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S&P Global downgrades outlooks on five regional US banks to 'negative': Ratings agency S&P Global on Tuesday downgraded five regional U.S. banks to due to their ...
reuters.com/business/finance/sp-global-downgrades-outlooks-five-regional-us-banks-negative-2024-03-26/
Debate Over Bank Industry Rules One Year After SVB Collapse: Silicon Valley Bank’s collapse last March set the stage for a clash between bankers and their ...
nytimes.com/2024/03/10/business/silicon-valley-bank-one-year-regulations.html
Viewsroom: Bank crises proved a mixed blessing for rivals on Apple Podcasts: Show Viewsroom, Ep Bank crises proved a mixed blessing for rivals - 21 Mar 2024
reut.rs/4arf15H
Jefferies Trading Surge Bodes Well for Big Bank Earnings (JEF): Jefferies Financial Group Inc.’s revenue jump — due to strong capital markets and rebounding ...
bloomberg.com/news/articles/2024-03-28/jefferies-trading-surge-bodes-well-for-wall-street-heavy-hitters
Kevin O'Leary wants to buy TikTok at up to 90% discount. Here's why : Kevin O'Leary is putting together a syndicate for a potential purchase of TikTok ...
cnbc.com/2024/03/22/kevin-oleary-on-why-he-wants-to-buy-tiktok-.html
A Year Since SVB’s Tumult, NYCB Has Focus Back on Regional Banks: One year after Silicon Valley Bank failed — spooking markets and fueling frantic fears of ...
bloomberg.com/news/articles/2024-03-09/a-year-since-svb-s-tumult-nycb-has-focus-back-on-regional-banks
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TikTok's Chinese Version Douyin Is Viewable on US Web Browsers (for Now): As a possible TikTok ban looms, Douyin can be accessed from the US on some devices ...
pcmag.com/news/tiktoks-chinese-version-douyin-us-web-browsers-for-now
Quick Glance: US House Nears Passing TikTok Legislation Requiring Separation from Chinese Ownership
- The US House of Representatives is set to vote on a proposal next Wednesday that could compel TikTok to sever ties with its Chinese owner or face a ban in the United States.
- Anticipated at 10:00 am (1400 GMT), the vote is expected to take place in a rare instance of bipartisan unity in a politically divided Washington.
- The future of the legislation remains uncertain in the Senate as key figures oppose taking such a drastic action against an app with 170 million users in the US.
- President Joe Biden is expected to sign the bill, officially known as the 'Protecting Americans from Foreign Adversary Controlled Applications Act,' into law if it reaches his desk, as stated by the White House.
China hits out at US over push to ban TikTok: Beijing urges Washington to ‘stop unfairly suppressing foreign companies’
ft.com/content/b0b949cd-d1d3-40f5-8a52-beaf3b29badc
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Quick Glance: TikTok Ban: Impact Beyond Gen Z Users
- A potential ban on TikTok would have far-reaching effects, given the diverse and evolving user base.
- TikTok users are politically polarized, with a predominant younger audience. Their views differ from the average American.
- The platform has a rapidly growing user base that is undergoing demographic changes, especially with an increase in users aged 30-49.
- The use of TikTok as a primary source of news and information influences user opinions, leading to political polarization, particularly among younger users.
End of Fed Bank Term Funding Program (BTFP) Puts Reserves in Spotlight: Wall Street banks are hunting for alternative ways to shore up their coffers as an ...
bloomberg.com/news/articles/2024-03-11/end-of-fed-tool-that-buoyed-us-banks-puts-reserves-in-spotlight
‘Banking as a Service’ startup Griffin raises $24M as it attains full banking license
techcrunch.com/2024/03/10/banking-as-a-service-startup-griffin-riases-24m-and-attains-full-banking-licence/
Chinese platforms are cracking down on influencers selling AI lessons: They’re not necessarily scams—but they’re not value for money either, buyers complain.
technologyreview.com/2024/03/20/1089950/ai-influencer-douyin-wechat-suspension/
Ro Khanna says TikTok owner should be forced to sell app, but ban too ‘extreme’: Rep. Ro Khanna (D-Calif.) said TikTok’s China-based parent company ByteDance ...
thehill.com/policy/technology/4529593-ro-khanna-says-tiktok-owner-should-be-forced-to-sell-app-but-ban-too-extreme/
The dots connecting TikTok, US Steel and Chinese land buys: The House of Representatives passes a bill requiring China's ByteDance to sell TikTok to an ...
asiatimes.com/2024/03/the-dots-connecting-tiktok-us-steel-and-chinese-land-buys/
Is TikTok different in China? Here's what to know: Critics of TikTok have pointed to an allegedly tamer version in China.
abcnews.go.com/Business/tiktok-china/story
Meituan’s Revenue Beats Estimates After Staving Off ByteDance: Meituan’s quarterly revenue climbed 23%, a sign that it’s making headway in efforts to fend off a ...
bloomberg.com/news/articles/2024-03-22/meituan-s-revenue-beats-estimates-after-staving-off-bytedance
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The Thorny Question of Why We Treat Banks Differently At All?: How to avoid bailing out lenders ever again.
bloomberg.com/news/articles/2024-03-04/the-thorny-question-of-why-we-treat-banks-differently-at-all
FTC investigating TikTok over privacy and security: The Federal Trade Commission is investigating TikTok for its data and security practices ...
cnn.com/2024/03/26/tech/ftc-tiktok-probe-privacy-and-security/
Young Chinese from loveless families find solace in ‘digital parents’ who treat them like their own, showing care, sharing daily activities online
scmp.com/news/people-culture/trending-china/article/3255171/young-chinese-loveless-families-find-solace-digital-parents-who-treat-them-their-own-showing-care
After SVB Failed, FHLB Charged $285 Million in Fees to Wind Down Financing: US banking regulators confronted an unusually large penalty when they seized Silicon ...
bloomberg.com/news/articles/2024-03-12/after-svb-failed-fhlb-charged-285-million-in-fees-to-wind-down-financing
HSBC to hire almost 50 bankers for startup, venture lending in US: HSBC is planning to recruit about 50 more bankers in its U.S. commercial bank to lend to ...
reuters.com/business/finance/hsbc-hire-almost-50-bankers-startup-venture-lending-us-2024-03-11/
A Year After Silicon Valley Bank’s Collapse, the Rules Are Still Catching Up: New proposed regulations won’t address some root causes of regional banking malaise ...
wsj.com/finance/banking/a-year-after-silicon-valley-banks-collapse-the-rules-are-still-catching-up-90ac5f81
With TikTok, China has dangerous power over Americans. We must take it on | Opinion
kentucky.com/opinion/article287139410.html
Here's how to prevent the next bank run: A group of banking scholars, including two former Fed officials, weigh in.
axios.com/2024/03/28/fed-bank-run-risks-deposit-insurance
Bank of Japan rates pivot cause to cheer in China: TOKYO — Xi Jinping’s inner circle in Beijing is probably breathing a little easier as the Bank of Japan steps ...
asiatimes.com/2024/03/bank-of-japan-rates-pivot-cause-to-cheer-in-china/
Quick Glance: Fate of BOJ's Stimulus Tools Revealed
- The Bank of Japan ended eight years of negative interest rates and other unorthodox measures to boost growth. Details on changes to the stimulating tools were disclosed.
- The negative interest rate policy was lifted, and the bank now pays a 0.1% interest rate on excess reserves to withdraw money from the economy.
- Yield curve control was dismantled, but the bank will continue to buy bonds and intervene with larger purchases if bond yields rise rapidly.
- The purchase of risky assets like ETFs and REITs was discontinued, and the commitment to maintain massive stimulus was withdrawn to reassure the market.
The grand plan to build Kiwibank into a maverick challenger: Ministers back rules change to allow smaller banks and financial institutions to access cheaper ...
newsroom.co.nz/2024/03/22/the-grand-plan-to-build-kiwibank-into-a-maverick-challenger/
Football district league A2 Hohenlohe: Brettheim climbs to 10th place: In the A2 district football league, SVB leaves the relegation zone with a 5-0 win at the ...
swp.de/sport/mehr-lokalsport/crailsheim/fussball-kreisliga-a2-hohenlohe-brettheim-klettert-auf-rang-10-73402783.html
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Last home game - SVB Bundesliga women: "An era comes to an end": SV Böblingen lost their Bundesliga table tennis game against TTG Bingen/Münster-Sarmsheim 3:6 ...
szbz.de/nachrichten/artikel/svb-bundesligafrauen-eine-aera-geht-zu-ende
Kuaishou reports first annual profit, MAUs break 700 million milestone: Kuaishou finally achieved a yearly profit in 2023, driven by the short video app’s ...
technode.com/2024/03/21/kuaishou-reports-first-annual-profit-maus-break-700-million-milestone/
The bank argument on the Basel III endgame is bunk: What regulator could be against safer lenders at the heart of our financial system?
ft.com/content/624a05f2-799f-4545-bda8-1f37182c8d8a
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China Hawk Rep. Mike Gallagher Is Taking A Job At Palantir: The Wisconsin congressman had recently introduced a bill to force TikTok to divest from Chinese ...
forbes.com/sites/davidjeans/2024/03/22/china-hawk-rep-mike-gallagher-is-taking-a-job-at-palantir/
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The lessons from Europe’s banking drama: One year on, the message from the market attack on Deutsche Bank is that nonsense on the internet matters
ft.com/content/a96d90d5-5710-4c73-bcb0-2e9c1d3e1dd4
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Tiktok original: This is how the Chinese Douyin app works: A ban on Tiktok has been discussed in the USA for months. The app is a stripped down version of ...
stern.de/politik/ausland/tiktok-original--so-funktioniert-die-chinesische-douyin-app-34563448.html
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Would TikTok Ban Help or Hurt Hollywood?: If TikTok is effectively banned in the U.S., would that be a net positive or negative for Hollywood?
variety.com/2024/digital/news/tiktok-ban-help-or-hurt-hollywood-1235944765/
US bank regulator proposes new limits on big bank mergers: Federal Deposit Insurance Corp plots new hurdles for tie-ups resulting in lenders with more than $50bn ...
ft.com/content/c2e369c5-5971-48fc-a099-2af485ba0a92
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SVB03: Vandalism by their own fans - is the mood in the Babelsberg neighborhood changing?
maz-online.de/lokales/potsdam/svb03-vandalismus-der-eigenen-fans-kippt-die-stimmung-im-babelsberger-kiez-MD62T265HRCE3HUFU46EWWLTOA.html
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The Bank of Japan’s tricky path to normalisation: With financial risks lurking, Governor Ueda must maintain his cautious approach
ft.com/content/9f03926e-5b3b-4db7-a7c4-9b8b8d18e901
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Banks wonder whether to beat private credit upstarts — or join them : Rather than going head-to-head, traditional financial bodies have decided to embrace the ...
ft.com/content/358f2e79-53e9-4430-b2fa-98a8a3577d40
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Qianhong Gotsch and Annett Kaufmann are there - Table tennis The last Bundesliga home game for the Böblingen women after 25 years
szbz.de/nachrichten/artikel/tischtennis-das-letzte-bundesliga-heimspiel-der-boeblinger-frauen-nach-25-jahren
Cardano finally gets fiat-backed stablecoin USDM after huge delays: USDM, the first United States dollar-backed stablecoin on Cardano, launched on March 17.
cointelegraph.com/news/cardano-blockchain-launch-fiat-backed-stablecoin-usdm
IMF warns regulators to heed lessons about 'too big to fail' banks: IMF staffers push back against the notion from regulators and politicians that the ...
irishexaminer.com/business/economy/arid-41355814.html
China Urges US to Stop ‘Unreasonably Suppressing’ TikTok: China called on the US to stop “unreasonably suppressing” TikTok, as the app used by 170 million ...
bloomberg.com/news/articles/2024-03-14/china-urges-us-to-stop-unreasonably-suppressing-tiktok
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Bill Maher Wants to Know Why AOC and Trump Agree TikTok Shouldn’t Be Banned | Video
thewrap.com/tiktok-ban-bill-maher-aoc-trump-agree/
It’s not just Trader Joe’s tote bags. We’re obsessed with other business-branded cult items.
qz.com/trader-joes-tote-bags-bass-pro-shops-hats-new-yorker-to-1851332803
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Banks knock FDIC over growing tab for last year's failures: Larger banks are responsible for a special assessment to cover the costs of the failures of Silicon ...
americanbanker.com/news/banks-knock-fdic-over-growing-tab-for-last-years-failures
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US regional banks, the weakest link a year after the fall of Silicon Valley Bank: Concerns have shifted to exposure to commercial real estate credit ...
english.elpais.com/economy-and-business/2024-03-11/us-regional-banks-the-weakest-link-a-year-after-the-fall-of-silicon-valley-bank.html
SVB and the rise of the neobanks: A number of businesses shifted to startup-focused firms after SVB's failure.
axios.com/2024/03/10/svb-anniversary-neobanks
Banks Face Extra $4.1 Billion FDIC Bill for Last Year’s Failures: A year after Silicon Valley Bank’s collapse, US lenders are still paying the price for cleaning ...
bloomberg.com/news/articles/2024-03-07/banks-face-extra-4-1-billion-fdic-bill-for-last-year-s-failures
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Rep. Ro Khanna: Why President Biden should be re-elected | Commentary: As the California congressman writes, "For the sake of our economy ...
orlandosentinel.com/2024/03/01/rep-ro-khanna-why-president-biden-should-be-re-elected-commentary/
Khanna, Schumer Lead Call for FTC Probe of Big Oil Consolidation: "Americans are paying the price for Big Oil's greed and are still struggling to keep up ...
commondreams.org/news/big-oil-mergers
Defense Sec. Austin Refuses to Draw Line in Sand for Israel After Food Aid Massacre in Gaza
democracynow.org/2024/3/1/headlines/defense_dec_austin_refuses_to_draw_line_in_sand_for_israel_after_food_aid_massacre_in_gaza
Quick Glance: Defense Secretary Austin Admits Secret Hospitalizations Before House Panel
- House Republicans demand answers on Defense Secretary Austin's secret hospital stays.
- Austin admits 'breakdown in notifications' and takes full responsibility before the committee.
- Austin acknowledges the need to inform the president and public about his cancer diagnosis.
- Internal Pentagon review finds no ill intent in keeping Austin's hospitalization private.
Biden says he’ll sign TikTok crackdown Bill, Trump raises concerns: The proposed legislation gives China’s ByteDance about 6 months to divest the popular video ...
straitstimes.com/world/united-states/biden-says-he-would-sign-tiktok-crackdown-trump-raises-concerns
Alecta Crisis Enters Second Year as Chairman Akerstrom Leaves: For almost a year, Sweden’s biggest pension fund has been trying to drag itself out of crisis that ...
bloomberg.com/news/articles/2024-03-04/alecta-crisis-enters-second-year-as-new-chairman-jumps-ship
What has replaced Silicon Valley Bank as start-ups’ favourite banker?: Venture capitalists and tech groups have had to adjust to life without the ‘one-stop shop’ ...
ft.com/content/edc4bb8f-056f-4162-9398-1edb6f2931bf
Khanna says Biden ‘needs to do something bold,’ especially with Israel-Hamas war: Democratic Rep. Ro Khanna (Calif.) suggested Sunday that President Biden “do ...
thehill.com/homenews/campaign/4505060-khanna-says-biden-needs-to-do-something-bold-especially-with-israel-hamas-war/
How a surprise investment in NYCB helped avert a 2024 bank crisis: If NYCB is worthy of a $1 billion investment, other regional banks should be just fine.
axios.com/2024/03/07/new-york-community-bancorp-steven-mnuchin
“Moral Failure”: Democrats Rep. Khanna & Michigan State Rep. Aiyash Urge Biden to Change Gaza Policy
democracynow.org/2024/2/21/michigan_primary
Michigan Arab leaders warn Biden campaign in trouble over handling of Gaza war: Democrats hope to avoid embarrassment of 'uncommitted' vote in party's primary ...
timesofisrael.com/michigan-arab-leaders-warn-biden-campaign-in-trouble-over-handling-of-gaza-war/
Convicted VC ‘Party Animal’ Complains Juror Slept at His Trial: Mike Rothenberg, the venture capitalist known for throwing extravagant Silicon Valley parties ...
bloomberg.com/news/articles/2024-03-01/convicted-vc-party-animal-complains-juror-slept-at-his-trial
IRS sues FDIC over Silicon Valley Bank's $1.4 billion tax debt: The U.S. Internal Revenue Service on Tuesday sued the Federal Deposit Insurance Corporation ...
reuters.com/legal/irs-sues-fdic-over-silicon-valley-banks-14-billion-tax-debt-2024-02-13/
Quick Glance: Ex-FBI Informant Charged with Lying about Joe Biden and Son
- The U.S. special counsel leading a criminal probe into President Joe Biden's son, Hunter Biden, charged a former FBI informant for lying about their alleged involvement in business dealings with Ukrainian energy company Burisma Holdings.
- A federal grand jury indicted Alexander Smirnov, 43, for making false statements and creating a false record in relation to an FBI probe.
- The indictment states that Smirnov falsely recounted meetings where Burisma executives claimed to have hired Hunter Biden to solve problems through his father.
- Smirnov falsely claimed that Burisma executives paid $5 million to Joe Biden and Hunter Biden for his son to address issues through his father during a criminal investigation.
SVB Is in Hiring Mode to Defend Its Turf a Year After Collapse: Nearly a year after its collapse, Silicon Valley Bank is back in hiring mode as it seeks to win ...
trib.al/6nZGqA6
NYCB stock rout prompts US bank regulators to conduct health checks: U.S. banking regulators have been asking regional lenders whether they faced any fallout ...
reuters.com/business/finance/nycb-stock-rout-prompts-us-bank-regulators-conduct-health-checks-2024-02-20/
Is the US headed for another banking crisis? : A major scheme to prop up the US banking system is ending, while a second may be winding down.
scroll.in/article/1064441/is-the-us-headed-for-another-banking-crisis
US Seeks More Than $1 Billion From Collapsed SVB for Taxes: The US Internal Revenue Service is seeking to recover about $1.4 billion in taxes it claims are owed ...
bloomberg.com/news/articles/2024-02-13/us-seeks-more-than-1-billion-from-collapsed-svb-for-taxes
The Future Of Business To Business Banking: Fintech 50 2024: Compared with other fintech segments, business to business banking had a pretty good 2023–thanks in ...
forbes.com/sites/rinatorchinsky/2024/02/13/the-future-of-business-to-business-banking-fintech-50-2024/
Are NYCB’s troubles the start of another banking panic?: Probably not. But they do suggest broader problems
economist.com/finance-and-economics/2024/02/08/are-nycbs-troubles-the-start-of-another-banking-panic
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IRS sues FDIC over Silicon Valley Bank's $1.4 billion tax debt: The U.S. Internal Revenue Service on Tuesday sued the Federal Deposit Insurance Corporation ...
reuters.com/legal/irs-sues-fdic-over-silicon-valley-banks-14-billion-tax-debt-2024-02-13/
Which were the most used apps during Lunar New Year? Familiar names like Tencent and ByteDance dominated top 5
scmp.com/tech/tech-trends/article/3252735/which-were-most-used-apps-during-lunar-new-year-familiar-names-tencent-and-bytedance-dominated-top-5
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Unicorn companies aren't that special anymore: Companies with billion-dollar valuations are in the thousands, and many of the new ones are in the AI space
qz.com/unicorn-companies-ipo-billion-dollar-valuations-1851250720
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China makeup artist recreates youth, takes years off actor, 57, transforms ordinary women into cover girls, becomes smash hit online
thestar.com.my/tech/tech-news/2024/02/27/china-makeup-artist-recreates-youth-takes-years-off-actor-57-transforms-ordinary-women-into-cover-girls-becomes-smash-hit-online
Puzzled China mother complains that child’s homework includes intrusive questions about family finances
scmp.com/news/people-culture/trending-china/article/3250709/puzzled-china-mother-complains-childs-homework-includes-intrusive-questions-about-family-finances
Tourist in China told to clean toilet 'for the next guest' after Airbnb stay or risk losing $940 deposit
asiaone.com/china/tourist-china-told-clean-toilet-next-guest-after-airbnb-stay-or-risk-losing-940-deposit
Rippling doubles down on R&D and hires new CPO Eisar Lipkovitz: Despite tech companies scaling back, Rippling is doubling down on R&D investment with a cash-rich ...
businessinsider.com/rippling-hr-startup-growth-parker-conrad-eisar-lipkovitz
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Democrats flood Sunday shows to insist Biden's mind is just fine: Democrats spent Sunday morning on the cable news shows defending Joe Biden's mind and blasting ...
businessinsider.com/democrats-biden-mind-fine-special-counsel-report-sunday-shows-2024-2
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TikTok is taking talk of a ban seriously. Here's why it's in a bind.: There's no downside for a politician to call for a TikTok ban. But there's significant risk ...
businessinsider.com/tiktok-ban-china-congress-bill-force-sale-bytedance-why-2024-3
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The next banking crisis is looming - and a German bank is right in the middle of it
welt.de/finanzen/plus249985822/Die-naechste-Bankenkrise-droht-und-eine-deutsche-Bank-ist-mittendrin.html
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Keeping banks hydrated is next on the Fed's to-do list: Fed chair Powell: "We are working on a package of liquidity measures which directly addresses the ...
axios.com/2024/03/07/fed-banking-crisis-liquidity
This is the new coach of SV Biemenhorst II: Bocholt-Biemenhorst - There will be a change of coach at SV Biemenhorst II, which is in third place in the football ...
bbv-net.de/Lokalsport/Fussball/Das-ist-der-neue-Trainer-des-SV-Biemenhorst-II-440201.html
Chinese Streamer Earns Rs 155 Crore In One Week With Spending Only 3 Seconds On Each Product
indiatimes.com/trending/wtf/chinese-streamer-earns-rs-155-crore-in-one-week-627020.html
How to Bust the Bankers’ Club: C. J. Polychroniou speaks with progressive economist Gerald Epstein about why alternative banking is possible and urgently needed.
commondreams.org/opinion/bust-the-bankers-club
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