Emerging CBDC cross-border transaction technology can put the banks’ profits at risk, as per a new Moody’s report. Cross-border CBDC transactions would require entirely new infrastructure, reducing the role of banks even further. Emerging central bank digital currency (CBDC) cross-border transaction technology has the potential to transform the global economy by making services for many…
Over 186 banks were at risk as Silicon Valley. Wall Street banks to lose nearly $165 billion in market cap. In the aftermath of the Silicon Valley Bank (SVB) collapses on March 10, 186 banks were identified as being at risk, as per recent research. These banks are dealing with problems equivalent to those that…
By Peter Nurse Investing.com – The U.S. dollar retreated in early European trade Thursday and the euro pushed higher as Credit Suisse’s move to bolster its financial position boosted risk sentiment. At 03:55 ET (07:55 GMT), the Dollar Index , which tracks the greenback against a basket of six other currencies, traded 0.3% lower at…