Banks ramp up use of new Fed facility created during crisis
American banks deepened their reliance on a new Federal Reserve lending program created after the collapse of Silicon Valley Bank…
Crypto is banned in China, but Binance employees and support volunteers tell people how to bypass the ban
Binance is the world’s largest crypto exchange by volume and assets, having processed $9.5 trillion worth of trades in 2021…
Bank of England hikes interest rates by 25 basis points after inflation surprises
LONDON — The Bank of England on Thursday hiked interest rates by 25 basis points as it grapples with persistent…
Wells Fargo lists financial instability as biggest economic risk post-Fed decision
A major Wall Street firm is ranking financial instability over inflation as the biggest economic risk for the next three…
The Fed forecasts just one more rate hike this year
The Federal Reserve will hike interest rates just one more time in 2023 before the central bank ends its inflation…
Fail or sale? What could be next for stricken Credit Suisse
Credit Suisse may have received a liquidity lifeline from the Swiss National Bank, but analysts are still assessing the embattled…
‘Be mindful of your risk’: Money manager tackles Silicon Valley Bank fallout on ETFs
There’s speculation the Silicon Valley Bank collapse could expose problems lurking in ETFs tied to specific sectors. Astoria Portfolio Advisors…
UBS shares reverse losses, Credit Suisse craters 55% after takeover deal
UBS shares staged a remarkable rally Monday afternoon, reversing steep losses after the bank’s 3 billion Swiss franc ($3.2 billion)…
Bitcoin briefly tops $28,000 for the first time in 9 months after bank crisis sparks weekend rally
Bitcoin climbed past the $28,000 level over the weekend as investors rediscover its appeal as an alternative banking system. On…
