(Bloomberg) — The silver market faces mounting stress as trade-war concerns intensify, with higher rates to borrow metal adding to signs of global dislocation. Most Read from Bloomberg A surge in lease rates for the precious metal has become the …
Crypto ETPs Face $1.7 Billion in Outflows as Bitcoin Products See Continued Decline for Fifth Consecutive Week
Crypto ETPs Face $1.7 Billion in Outflows as Bitcoin Products See Continued Decline for Fifth Consecutive Week Crypto exchange-traded products (ETPs) saw significant outflows last week, with $1.7 billion withdrawn, continuing a streak of negative flows for the fifth consecutive …
Trump Taps Michelle Bowman to Be Fed’s Top Bank Cop
(Bloomberg) — President Donald Trump picked Federal Reserve Governor Michelle Bowman to serve as the central bank’s vice chair for supervision, a move cheered by Wall Street banks and smaller lenders who expect she’ll be friendlier to the industry. Most …
SmartBiz Is First Fintech to Become Bank Under Donald Trump
(Bloomberg) — SmartBiz became the first financial-technology firm to receive regulatory approval to be a bank since President Donald Trump took office in January, a regulatory signal that other fintechs could also get the green light to cement their footholds …
Asian shares mostly rise, cheered by another Wall Street rally
TOKYO (AP) — Asian shares mostly rose Tuesday as investors were encouraged by another rally on Wall Street. Japan’s benchmark Nikkei 225 gained 1.2% to finish at 37,845.42. The Bank of Japan was expected to keep its benchmark interest rate …
Australian bank CEOs say Trump ‘tariff madness’ may drive up global inflation
By Christine Chen and Byron Kaye SYDNEY (Reuters) -A trade war sparked by U.S. President Donald Trump’s tariffs may drive up global inflation, stoke market volatility and slow economic growth, the CEOs of two top Australian banks said on Tuesday, …