Banking System
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The Challenges of the Banking System and Regulation Lead to Decline in USDC Market Value
On April 26th, Jeremy Allaire, the CEO of Circle, stated in an interview that in the challenges of the banking system and regulation, investors are pushing to \”shift risk away from
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The Impact of Government Policy on the Banking System and the Economy
On April 16th, US Treasury Secretary Yellen stated in an interview that the policy actions taken by the US government to curb the systemic threat caused by the collapse of Silicon
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US Treasury Secretary Yellen Remains Vigilant Against Downside Risks Amid Russia-Ukraine Conflict
According to reports, US Treasury Secretary Yellen said that in view of the Russia-Ukraine conflict and the recent pressure on the banking system, the US government remains vigilan
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The Impact of the Ongoing Financial Crisis
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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Circle CEO expresses concern about banking system risks despite USDC’s resumption
According to reports, a few days after the US federal government stepped in to protect the now defunct Silicon Valley bank depositors, Jeremy Allaire, the CEO of Circle, said in an interview with CNBC that although the USDC had resumed anchoring, the banking system risks had not completely disappeared. He explained that the risks of the broader impact on the US financial system appeared to be systemic, and I do not believe that these risks had completely dissipated at this time. Circle will protect itself by reducing bank deposits. From the perspective of Circle, the main preventive measure is to ensure that we are exposed to the hidden risks in the partial reserve banking system as little as possible. (dailyhodl) Circle CEO: Will protect themselves by reducing bank deposits Analysis based on this information:In a recent interview with CNBC, Jeremy Allaire, the CEO of Circle, expressed his concern about the banking system risks in the United States, despite the resumption…
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Federal Reserve’s Loan Plan to Alleviate US Banking System’s Liquidity Crunch
On March 16th, JPMorgan Chase said that the Federal Reserve’s emergency loan plan may inject up to $2 trillion into the US banking system to alleviate the liquidity crunch. Strategists such as Nikolaos Panigrtzoglou wrote that the use of the Federal Reserve Bank’s term funding plan may be significant. Although the largest banks are unlikely to take advantage of the plan, the plan envisages a maximum usage scale of nearly $2 trillion, which is the nominal amount of bonds held by U.S. banks other than the top five. Although there are still $3 trillion in reserves in the US banking system, a significant portion of them are held by large banks. They said that the tightening of liquidity was due to both the quantitative tightening by the Federal Reserve and the shift of funds from bank deposits to money market funds as a result of interest rate hikes. In addition, they said that the bank’s regular financing plan should be…
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US Treasury Secretary Yellen: All Eyes on Silicon Valley Banks
According to reports, US Treasury Secretary Yellen said that any bank failure would constitute “obvious concern”. The US banking system is safe, capital is sufficient and resilient. Regulators are formulating policies to address the banking incident in Silicon Valley. Try to solve the current problem “in time”, but we can’t provide more details at present. Make sure that the problems of one bank will not spread to other banks. However, Yellen said that of course, he would not repeat the past rescue of banks. The problem of the technology industry is not the “core” of the collapse of Silicon Valley banks. The FDIC is considering a series of options for Silicon Valley banks, including acquisitions. The regulators are aware of this and are trying to meet the needs of bank depositors in Silicon Valley. US Treasury Secretary Yellen: Regulators are formulating policies to solve the banking incident in Silicon Valley Analysis based on this information:US Treasury Secretary, Janet Yellen, recently…
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Resilient Banking System and Confidence in Bank Regulators
According to reports, US Treasury Secretary Yellen said that the banking system remained resilient; The regulators have been convened to discuss the issue of S…
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BitMEX Founder’s Tweet: Powell and the Future of the Banking System
According to reports, Arthur Hayes, founder of BitMEX, tweeted, \”Powell may have pierced the banking system crisis in the United States. In 2008, the bank\’s no…
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Encryption Industry Failure Won’t Affect Banking System Significantly
It is reported that the minutes of the Federal Reserve meeting: the failure of the encryption industry has limited impact on the banking system.
Fed Mi…