Swiss Banking Reputation Takes a Hit
In 2021, Swiss banks held over $2.4T in offshore money. Switzerland is known for separating politics and business with ironclad secrecy laws and legal structures....
Economy
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UBS Acquires Credit Suisse: The Biggest Event in Banking Since 2008 (So Far)
The global economy has taken its first second third fourth victim. Silvergate Capital — shut down and liquidated. Signature Bank — collapsed and acquired. SVB...
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The European Central Bank Prioritizes Fighting Inflation by Raising Interest Rates
Priority #1 is still fighting inflation. Despite all the chaos in the banking sector this week, the European Central Bank (ECB) raised interest rates by...
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February 2023 CPI Report: Here’s What the Inflation Cat Dragged In
Three letters that we’re all too familiar with by now: SBF, SVB and CPI. Today, we get to look at CPI — the Consumer Price...
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How Will Silicon Valley Bank’s Downfall Impact Markets? That Depends on Interest Rates…
Rising interest rates have broken the market. The Fed wanted the economy to slow by raising interest rates. Now, it may have been given what...
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Biden’s New Budget Proposal Targets Billionaires and Corporations
Biden has a goal to reduce the federal budget deficit by $3T over the next decade. And now it’s all outlined in his 184-page budget...
