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Davos Crypto Panel Backs CBDCs, Rejects Dogecoin; Ripple CEO Says 'I Don't Get It'
Thursday, January 18, 2024 - 3:07pm | 644A panel at the World Economic Forum (WEF) meeting in Davos, Switzerland titled "Clear-Eyed About Crypto" agreed the cryptocurrency industry needs further regulatory clarity. The panel also struck an optimistic tone but rejected the appeal of meme coins like Dogecoin (CRYPTO: DOGE). When...
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Congressman Questions SEC Chair Gary Gensler On 'Harassment Toward Digital Asset Innovation'
Wednesday, September 27, 2023 - 5:11pm | 579Congressman Tom Emmer (R-MN) criticized Securities and Exchange Commission (SEC) Chair Gary Gensler on Wednesday, suggesting that Gensler's approach to regulation is biased in favor of large financial institutions and detrimental to innovation. The world of digital assets and their...
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Binance And Coinbase Scramble To Halt USDC Conversions Amid Silicon Valley Bank Chaos
Saturday, March 11, 2023 - 11:10am | 646Cryptocurrency exchanges Binance (CRYPTO: BNB) and Coinbase Global Inc (NASDAQ: COIN), two of the top cryptocurrency exchanges, announced temporary suspensions of USD Coin (CRYPTO: USDC) conversions due to concerns about the fallout from the collapse of Silicon Valley Bank, a subsidiary of SVB...
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Are Financial Stocks Running Out Of Steam?
Friday, December 9, 2016 - 11:41am | 288Eric Wasserstrom of Guggenheim Securities was a guest on CNBC's "Squawk Box" on Friday to offer his take on financial stocks. The Trump Effect At Play? Financial stocks have been a big winner throughout 2016, but Wasserstrom thinks the group is starting to run out of steam. Investors have been...
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S&P Takes the Axe To Banks; Shares Drop (CS, DB, BCS)
Wednesday, July 3, 2013 - 8:26am | 651S&P cut the debt ratings of three of Europe's largest banks late Tuesday as new rules and "uncertain market conditions" threaten business across the continent. Barclays (NYSE: BCS), Credit Suisse (NYSE: CS), and Deutsche Bank (NYSE: DB) all had their credit ratings cut one notch. Downgrades...
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High-Quality Bank Stocks Are An Opportunity, Said Wunderlich
Friday, September 3, 2010 - 11:02am | 114Wunderlich Securities believes that high-quality bank stocks are well priced and are providing an opportunity for investors after a summer of selloffs, according to a report released Friday morning. It said that after a series of uncertain events, such as the European debt crisis, the Gulf oil...
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President Obama Signs FinReg Bill
Wednesday, July 21, 2010 - 11:44am | 131President Obama has just signed the financial regulation bill into law, which is the most sweeping financial regulatory overhaul since the Great Depression. "These reforms represent the strongest consumer financial protections in history," Obama will say, according to an advance excerpt of his...
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Commercial Real Estate Week In Review
Saturday, May 29, 2010 - 6:00am | 1788Commercial Real Estate Week in Review-Week of May 23-29. -What’s in the Senate Banking Bill? Read the full text here, and summaries here. -Healthcare REITs get upgraded rating. Time to buy in? -Welsh Property Trust’s new projection for their IPO is 17.5M shares at $19-21 per share...