Hints and tips:
...Foreign central banks are moving reserves to rival currencies, and buying gold at a record pace....
...What seemed to have got bitcoin enthusiasts excited was BlackRock’s ETF added to a list of eligible assets that are held at the US securities clearing house....
...Despite the chorus of criticism from the pillars of the economic establishment that the fiscal response was too big, that response is still holding up the US economy at no greater inflationary cost than...
...“Really it comes down to the market,” says Liam Fitzpatrick, an analyst at Deutsche Bank....
...In many counties across the US, there is no nearby alternative to smaller banks . . . there is no GSIB branch in roughly two-thirds of counties, making up 10% of US GDP . . . for those same counties, the...
...And the countries that hold the world’s convertible currencies today have joined us in many of the actions that we’ve taken....
...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....
...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...
...She offered severance for both him and Gilbert if they gave back control of the bank accounts and walked away. Which sounded good to him. Four days later, the parallel universe board met over Zoom....
...They now account for 10 per cent of global reserves, up from 2 per cent in 2001. Their gains, which accelerated during the pandemic, have come mainly at the expense of the US dollar....
...Under post-crisis banking rules, currency and rates trading can be done at the bank holding company level, and therefore take advantage of deposits....
...He paid $648mn for a 7.6 per cent personal stake in Robinhood, co-founded by 35-year-old Vlad Tenev, in May. FTX says no formal M&A talks have been held....
...For over six months, the idea of a third iteration of the internet has held the US tech sector in a tight grip....
...(Last year, New York regulators settled with the company after accusing it of providing misleading information in its accounts.)...
...The US is clearly chief in this regard at the moment. But in a more heterodox system, building alliances will be key....
...Bank of America....
...European banks have struggled to compete with US rivals like JPMorgan Chase, Bank of America and Wells Fargo. 3....
...He says that by cutting interest rates and weakening the currency, he’s going to make Turkish exports more competitive, rebalance the current account deficit, which has long been a source of pressure on...
...One US bank that has persevered with Russia is Citigroup, which had $5.5bn in loans, investment securities and other assets tied to Russia at the end of the third quarter of 2021, according to the bank’s...
...“I don’t know anything about it and I don’t want to learn either, I’m one of those people who says: no way, I won’t use it,” said Guadalupe Escobar, 35, who sells bread at a roundabout in the capital San...
...“I was finance minister in 2012 when we happened to place over $2bn of sovereign bonds at the best possible conditions,” he told the Financial Times. “We paid just 55 basis points over US Treasuries.”...
...Indeed, until Yale School of Management professor and former US undersecretary of commerce Jeffrey E Garten published his book Three Days at Camp David there was no comprehensive account available....
...How are US consumers forced to buy stuff, or the US to borrow, simply because capital from the rest of the world wants to come to America?...
...But we’ve already located thousands of gigatons of fossil fuels around the world....
...More than 1m people in the UK don’t have a bank account, making it impossible for them to pay using cashless methods....
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