With the advancement in technology, the prevalence of cyberspace within government and the immense connectivity within the national infrastructure, it has been warned for years that a catastrophic cyber attack could very well transpire and wreak havoc on the overall economy. One of … [Read more...]
Fed Surcharge Places Banks at a Competitive Disadvantage
The Federal Reserve is planning to hit the largest banks in the United States with an expensive new requirement that is meant to diminish the threat that some financial institutions still face as being “too big to fail,” even six years after the economic collapse. According to … [Read more...]
Bulgarian bank First Investment Bank (FIBank) hit by second bank run in one week
A Bulgarian financial institution has been hit by a second run in one week alone. his has prompted banking authorities to issue a statement that would calm the nerves of depositors, who fear their money is in trouble amid reports that the financial system is in disarray. The bank … [Read more...]
Federal Reserve official warns central bank could delay QE taper
Last month, the Federal Reserve further reduced its third round of quantitative easing (QE) during its road to tapering. However, the central bank will maintain current Fed Funds Rate of near 0.000 percent – Fed Chair Janet Yellen has already confirmed that she does not have any … [Read more...]
Bitcoin is a disruptive technology that happens to be used by criminals
The reputation that Bitcoin (BTC) has garnered over the past year has been a bag of mixed sentiment. In one news report, there will be information regarding to the widespread adoption by merchants and technology enthusiasts calling it the wave of the future. In another news … [Read more...]
National Bank of Ukraine (NBU) issues warning on dangers associated with bitcoin
Another central bank has come out against Bitcoin (BTC). This time, the National Bank of Ukraine (NBU) issued a statement that informed its citizens about the usual risks of bitcoin: volatility, not guaranteed by a governmental body and potential theft involved with owning the digital … [Read more...]
Freddie Mac Reports Mortgage Interest Rates Near Record Low
As of Thursday, Freddie Mac has reported that interest rates have reached near record lows, with rates on 30 year mortgages dropping as low as 3.32 percent from last week’s average of 3.34 percent and last year’s average fixed rate of 3.94 percent. This means rates are hovering just … [Read more...]
