Quelle Surprise! Bank Too Big to Fail Problem Not Solved as Lobbyists Scheme to Make It Worse

nakedcapitalism.com Yves here. Simon Johnson, former IMF Chief Economist and now a professor at MIT’s Sloan School, provides an update on the state of Too Big to Fail. The short version is that…

Five things investors have learned this year

economist.com S economist Paul Samuelson once quipped, have predicted nine out of the last five recessions. Today they stand accused of crying wolf yet again. Pessimism seized trading…

Banks may lean on costly ‘hot money’ to get through higher-for-longer Fed campaign

finance.yahoo.com The Federal Reserve made it clear this week that it sees interest rates staying higher for longer. That is not good news for beleaguered banks already struggling with…

Fed Signals High Rates for Long Term: What It Means for Banks

247wallst.com As expected, the Federal Reserve held the interest rates steady at a 22-year high of 5.25-5.50%, while indicating one more hike before this year’s end as “inflation remains…

Analysis: Fixing oversight culture may be biggest challenge in averting future bank crises

reuters.com As U.S. regulators start to overhaul the way they police lenders after three banks failed this year, they will have to address examiners' hesitancy to raise red flags, a…

Operation Choke Point 2.0: How US Regulators Fight Bitcoin With Financial Censorship

zerohedge.com Operation Choke Point 2.0: How US Regulators Fight Bitcoin With Financial Censorship Authored by Peter Chawaga via BitcoinMagazine.com, “The reason that we are focused on…

SVB Capital Could Sell for $500 Million

pymnts.com Silicon Valley Bank’s former owner is reportedly close to selling its venture capital business. SVB Capital has attracted two top bidders, The Wall Street Journal (WSJ)…

Fed’s Balance Sheet Liabilities: RRPs Plunge, Reserves Rise after Bank Panic, Currency in Circulation Dips after Pandemic Spike, TGA Gets Refilled

wolfstreet.com QT’s impact on the Fed’s liabilities, and the massive movements between them. The daily measure of Overnight Reverse Repurchase agreements (ON RRPs) at the Fed have plunged…

SVB Capital closes in on deal to be bought out of bankruptcy: report

marketwatch.com The former parent company of Silicon Valley Bank is nearing a deal to sell its VC and credit-investment arm out of bankruptcy, according to a Wall Street Journal report…

Top crypto state regulator to step down, headed to private sector

foxbusiness.com One of crypto’s top state regulators is leaving his post by the end of the month, FOX Business has learned. Peter Marton, deputy superintendent of virtual currency at the…

Binance's CEO says signing up another 100 million crypto users will be a big challenge until they can buy crypto with cash

markets.businessinsider.com Binance CEO says difficulties in converting fiat currencies like the dollar to crypto are a big hurdle to bring in the next 100 million users. • "We're seeing a lot of…

RBC hires executive chair for U.S. bank City National who will report directly to CEO

theglobeandmail.com Royal Bank of Canada is hiring an outsider as executive chair for City National Bank, its U.S.-based lender that caters to ultra-high-net-worth clients, who will report…

Citigroup reorganizes business model to streamline operations

foxbusiness.com Citigroup CEO Jane Fraser said Wednesday that the company is making "significant changes" to streamline its operating model and speed up decision-making. Moving forward,…

Welcome to the Twenty-First Century American Bankruptcy Show

mises.org Many historians labeled the twentieth century as the American century, with many metrics used. The end of the Cold War in 1989 and the fall of the Union of Soviet Socialist…

Report Reveals The Stablecoins That Have Suffered The Most De-Peg Events

newsbtc.com Amidst the constant price swings and uncertainties that plague the crypto market, stablecoins have become an invaluable asset for investors and traders. However, analysts…

Bitcoin, Ether continue to slide; altcoins under pressure

forkast.news Bitcoin rose slightly on Tuesday afternoon in Asia but remained below the support level of US$26,000. Ether traded below US$1,600, with XRP leading losses across most other…

Bitcoin, Ether lose key support levels; altcoins slide amid FTX liquidation woes

finance.yahoo.com Bitcoin fell on Tuesday morning in Asia to hover above US$25,000 after briefly losing the key support level for the first time in the past almost three months. Ether also…