Category: Regulation
First Republic Bank Slides To B2 From Baa1 After Moody’s New Rating
Moody’s Investors Service has recently downgraded First Republic Bank’s credit rating from Baa1 to B2. This is a significant downgrade for the bank, which has…
Research Shows CBDC Transactions Will Reach $213B By 2030
According to new research, payments involving central bank digital currency (CBDC) is expected to double by 2030 and reach $213 billion yearly. The researchers noted…
Coinbase Engages Australia’s Banking Officials To Discuss Local Cryptocurrency Regulations
Executives from Coinbase have been meeting privately with the Reserve Bank of Australia and Treasury executives to explore the future of cryptocurrency legislation in the…
US Banks Unite To Inject $30 Billion Into Struggling First Republic Bank
In a remarkable show of solidarity, a consortium of America’s biggest banks has injected a multi-billion dollar recovery fund deal into the struggling First Republic…
Bitcoin Price Resilient Amidst Deepening Banking Crisis
The banking crisis has sent shockwaves through the financial markets, with three banks already shut down and Credit Suisse on the brink of collapse. Investors…
Credit Suisse Secures $54 Billion Lifeline As Authorities Take Action To Avert Bank Crisis
On Thursday, Credit Suisse announced it would take out a $54 billion loan from the Swiss National Bank (SNB) to bolster liquidity and build investor…
Judge Considers Removing Naomi Osaka And Shaq From FTX Lawsuit
A legal case against FTX, the defunct cryptocurrency exchange, is currently being reviewed by a judge to determine whether to dismiss the involvement of two…
Investors Seek Safe Haven In Silver Amidst Market Volatility
In recent months, investors have increasingly turned to silver as a haven against the volatility of other financial markets. Silver has become an attractive option…
KuCoin’s Sale Of Unregistered Securities Draws Regulatory Scrutiny In New York
KuCoin, a popular cryptocurrency exchange, faces regulatory heat after New York State Attorney General Letitia James filed a lawsuit against the firm for selling unregistered…
Argentina Loan Review Gets IMF Staff Approval, Eased Targets Possible
The long-awaited agreement between Argentina and the IMF over the country’s $44B loan program has finally been reached. The staff-level agreement was announced Monday, with…
