After raking in over $7 million in speaking fees from financial institutions in the two years before being confirmed, Treasury Secretary Janet Yellen now plays a major role in determining which banks are systemically important, according to her testimony at a Senate Finance Committee hearing Thursday. Yellen had received more than $7 million in speaking fees from dozens of companies including Goldman Sachs, Bank of America, Citi, Credit Suisse, UBS, Charles Schwab and many more, according to Yellen’s public financial disclosure report. Though the Federal Deposit Insurance Corporation insures deposits up to $250,000, Yellen told the senators the government may insure additional deposits, as it did at the recently failed Silicon Valley Bank (SVB) and Signature Bank, if that bank’s failure would present a “systemic risk” to the economy. WASHINGTON, DC – MARCH 16: U.S. Treasury Secretary Janet Yellen testifies about the Biden Administration’s FY2024 federal budget proposal before … [Read more...] about After Collecting Millions From Wall Street, Janet Yellen Now Helps Decide Which Banks Get Bailouts
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US surpasses 6 million Covid-19 cases whilst the world trend is ‘down’
The US has surpassed the 6 million mark for the total number of Covid-19 cases. Brazil (3.7 million) and India (3.3 million) are the countries with the 2nd and 3rd highest number of cases. Around the world there is now a total of 24,331,524 Covid-19 cases, 829,664 deaths with 16,872,542 recorded as ‘recovered’. Of note, both the trend in new cases and deaths is dropping again, gradually. Other important milestones and trends int he world’s fight with the pandemic…. • The Philippines eclipsed Indonesia as SE Asia’s highest total number of cases just 3 weeks ago, but has now passed the 200,000 mark with Indonesia at 160,000. Related news North Korea conducts nuclear tests, spews rhetoric 14 hours ago Donald Trump faces arrest, but is back on Facebook 2 days ago • Singapore appears to have its 2nd wave under more control now, with 30-60 cases new cases being registered each day, over the past 3 days, versus the 1,000+ per day in … [Read more...] about US surpasses 6 million Covid-19 cases whilst the world trend is ‘down’
Coinbase Is Considering Diversifying Its Regulatory Risk By Moving A Trading Unit Outside Of The U.S.
Share to Twitter Share to Linkedin Coinbase, a leading United States-based cryptocurrency exchange, is considering diversifying its risk by establishing a trading platform in another country, according to Bloomberg . The Securities and Exchange Commission’s Crypto Assets and Cyber Unit in the Division of Enforcement plans to grow its division to about 50 dedicated positions from 30 white-collar regulatory officials. The new headcount will be tasked with investigating, auditing, examining and potentially prosecuting securities law violations related to crypto-related products and trading activities. In the wake of the spectacular implosion of crypto exchange FTX, led by its now-disgraced founder Sam Bankman-Fried, followed by the shuttering of crypto-friendly Silvergate Bank and Signature Bank and somewhat adjacent Silicon Valley Bank, it looks like the SEC is planning to vigorously scrutinize this sector more closely. If digital asset companies … [Read more...] about Coinbase Is Considering Diversifying Its Regulatory Risk By Moving A Trading Unit Outside Of The U.S.
Lodge Cast-Iron Skillet Review: A Versatile Pan At An Unbeatable Price
Share to Twitter Share to Linkedin The Lodge 10.25-Inch Cast-Iron Skillet earned the highest marks in my larger tested review of the best cast-iron skillets . Ahead, learn more about this affordable all-purpose pan and why I love it so much. After extensively testing eight of the most popular cast-iron skillets available on the market, I believe the American-made Lodge 10.25-Inch Cast-Iron Skillet is the best all-purpose pan for most home cooks. Heavy and durable, the pre-seasoned skillet can fry eggs without them sticking, bake evenly browned cornbread that releases easily and sear steaks with a crisp, dark crust. Adding to the pan’s versatility, it can do all of that pretty much anywhere: on your gas, electric or induction stove; on any type of grill; and even over a campfire. With this durable skillet, it’s easy to see why Lodge is practically synonymous with cast iron. For just $20, you can have a longtime bestselling skillet that can … [Read more...] about Lodge Cast-Iron Skillet Review: A Versatile Pan At An Unbeatable Price
Why It’s Gold For The Win – And How You Can Profit
Share to Twitter Share to Linkedin Gold prices are closing in on an all-time high above $2,000 an ounce. This pair of MoneyShow contributors weighs in on what’s behind the move – and how investors can profit! Sean Brodrick , Weiss Ratings Daily The banking problems started by Silicon Valley Bank are far from over. Depositors are still fleeing smaller banks, figuring they might be facing the same problems as the banks that failed. The ongoing crisis supports gold. One reason is because gold is a safe haven. But it’s also due to another reason … it’s now harder for the Federal Reserve to raise rates! In a week, there has been a huge shift in Wall Street’s bets on the Fed raising rates. Goldman Sachs (GS) expects there to be no rate hike at all. Global financial services group Nomura Holdings (NMR) boldly expects the Fed to CUT at its March 21-22 meeting — something that did not seem possible last week. Even if the Fed hikes … [Read more...] about Why It’s Gold For The Win – And How You Can Profit