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Jamie Dimon says “Cockroaches” lurk in the US economy
Wall Street’s worst fear got a name this week: cockroaches. That’s what Jamie Dimon, the CEO of JPMorgan Chase, called the unseen threats lurking in the US financial system. On Wednesday, during an ea...
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Global Banking Powerhouses Plan Issuing New Stablecoins Tied To G7 Currencies
A consortium of major banks, including Bank of America, Citi, Deutsche Bank, Goldman Sachs, and UBS, announced on Friday that they will collaborate to explore the development of stablecoins pegged to ...
1 min
SoftBank in talks for $5B loan backed by Arm Stake to fund AI push
SoftBank Group Corp. is in advanced talks to secure a $5 billion loan from international banks, signaling the Japanese investment giant’s efforts to ease financial constraints around its nearly $100 b...
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