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...No wonder that a board game called “Eternal Debt” once became a hit in Argentina....
...result in banks lending less and at higher interest rates....
...The debtor explained its conduct very clearly: [The affiliate Scintilla] had no other business, operations, assets, or activities until the bank account was opened....
...What is more, more than 40 per cent of the deposit accounts at the nation’s four largest banks pay no interest at all. That compares to 30 per cent for the industry overall....
...No, crypto in 2024 (so far, at least) is a rather more subdued affair....
...It took forever for me to get around to opening up a TreasuryDirect account, and now you’re telling me that this market is actually a mess? Wait, no! Hahahaha no, no, the market is fine....
...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....
...However, analysts at Bank of America this month warned that the earnings from custodying assets could be “quite thin” as it faced pressure from Wall Street names like BlackRock and Fidelity....
...Central banks in the region are considering raising interest rates in response to the currency moves. 4....
...The government-set official exchange rate values the Argentine currency at just over 400 pesos to the dollar, even as black market traders charge almost 1,000 pesos per greenback....
...Operators say they help ordinary people convert fiat (real) money into and out of their crypto wallets, much like a normal cash point does with a normal bank account....
...These were transparent enough to hold policymakers to account, but it was the inclusion of an escape clause in case of a disaster that made the rules credible....
...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”....
...It was easy to poke fun at crypto back in late 2022....
...Given what the principal reserve currencies are, we are talking about accounts with the Federal Reserve, European Central Bank, Bank of Japan, Bank of England, Bank of Canada and the People’s Bank of China...
...There followed a deposit run of hitherto unimaginable speed at SVB and other regional banks....
...Strategists at Bank of America now forecast that the Nikkei will end the year at 41,000 while the Topix will reach 2,850, just short of its all-time high of 2,884 points....
...Masashi Akutsu, chief Japan equity strategist at Bank of America, on Monday raised his year-end forecasts to 41,000 for the Nikkei and 2,850 for the Topix, compared with 39,098.68 and 2,660.71, respectively...
...bank accounts....
...Foreign central banks are moving reserves to rival currencies, and buying gold at a record pace....
...large Chinese corporates considering expanding in Latin America to serve US customers....
...Net mortgage approvals for house purchases increased to 60,400 in February, its highest level for 17 months, according to the Bank of England....
...That compares to 0.39 per cent of GDP in the US and 0.5 per cent in Japan....
...We do encourage everybody who works with us to have an OF account, and I follow a variety of different people....
...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....
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