Two days after authorities shut down Silicon Valley Bank in a collapse that left billions in savings unclaimed, state regulators shut down New York-based Signature
Category: Money Matters
Silicon Valley Bank crash triggers global financial crisis with $175b trapped.
On Friday, the startup-focused lender SVB Financial Group had an abrupt collapse that rocked the world’s financial markets and left billions of assets belonging to
Brexit raised the Number of EU Millionaire Bankers – Watchdog.
According to the European Union’s banking authority, more Brexit-related relocations from London and an increase in trading raised the number of bankers earning more than
FX swap debt of over $80 trillion threatens global financial system – BIS
Pension funds and other “non-bank” financial institutions now have more than $80 trillion in secret, off-balance sheet dollar debt in the form of FX swaps,
HSBC spins off its Canada division to RBC for $10b in a bid to boost dividend payout.
For $13.5 billion Canadian dollars ($10.04 billion) in cash, HSBC has agreed to sell its Canadian operations to the Royal Bank of Canada, opening the
Deutsche Bank cautions that US banks are not committed to EU markets.
The clear message from Deutsche Bank to European businesses borrowing from US lenders is that they will be dropped when circumstances are difficult. The warning,
Visa and Mastercard foresee more profits as travel demand increases.
Due to consumers’ continued appetite for travel, one of the major sources of income despite rising inflation; pandemic-weary consumers are projected to benefit U.S. card
Nobel Prize in Economics: Bank failures trigger financial crises, former Fed Chair Ben Bernanke & others.
Ben S. Bernanke, a former chair of the U.S. Federal Reserve, and two economists from the United States, Douglas W. Diamond, and Philip H. Dybvig,
Credit Suisse restructuring; Swiss National Bank is keeping an eye on the situation. — Maechler
According to SNB Governing Board member Andrea Maechler, the SNB is actively monitoring the circumstances at Credit Suisse. In response to worries over its capacity
Germany is a money laundering paradise, a paradigm shift is necessary. – Finance Minister.
A global watchdog claims that despite a flurry of measures in recent years, Germany hasn’t done enough to combat money laundering. The Financial Action Task
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