Category: Finance

Breadcrumb Trail Links taxes Personal Finance Jamie Golombek: Ottawa says it’s looking to close tax loopholes that benefit the wealthy and corporations Published March 16, 2023 • Last updated 6 days ago • 5 minute read Finance Minister Chrystia Freeland holds a news conference before delivering the 2022-23 budget, in Ottawa, on April 7, 2022. […]

When Silicon Valley Bank failed earlier this month, the Federal Deposit Insurance Corporation stepped in, taking over the bank to protect its depositors. But with the collapse marking the second-largest bank failure in US history, some consumers may wonder how much the FDIC can handle. “They have a lot of money at their disposal,” said […]

Silicon Valley Bank disclosed it had $1.8 billion in paper losses on some bonds by the end of 2022. And yet the lenders didn’t reduce a key measure of capital strength monitored by regulators. Those losses became existential for the bank once it was forced to sell these assets, triggering a run that ended with […]

The banking crisis is finished. That’s a somewhat surprising message from OG banking analyst Dick Bove, who rose to fame with his bold calls at the height of the 2008-2009 crisis. “I think that the near-term banking crisis is definitely over,” the Odeon Capital Group Financial analyst said on Yahoo Finance Live (video above). Bove’s […]

Northern Rock, Bear Stearns, Countrywide Financial and Alliance & Leicester. Back in late 2007 and early 2008, when they all failed or were rescued, none of the above was systemically important. And few observers would have predicted the nightmarish crisis that was to strike within the year, felling behemoths from Wall Street’s venerable Lehman Brothers […]

This week in coins. Illustration by Mitchell Preffer for Decrypt. After three consecutive weeks of lossesprices turned verdantly green for holders of the two largest cryptocurrencies by market cap this week. Bitcoin (BTC) blew up 36% over the past seven days and now trades at around $27,515 according to CoinMarketCap data. Last week, Bitcoin shed […]

With the Bank of Canada taking a break on rate hikes, it’s a good time to reflect on whether we’ve seen the worst for rising borrowing costs. The answer is a hard no for Royal Bank of Canada clients who carry a credit-card balance. Next month, the interest rate on purchases for most RBC credit […]

Funds tied to the latest Euler Finance exploit are on the move. According to on-chain data, the attacker sent ten transactions to mixing service Tornado Cash worth 100 Ethereum each from an intermediary address, and still holds 1,500 ETH labeled as “Fake Phishing” at the same address. The address has sent a total of 1,000 […]