Losses

Russian Banks Set for Record Profits This Year, Central Bank, Rating Agency Say

Bank of Russia raised its forecast for the profits of Russian banks… More… The post Russian Banks Set ...

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Tiger Global’s $12.7b venture down by 20%

Tiger Global Management posted a 20% loss on its $12.7 billion venture… More…

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Crypto AI Economy Suffers $730 Million Loss in 2 Months as Interest Wanes

Less than two months ago, a collection of 74 listed cryptocurrencies… More…

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Bitdeer shares plunge over 35% since Nasdaq debut

Singapore-based crypto miner Bitdeer has experienced a difficult… More…

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First Citizens Bank Acquires Silicon Valley Bank, Costing FDIC Deposit Insurance Fund an Estimated $20B

According to the Federal Deposit Insurance Corporation (FDIC), … More…

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Flagstar Bank Acquires Signature Bank’s Assets and Branches, Excluding Cryptocurrency Operations

On Monday, about a week after the collapse of Signature Bank, the Federal… More…

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UBS Considers Acquiring Credit Suisse, Requests Government Backstop in Deal

After Credit Suisse Group AG announced it would borrow 50 billion … More…

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Metaverse, AI, and Liquid Staking Tokens Lead Year-to-Date Crypto Asset Gains Among Top 125

In 2023, the leading crypto assets, such as bitcoin and ethereum, … More…

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Banks in Russia to Lose $700 Million a Year Due to Digital Ruble, Experts Say

Russian banks may be the main losers from the introduction of a digital… More…

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Federal Reserve Raises Benchmark Interest Rate by 0.25%, Disinflationary Process ‘Early,’ Says Powell 

The U.S. Federal Reserve raised its benchmark federal funds rate … More…

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