Russian Banks Set for Record Profits This Year, Central Bank, Rating Agency Say – Finance Bitcoin News
Bank of Russia raised its forecast for the profits of Russian banks in 2023, expecting results that may break the...
Finance
China Ramped Up Gold Production During Q1 Amidst Steady Demand From Central Banks – Finance Bitcoin News
Gold companies operating in China ramped up their production levels during the first quarter of 2023. According to industry reports,...
BRICS to Promote National Currencies Before Issuing Common One – Finance Bitcoin News
The BRICS bloc is now focused on expanding the use of the currencies of its members, according to the representative...
No Rate Hikes in Russia, Central Bank Keeps Interest Rate Level Again – Finance Bitcoin News
Bank of Russia decided to maintain the interest rate at 7.5% amid moderate inflation, estimated at 2.5% on an annual...
World’s Largest Regional Organization to Switch to Settlements in National Currencies – Finance Bitcoin News
A China-led regional organization that covers more than half of Eurasia intends to transition to settlements in the currencies of...
‘Not the Right Time to Stop’ Rate Hikes, ECB Chief Economist Says – Finance Bitcoin News
Current indicators suggest the European Central Bank (ECB) should raise the interest rate in May, the monetary authority’s chief economist...
BRICS Currencies to Have No Alternative, Former Russian President Medvedev Says – Finance Bitcoin News
Fiat currencies of BRICS member states will have no alternative in the future, according to former President of Russia Dmitry...
Treasury Secretary Yellen Says US Government Will Take ‘Any Steps Necessary’ to Preserve Its Financial Dominance – Finance Bitcoin News
According to U.S. Treasury Secretary Janet Yellen, the United States government is prepared to take the steps necessary to ensure...
Russia Developing Payment Gateways With Partners Like Turkey, Mulling Crypto Settlements – Finance Bitcoin News
Bank of Russia is building a system of gateways with foreign payment networks and is now working with Turkey in...
Hong Kong’s Largest Virtual Bank Offers Crypto Conversion Services – Finance Bitcoin News
ZA Bank, Hong Kong’s biggest virtual-only lender, intends to expand its business into the region’s growing digital assets sector. The...
Europeans to See More Interest Rate Hikes, Central Bank Governors Indicate – Finance Bitcoin News
Further rate hikes are warranted by persisting inflation in the eurozone, according to members of its monetary authority’s decision-making body....
Core Inflation on Upward Trend, Further Rate Hikes Expected, ECB Execs Say – Finance Bitcoin News
Amid underlying inflationary pressures, further interest rate increases may still be needed, members of the European Central Bank’s Governing Council...
‘It Will Be Spectacular, Capitulation Will Be Epic’ – Finance Bitcoin News
Peter Schiff, economist and known gold bug, believes that the current price uptick that gold is currently experiencing will extend...
Household Crypto Holdings Included in Bank of Russia’s Consumer Finance Survey – Finance Bitcoin News
The Central Bank of Russia has added crypto asset holdings of households to its survey of consumer finances. The statistics...
French Authorities Raid 5 Major Banks Over Accusations of Money Laundering and Fiscal Fraud – Finance Bitcoin News
On Tuesday, French officials conducted raids on five major banks located in and around Paris, including Societe Generale, BNP Paribas,...
Bitcoin Millionaire Tim Draper Advises Startups to Keep Bitcoin as a Hedge Against a ‘Domino’ Run on the Banks – Finance Bitcoin News
Tim Draper, a venture capitalist and bitcoin millionaire, has included bitcoin as part of a series of cash management recommendations...
Shares of Deutsche Bank, Other Euro Lenders Tumble – Finance Bitcoin News
Deutsche Bank shares plunged on Friday, along with the stocks of other European banks, amid investor concerns over the stability...
Yellen Says US Could Back All Deposits at Smaller Banks if Needed to Prevent Contagion – Finance Bitcoin News
U.S. Treasury Secretary Janet Yellen says the federal government could guarantee all deposits of smaller banks if they “suffer deposit...
US Lawmaker Urges Government to Guarantee All Deposits to Avoid Runs on Smaller Banks – Finance Bitcoin News
A U.S. congressman has urged the federal government to temporarily insure every bank deposit in the country. Following the collapses...
Russian Parliament Votes on Bill Opening Door for Digital Ruble – Finance Bitcoin News
Russian lawmakers have approved a draft law facilitating the implementation of the digital version of the national currency, the ruble....
European Commissioner Says Impact of SVB Collapse ‘Limited’ as Credit Suisse Drags Down Banking Stocks – Finance Bitcoin News
Silicon Valley Bank’s (SVB) collapse has had a “limited impact” on the European Union but authorities must still “stay alert”...
Signature Bank Closure Has Nothing to Do With Crypto, Says Regulator – Finance Bitcoin News
The decision to close down Signature Bank had “nothing to do with crypto,” said the New York State Department of...
