Weekends seem to keep central banks and government officials busy as they actively formulate policies and measures and stitch up deals to alleviate the liquidity crisis faced by the banking sector.
The banking crisis has complicated matters for the Fed, which was decidedly tilting in favor of a 25 basis point hike in the fed funds rate or higher at the March meeting.
As five central banks across the United States and Europe took coordinated action to ease the stress on the global funding market, the price of Bitcoin (CRYPTO:
https://www.fdic.gov/news/press-releases/2023/pr23021.html
The Federal Deposit Insurance Corporation (FDIC) entered into a purchase and assumption agreement for substantially all deposits and certain loan portfolios of
As the turmoil in the banking system claims more scalps, central banks across the globe announced a coordinated action, underlining the gravity of the problem at hand.
Sen. Elizabeth Warren (D-Mass) recently took a shot at Federal Reserve Chair Jerome Powell for his inept handling of the responsibilities that were entrusted to him.