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Three Bank Failures Open New Chapter in Never-Ending Financial Crisis


The collapse of three banks on three different continents indicates a new global crisis is brewing. But it may also show that the last one never really ended and the tools used to manage the global economy simply don’t work. Also read: Side Effects of Economic Growth: Is Snowden Right to...

Venezuela Government Orders The National Bank To Accept Petro


Nicolas Maduro, the Venezuelan president, has ordered the principal financial organization, Banco de Venezuela, to receive Petro (PTR), the virtual currency of the country. The news surfaced on 4th July on Tweeter. This is an aggressive step taken by the Maduro government to promote Cryptocurrency...

Tezos Surged on Investment Bank Partnership News


Source: iStock/Cecilie_Arcurs XTZ, the native token of the Tezos blockchain, jumped by 7% in the past 24 hours after the Tezos Foundation announced that it secured partnerships with two large players in the traditional finance space for use of the blockchain for security token offerings (STOs). At...

Deutsche Bank’s Restructuring Costs Could Set It Back By $5.7 Billion


Deutsche Bank used to be one of the biggest banks in the world, and after a while, it decided to enter the world of high finance by expanding aggressively into new markets in the United States, United Kingdom, and Asia. It seemed like a sound strategy for Germany’s biggest bank, but then the 2008...

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