Banks and funds stash record $2t overnight at Fed facility
The figures disclosed by the Federal Reserve Bank of New York marked the first time more than $2t had been tucked away in the Fed’s...
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Banks turn to blockchain in search for high-quality trading assets
BNP Paribas has joined JPMorgan in using digital tokens for short-term trading in fixed-income markets as some of the world’s biggest...
Swedish fintech Klarna to cut 10% of workforce
CEO Sebastian Siemiatkowski told Klarna’s more than 7,000 employees globally it was the “hardest” announcement the Swedish bank had made....
How a Trash-Talking Crypto Founder Caused a $40 Billion Crash
Do Kwon, a South Korean entrepreneur, hyped the Luna and TerraUSD cryptocurrencies he created. Their failures have devastated some...
Amateur Investors Rode the Bull Up. Now the Bear Looms.
Many of the estimated 20 million amateurs who started trading in the past two years - whether bored sports bettors or meme-stock...
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