IMF says risks to financial stability have increased and to remain vigilant International Monetary Fund chief Kristalina Georgieva said on Sunday that, ‘risks to financial stability have increased and called for continued vigilance although actions by advanced economies have calmed market stress’. Challenge The IMF managing director is reported to
Deutsche Bank’s U.S. listed shares fell 10% in pre-market trading. European stocks came under pro-longed pressure Friday morning as banking sector woes fail to disperse. The DAX and FTSE 100 indices each fall by more than 2% in early morning trade. Central Banks Investors have been assessing the global central
Coinbase warning The U.S. Security & Exchange Commission – (SEC), issued the crypto exchange Coinbase with a ‘Wells’ notice, warning the exchange that it identified potential violations of U.S. securities law. A ‘Wells’ notice is one of the final steps taken before the SEC formally issues charges. It lays out
Accusations It is widely reported that the SEC (Securities & Exchanges Commission) – accuses Ripple, CEO Brad Garlinghouse and co-founder Chris Larsen of breaching U.S. securities laws by selling XRP without first registering it with the regulator. Ripple contests the SEC’s allegations, maintaining the view that XRP should be considered
Shifting Rate Expectations Traders and investors alike are rapidly shifting their expectations over the Federal Reserve’s next move amid the crisis of confidence sweeping U.S. banks. Market pricing appears to be suggesting a significant chance the central bank will not make a change to interest rates in March 2023. Rate
SVB Collapse Reverberates Across Markets U.S. authorities took emergency action over the weekend to shore up the banking system after Silicon Valley Bank (SVB) and Signature Bank collapsed. Businesses and people who have money deposited with SVB would now be able to access their money from Monday, the government said.