Low confidence in banks. An economist tells us that the easy money environment actually destroys money. Crypto platform Binance, sued by U.S. regulators. They accuse the company of secretly coaching Americans how to get around U.S. rules. Parts of Twitter’s source code leaked online. Now the company’s trying to find who did it. Chinese apps, dominating…
LIVE 5 PM ET: NTD Business (March 27): Binance, CEO Sued by U.S. Regulators; SVB Deal Offers Banking Sector Relief
NTD Business (March 27): Binance, CEO Sued by US Regulators; SVB Deal Offers Banking Sector Relief
Crypto platform Binance is being sued by U.S. regulators. They accuse the company of secretly coaching Americans how to get around U.S. rules. Bank stocks recover some ground after the failed Silicon Valley Bank got itself a buyer. But are we out of the woods yet? We ask an economist. Parts of Twitter’s source code…
Housing Market in Tech Hubs Cooling Faster Than Other Parts of US: Report
Housing markets in tech hubs and pandemic-migration hotspots are cooling faster than other parts of the United States amid a wave of layoffs in the technology sector and elevated mortgage rates, according to real estate broker Redfin Corp’s report on Monday. Redfin round out the top 10 metropolitan areas that cooled the fastest based on how…
House Republicans Say SVB Rescue Should Not Benefit China: Letter
The U.S. government’s rescue of Silicon Valley Bank (SVB) should not benefit the Chinese Communist Party (CCP), House Republicans wrote in a letter to President Joe Biden. GOP lawmakers requested an investigation into the CCP’s position in SVB, the California-based financial institution that collapsed earlier this month, and determine how the federal government’s company restructuring…
House Republicans Say SVB Rescue Should Not Benefit China
The U.S. government’s rescue of Silicon Valley Bank (SVB) shouldn’t benefit the Chinese Communist Party (CCP), House Republicans wrote in a letter to President Joe Biden. Republican lawmakers requested an investigation into the CCP’s position in SVB, the California-based financial institution that collapsed earlier this month, and determine how the federal government’s company restructuring could…
House Republicans Say SVB Rescue Shouldn’t Benefit China
The U.S. government’s rescue of Silicon Valley Bank (SVB) shouldn’t benefit the Chinese Communist Party (CCP), House Republicans said in a letter to President Joe Biden. Republican lawmakers requested an investigation into the CCP’s position in SVB, the California-based financial institution that collapsed earlier this month, to determine if the federal government’s restructuring of the…
The Bank Meltdown Has Just Begun
March 27, 2023
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banking crisisBusiness & MarketsBusiness ColumnistsFederal Reservefinancial crisisinterest ratesJanet YellenOpinionSilicon Valley BankSilicon Valley Bank CollapseSVBU.S. economyViewpoints
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Commentary Elite overseers of the U.S. banking system spent the better part of the week assuring us that all is well with it. You just have to trust them. They know. And we all know how much we can trust our overlords to tell us the truth, right? Such a wonderful track record of at…
Global Financial Risks Have Risen Amid Bank Turmoil, IMF Chief Warns
March 27, 2023
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Business & Marketseconomic policieseconomyfinancialIMF - International Monetary Fundinterest ratesInternationalInvestmentMarketsSilicon Valley BankUSWorld
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The recent collapse of Silicon Valley Bank (SVB) and the rescue of Credit Suisse by rival UBS show that risks to global financial stability have increased, International Monetary Fund (IMF) chief Kristalina Georgieva said at a conference in Beijing on March 26. Speaking at the 2023 China Development Forum in the capital, Georgieva warned that rapid interest rate hikes by the Federal Reserve combined with…
First Citizens Buys Failed Lender Silicon Valley Bank
A buyer has been found for failed lender Silicon Valley Bank (SVB), with 17 former branches opening under First Citizens Bank on Monday, the Federal Deposit Insurance Corporation (FDIC) has announced. The FDIC said in a statement Sunday that it has entered into an agreement with the Raleigh, North Carolina-based First Citizens Bank to purchase all…
PREMIERING NOW: What Does San Francisco’s Reparations Plan Mean for Black People? | The Larry Elder Show | EP. 141
March 23, 2023
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banking crisisBlack AmericanEpochTVLive VideosreparationsSan FranciscoSilicon Valley BankslaveryThe Larry Elder ShowVideo
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The city of San Francisco is considering giving $5 million to each black descendant of slaves who lives in the city. They also want to allow blacks to purchase a home for one dollar, even though the average price of a home in the city is over $1 million. Additionally, they want to provide $97,000…
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