The Crypto Fear and Greed Index has hit its highest index score this year, reaching levels not seen since Bitcoin (BTC) posted its all-time high in November 2021. A March 20 update of the Index showed a score of 66, placing it firmly within the “Greed” territory. The Crypto Fear and Greed Index aims to
Jeremy Hunt, chancellor, was on Monday night urged by the opposition Labour party to tell MPs what he is doing in conjunction with the Bank of England to ensure the stability of the British banking system. Tulip Siddiq, shadow City minister, wrote to Hunt saying he had a duty to the public and the UK
Shares in First Republic tumbled again on Monday after its credit rating was cut for the second time in the space of a week, a decision that came following depositors pulling tens of billions of dollars from their accounts. The bank’s shares, which have fallen more than 80 per cent in March, were down 30
On Monday, about a week after the collapse of Signature Bank, the Federal Deposit Insurance Corporation (FDIC) announced that Flagstar Bank, a wholly owned subsidiary of New York Community Bancorp, acquired 40 former branches of Signature and its assets. Flagstar assumed nearly all of Signature’s deposits, except for $4 billion of deposits related to the
Cascade County, Montana, will price $250 million in green revenue bonds Tuesday for Montana Renewables, LLC. The county is the conduit issuer for the tax exempt solid waste disposal and sewage facilities revenue bonds, subject to the alternative minimum tax, that will be repaid by Montana Renewables, a company that converts waste products into transportation
After turning down several chances to legalize sports betting this year, Georgia lawmakers will face another vote on the matter before the end of the legislative session on March 29. The Senate Economic Development and Tourism Committee voted 8-1 on Thursday to amend an existing bill designating a local soapbox derby race as the state’s
The Virgin Islands Superior Court ruled the territory’s Senate has the power to alter the Water and Power Authority’s board of directors, a decision one municipal bond analyst called a credit positive. The court upheld a Senate bill requiring board members to have greater expertise in energy, technology, economics, and finance; reducing the number of
Municipals were steady Monday ahead of the Federal Open Market Committee meeting, while U.S. Treasury yields rose as investors considered the stability of the banking sector. Equities ended up. Triple-A benchmarks were little changed, no more than a basis point or two, while U.S. Treasury yields rose five to 12 basis points. The two-year muni-UST
With the crypto economy experiencing significant gains over the past week and the price of ethereum rising 11.9%, the market capitalization of Lido’s staked ether has increased to $10.3 billion. This recent increase has propelled the token’s overall market valuation to the ninth-largest position, according to the crypto market capitalization aggregation website coingecko.com. Lido Finance’s
The emergency call from the Swiss establishment came at 4pm on Thursday. Colm Kelleher, a rambunctious Irish banking executive who has been chair of UBS since last April, had been planning to celebrate St Patrick’s Day on Friday before watching Ireland play England at rugby on Saturday at a pub in Zurich. He was hoping
Global warming has already caused irreversible damage to the earth’s ecosystems and communities, according to a critical report just issued from the United Nations Intergovernmental Panel on Climate Change. The damage is extending to the U.S. housing market, which just saw unprecedented snow and flooding in California, as well as unusual winter tornados in the
The price of Bitcoin (BTC) surpassed $28,000 on March 21, but according to two derivatives metrics, traders aren’t very ecstatic after a 36% gain in eight days. Looking beyond Bitcoin’s stellar performance, there are reasons why investors are not fully confident in further price upside The recent rescue of Credit Suisse, a 167-year-old leading Swiss
A group of Washington lawmakers from New York and New Jersey have formed a caucus to force the Metropolitan Transportation Authority to hit the brakes on its first-in-the-nation congestion pricing plan. The governors of the neighboring states are also weighing in as the Biden administration decides whether to approve the plan. House Representatives Josh Gottheimer,
Tetra Images | Tetra Images | Getty Images The recent banking crisis has fueled concern of a “credit crunch” and the resulting negative impact on households, businesses and the U.S. economy. But what is a credit crunch and how might you prepare? Loans would be tougher to get related investing news Demand for Fed help
To paraphrase the former Bank of England governor Mervyn King, most banks are global in life but national in death. This is certainly true for Credit Suisse. After a weekend of intense negotiations, Swiss authorities brokered an emergency deal to sell the troubled 167-year-old institution to its more successful Swiss rival, UBS. A SFr50bn ($54bn)
Scott Melker, commonly known in the crypto space as “The Wolf of All Streets,” tells the story of how he went from performing very poorly trading stocks and mutual funds to becoming one of the most-followed crypto analysts in the industry. In the latest episode of Cointelegraph’s Crypto Stories, Melker narrates the tale of how
The American Rescue Plan Act’s “offset provision” may be tested in the nation’s highest court, after Ohio petitioned the Supreme Court to hear its case against Janet Yellen and the Department of Treasury’s provision that bars states from using federal relief funds to offset reductions in tax revenue. That’s the latest in the multi-state battle
The ongoing efforts in Congress to tweak the state and local tax deduction limit added a new chapter as Sen. Susan Collins, R-Maine, re-introduced the SALT Deduction Fairness Act last week, legislation which seeks to double the deduction to $20,000 for married filers. Currently the amount of state and local taxes that can be deducted by single
The takeover of the ailing Credit Suisse bank by UBS boosted European equity markets on March 20 but not everyone is happy with the deal. According to Swiss regulator FINMA, the value of additional tier one (AT1) bonds will be written to zero. This move will wipe out $17 billion worth of investments for AT1 bond
Having spent the first decade of my career working in a bank and then becoming a top-rated bank analyst*, I find that people often express surprise that I never invest in bank shares. But I think it is precisely because I understand banks that I never invest in their shares. Recent events surrounding the collapse of
For most people in Switzerland, the news that Credit Suisse was to be saved from collapse by local rival UBS was met with stunned disbelief. Even the financially tuned denizens of Paradeplatz, Zurich’s banking centre, had happily gone into the weekend with no clue that the lender — regarded as a national institution — was