Brussels is set to unveil plans to better shield taxpayers from bank failure by strengthening its rules for struggling lenders. The European Commission is in the process of finalising draft legislation that makes it easier to transfer depositors’ cash to healthy institutions from troubled lenders, or to wind down a problem bank without drawing on
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In today’s episode of let’s talk stocks, we are going to take a look at option greeks. We’ll to talk about delta, gamma, theta, and vega. In this video, we will cover: what the greeks are, how they’re used, and the big picture behind them. This lesson is perfect for people just starting out with
On April 12, Ethereum-based noncustodial lending protocol Euler Finance announced that it would open redemptions after hackers returned the vast majority of assets stolen in a $197 million flash loan exploit last month. Euler says it will repay all sub-account liabilities at the block the protocol was disabled on March 13. The on-chain price oracle,
press release PRESS RELEASE. After RenQ Finance achieved remarkable success by completing stage 4, they generated immense excitement among investors after embarking on stage 5. In just the last 24 hours of stage 5, RenQ has secured over $1 million in funding, bringing the total raised for this stage to an impressive over $7,7 million
The Russian central bank has attributed the ruble’s latest plunge against the U.S. dollar to the temporary reduction “in sales of foreign currency earnings by exporters.” The central bank also revealed that the Chinese yuan accounted for 39% of the Russian forex market’s overall volumes. Temporary Reduction in Sale of Foreign Exchange The Russian central
Longtime public finance veteran Brian Wynne has landed at Jefferies Financial Group Inc. after being ousted in January from Morgan Stanley, where turnover on its muni team continues. At Jefferies, Wynne will co-head the municipal syndicate group with Roy Carlberg. Wynne “brings decades of experience and a unique perspective to our issuer and investor clients,”
The embattled Oklahoma Turnpike Authority will halt work on a controversial $5 billion expansion project until its access to the municipal bond market is assured. The work stoppage effective Friday comes as the OTA faces an investigative state audit, litigation by property owners opposed to the project, and legislation that would impact the selection and
Carmine Di Sibio was derided by some colleagues as a mere “caretaker” when he was appointed as global boss of EY in 2019. The Italy-born executive confounded expectations by attempting a once-in-a-generation break-up of the Big Four firm. But after months of internal arguments and delays, the deal’s collapse has pitched the firm into fresh
Andrew Bailey has said the Bank of England is working on reform of Britain’s bank deposit insurance guarantee scheme, raising the prospect of increased protection for customers. Speaking in response to high-profile bank failures on both sides of the Atlantic, the BoE governor suggested the UK might need to increase its limit for guaranteed deposits
LayerZero is a communication method that facilitates cross-chain applications. Its low-level messaging capabilities enable the development of omni-chain functionalities on top of it, such as decentralized exchanges, money market protocols and numerous other DeFi applications that can benefit from cross-chain liquidity provisions. The LayerZero platform was launched in September 2021 with Stargate Finance, a cross-chain
China’s luxury market has begun to rebound from the downturn it experienced during the country’s draconian zero-Covid policies, but the pace of sales growth in the US — luxury’s biggest market — has plateaued, according to LVMH. The world’s biggest luxury group, which is controlled by billionaire Bernard Arnault, reported global sales for the first
Warren Buffett once again took up his familiar role as conductor of the FUD train in yet another anti-cryptocurrency interview with CNBC’s Squawk Box on April 12. “We’ve had an explosion of gambling,” the magnate told CNBC by way of describing the cryptocurrency market. He then added “I like to bet on a football game
For a group that specialises in corporate restructuring, EY might have done a better job of executing its own. The global accountancy partnership could not scale its Project Everest — a plan to split its audit and consultancy activities. The exertion has left its leaders red-faced, and a tad lost strategically. EY’s ambition was sound.
Solana moved to a six-week high on Wednesday, as markets reacted to the latest inflation figures from the United States. The consumer price index (CPI) fell to 5% in March, lower than the 5.2% sum many had expected. Ethereum classic also moved higher, nearing a multi-week high. Solana (SOL) Solana (SOL) extended yesterday’s 15% gain
On April 12, Yuga Labs’ ERC-20 token ApeCoin (APE) briefly surged to $90.00 from around $4.20 apiece on the South Korean cryptocurrency exchange Upbit before most gains were wiped out in a sharp sell-off. However, the token is still trading at $10.90 apiece at the time of publication, representing a significant premium of around $4.50
The Ethereum network’s Shapella upgrade, scheduled for around 6:30 pm EST on April 12, has induced significant uncertainty among traders, according to a report by Kaiko. The upgrade will enable staked-ETH withdrawals from the Beacon Chain for the first time since its launch in December 2020. According to previous estimates, the upgrade will add nearly
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Let’s begin the educational journey towards an exciting investing experience. Learning about financial concepts can feel intimidating and finding a starting point can prove challenging. In this video, we start at the very beginning and answer a simple question – what is a stock? ?ur Investing 101 series will cover the fundamentals of investing and
On Wednesday, the U.S. Bureau of Labor Statistics published the Consumer Price Index (CPI) report, which noted that inflation rose 0.1% last month in March and 5% from a year ago. Annual inflation has dropped for nine consecutive months following the nine times the U.S. Federal Reserve raised the federal funds rate. U.S. Inflation Cools
Programming languages are important because they are the tools that developers use to create software, applications, and websites. Different programming languages have their own syntax, structure, and functionality, making them suited for specific tasks and projects. Learning and understanding programming languages is essential for developers to write efficient and effective code, as well as to
In the first quarter of 2023, the top municipal underwriters had $74.039 billion in 1,383 issues,, down from $97.270 billion in 2,301 transactions in 2022. BofA Securities maintained its position as the leader despite fewer transactions than in Q1 2022. The differences from year to year were minor shuffling among the top municipal underwriters, with