US banking system
-
The Structure and Management of USDC Reserve: Everything You Need to Know
On March 29th, Circle disclosed in a blog post \”the structure and management method of the USDC reserve.\”. According to the article, about 80% of the USDC reserves are short-term U
-
Cathie Wood: The Federal Reserve is the “culprit” in the bankruptcy of Silicon Valley banks and Signature
According to reports, Cathie Wood, founder of ARK Invest, stated on Twitter that cryptocurrency had not led to the bankruptcy of Silicon Valley banks and Signature, and that the “culprit” was the Federal Reserve. Due to the shortage of venture capital funds and the high yield of money market funds, deposits have left the US banking system. Cathie Wood believes that regulators use cryptocurrency as a scapegoat for their regulatory failures in traditional banking. Interpretation of this information: Cathie Wood, the founder of ARK Invest, recently made a statement on…
-
Federal Reserve Governor Brown: The Federal Reserve is not expected to raise interest rates at its meetings on March 21 and 22
According to reports, Federal Reserve Governor Michelle Bowman made a speech following the market volatility caused by the Silicon Valley Bank (SVB) incident, refuting claims that the US banking system is facing challenges, saying that the US banking system remains “resilient and grounded.”. At the same time, Sherrod Brown, chairman of the Senate Banking Committee, also mentioned in an interview with Bloomberg that the United States Congress would enact financial regulations to strengthen stress testing and capital liquidity standards for banks. The policy maker added that the prospects for such…
-
Former US Treasury official: The Federal Reserve will have to stop its high interest rate policy
It is reported that the former Assistant Secretary of the Treasury of the Federal Reserve said that the Federal Reserve would have to stop its high interest rate policy because it was destroying the balance sheet of the financial sector. The US banking system is not safe because the risk exposure of its five largest banks is twice the global GDP. Due to the global interconnection, the US banking crisis will spread abroad. Interpretation of this information: The former Assistant Secretary of the Treasury of the Federal Reserve expressed his…
-
US Treasury Secretary Yellen: Regulators are formulating policies to solve the banking incident in Silicon Valley
According to reports, US Treasury Secretary Yellen said that any bank failure would constitute “obvious concern”. The US banking system is safe, capital is sufficient and resilient. Regulators are formulating policies to address the banking incident in Silicon Valley. Try to solve the current problem “in time”, but we can’t provide more details at present. Make sure that the problems of one bank will not spread to other banks. However, Yellen said that of course, he would not repeat the past rescue of banks. The problem of the technology industry…
