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Report Reveals Hundreds of US Banks at Risk of Failure Amid High Interest Rate Environment

[May 3 12:34 PM] Following the dramatic bank failures last year and the recent collapse of Philadelphia’s Republic First Bank last week, an analysis by Klaros Group indicates that hundreds of U.S. banks are at risk of failure. The study reveals that smaller and…

UBS Expects US Dollar Dominance to Persist for ‘Years to Come’

[Aug 9, 2023 8:30 PM] Swiss investment banking giant UBS expects the U.S. dollar’s reign to live on. “We firmly believe we will be living in a U.S. dollar-centric world for years to come,” the bank’s executive said, adding that there will be some room…

JPMorgan Economists Discard Prior Recession Prediction, Foresee US Economic Resilience

[Aug 5, 2023 3:30 PM] JPMorgan’s economists have jettisoned previous predictions of an impending U.S. recession. Their chief U.S. economist, Michael Feroli, is confident that the American economy will maintain a modest but steady growth trajectory throughout the…

Economist Expects US Rating Downgrade to Accelerate De-Dollarization Process

[Aug 4, 2023 10:00 PM] Economists have warned about the adverse impact of Fitch’s U.S. rating downgrade on the dollar. One expects the downgrade to “accelerate” the process of de-dollarization globally. Another stated that it may be “a part of the…

Economist Peter Schiff Warns US Dollar Collapse ‘Inevitable’

[Aug 4, 2023 8:00 PM] Economist Peter Schiff has warned of an impending collapse of the U.S. dollar even though he sees Fitch’s downgrade of the U.S. rating this week as “meaningless.” While cautioning about a financial crisis and a crash, Schiff…

White House, Yellen Slam Fitch’s US Rating Downgrade — Biden Officials Call It ‘Bizarre and Baseless’

[Aug 2, 2023 7:30 PM] Fitch Ratings has downgraded the United States’ debt rating. Biden officials call the downgrade decision “bizarre and baseless.” Both the White House and U.S. Treasury Secretary Janet Yellen strongly disagreed with the downgrade decision…

Stablecoins Volume Down Despite Crypto Market Recovery, Ratings Agency Finds

[Jul 5, 2023 2:50 AM] Stablecoins, the digital assets designed to maintain a stable value, have long been viewed as a potential bridge between the cryptocurrency world and the traditional financial industry. However, recent developments have cast a shadow of uncertainty…

Fitch Maintains Negative Watch on US Rating Despite Debt Limit Resolution

[Jun 3, 2023 9:30 PM] Although the U.S. has averted defaulting on its debt obligations, Fitch Ratings still has concerns about the country’s ability to repay its debt. As a result, the credit rating agency has placed the U.S. “AAA” rating on negative…

Latam Insights: Bolivia Sells Gold for Dollars, Argentina Bans Fintech Crypto, Fitch Upgrades El Salvador’s Credit Rating

[May 8, 2023 3:30 AM] Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, Bolivia passes a law to sell gold for dollars, the Central Bank of Argentina bans fintech…

Moody’s Warns of Potential Financial Disruption Spillover Beyond US Banking Sector

[Mar 24, 2023 5:30 PM] Roughly ten days ago, the credit agency Moody’s Investors Service downgraded the U.S. banking sector from “stable” to “negative.” In a recent update on Thursday, the company stated that there is still a risk to the…