Tag: Finance & Economy
China, US to Set Up Contact Group for Cases of Financial Stress
China’s central bank said a meeting in Shanghai produced an agreement with the US Treasury to appoint contact people to deal with any future “financial[more...]
Trump Floats Paying Off $35T National Debt Using Bitcoin
The United States government is adding $1 trillion to the national debt approximately every 100 days, sparking fears of runaway inflation. Former President Donald Trump[more...]
China’s Bank Loan Gauge Contracts for First Time in 19 Years
China’s bank loans to the real economy contracted for the first time in 19 years, a grim milestone that underscores why weak domestic demand has[more...]
Iranian Banks Hit By Major Cyber Attack, One Of Largest In History
This incident comes at a time of heightened international scrutiny of Iran's actions in the region, with Iran announcing it will attack Israel unless a[more...]
$7.162 Trillion In Uninsured Deposits In US Banks As Customers Risk Zero Federal Government
Americans are holding a whopping $7.162 trillion in uninsured cash in their bank accounts, according to an under-the-radar report from the Federal Deposit Insurance Corporation[more...]
Japan’s Nikkei Slumps More Than 10 Percent In Worst Losses Since 1987
Japanese stocks have recorded their biggest losses since October 1987, extending last week’s sell-off spurred by concerns the United States’ economy may be weaker than[more...]
Bank Secrecy Act (BSA): Definition, Purpose, and Effects
What Is the Bank Secrecy Act (BSA)? Also known as the Currency and Foreign Transactions Reporting Act, the Bank Secrecy Act (BSA) is U.S. legislation created in[more...]
BRICS: Prepare for US Dollar Collapse
According to a Russian IMF representative, BRICS is ready to offer an alternative to the US Dollar amid the currency’s collapse, and the bloc must prepare for[more...]
US Marshals Partner With Coinbase For Crypto Management As Part Of A $32.5 Million Contract
The U.S. Marshals Service, which is a part of the Department of Justice, said it chose Coinbase Prime to provide custody and “advanced trading services”[more...]
Iran Central Bank To Launch Digital Currency
The Central Bank of Iran (CBI) says it is planning to introduce a digital currency (CBDC) to facilitate purchases for the clients of the banking[more...]
