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% ...
U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks
U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but ...
Recession Fears And A Slow Labour Market Exert Pressure On Stocks
Since the Fed hiked interest rates, the demand for goods and services has been affected. A weak retail and manufacturing ...
U.S. Central Bank Raising Rates By 25 BPS In May; Repercussions On Financial Markets
Investors continue to watch carefully comments from Federal Reserve officials that could give more insight into the path of interest ...
Macro Review Of Economic Data For The United States; CPI, Inflation, Fund Rates
The U.S. economy remains stable for now, and according to the official data that was released this Wednesday, the Consumer ...
Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform
Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+. Alongside ...
GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale
Shares of Grayscale Bitcoin Trust, the world's largest Bitcoin fund, rose nearly 10% this Tuesday after Grayscale's lawsuit against the ...
Silvergate Drops Over 50% In A Trading Day; Sees Its Biggest Clients Halting Business With The Bank
On Wednesday, Silvergate closed the day at $13.53; on Thursday, they closed at $5.75. A 57% loss in 2 days ...
German Tech Giant Siemens Issues Digital Bond Worth $64M on Public Blockchain
The bond, issued under the Electronic Securities Act in 2021, has a maturity of one year. Some of the subscribers ...
Top Russian Bank Issues First Gold-Backed DFAs With Major Metal Processor
Russia’s largest bank Sber has partnered with Solfer - a processor of precious metals - to launch gold-backed digital financial ...
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