Jim Richards, an experienced economist in the banking sector, has warned against implementing a social credit system in the United States that relies on the central digital currency (CBDC). He explained that such a system would enable the government to leverage the available data...

Billionaire Mark Cuban defends cryptocurrencies and criticizes John Reed Stark, a former official at the Securities and Exchange Commission (SEC). Cuban points out the inconsistency in Stark's criticism of collective thinking in the world of cryptocurrencies and asserts that it helped save depositors when...

Gold bug and economist Peter Schiff has expressed concerns about the U.S. banking system, claiming that the Federal Reserve has destroyed it. Schiff argues that the system is insolvent and would collapse without government assistance. He points to low interest rates on savings and checking...

The Federal Reserve has announced a 25 basis point increase in the interest rate. The move is part of its strategy to achieve balance in economic growth and inflation control. The Federal Reserve has cautioned against the possibility of economic slowdown in the near future,...

Concerns have arisen among the public following the collapse of the First Republic Bank in the United States, which is the first of its kind during the COVID-19 pandemic. However, President Joe Biden reassured the public that the banking system is stable, and that...

The banking sector in the United States continues to face significant difficulties, with many banks experiencing a decline in profits and an increase in losses, which has had a significant impact on stock prices in the market. In this regard, First Republic Bank has experienced...