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Economist Editorial Claims 2024 Recession Is Inevitable—Is America Ready?

Economist Editorial Claims 2024 Recession Is Inevitable—Is America Ready?A U.S. recession in 2024 appears to be on the horizon, according to a recent editorial piece by the Economist. The article surfaces as warnings of an economic downturn grow louder, with the author asserting that “there is no escaping the squeeze ahead for America’s economy.” Economist Article Predicts 2024 Recession as Media Hypes Economic […]

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Macroeconomics Expert Predicts Hard Landing for US Economy

Macroeconomics Expert Predicts Hard Landing for US EconomyDespite recent positive economic indicators, investor and macroeconomics expert George Gammon foresees a hard landing for the U.S. economy. In an interview with Michelle Makori of Kitco News, Gammon pointed to several warning signs in the banking sector and the broader financial landscape. Banks See Economic Storm Clouds Ahead: George Gammon’s Warning Gammon explains that […]

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Banking Sector Poses Highest Money Laundering Risk, Singapore’s Central Bank Says

Banking Sector Poses Highest Money Laundering Risk, Singapore’s Central Bank SaysAccording to the Money Laundering Risk Assessment Report by Singapore’s central bank, the banking sector is identified as the highest money laundering risk to the country. The report also highlights risks related to digital assets and cryptocurrencies. To mitigate these risks, the Monetary Authority of Singapore (MAS) has implemented stringent regulatory measures under the Payment […]

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Ethiopia Approves CBDC Launch Draft Proclamation

Ethiopia Approves CBDC Launch Draft ProclamationThe Ethiopian Council of Ministers recently approved a draft proclamation that paves the way for the launch of a central bank digital currency (CBDC). The National Bank of Ethiopia (NBE) stated that the draft considers rapid technological advancements and draws from the experiences of fellow central banks. Proclamation Grants Ethiopian Central Bank Authority to Launch […]

Solana ETF Momentum Grows Amid Reports of SEC Engagement

JPMorgan Chase Captures 18% of US Bank Profits, Highlighting Growing Market Dominance

JPMorgan Chase Captures 18% of US Bank Profits, Highlighting Growing Market DominanceA report has found that JPMorgan Chase Bank accounted for a substantial 18% share, or $11.7 billion, of the total $64.2 billion net income reported by all FDIC-insured banks for the first quarter of 2024. This data, highlighted by financial reporters Pam Martens and Russ Martens from wallstreetonparade.com, underscores the increasing concentration of profits within […]

Solana ETF Momentum Grows Amid Reports of SEC Engagement

US Government in Talks to Rescue Struggling First Republic Bank, Sources Say

US Government in Talks to Rescue Struggling First Republic Bank, Sources SaySources have revealed that U.S. government officials are in talks to rescue First Republic Bank, a struggling financial institution. The discussions involve the U.S. Treasury, the Federal Deposit Insurance Corporation (FDIC), and the Federal Reserve, according to reports on Friday. Private-Sector Deal Preferred as U.S. Government Officials Discuss First Republic Bank Rescue Efforts Market observers […]

Solana ETF Momentum Grows Amid Reports of SEC Engagement

‘Dr. Doom’ Nouriel Roubini Warns of Looming Banking Crisis and Trilemma for Central Banks

‘Dr. Doom’ Nouriel Roubini Warns of Looming Banking Crisis and Trilemma for Central BanksEconomist Nouriel Roubini has shared his opinion about bank problems in the United States in a recently published opinion editorial. In the article, Roubini insists that “most U.S. banks are technically near insolvency, and hundreds are already fully insolvent.” Roubini: ‘Liquidity Support Cannot Prevent This Systemic Doom Loop’ The renowned economist Nouriel Roubini, also known […]

Solana ETF Momentum Grows Amid Reports of SEC Engagement

UK Treasury Budget Discusses Separate Reporting of Crypto Assets in Tax Documents

UK Treasury Budget Discusses Separate Reporting of Crypto Assets in Tax DocumentsTaxpayers in the United Kingdom will have to report cryptocurrency assets separately in their tax documents for the tax year 2024-25, according to the Exchequer’s recently published spring 2023 budget. New Criminal Offenses Planned by U.K. Government to Combat Tax Avoidance Amid the chaos in the banking sector following the collapse of Silicon Valley Bank’s […]

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Russians to Pay Fees on Digital Ruble Transactions, Central Bank Says

Russians to Pay Fees on Digital Ruble Transactions, Central Bank SaysUsers of Russia’s central bank digital currency are going to pay a fee for each transaction, a high-ranking representative of Bank of Russia has recently announced. The digital ruble charge, however, is not going to exceed those currently applied to fast payments in the country. Bank of Russia to Charge for Digital Ruble Transfers The […]

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Biggest Layoffs in US Banking History: Analyst Predicts Banks to Cut 200,000 Jobs

Biggest Layoffs in US Banking History: Analyst Predicts Banks to Cut 200,000 JobsA Wells Fargo analyst has predicted the largest “reduction in U.S. bank headcount in history.” Banks are expected to cut 200,000 jobs as they strive to improve productivity and efficiency amid rising competition from fintech and non-bank financial institutions. US Banking Sector to Experience Biggest Headcount Reduction An analyst with Wells Fargo, Mike Mayo, has […]

Solana ETF Momentum Grows Amid Reports of SEC Engagement