Municipal bonds remain a viable, high-quality source of liquidity for banks, experts say, although they are divided about whether the collapse of two regional banks will curtail or eliminate the sector’s ownership of municipal bonds. Following the collapse of California-based Silicon Valley Bank on March 10 and New York-based Signature Bank on March 12, experts
UK chancellor Jeremy Hunt has said that the Bank of England should remain focused on taming “dangerously high” inflation, despite the strain placed on the global banking sector by rising interest rates. Data to be published on Wednesday is expected to show UK inflation at close to 10 per cent, and Hunt on Tuesday said
Businesses have been encouraged to pay more into their employees’ pension pots in a move to meet a shortfall in retirement savings. The Living Wage Foundation, a charity that campaigns for fair pay, launched a new “living pension employer” standard on Tuesday in a move to increase employer pension contributions from 3 per cent of
Bitcoin’s (BTC) price broke above the February 2023 highs of $25,200 after U.S. inflation data was in consensus with the market expectation. The potential fallout of the global banking system further promoted Bitcoin investment as a non-correlated global hedging instrument similar to gold in March. The correlation between gold and BTC has been rising since
The financial regulatory body of Belgium has been tasked by the government to regulate advertisements for cryptocurrencies. New rules, set to enter into force in May, oblige advertisers to clearly warn investors of the risks associated with the digital assets. Belgium Poised to Protect Consumers From Misleading Crypto Advertisements Belgium’s Financial Services and Markets Authority
Charter school revenue bonds issued for northern California-based Summit Public Schools were downgraded three notches to Ba3 from Baa3 by Moody’s Investors Service and their outlook was revised to negative from stable. The rating change affected $22.6 million in charter school revenue bonds sold by the Redwood City-based charter school system. “The downgrade to Ba3 reflects the
UBS is set to enter talks with Michael Klein to unwind a deal that would have seen the Wall Street dealmaker take control of much of Credit Suisse’s investment bank, according to people with direct knowledge of the matter. The negotiations, coming days after UBS was forced to buy its Swiss rival for $3.25bn, underline
With locations on nearly every continent, there’s no hotter international membership club right now than the Soho House. Founded in 1995, the brand has now expanded to include other venue types including a chic coworking and collaborative space called Soho Works, which was founded in London. Open to both members and non-members, the Los Angeles
sponsored Serving as a committee member of Alchemy Pay’s management and advisory board, and as Global Strategic Adviser to support Alchemy Pay’s expansion and growth in global markets, contributing actively to strategy, compliance and government relations. Alchemy Pay, Singapore based pioneer of the world’s first payment gateway solution to bridge the gap between fiat and
Wealth management is a product as emblematic of Switzerland as Toblerone. The chocolate is losing its emblem of the Matterhorn mountain as a result of offshoring. Swiss authorities do not want the branding of wealth management to weaken too. That is one reason they have pushed struggling Credit Suisse into a shotgun wedding with larger
The Swiss government has banned Credit Suisse from paying deferred bonuses awarded before 2022 in a move that has sparked more upset from staff at the failed bank. The federal finance ministry said on Tuesday it had imposed “remuneration-related measures” on Credit Suisse as a result of the use of taxpayer funds to facilitate its
Developers from the Arbitrum Foundation announced the launch of Arbitrum DAO and its native governance token, ARB, on March 16. Eligible users and developers will receive 12.75% of the token’s total supply of 10 billion on March 23, when the token will be deployed. Speculation around ARB began soon after the token launch announcement on
Bitcoin (BTC) headed to new nine-month highs after the March 21 Wall Street open as a crucial Federal Reserve interest rate decision loomed. Bitcoin price climbs despite conservative Fed view Data from Cointelegraph Markets Pro and TradingView showed BTC/USD approaching $28,500 on Bitstamp. The latest in a succession of multi-month highs, the latest BTC price
Illinois plans to sell up to $2.5 billion of general obligation debt before the fiscal year closes June 30 in its first primary market outing to benefit from upgrades that put two of its ratings in single-A territory. The state plans to sell up to $1.5 billion of new money and is eyeing another up
In this article TSLA FRC USB JPM FL UBSG-CH Follow your favorite stocksCREATE FREE ACCOUNT Image taken with a drone) A Tesla collision center is seen in this aerial view in Orlando. Paul Hennessy | Lightrocket | Getty Images Check out the companies making headlines in midday trading Tuesday. Tesla — Shares popped 5% after Moody’s
This week on The Market Report, our beloved host, Joe Hall, and insightful expert, Sam Bourgi, unfortunately, could not make it, but don’t worry because Marcel Pechman is here to discuss why he thinks Bitcoin’s (BTC) price is rising amid collapsing banks. We kick things off with this week’s first article: UBS Group agrees to
Existing home sales reversed a 12-month slide in February, registering the largest monthly percentage increase since July 2020, according to a recent survey by the National Association of Realtors. Month-over-month sales rose in all four major U.S. regions. All regions posted year-over-year declines. Total existing home sales – completed transactions that include single-family homes, townhomes,
Following the last two difficulty increases on the Bitcoin network, another rise in difficulty is expected to take place on March 24, 2023. Statistics show that Bitcoin’s hashrate has remained high despite the last two adjustments, and block times have been faster than the ten-minute average. Bitcoin Difficulty Expected to Rise Following the Past Two
The housing industry is facing some incredibly challenging times following its peak activity during the pandemic. Being able to adapt to the new normal, which doesn’t seem stable at all, is testing even the best leaders. At this year’s SXSW Conference, I attended two presentations on resiliency and leadership that both came to the same
Xrp rose to a two-month high on March 21, despite crypto markets mostly consolidating in today’s session. The token surged by as much as 12% on Tuesday, whilst the global market cap is trading 0.51% higher as of writing. Cardano was also in the green today. XRP, formerly ripple, was one of Tuesday’s biggest movers,
U.S. Federal Reserve Chair Jerome Powell addresses reporters after the Fed raised its target interest rate by a quarter of a percentage point, during a news conference at the Federal Reserve Building in Washington, February 1, 2023. Jonathan Ernst | Reuters The Federal Reserve is expected to raise interest rates Wednesday by a quarter point,