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Credit Suisse Estimates $1.6B Loss After $88.3B Withdrawn in Bank Run
/ Banking, Stocks

Credit Suisse Estimates $1.6B Loss After $88.3B Withdrawn in Bank Run

Credit Suisse is expecting a $1.6 billion loss in Q4 as investors continue to pull out investments and deposits from the bank at a rapid pace.

November 23, 2022
Silvergate’s SEN Transfers Down 41% to $112B In Q3 2022

Silvergate’s SEN Transfers Down 41% to $112B In Q3 2022

Silvergate, the world’s leading crypto bank, recently released its Q3 statement showing good but worse-than-expected earnings.

October 18, 2022
Why Credit Suisse’s Valuation is Down $16B Since January

Why Credit Suisse’s Valuation is Down $16B Since January

Executives have reassured employees of Credit Suisse's "strong capital base and liquidity position".

October 04, 2022
Three Countries Team Up With BIS to Test Cross-Border CBDCs Payments

Three Countries Team Up With BIS to Test Cross-Border CBDCs Payments

The BIS is exploring ways to improve international payments using CBDCs in collaboration with Norway, Sweden, and Israel.

September 28, 2022
Buffett-Backed Nubank Attracts More Than 1.8M Users to its Crypto Platform

Buffett-Backed Nubank Attracts More Than 1.8M Users to its Crypto Platform

Nubank announced on Monday that its crypto exchange, launched just a few months ago, is one of its fastest-growing services.

September 26, 2022

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