US Banking System in Peril: FDIC Raises Alarm on Crypto Risks!
In 2023, the Federal Deposit Insurance Corporation (FDIC) unveiled their annual Risk Review. In the comprehensive report, the federal agency examined new and emerging threats to the stability and security of the US banking system. The most notable development is the new category of risks arising from the rapidly developing field of cryptocurrencies and their […]
South Korea’s Hana Bank Pioneers CBDC and Stablecoin Alternatives: A Banking Revolution!
KEB Hana Bank’s Collaboration with Bank of Korea on CBDC Project and Stablecoin Alternatives South Korea’s prominent financial institution, the KEB Hana Bank, is forming a strategic collaboration with the renowned Bank of Korea in pioneering the Central Bank Digital Currency (CBDC) Proof of Concept venture. They will be exploring alternate stablecoins and tokenized deposit […]
Experience Financial Growth: Bank of America Announces Exciting 9% Dividend Increase!
Introduction The Bank of America Corporation, often abbreviated as BAC, has recently made an announcement that could potentially be a game-changer for its investors. On Wednesday, BAC disclosed its plans to hike its dividend from the current 22 cents per share to 24 cents per share. The increase of approximately 9.09% would commence from the […]
“2-Month T-Bill Rate Plummets: Traders Tackle Banking & Debt-Ceiling Dilemmas – Unraveling the Aftermath!”
As traders assess the risks facing the US economy, the 2-month T-bill rate has experienced a significant decline, falling almost half a percentage point since the previous Thursday. By 11 a.m. Eastern time, the yield had dropped by 46.3 basis points, resulting in a 4.859% yield, according to Tradeweb. This downward trend reflected traders’ concerns […]
“Banking System Soars to New Heights: Recent Weeks Show Robust Stabilization!
US Treasury Secretary Janet Yellen announced on Friday that the US banking system has stabilized in recent weeks, following necessary government actions taken last month to manage the fallout from the failure of two regional banking institutions. Yellen addressed the Financial Stability Oversight Council Meeting, which is set to vote on two proposals: a framework […]