LONDON, Nov 21 (Reuters) – The implosion of cryptocurrency exchange FTX shows the need to bring the crypto world into the regulatory framework, the Deputy Governor of the Bank of England said on Monday. Jon Cunliffe. FTX, which filed for protection in the US bankruptcy court, said it owed its 50 biggest creditors nearly $3.1 …
FTX Collapse Shows Need for Crypto Regulation, Says Bank of England Read More »
Nov 18 (Reuters) – The way the banking system manages its cash suggests the financial system may not be as bountiful as many now believe, and that could have implications for how the Federal Reserve manages the size of its balance sheet, a document from the Federal Reserve Bank of New York announced on Friday. …
NY Fed: Bank liquidity could be tighter than expected, with policy implications Read More »
Reimbursement much lower than expected The key money market rate drops after the announcement Moving seen as a first step towards the unwinding of obligations FRANKFURT, Nov 18 (Reuters) – Eurozone banks are expected to repay nearly 300 billion euros ($310 billion) in loans to the European Central Bank next week, the ECB said on …
ECB begins major cash clean-up as banks repay 296 billion euros in loans Read More »
Nov 17 (Reuters) – The founder of collapsed crypto exchange FTX, Sam Bankman-Fried, said he regretted his decision to file for bankruptcy and, in an interview published by Vox, criticized regulators. Bankman-Fried later said on Twitter that the basis of the interview, an exchange of messages on the same platform, was not meant to be …
Bankman-Fried says FTX filing for bankruptcy was a mistake – Vox Read More »
LONDON, Nov 8 (Reuters) – European Union member states have backed a temporary easing and two-year postponement until 2025 for the final stage of the global Basel III rules on bank capital, despite the warning from the ECB, they risked “breaking the dike” that protects stability. EU states will now negotiate a final deal with …
EU eases bank capital rules as ECB warns of ‘breaking’ stability Read More »
Regulators warn of weakening ‘minimum safety net’ EU states and lawmakers expected to approve looser rules Britain and the United States have yet to submit proposals Banks say tougher capital rules could hamper lending FRANKFURT/LONDON, Nov 4 (Reuters) – The European Union could breach international banking standards designed to prevent a repeat of the global …
EU could breach global banking rules, regulators warn Read More »
Nov 1 (Reuters) – After months of tears and tantrums, bitcoin wants to break away from stock markets. The cryptocurrency, which has been closely correlated to tech stocks for much of its torrid 2022, is staging one of its biggest efforts yet to break loose. Its 30-day correlation with the Nasdaq (.IXIC) slipped to 0.26 …
Cryptoverse: Bitcoin wants to break its link with stocks Read More »
Oct 25 (Reuters) – As a developed country, you know your currency is in trouble when investors start hedging with bitcoin. After brief British Prime Minister Liz Truss unveiled her mini-budget on September 23, filling financial markets with dread, a section of investors moved away from the pound and into cryptocurrency. Trading volumes between bitcoin …
Cryptoverse: The British Pound Fiasco Boosts the Appeal of Bitcoin Hedging Read More »
NEW YORK, Oct 22 (Reuters) – Nasdaq Inc (NDAQ.O) has stalled preparations for the initial public offering (IPO) of at least four smaller Chinese companies as it investigates short-lived stock market rallies from these companies after they debut, according to the lawyers and bankers who work on these stock launches. The stock trader’s actions come …
Nasdaq halts IPOs of smaller Chinese companies as it investigates stock market rallies Read More »
NEW YORK, Oct 20 (Reuters) – As the Federal Reserve continues its aggressive rate hikes to curb soaring inflation, it could unwittingly break something in the financial sector, a risk it may not be thinking about enough, said a former senior government official. . Citing the recent severe market turmoil to hit the UK, Sarah …
Former Fed chief regulatory nominee worries about rising market risks Read More »
