Washington Financial News
12.04 / 11:19
global economy
IMF Says Banking Troubles Create Headwinds for Global Economy
WASHINGTON—Global economic growth is cooling while facing risks from the volatile banking sector, high inflation and climbing interest rates, the International Monetary Fund said Tuesday.
12.04 / 11:19
Bank Volatility to Cut U.S. Economic Growth, IMF Says
WASHINGTON—Tighter bank lending prompted by the recent failure of two midsize American banks will slow U.S. economic growth this year, the International Monetary Fund estimated, warning that rising interest rates pose a threat to the global financial system.
12.04 / 09:47
CBDC
Central Bank
G7
G-7 Aims to Aid Developing Nations in Introducing Central Bank Digital Currencies
The Group of Seven (G7) organization aims to help developing countries introduce central bank digital currencies (CBDCs) in line with international standards.
12.04 / 08:35
COST
Waves
Ripple
CEO
UBS
NOT
Banking turmoil was not a crisis but 'the downside risks are real,' IIF boss warns
The banking sector turmoil that led to the collapse of several lenders was not a systemic crisis and has now subsided, according to Tim Adams, CEO of the Institute of International Finance.
12.04 / 06:57
IMF warns of fresh risks in banking after Credit Suisse, US banks collapse
WASHINGTON—Global economic growth is cooling while facing risks from the volatile banking sector, high inflation and climbing interest rates, the International Monetary Fund said on 11 April.
11.04 / 16:09
COST
Lowe's
Banks in 'more precarious situation' creating risks for global growth, IMF chief economist warns
Interest rate rises have increased banks' vulnerabilities — and their response presents a significant risk to global growth, the International Monetary Fund's chief economist warned Tuesday.
11.04 / 16:01
Bank Volatility to Cut U.S. Economic Growth, IMF Says
WASHINGTON—Tighter bank lending prompted by the recent failure of two midsize American banks will slow U.S. economic growth this year, the International Monetary Fund estimated, warning that rising interest rates pose a threat to the global financial system.
11.04 / 14:35
Bank Volatility to Cut U.S. GDP, IMF Expects
WASHINGTON—Tighter bank lending prompted by the recent failure of two midsize American banks will slow U.S. economic growth this year, the International Monetary Fund estimated, warning that rising interest rates pose a threat to the global financial system.
11.04 / 13:31
business
regulation
SEC
Digital Asset
Cyber
US SEC seeks to expand its Crypto Assets and Cyber Unit
Regulators in the United States have been piling on the pressure on the crypto space over the last year, even more so in light of the FTX demise and collapse of Silicon Valley Bank (SVB).
11.04 / 13:31
global economy
IMF Says Banking Troubles Create Headwinds for Global Economy
WASHINGTON—Global economic growth is cooling while facing risks from the volatile banking sector, high inflation and climbing interest rates, the International Monetary Fund said Tuesday.
11.04 / 13:31
Action
Government Posing Greater Risk to Corporate Profits, Chamber Study Finds
WASHINGTON—Tax changes, regulatory enforcement and government policy shifts are posing a greater threat to corporate profits than they did a decade ago, according to a new study from the U.S. Chamber of Commerce.
11.04 / 08:09
business
regulation
Investments
G20
global crypto community
AIM
global framework
Framework
G20 countries aim to develop global framework against crypto-related risks
The G20 — an intergovernmental forum comprising 19 countries and the European Union — has planned to develop a common framework for helping all countries deal with risks associated with cryptocurrency investments.
11.04 / 07:27
SPY
World Bank Chief Calls Russia’s Arrest of Gershkovich a Brazen Act
WASHINGTON—World Bank President David Malpass said the detention of Evan Gershkovich, a Wall Street Journal reporter held in a Russian prison and accused of spying, is a “brazen act” by the Russian government that violates freedom of the press.
10.04 / 17:27
SPY
World Bank Chief Calls Russia’s Arrest of Gershkovich a Brazen Act
WASHINGTON—World Bank President David Malpass said the detention of Evan Gershkovich, a Wall Street Journal reporter held in a Russian prison and accused of spying, is a “brazen act” by the Russian government that violates freedom of the press.
10.04 / 12:15
08.04 / 17:47
Provident
Digital
Platform
Time
IRS Plan to Spend $80 Billion Includes Real-Time Tax Alerts, Audits of Wealthy People
WASHINGTON—The Internal Revenue Service unveiled its strategic plan Thursday for revamping the agency amid Republican opposition, promising to shift more taxpayer interactions onto digital platforms and add thousands of new enforcement staffers to audit wealthy people and corporations.
07.04 / 12:29
Provident
Digital
Platform
Time
IRS Plan to Spend $80 Billion Includes Real-Time Tax Alerts, Audits of Wealthy People
WASHINGTON—The Internal Revenue Service unveiled its strategic plan Thursday for revamping the agency amid Republican opposition, promising to shift more taxpayer interactions onto digital platforms and add thousands of new enforcement staffers to audit wealthy people and corporations.
06.04 / 22:01
Government
Law
Stablecoin
us government
DeSantis is right — CBDCs will lead to absolute government control
Arguing over the prudence and implications of issuing a central bank digital currency (CBDC) in the United States has seemingly become one of Washington’s favorite icebreakers. As Congress considers the question, it is critical that Americans clearly understand and soberly consider the immense power a CBDC could grant governments as well as the unacceptable risk of that power’s potential abuse.
06.04 / 20:49
business
Government
regulation
Fraud
Washington state DFI warns Eucoinotrade may be engaging in ‘advanced fee fraud’
The Washington State Department of Financial Institutions (DFI) has issued a consumer protection alert addressing the “alleged cryptocurrency exchange” known as Eucoinotrade.
06.04 / 09:07
COST
Provident
Digital
Citizens
Immunic
Opposition to CBDCs grows after U.S-based Cato argues against its ‘risks’
A central bank digital currency (CBDC) issued by the United States will be a risk to the financial privacy and economic freedom of Americans, as per a recent report published by a Washington, D.C.-based policy research think tank Cato Institute.
04.04 / 17:07
Law
regulation
SEC
crimes
SEC reaches 'agreement in principle' to resolve insider trading case of Coinbase product manager
The United States Securities and Exchange Commission is moving forward with a resolution to the case against a former product manager at Coinbase Global accused of insider trading.
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