Billionaire Bill Ackman on US Banking Crisis: ‘I Fear We Are Heading for a Train Wreck’

Billionaire Bill Ackman on US Banking Crisis: 'I Fear We Are Heading for a Train Wreck'Billionaire Bill Ackman has warned that the U.S. economy is “heading for a train wreck” if the government allows the current banking crisis to continue. “Trust and confidence are earned over many years, but can be wiped out in a few days,” he said. “Hopefully, our regulators will get this right.” Bill Ackman’s Warning Billionaire […]

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Midsize US Banks Ask Regulators to Extend FDIC Insurance to All Deposits for 2 Years Before Another Bank Fails

Midsize US Banks Ask FDIC to Insure All Deposits for 2 Years Before Another Bank FailsThe Mid-Size Bank Coalition of America has asked federal regulators to extend FDIC insurance to cover all deposits for the next two years. “Doing so will immediately halt the exodus of deposits from smaller banks, stabilize the banking sector and greatly reduce chances of more bank failures,” the group claimed. “It is imperative we restore […]

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Fed Officials Ponder Funding Hedge Funds and Private Brokers Directly

Fed Officials Ponder Funding Hedge Funds and Private Brokers DirectlyOn January 13, the New York Federal Reserve gave $60.7 billion to eligible private financial institutions by leveraging U.S. Treasurys and agency securities. With all the stimulus given to financial institutions since September, it hasn’t relieved the stress of economic uncertainty. Now the Fed is pondering giving money directly to hedge funds and private brokers […]

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Bitcoin in Brief Thursday: Main Street Adopts Bitcoin Ahead of Wall Street

Bitcoin in Brief Thursday: Main Street Adopts Bitcoin Ahead of Wall StreetIn today’s edition of Bitcoin in Brief we feature stories that show how fast and nimble banks that support cryptocurrency-based businesses are benefiting at the expense of the larger players that have yet to enter the market, how more financial institutions want to join and how crypto ventures are making it easier for them. Also […]

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