Banking Industry
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Turbulent Period in the Banking Industry Comes to an End: CEO of New York Mellon Bank Still Interested in Cryptocurrencies
According to reports, the CEO of New York Mellon Bank stated that this turbulent period in the banking industry has come to an end and we are still interested in cryptocurrencies.
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#The End of Turbulent Times in Banking: The Future of Cryptocurrencies
According to reports, the CEO of New York Mellon Bank stated that this turbulent period in the banking industry has come to an end and we are still interested in cryptocurrencies.
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CEO of New York Mellon Bank: We are still interested in cryptocurrencies
According to reports, the CEO of New York Mellon Bank stated that this turbulent period in the banking industry has come to an end and we are still interested in cryptocurrencies.
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First Republic Bank fell nearly 15%
According to reports, First Republic Bank (FRC. N) fell nearly 15%. Sources say that the US government is currently unwilling to intervene with First Republic Bank.
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The Prospects and Challenges of Central Bank Digital Currency in the United States
According to reports, Federal Reserve Governor Bowman has seen \”some prospects\” for wholesale central bank digital currencies, but it is difficult to imagine the reason for using c
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Is the Banking Industry Under Pressure? An Analysis of Federal Reserve President Barkin’s Recent Comments
According to reports, Federal Reserve President Barkin expressed confidence in the current state of the banking industry, but did not want to announce that the potential pressure i
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#US SEC Chairman Gensler Investigates Link Between Cryptocurrency and Silicon Valley Bankruptcy
According to reports, market news: US SEC Chairman Gensler seeks to link the bankruptcy of Silicon Valley Bank and Signature Bank with cryptocurrency.
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Achieving a Soft Landing: US Treasury Secretary Yellen’s Take on the Current State of the Economy
On Friday, April 15th, US Treasury Secretary Yellen stated in an interview with CNN that the internal turmoil in the banking industry last month did not derail the US from achievin
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Silicon Valley Bank’s Chief Auditor and Chief Risk Officer Resign
According to reports, sources have reported that the Chief Auditor of Silicon Valley Bank and the Chief Risk Officer, Kim Olson, who has only been in office for three months, will
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The Impact of the Current Crisis on the Banking Industry
On April 4th, J.P. Morgan CEO Damon stated that the current crisis is not over yet, and even if it is over, it will still have an impact in the coming years. In his annual letter t
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The FDIC Launches Investigation Into Silicon Valley and Signature Bank Executives: What You Need to Know
According to reports, the Federal Deposit Insurance Corporation (FDIC) of the United States has launched an investigation into the behavior of executives in the bankruptcy of Silic
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Overview
According to reports, Adrian Przelozny, CEO of the Cryptocurrency Exchange Independent Reserve, said that the recent difficulties in the banking industry were not caused by \”any fa
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#Federal Reserve Chairman Powell: No Interest Rate Cuts Expected This Year
According to reports, Federal Reserve Chairman Powell: Participants believe that there will be no interest rate cuts this year. This year\’s interest rate cuts are not our basic exp
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FDIC Extends Bid Time for Silicon Valley Bank Transition Bank
On March 20th, the Federal Deposit Insurance Corporation of the United States extended the bidding window for the Silicon Valley Bank Transition Bank. The Federal Deposit Insurance
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FDIC: Signature Bank’s digital asset business is not included in the acquisition of Flagstar Bank
On March 20th, the Federal Deposit Insurance Corporation (FDIC) of the United States announced today that the deposits and loans of Signature Bank will be sold to Flagstar Bank, a
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Singapore Monetary Authority prepared to provide liquidity for Credit Suisse incident
According to reports, the Singapore Monetary Authority has stated that it is prepared to provide liquidity to ensure stability, and Credit Suisse customers will continue to have full access rights. The domestic financial system will continue to be closely monitored, and UBS’s main business in Singapore is not retail. The Credit Suisse incident will not affect the stability of Singapore’s banking industry. Currently, Credit Suisse continues to operate continuously in Singapore. During the takeover process, close contact will be maintained with the Swiss Financial Market Supervision Authority, Credit Suisse and UBS. Monetary Authority of Singapore: Ready to provide liquidity to ensure stability, Credit Suisse clients will continue to have full access rights Analysis based on this information:The recent Credit Suisse incident has caused concern among the public and market participants. The Singapore Monetary Authority has issued a statement indicating its preparedness to take action to ensure stability in the financial system. The authority is willing to provide liquidity to Credit…
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UBS Group Negotiating an Acquisition of Credit Suisse
It is reported that UBS Group (UBS) is negotiating a partial or overall acquisition of Credit Suisse; The two sides will hold separate talks over the weekend; The Swiss Central Bank and the Swiss Financial Supervisory Authority (Finma) coordinate negotiations; Swiss regulators told the Federal Reserve and the Bank of England on Friday that merging the two banks is their “Plan A”; The two banks are discussing numerous options; Both parties assess regulatory restrictions in different jurisdictions; There is no guarantee that an agreement can be reached. (Financial Times) UBS negotiates the acquisition of Credit Suisse in whole or in part Analysis based on this information:UBS Group, one of the largest multinational investment banking and financial services companies, is reportedly in negotiations to acquire Credit Suisse. The talks are intended to explore a full or partial acquisition of the bank, with both parties holding separate talks over the weekend. It is believed that the Swiss Central Bank and Swiss Financial…
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Decline in US Bank Deposits and Its Impact on the Economy
According to reports, in the week before the collapse of three banks triggered global financial turmoil, deposits in the US banking industry had continued to decline. According to data released by the Federal Reserve on Friday, bank deposits decreased by $54.4 billion to $17.6 trillion in the week ended March 8. Deposits have fallen by about $500 billion from the peak set in April last year, exacerbating the pressure on the financial system. After the collapse of Silicon Valley banks and two other banks, the Federal Reserve’s weekly report on the funding situation of the US banking industry suddenly became a key data point for the market and economy. Some people worry that moving depositors’ deposits or seeking higher yield products may cause more banks to fall into trouble. Another worrying issue is that banks will tighten their lending standards while improving their financial situation, which will curb the momentum of economic growth. There have been signs of slowing credit…
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BlackRock Expects Federal Reserve to Raise Interest Rates Despite Banking Industry Pressure
It is reported that the investment research institute of BlackRock, the world’s largest asset management company, said that although the pressure of the banking industry is weakening investor confidence and tightening the financial environment, the Federal Reserve will still need to continue to raise interest rates to cope with inflation. The agency said that the current development will not cause the Federal Reserve to suspend interest rate increase. The current environment is different from that in 2008, when all monetary policy levers were used to support the economy. BlackRock: Although the banking industry is under pressure, it is expected that the Federal Reserve will continue to tighten monetary policy Analysis based on this information:According to the investment research institute of BlackRock, the pressure of the banking industry is weakening investor confidence and tightening the financial environment. Despite these challenges, BlackRock still expects the Federal Reserve to continue raising interest rates to cope with inflation. Inflation is typically controlled by raising…
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ETFs in the US Stock Market Experience a Dip
It is reported that most of the ETFs in the US stock market fell at the beginning of the session. The ETFs in regional banks fell by 5.3%, the ETFs in banking …