Race Towards Financial Innovation; Britain Contemplates Introducing “Digital Pound”
The British government is considering issuing a digital version of the pound, known as the digital pound or Britcoin, to ...
HSBC Survives Bid By Top Shareholder To Spin Off Lucrative Asian Operations
Ping An failed to secure 75% of the required vote to force through the split. HSBC has repeatedly rejected calls ...
Morgan Stanley to Slash 3,000 Jobs Amid Market Uncertainty
The investment bank cites a slowing deal-making and uncertainty in the global economy. Part of the uncertainty is the fear ...
BRICS Currency Against The U.S. Dollar; International Trade And De-Dollarization
Josh Sullivan, a former economic advisor for the White House, believes that a new BRICS-issued currency may have the ability ...
JP Morgan, PNC Race To Acquire Troubled First Republic Bank
The San-Francisco-based lender lost 97% of its market value prompting the regulators to intervene. First Republic recently disclosed losing 40% ...
An Acute Case Of Bank Run; How Depositors Wiped Out US$75B From Credit Suisse
The bank run was fueled by several factors, including scandals and compliance failures, social media speculation, and the failure of ...
Waave Raises $4.7M; Developing Open Banking Payments
Waave is a fintech company based out of Australia. Waave is claimed to be the first B2B and B2C payment ...
Apple Launches High-Yield Savings Account In Partnership With Goldman Sachs
The account offers 4.5% interest rate on deposits with no minimum balance requirements and no fees. Amid the hiked interest ...
BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds
UBS acquired the Swiss lender last month after ‘weakness’ in the latter’s financial reporting and internal controls. The government-brokered deal ...
Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause
The Mortgage Bankers Association (MBA) stated that for the first time ever, in 2022, banks were losing money on every ...
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