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Crypto firm Tether says it has around $1.6 billion in excess reserves to back its USDT stablecoin
Paolo Ardoino, Tether’s chief technology officer, said the company estimates that the excess reserve will increase by $700 million in…
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CNBC Daily Open: Janet Yellen changed the mood — again
U.S. Secretary of the Treasury Janet Yellen testifies before a subcommittee on March 23, 2023 in Washington, DC. Alex Wong…
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The Swiss claim the U.S. banking crisis ultimately toppled Credit Suisse. But are they right?
Axel Lehmann, chairman of Credit Suisse Group AG, Colm Kelleher, chairman of UBS Group AG, Karin Keller-Sutter, Switzerland’s finance minister,…
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China is a ‘relative safe haven’ in the face of global banking stress, Citi economists say
Aerial view of shipping containers sitting stacked at Yangshan Deepwater Port, the world’s biggest automated container terminal, on May 21,…
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CNBC Daily Open: Yellen changed the mood — again
U.S. Secretary of the Treasury Janet Yellen testifies during a hearing before a House subcommittee in Washington, DC. Alex Wong…
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Got gold? Biggest gold ETF attracts investors as the ‘safe haven’ yellow metal shines
Hello! This week’s ETF Wrap shines the light on gold ETFs, which are outperforming the S&P 500 so far this…
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Will the banking crisis cause a recession? It may depend on the ‘wealth effect,’ economist says
When it comes to the U.S. economy, confidence is key. But the banking crisis has threatened to upset how most…
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European lawmakers are quietly miffed at U.S. regulators over SVB’s collapse
Chair of the ECB Supervisory Board Andrea Enria and Chairperson of the European Banking Authority (EBA) Jose Manuel Campa in…
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CNBC Daily Open: Jerome Powell flipped the script
Federal Reserve Board Chairman Jerome Powell holds a news conference following a Federal Open Market Committee meeting at the Federal…
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CNBC Daily Open: Powell flipped the script
Jerome Powell, chairman of the US Federal Reserve, exits following a news conference following a Federal Open Market Committee (FOMC)…
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