In a short statement, the Federal Reserve, the Department of the Treasury, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) announced a massive deposit of 11 banks into the Frist Republic Bank. US markets are up on Thursday, with the Dow Jones …

According to new investigations in the FTX bankruptcy case, the liquidators of the cryptocurrency exchange-turned-hedge fund have revealed $3.2 billion in payments and loans made to Sam Bankman-Fried, the founder of FTX, and members of his close circle.The information was disclosed in the financial affairs statements and schedules of assets …

WTI crude oil is making gains after dropping 5% on Wednesday as a result of a risk-off impulse. As a result of the Swiss government supporting Credit Suisse, market sentiment improved.The American crude oil benchmark, supported by a risk-on impulse, recovers after falling to a 15-month low at about 65.72. …

At the time of writing, the price of gold is $1916.63 per ounce, making the future of the metal extremely unpredictable. The future of the precious metal is highly dependent on how fast and whether the market turbulence will abate, as well as whether the Fed will be able to …

The ECB hiked rates by 50 bps. Economists also believe that the ECB is still worried about the inflation picture and will continue hiking in the upcoming meetings.The ECB hiked rates by 50 bps despite ongoing market turbulence. The uncertain market situation led to the ECB not giving any signals …

Under the looming shadow of the fears related to the banking industry, central banks are now in a more challenging position. Oil prices plunged more than $5 trading around $68.444 per barrel to their lowest in more than a year, meanwhile gold prices renewed their recent rally as investors sought …

Stats New Zealand released the further quarter Gross Domestic Product. New Zealand GDP SA (QoQ) Q4: -0.6% (est -0.2%; prev 2.0%). New Zealand’s dollar is getting smacked after softer local GDP data. NZ GDP was 2.2% y/y in Q4 vs 3.3% seen and down from 6.4% prior. Odds of an …

Bitcoin’s price movement and stock market performance have diverged as a result of the banking collapse and the turbulent events of the past week. Experts noted the split in Bitcoin and evaluated whether the asset would begin trading as a flight from danger.Before correcting to the $25,100 mark, the price …

Traders and investors hastily flocked and piled into US-listed options on Credit Suisse at a record pace on Wednesday, as worries over the future of the beleaguered Swiss bank severely impacted its shares and added to existing concerns about instability in the banking sector.The volume of options on Credit Suisse …

On Wednesday morning, new issues at Credit Suisse added to market anxieties, but by the afternoon, a Swiss regulator announced that the nation’s central bank would offer additional liquidity if required.Once its greatest sponsor decided it could no longer help, the European bank’s stock deteriorated by more than 20% and …