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Circle's Funds Could Be In Jeopardy As California Regulators Close Silicon Valley Bank
Friday, March 10, 2023 - 5:42pm | 446Read More...Circle (CRYPTO: USDC) deposited an unknown sum of cash in the now-defunct Silicon Valley Bank (NASDAQ: SIVB), which was one of the U.S.-regulated financial institutions responsible for holding the platform's reserves, as per a USDC Reserve Report. The report stated Circle had listed SVB, along...
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The Downturn Is Forcing Bankers To Do More With Less… Can AI Pick-up Some Of The Slack?
Monday, November 28, 2022 - 4:30pm | 781Read More...By Jim McVeigh, founder and CEO, Cyndx With rising interest rates and an increasingly difficult economic environment, more and more companies are experiencing layoffs. The banking sector is no different with layoffs continuing to be announced at some of Wall Street’s biggest banks. At the...
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What Dividend Stocks Did This Finance-Focused Congressman Buy?
Tuesday, November 1, 2022 - 9:24am | 599Read More...U.S. Rep. Trey Hollingsworth (R-IN) has made more than 90 trades in the last three years. Since 2017, Hollingsworth has been a representative for Indiana's 9th Congressional District. During that time, he has been a member of the House Financial Services Committee, which...
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Turbulence Ahead: Banking Sector Might See Interest Rates Slow EPS Growth
Monday, July 1, 2019 - 11:47am | 1722Read More...It doesn’t happen a lot, but sometimes an industry telegraphs a rough earnings season ahead. Arguably, we’re seeing that lately with the Financial sector, which continues to see fundamentals work against it in many ways heading into Q2 reporting time. Banks face a slowing economy...
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How Banking Challenges Impede The Growth Of The Cannabis Industry Today
Tuesday, May 14, 2019 - 10:07am | 550Read More...With recreational cannabis now legal in Canada and many U.S. states, 2019 seems poised to become a turning point for the industry. However, within U.S. borders, one thing still limits growth: Cannabis companies’ lack of access to banking and financial services. Until legislation like the SAFE...
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Can Bitcoin Resolve Central Bank Woes?
Tuesday, May 10, 2016 - 2:44pm | 476Read More...Would the adoption of digital currency, such as Bitcoin, solve central banks' problems? Probably not, said Bloomberg View columnist Leonid Bershidsky. Central banks are mulling to get paper currency out of people's hands due to money laundering issues and negative rates. Bershidsky recalled that in...
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Evidence of Tensions in The Banking Sector
Thursday, August 18, 2011 - 8:53am | 1280Read More...EUR/USD The Euro initially dipped sharply to lows below 1.4350 against the dollar on Wednesday with the currency undermined by sharp losses against the Swiss franc as there was no move to introduce a franc peg. The Euro regained ground strongly and pushed to a high just above 1.45 as the dollar...
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Watch The Big Banks (XLF) For Direction
Wednesday, June 23, 2010 - 6:50pm | 169Read More...If you want to know when a recovery is coming, keep your eyes on the big banks (XLF) over the next few months. The market is looking for leadership and the banking sector needs to provide it. Banks led us into this economic downfall and banks need to lead us out. Banks are a great barometer of how...
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Banks (XLF) Are Coming Up With New Fees
Sunday, June 20, 2010 - 3:47am | 138Read More...Just when it seemed like the consumer would get a break, banks have come up with new fees to hit consumers with. After the passage of the CARD Act, customers now have to opt into overdraft protection which means that banks will lose billions in revenue. It's estimated that Bank of America (BAC)...
