Using data from the Federal Reserve, the assets and liabilities of US banks have been visualized below.
The U.S. banking sector has more than 4,000 FDIC-insured banks that play a crucial role in the...
Indians living abroad sent back $87 billion last year, the most amount of any country the World Bank has been keeping track of. With such a huge sum on the line, India is planning an alternative to SWIFT banking system whichis prone to US sanctions.
In 2021, China derived 43% of its GDP from investment, which is twice as much as the US and other Western countries. If China shifts some of its GDP to consumption, it could reduce its trade surplus...
China is kicking America's ass in the EV battery race, which is causing significant damage to the domestic battery sector. This trend will likely result in companies like GM and Ford losing their international status. It's going...
As financial panic spreads, regulators temporarily suspended trading in shares of two US banks - Los Angeles-based PacWest and Arizona's Western Alliance - after their prices fell dramatically.
Two more US regional banks saw...
As a result of the growth of the ruble by 11% against the US dollar since the beginning of the year, Bloomberg has named it the world’s best-performing currency.
Antigua's ambassador to the US, Sir Ronald Sanders, disclosed that former Google CEO Eric Schmidt has purchased a seized superyacht previously owned by a Russian oligarch at an auction.
The Alfa Nero was...
The BRICS countries have been pursuing a wide range of initiatives to decrease their dependence on the dollar, raising the question of how long the dollar will last as the world's default currency.
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.
An Indian antitrust investigation into the Bearings Cartel has found that units of Tata Steel, Sweden's SKF and Germany's Schaeffler colluded on the pricing of bearings to pass higher raw material costs onto customers in the auto sector; opening...
