Blackrock CEO Warns More Bank Seizures and Shutdowns Could Result From Regulatory Changes 3 min read Blackrock Blackrock CEO Warns More Bank Seizures and Shutdowns Could Result From Regulatory Changes The CEO of Blackrock, the world’s largest asset manager, has warned about additional bank seizures and shutdowns...Read More
Report: US Government Auctions Off Failed Banks SVB and SNBY, Crypto Restrictions Apply 3 min read American Banks Report: US Government Auctions Off Failed Banks SVB and SNBY, Crypto Restrictions Apply admin March 17, 2023 The U.S. government and the Federal Deposit Insurance Corporation (FDIC) are auctioning off two failed American financial...Read More
Michael Burry Compares Current Banking Turmoil to Panic of 1907 — Highlights Markets Bottoming 3 min read big short investor Michael Burry Compares Current Banking Turmoil to Panic of 1907 — Highlights Markets Bottoming admin March 16, 2023 Michael Burry, a hedge fund manager renowned for predicting the 2008 financial crisis, has drawn parallels between...Read More
Moody’s Downgrades US Banking Sector to Negative After Collapse of Three Major Banks 4 min read asset-liability management Moody’s Downgrades US Banking Sector to Negative After Collapse of Three Major Banks admin March 14, 2023 After the failure of three major U.S. banks last week, with two of them being the second...Read More
Silicon Valley Bank Failure Highlights Dangers of Fractional-Reserve Banking 6 min read 19th century Silicon Valley Bank Failure Highlights Dangers of Fractional-Reserve Banking admin March 12, 2023 After the failure of Silicon Valley Bank (SVB), a great deal of Americans are starting to realize...Read More
‘Fiat Is Fragile’ — Silicon Valley Bank’s Collapse Sparks Finger-Pointing and Concerns of Contagion 4 min read Balance Sheet ‘Fiat Is Fragile’ — Silicon Valley Bank’s Collapse Sparks Finger-Pointing and Concerns of Contagion admin March 11, 2023 Silicon Valley Bank (SVB) has become the center of attention after its collapse prompted the U.S. Federal...Read More
Elizabeth Warren Blames ‘Crypto Risk’ for Silvergate Bank’s Liquidation, Critics Dismiss Senator’s Claims as ‘Terribly Misinformed’ 4 min read Accusation Elizabeth Warren Blames ‘Crypto Risk’ for Silvergate Bank’s Liquidation, Critics Dismiss Senator’s Claims as ‘Terribly Misinformed’ admin March 9, 2023 After Silvergate Bank announced its voluntary liquidation, U.S. senator Elizabeth Warren is attributing the financial institution’s downfall...Read More
US Lawmaker Calls on SEC Chair Gensler to Testify About His Crypto Regulatory Failures 3 min read Congressman US Lawmaker Calls on SEC Chair Gensler to Testify About His Crypto Regulatory Failures admin December 14, 2022 U.S. Congressman Tom Emmer has called on the chairman of the Securities and Exchange Commission (SEC), Gary...Read More
Robinhood Crypto Fined $30 Million by New York Regulator for ‘Significant Failures’ in Multiple Areas 2 min read DFS Robinhood Crypto Fined $30 Million by New York Regulator for ‘Significant Failures’ in Multiple Areas admin August 3, 2022 The New York State Department of Financial Services (DFS) has fined Robinhood Crypto $30 million for “significant...Read More
Co-Founder of Africa Focused Fintech: Traditional Banks Not Optimized to Serve the Unbanked 5 min read Bitcoin Co-Founder of Africa Focused Fintech: Traditional Banks Not Optimized to Serve the Unbanked admin June 2, 2022 For years, traditional financial institutions in different parts of the world have been attempting to narrow the...Read More
‘Financial Inclusion’ — A Buzzword for Central Banks Who Secretly Despise Economic Freedom 9 min read adoption ‘Financial Inclusion’ — A Buzzword for Central Banks Who Secretly Despise Economic Freedom admin November 27, 2021 The World Economic Forum (WEF) has released its latest report on “digital currency governance” this month, addressing...Read More
UBS Considers Acquiring Credit Suisse, Requests Government Backstop in Deal 3 min read Acquisition UBS Considers Acquiring Credit Suisse, Requests Government Backstop in Deal admin March 19, 2023 After Credit Suisse Group AG announced it would borrow 50 billion Swiss francs from the Swiss National...Read More