credit suisse

Paribus. The Fragility of Finance.

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Time Stamp: March 25, 2023 7:30 AM - Modified On: March 25, 2023 - Published By:
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Republished By Plato

Despite a lot of turbulence in the markets this week the Federal Open Market Committee (FOMC) did exactly what was predicted. Jerome Powell carefully adjusted his language and reframed the narrative around his 25 basis point rate hike to try and calm the markets he had helped to damage. His forward guidance was only to expect further rate increases if inflation spirals out of control. He avoided taking any responsibility for the recent bank failures, claiming instead that the sector was stable and robust. In reality, the global financial system

Too Big to Fail?

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Time Stamp: October 7, 2022 2:22 AM - Modified On: October 7, 2022 - Published By:
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Several weeks ago we covered Credit Suisse in some of our articles about risk management and regulations. This week they’ve been in the news again for all the wrong reasons, which may have an impact on the crypto market. Once the darling of Wall Street, Credit Suisse is rapidly turning into its nemesis. Following several multi-million dollar fines, they’ve lurched from one scandal to another. In September 2021 the UK’s Financial Conduct Authority issued a statement saying, “The Financial Conduct Authority has fined Credit Suisse over £147 million for serious

‘Capital Flight out of Asia Is Taking Bitcoin Express’ Says Max Keiser

Source Node: https://cointelegraph.com/news/capital-flight-out-of-asia-is-taking-bitcoin-express-says-max-keiser
Time Stamp: August 10, 2020 6:45 AM - Modified On: May 21, 2021 - Published By:
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Capital flight out of Asia is one of major reasons for Bitcoin (BTC) hitting new 2020 highs in August, a major Bitcoin advocate believes.Max Keiser, a famous American broadcaster and known Bitcoin bull, is confident that rising tensions in Asia are one of factors for Bitcoin’s rally up to $12,000.“You can’t take it with you, unless it’s Bitcoin”In an Aug. 10 tweet, Keiser argued that Bitcoin is a solid method to move big amounts of money abroad while crossing borders. According to Keiser, a number of people in Asia are

Blockchain Traceability Overtakes Payments Among Major Corporations

Source Node: https://cointelegraph.com/news/blockchain-traceability-overtakes-payments-among-major-corporations
Time Stamp: April 8, 2020 3:06 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Multi-billion dollar companies are more likely to use blockchain for traceability and provenance than for payments and settlement, according to a new analysis of the Forbes Blockchain 50.The now annual Blockchain 50 list was published in late February and includes fifty of the biggest brands in the world who are using blockchain, each with annual revenue in excess of $1 billion in annual revenue. Research from Dutch firm Blockdata, which incorporated its own data in the analysis, found that fifteen have solutions that tackle traceability and provenance, while 13 are using