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Crypto Markets Lose $13B In Three Hours

PYMNTS

In about three hours, $13 billon of value was wiped out of the crypto market as the values of major digital currencies plunged. Today’s drop happened as financial authorities are warning about a possible economic threat. Bitcoin dropped by roughly 5 percent and Ethereum and XRP dived by more than 10 percent at around 10:30 a.m.

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Could COVID-19 Cause A Banking And Commercial Real Estate Crisis?

PYMNTS

Twelve years after the housing and mortgage markets’ collapse threw the United States into financial distress not seen since the Great Depression, market watchers are again on the lookout for a possible new banking crisis spawned by upheaval in the U.S. commercial real estate sector. Slater wrote in a recent report. “We

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Banks Push Back On Possible Banking Charters For Big Techs Like Amazon And Facebook

PYMNTS

The groups argue that such efforts are secured under the current regulatory regime, and that allowing innovation at the expense of the financial system’s stability isn’t beneficial. A lack of safety and soundness rules will expose the financial system to significant vulnerabilities.”.

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François Masquelier (Simply Treasury): Small is Beautiful

Simply Treasury

Nevertheless, there has been much less innovation for servicing (larger) companies, despite the potential of this market. These companies are often managing finance and treasury on separate financial systems which are poorly integrated, if integrated at all. Treasury system needs is a huge pound.

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Which FI Dangers Lurk In Shadow Banking’s Shadows?

PYMNTS

Specifically, who knows what dangers — for banks, at least — lurk in shadow banking, as FinTechs emerge to nibble at market share? Call it a double-barreled threat pointed toward financial institutions (FIs) that have set down roots over decades, indeed, hundreds of years. financial system amid the rise of alternative lenders.

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Bitcoin: 10 Years Of Smoke And Mirrors

PYMNTS

Bitcoin’s processing operation is highly concentrated within a handful of miners in China — which is getting more concentrated now, since the price of bitcoin has crashed and fewer players can afford to keep the lights on (literally, since bitcoin processing requires a massive amount of electricity). Take developing markets.

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Change Keeping Global Banks On Their Toes

PYMNTS

banks, meanwhile, have risen in financial stability regulators’ ranks for how much of a risk they pose to the global financial system should they fail. Plus, the latest developments on Wells Fargo and what its scandal means for its market peers. We dive into the latest banking news from around the world. $30

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