2023 9:30 PM] Economist Nouriel Roubini has shared his opinion about bank problems in the United States in a recently published opinion editorial. In the article, Roubini insists that “most U.S. banks are technically near insolvency, and hundreds are…

UK Treasury Budget Discusses Separate Reporting of Crypto Assets in Tax Documents

[Mar 15, 2023 3:00 PM] Taxpayers in the United Kingdom will have to report cryptocurrency assets separately in their tax documents for the tax year 2024-25, according to the Exchequer’s recently published spring 2023 budget. New Criminal Offenses Planned by U.K…