Binance’s billionaire founder and chief executive, Changpeng Zhao is pledging to spend as much as $1 billion on bitcoin, ether and Binance Coin tokens. His announcement came after U.S. regulators promised to backstopRead More
Several regional bank stocks were halted Friday morning amid a market selloff led by SVB Financial Group, owner of startup-focused Silicon Valley Bank. First Republic Bank, PacWest Bancorp, Western Alliance Bancorp, and SignatureRead More
Bond investors are worried that high-profile problems at some regional banks, starting with Silicon Valley Bank’s collapse—could cause banks generally to further tighten lending standards. That in turn could drag on U.S. growth,Read More
Shares of banks with crypto ties tumbled in Thursday trading! Only a day after Silvergate Capital became the first player in mainstream finance to go down in the crypto industry downturn. Tweet onRead More
Cash is pouring out of U.S. banks at a record pace! U.S. banks shed $206 billion in deposits in the third quarter, the second biggest decline on record. Tweet on US bank depositRead More
Shares of Goldman Sachs were among Tuesday’s worst performers! Dragging down the Dow Industrials on the back of quarterly results hurt by reduced deal-making in the market Tweet on Morgan Stanley stock fluctuationsRead More
Bank executives are beginning to unanimously warn of a mild to potentially severe recession in 2023! as inflation continues to weigh on consumers, as a consequence, major US banks are gearing up forRead More
Credit Suisse Group AG warned it would lose around $1.6 billion in the fourth quarter As many customers have already pulled their investments and deposits over concerns about the bank’s financial health. TheRead More
Tech investor SoftBank’s stock was a bit of on a slump in October, and all of a sudden surged over 30% That only due to buybacks announcement that took investors by surprise TweetRead More
The nation’s oldest bank said it would begin receiving clients’ cryptocurrencies on Tuesday Doings so, BNY Mellon becoming the first large U.S. bank to safeguard digital assets alongside traditional investments on the sameRead More
