Hints and tips:
...result in banks lending less and at higher interest rates....
...Active ETFs may account for only up to around 7 per cent of assets in ETFs, he said, but about a fifth of the inflows....
...The won accounts for 41 per cent of the market, according to CCData, up from 24 per cent in September....
...Tether’s USDT, the largest stablecoin on the market, scored a four, because S&P had concerns about a “lack of information on custodians, counterparties, or bank account providers”....
...There followed a deposit run of hitherto unimaginable speed at SVB and other regional banks....
...Money flowed from north to south, but it was no secret that what was at stake were the fortunes of systemically important banks in the north....
...In most countries, the absence of resources to assess associated tax implications and risks, as well as the danger of money laundering, means conversion to fiat currency is still necessary at some point...
...The Waverly Inn 16 Bank Street, New York, NY 10014 Good for: People-watching, cosy post-shopping cocktail and meal, a work dinner, private parties Not so good for: Tables are hard to get, so plan ahead...
...for that year* and 0.1 per cent of currency in circulation....
...The OMFIF survey found that 16 per cent of reserve banks planned to increase US dollar exposure in the next couple of years, compared with 10 per cent that planned to reduce it....
...Now the Russian central bank has no option but to continue this strategy, as its access to most other reserve currencies is restricted, said Iikka Korhonen, head of research at the Bank of Finland Institute...
...The company in filings on Saturday estimated it had $564mn in bank balances after establishing the amounts held in 144 of the 216 bank accounts it had linked to FTX and more than 100 affiliated companies...
...His account made no sense to us. We’ll see how it holds up after John Ray, FTX’s new chief executive, talks to Congress on December 13. Bankman-Fried, remember, was crypto’s adult in the room....
...Although it has dipped from the two-decade high of 54 per cent in December, inflation remains at 41.2 per cent. “Life is hard for everybody in Ghana....
...In 1985, the Plaza Accord saw US, German, French, Japanese and UK central banks agree to FX interventions designed to bring down the value of the dollar....
...The US gave no further details of the allegations....
...The fall in digital assets comes alongside a bear market in US stocks....
...One scoop to start: A group of Wall Street banks stuck holding debt tied to the $16.5bn takeover of software maker Citrix on Monday offloaded $750mn of the loans clogging up their balance sheets, according...
...The ruling activated a dormant article in the European treaty that could set a significant precedent for EU regulators’ ability to go after more so-called killer acquisitions — no matter where they’re located...
...Bank of America....
...Per the FT: FTX has filed for bankruptcy protection in the US after it was unable to meet a torrent of withdrawals, marking a stunning collapse for Sam Bankman-Fried’s crypto empire that was valued at $32bn...
...Bank of America profits also dipped to $6.2bn from $9.2bn a year earlier....
...International benchmark Brent rose 1 per cent ahead of the meeting to $94.41 a barrel. Thank you for reading FirstFT Americas. We hope you have a great week — Gordon Five more stories in the news 1....
...The US central bank is the culprit....
...“There is no banking system in Russia without Sberbank,” said Ilan Stermer, director of banks research at Renaissance Capital....
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