State banks that are members of the US Federal Reserve System must obtain a written supervisory nonobjection from the Fed before issuing, holding or transacting in stablecoins. For banks to…
US consumers’ credit card debt has surpassed $1 trillion for the first time in history as high inflation continues to drive up costs, the New York Federal Reserve said in…
As part of a comprehensive evaluation of growing industry challenges, Moody’s Investors Service has downgraded credit ratings for 10 small and midsize US banks. Additionally, there is a possibility of…
France has overtaken Sweden to become EU’s top net power exporter. According to a report by EnAppSys Ltd., France recorded a total net export of 17.6 terawatt-hours, with the majority…
China’s biggest developer by sales Country Garden has delayed two international bond payments, Financial Times reported. Real estate sector in China is still very weak. Country Garden is unable to…
According to Federal Reserve data released on Monday, total credit increased by $17.8 billion, following the smallest monthly increase since 2020 in the previous period. This figure surpasses the median…
