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Policy
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U.S. Banks Borrow $165 Billion From the Fed in a Week
The successive collapse of well-established financial institutions in the U.S. managed to instill fear among depositors and investors.…
European Central Bank Raises Interest Rates by 50 BPS Amidst Banking Chaos
The European Central Bank has made the decision to hike the interest rate by 50 basis points today.…
Fed to Launch Instant Payments System ‘FedNow’ in July
On Wednesday, March 15, the U.S. Federal Reserve unveiled details about its native ‘FedNow’ instant payments system. The…
BlackRock CEO: More Bank Seizures Could Occur Going Forward, Inflation To Persist
On Wednesday, March 15, BlackRock CEO, Laurence Fink warned that the regional banking sector in the U.S. continues…
California Governor Reportedly Failed to Disclose Silicon Valley Bank Ties While Lobbying for Bailout
Business Insider reported that California Governor, Gavin Newsom, failed to disclose his ties with Silicon Valley Bank while…
U.S. Inflation Rate Falls to 6% in February
Inflation in the U.S. has gradually been on a decline. The CPI fell to 7.1% in November last…
Coinbase Submits Amicus Brief in SEC vs. Wahi Insider Trading Suit
Popular cryptocurrency exchange Coinbase has filed an Amicus Brief in the SEC vs. Ishan Wahi insider trading lawsuit.…
Citadel CEO: U.S. Capitalism Is “Breaking Down Before our Eyes”
The back-to-back collapse of banks in the United States prompted regulators to step into the arena and take…
Goldman Sachs “No Longer Expects” Fed to Raise Interests in March
Right from Signature Bank to Silicon Valley Bank and Silvergate, a host of prominent financial institutions have become…
US Treasury Secretary Rules Out a Bailout for Silicon Valley Bank
The Financial Times reported that US Treasury Secretary Janet Yellen has ruled out a bailout for Silicon Valley…