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RBI proposes higher liquidity coverage ratio for retail deposits, creation of level-1 high quality assets

The Reserve Bank of India (RBI) has issued a draft circular on the Basel III framework regarding li…

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1 min read

RBI to hold rates, may sound more confident of reaching inflation target, says report

​​The rate-setting panel may prefer to stick to the 'withdrawal of accommodation' stance of the mon…

PTI   


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Crypto exchange CoinFlex will issue $47 million worth of recovery tokens after halting customer withdrawals

The crypto exchange is attempting to solve its liquidity problems through rvUSD, with withdrawals e…

Insider Inc.   


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Coinbase soars 20% as the exchange says it has no exposure to bankrupt firms struggling through crypto winter

"We believe these market participants were caught up in the frenzy of a crypto bull market and forg…

Jennifer Sor   


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Crypto lender Celsius is betting on its mining operation to help it reorganize as creditors and customers look to recoup $5 billion from the firm

"In a world where the crypto market rebounds, the mining business has the potential to be quite val…

Jennifer Sor   


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Crypto lender Celsius is 'deeply insolvent' and does not have the ability to meet obligations to creditors or account holders, state regulator warns

Regulators warned that Celsius does not have the money to meet its obligations, adding that company…

Jennifer Sor   


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Billionaire crypto bull Mike Novogratz says the market is 90% through its deleveraging cycle but prices will be choppy until there's a narrative shift

"The problem is for you to go much higher, you need the narrative to go much higher and you need ne…

Jennifer Sor   


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As the deposit deadline approaches, ₹2,000 notes fade from the system

​​With a couple of weeks to go before the deadline to deposit ₹2,000 banknotes, e-commerce giant Am…

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Half of India’s ₹2,000 notes are back with banks within a month of withdrawal announcement

Around 50% of India's ₹2,000 bank notes have returned to banks, according to Reserve Bank of India …

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RBI decides to withdraw incremental CRR in phased manner and release it by Oct 7

​​ The Reserve Bank on Friday decided to discontinue the Incremental Cash Reserve Ratio (I-CRR), wh…

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RBI's Monetary Policy Committee meeting starts amid expectations of lower rate hike

RBI Governor Shaktikanta Das-headed Monetary Policy Committee (MPC) started its three-day meeting o…

PTI   


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Not just bank deposits, gold sales & real estate to get a boost from ₹2,000 note withdrawal

The Reserve Bank of India (RBI) on Friday said that it intends to pull ₹2,000 banknotes from circul…

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1 min read

The Fed may provide as much as $2 trillion in liquidity relief for banks after the SVB collapse, JPMorgan says

"The usage of the Fed's (Bank Term Funding Program) BTFP is likely to be big," JPMorgan analysts sa…

Filip De Mott   


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Crypto lender Celsius pauses account withdrawals and transfers as digital tokens plummet across the board

"We are taking this necessary action for the benefit of our entire community in order to stabilize …

Zahra Tayeb   


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FTX was reportedly hit with $6 billion in withdrawals in just 72 hours

"In the last 72 hours, we've had roughly $6b of net withdrawals from FTX," CEO Sam Bankman-Fried to…

Zahra Tayeb   


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FTX Japan customers will soon be able to withdraw their funds from the collapsed crypto exchange

The plan would make FTX Japan users some of the first to get their money back since the crypto exch…

Morgan Chittum   


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2 mins read

FTX's crypto customers in Japan can now get their frozen money back as it starts allowing withdrawals

The Japan unit's move is the first time FTX crypto investors have been able to recover funds locked…

Zahra Tayeb   


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First Republic says its liquidity remains 'very strong' in bid to calm nerves following Silicon Valley Bank's collapse

The regional bank said its average deposit was about $200,000, well under the $250,000 limit that's…

Ryan Hogg   


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Genesis slashes 30% of its staff as the embattled crypto firm's lending arm faces a liquidity crisis

Genesis' lending arm halted customer withdrawals in November after cryptocurrency exchange FTX file…

Morgan Chittum   


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S&P downgrades First Republic further into junk status as the bank's $30 billion rescue may not be enough to solve liquidity problems

A report from the WSJ on Monday said banks were in talks to provide even more aid to First Republic…

Carla Mozée