Citi’s Fraser Warns Mobile Money is ‘Game Changer’ For Bank Runs

(Bloomberg) — Citigroup Inc. Chief Executive Officer Jane Fraser said mobile apps and consumers’ ability to move millions of dollars with a few clicks of a button mark a sea change for how bankers manage and regulators respond to the risk of bank runs. Most Read from Bloomberg Fraser said the fast demise of Silicon … Read more

Notre Dame reportedly hires Penn State’s Micah Shrewsberry as next head coach

A strong run at Penn State has landed head coach Micah Shrewsberry a new job. Notre Dame is finalizing a seven-year deal with the coach after two seasons with the Nittany Lions, . The Irish have reportedly identified him as their top target for the last two weeks and will introduce him on Friday. Penn … Read more

Powell Says Fed Was Baffled by SVB Collapse Despite Warnings

(Bloomberg) — Federal Reserve Chair Jerome Powell conceded that top officials were stumped at the sudden collapse of Silicon Valley Bank earlier this month, which spurred widespread panic of a deeper banking crisis and in turn upended global financial markets. Most Read from Bloomberg “The question we were all asking ourselves over that first weekend … Read more

Rapid Bank Runs Reveal Deposits Are Now Magic Internet Money, Too

One thing that has distinguished traditional banking from crypto, in the eyes of many financial experts, is stability. There’s a strong belief that most people who put money into an account at a prominent bank will generally leave it there, indefinitely – whether due to comfort, satisfaction, relationships, laziness, lots of things. That level of … Read more

Oregon head coach Dana Altman on small crowd at NIT home loss: ‘If it’s me, then get rid of me’

head coach Dana Altman was left disappointed with the crowd size at the on Tuesday night. The Ducks lost 61-58 to the Badgers in the quarterfinals of the NIT to finish the season 21-15. After the game, Altman lamented that just 3,300 people were in attendance to watch the team and then said that if … Read more

USD/JPY Forecast – US Dollar Rallied Slightly Ahead of FOMC

USD/JPY Forecast Video for 23.03.23 US Dollar vs Japanese Yen Technical Analysis The has rallied slightly during the trading session on Wednesday to show signs of life again, as we await the Federal Reserve rate decision. Ultimately, this comes down to whether or not the market starts to look at the Federal Reserve as slowing … Read more

Austin Reaves in starting lineup pays off as Lakers hold off Suns

Now. This is when it gets toughest, when ’ problems are either tolerable or fatal. With the clock ticking on their season and every game’s importance escalating, the Lakers needed to conquer a familiar rival, one that has dominated matchups between the two for more than two years. Facing the , who the Lakers have … Read more

China Hawks Dine on Seared Branzino And Lament Threat to US

(Bloomberg) — Peter Thiel likened US-China ties to a codependent marriage and lamented the rise of TikTok at a dinner for venture capitalists and lawmakers a day before the app’s chief executive testifies on Capitol Hill. Most Read from Bloomberg Thiel compared the Chinese-owned app to homelessness — “a really obvious problem,” as he put … Read more