Shark Tank’s Kevin O’Leary says the US banking system is set for a period of major consolidation after a loss of confidence in the financial sector. In a new Fox News interview, the venture capitalist says the number of regional banks in the US will likely drop by half in the coming years. “We have […]
The post $100 Billion Exits US Banking System in Three Months As Kevin O’Leary Warns People Are ‘Very Nervous About Putting Their Money in the Bank’ appeared first on The Daily Hodl.
At around 7:30 a.m. ET, the price of bitcoin skyrocketed past the $27,000 range to a high of $27,025 per unit. Precious metals, or PMs, like gold and silver, also rose between 1.98% and 2.12% against the U.S. dollar over the past day. While many market observers are wondering why specific assets like PMs and […]
The Federal Reserve’s vice chairman of supervision and the chair of the Financial Stability Board (FSB), Randal K. Quarles, doubts the benefits of the digital dollar but says it “could pose significant and concrete risks” to the U.S. banking system. Fed Vice Chair Speptical About Digital Dollar Federal Reserve Vice Chair of Supervision Randal Quarles […]