A U.S. congressman has urged the federal government to temporarily insure every bank deposit in the country. Following the collapses of several major banks, he stressed that if the government does not do this,...
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Billionaire Warns of Imminent Bank Runs if Government Fails to Guarantee All SVB Deposits
Billionaire Bill Ackman has warned of “vast and profound” consequences of the U.S. government letting Silicon Valley Bank (SVB) fail without protecting all depositors. “No company will take even a tiny chance of losing...
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3 Minutes
Russian Bank Issues Bank Guarantee in Chinese Yuan Using Blockchain
A bank in Russia has issued the country’s first blockchain-based bank guarantee denominated in Chinese currency. The financial institution underscored the advantages of using a digital form of the document and pointed out that...
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