Argentina's top presidential contender, Javier Milei, known as an anarcho-capitalist, created turmoil in local financial markets and caused currency devaluation after his surprising victory in the Sunday primary. Adding...
On July 10, 2022, more than a thousand depositors had gathered in front of the nation's central bank's Zhengzhou branch to commence their biggest-ever protest. In response, China deployed tanks to prevent people from withdrawing money from crisis-hit banks.
While Silicon Valley Bank execs may have failed to hedge against interest rate risk, they did signal $73.45 million in virtue donating to Black Lives Matter and related entities, according to a database maintained by the Claremont Institute which lists nearly $83 billion in donations to the Marxist organization.
After the Chinese digital Yuan prototype garnered attention, the number of countries where central banks have issued digital currencies has increased.
Multimillionaire California Governor Gavin Newsom failed to disclose his ties to Silicon Valley Bank while lobbying the White House and the Treasury Department over a pending bailout, The Intercept reported on Tuesday.
According to new reports, Sergio Massa has promised that Argentina will stop printing money amid the current 60% inflation, which was caused by the Fernández administration's reliance on money printing to pay off the nation's escalating fiscal debt.
Credit Suisse shares fell five percent to an all-time low in early trading and in Europe on Tuesday after the bank confirmed material weaknesses and an $8billion loss in 2022, just hours after a financial expert claimed it would be the next institution to fall following SVB.
Jamaica, Bahamas and the Caribbean have all sunk their toes into the virtual currency market by launching the Central Bank Digital Currency. The country's CBDC is called the Jam-Dex and it carries with it a tagline as relaxed as the nation's reputation: "No cash, no problem".
India has made significant progress in its use of digital wallets and other payment solutions including NEFT, RTGS, and IMPS. So now, just what is RBI's digital rupee?
In the hours after Silicon Valley Bank collapsed on March 10, Pentagon officials who work directly with startups that develop national-security technologies grew increasingly concerned.