Search Results for: banks
FSB: crypto-assets do not pose a material risk to global financial stability at this time
July 18th, 2018
The Financial Stability Board, an international body that monitors and makes recommendations about the global financial system, published a report delivered to the G20 Finance Ministers and Central Bank Governors on the work of the FSB and standard-setting bodies ...
Trump’s Whirlwind European Tour
July 18th, 2018
President Trump visited Britain on a much-anticipated visit. The political situation in Washington is very different from when Mrs May last visited. In Washington, President Trump appears to have successfully gained control of and tamed the Deep State, while ...
Make Capital Cheap and Labor Costly, and Guess What Happens?
July 12th, 2018
Employment expands in the Protected cartel-dominated sectors, and declines in every sector exposed to globalization, domestic competition and cheap capital. If you want to understand why the global economy is failing the many while enriching the few, start ...
Bitcoin is down 66%. But it still may be the future of money
July 11th, 2018
The price of one bitcoin (XBT) is now hovering around $6,400. That’s a more than 50% drop in 2018 and a 66% plunge from the all-time high of just under $20,000 that bitcoin hit in late December. Other cryptocurrencies, ...
EQT acquires Saxo Payments Banking Circle from Saxo Bank
July 9th, 2018
EQT VIII and EQT Ventures, in partnership with Saxo Payments Banking Circle’s founders and other co-investors, to acquire Saxo Payments Banking Circle Saxo Payments Banking Circle’s unique banking platform enables cross-border payments with reduced complexity, time and cost EQT ...
JPMorgan maps out currencies to buy If a recession is coming
July 9th, 2018
If a U.S. or global recession is looming, it’s time to own the Swiss franc, Singapore dollar, U.S. dollar and Japanese yen — and ditch emerging market currencies, according to analysts from JPMorgan Chase & Co. “Recessions are when ...
EU released a report on Virtual Currencies and their future
July 6th, 2018
The Policy Department for Economic, Scientific and Quality of Life Policies has issued the report “Virtual currencies and central banks monetary policy: challenges ahead”. According the report, Virtual currencies are a contemporary form of private money. Thanks to their ...
Irrational Beliefs Are Ruling Markets
July 4th, 2018
To understand the consequences of the credit cycle, we must dismiss pure opinion, and examine the evidence rationally. This article assesses the fate of the dollar on the next credit crisis, a subject of increasing topicality. It concludes ...
PwC ordered to pay millions dollars in damages over bank’s collapse
July 3rd, 2018
A federal judge on Monday said PricewaterhouseCoopers LLP must pay $625.3 million in damages to the Federal Deposit Insurance Corp for failing to uncover fraud that led to one of the largest bank failures of the global financial crisis. ...
Is China part Of the “Emerging Market Crisis”?
June 29th, 2018
Being huge, consequential and technologically advanced, China isn’t normally lumped into the “emerging” category with Brazil and Argentina. To most observers they’ve already left the kids table and are now seated with the developed-world adults. But that might be ...
