1 / 1 Relevant items tagged with #Emergency

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Wharton Professor Calls for Emergency Rate Cut Following Market Downturn

[Aug 6 12:30 AM] Jeremy Siegel, a finance professor and chief economist, has called for an emergency 75 basis point cut in the fed funds rate following a market downturn. He emphasized the necessity of this cut and suggested another rate cut next month to align…

Crypto Firm Abra Said to be Insolvent in Texas State Regulators’ Cease-and-Desist Order

[Jun 15, 2023 7:30 PM] According to an emergency cease-and-desist order from the Texas State Securities Board, the cryptocurrency firm Abra is “insolvent or nearly insolvent.” The filing alleges that a group of state securities regulators has been…

Systemic Swiss Banks Not Ready for Crisis, Regulator Says

[Apr 28, 2023 6:00 AM] Switzerland’s financial regulator is not satisfied with the emergency plans of two of the Alpine nation’s five major banks. The assessment refers to a period prior to the rescue of Credit Suisse by UBS when the authority viewed the troubled giant’s�

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