Kitco News
Gold rallies above $4,120 as buyers test resistance - Kitco AM Report -
(Kitco NewsWire) - Spot gold and silver prices are higher ahead of the North American market open Wednesday, as buyers extended this week’s rebound while traders weighed softer recent U.S. inflation data, resilient activity readings, elevated oil prices and next week’s Federal Reserve meeting. At the time of writing, spot gold was trading near $4,125.10 an ounce, up 1.19%, while spot silve...
Gold rallies as buyers ignore higher yields, oil shock - Kitco PM Report -
(Kitco NewsWire) - Spot gold and silver prices are sharply higher in late-afternoon U.S. trading Tuesday, as short covering and renewed haven demand lifted metals despite rising Treasury yields, a firmer U.S. dollar and another jump in crude oil prices tied to the U.S.-Iran conflict.
Gold's risk/reward has flipped in investors' favor despite rate hike fears, says Wells Fargo’s Samana -
(Kitco News) - Although gold continues to struggle below $4,100 an ounce as investors brace for the possibility of higher interest rates, one market strategist says the precious metal has reached a point where the downside risks are becoming increasingly limited while the long-term upside remains compelling.
Central bank gold demand has ‘very long runway’ as East/West market split returns - Schroders -
(Kitco News) – Asian investors continued to buy gold in June even as their Western counterparts exited positions, while central bank gold demand around the globe will likely rise and will support gold prices for many years to come, according to precious metals market analysts at Schroders.In their latest monthly gold outlook, Schroders analysts said the market returned to an East/West dynamic i...
Russia’s central bank sold 44 tonnes of gold in the first half of 2026 -
(Kitco News) – Russia’s gold reserves have declined by 1.4 million ounces, or 43.5 tonnes, since the start of the year, according to the latest data from the Central Bank of Russia (CBR).Russia’s sovereign gold reserves stood at 73.4 million troy ounces, or 2,282 tonnes, as of the start of July, the CBR announced on Monday. The central bank estimates Russia’s gold holdings are valued at $299 bi...
Gold headed toward $3,500 and silver toward $50 before the next run, Chambers says -
(Kitco News) - The veteran investor who warned in May that the metals selloff had further to run says the bottom is now close, and that he plans to start buying again this year.
Gold rebounds as $4,000 support holds, silver leads metals higher - Kitco AM Report -
(Kitco NewsWire) - Spot gold and silver prices are higher ahead of the North American market open Tuesday, as short covering lifted precious metals after last week’s selloff while Treasury yields, the U.S. dollar and crude oil prices remained firm.
Gold is oversold, the debasement trade is still on, and the pressure is building – Sprott’s Paul Wong -
(Kitco News) – Gold is massively oversold by every meaningful metric and is likely to set a cyclical bottom before September, while currency debasement is the fundamental driver that will push gold to its next all-time high, according to Paul Wong, managing partner and market strategist at Sprott Inc.In a recent interview, Wong told Kitco News that gold tends to find support when prices fall to...
Gold, silver firm as equities slip and Hormuz risk supports oil - Kitco PM Report -
(Kitco NewsWire) - Spot gold and silver prices are modestly higher in late-afternoon U.S. trading Monday, as short covering helped metals stabilize after last week’s selloff, while higher Treasury yields, a firmer U.S. dollar and elevated crude oil prices capped the rebound.
Despite Middle East escalation, interest rates remain the key price driver for gold and silver – StoneX -
(Kitco News) – Interest rates are still the key driver for precious metals prices even as the conflict between the United States and Iran escalates further, with gold and silver facing continued downside risk, according to Rhona O'Connell, Head of Market Analysis for EMEA & Asia at StoneX.
Zero Hedge
Chilling New Clues Challenge Suicide Claim In Los Alamos Lab Worker's Death -
Chilling New Clues Challenge Suicide Claim In Los Alamos Lab Worker's Death
Authored by Steve Watson via Modernity News,
Fresh evidence recovered from the remote New Mexico forest where Los Alamos National Laboratory administrative assistant Melissa Casias was found has blown major holes in the suicide narrative.
An independent team hired by her own family discovered bones, tor...
Iran Blasts US 'Fabricated Pretext' To Hit Pickaxe Mountain, Launches More Attacks On Bahrain, Saudi Arabia, Jordan -
Iran Blasts US 'Fabricated Pretext' To Hit Pickaxe Mountain, Launches More Attacks On Bahrain, Saudi Arabia, Jordan
Amid continued fighting which has included explosions heard in Tehran overnight and in the south, Iran's leadership has condemned the Trump administration's "obsessive focus on Kolang Kouh where no nuclear activity is taking place is nothing more than a fabricated pre...
OpenAI Admits Model Escaped Containment And Hacked Hugging Face To Cheat On A Test -
OpenAI Admits Model Escaped Containment And Hacked Hugging Face To Cheat On A Test
Authored by Felix Ng via CoinTelegraph.com,
OpenAI disclosed Tuesday that a combination of its AI models, including GPT-5.6 Sol and a more capable unreleased model, escaped its testing environment and hacked AI startup Hugging Face last week to cheat on a test meant to measure their capabilities.
...
Futures Slide Ahead Of Google Earnings As Brent Surges Above $95 -
Futures Slide Ahead Of Google Earnings As Brent Surges Above $95
US futures are lower following a chipmaker-powered jump in Tuesday’s session, with Nasdaq 100 futures falling by 0.8%, which appears to be more of a retracement to yesterday’s strength than a move tied to oil or de-risking into today’s Tech earnings. Alphabet earnings are coming after the close. As of 7:00am ET, S&P fu...
Shipping Firms Offering Sailors Massive Bonuses To Risk Crossing Hormuz -
Shipping Firms Offering Sailors Massive Bonuses To Risk Crossing Hormuz
Via The Cradle
International shipping firms are offering crews large bonuses to transit the Strait of Hormuz despite the risks involved,
Bloomberg reported Monday.
Sinokor Group, the world's largest owner of supertankers, offered its crews six months of extra salary to make a return voyage collecting oil from...
Trump Greenlights Saudi Nuclear Deal, Uranium Enrichment In The Kingdom Possible -
Trump Greenlights Saudi Nuclear Deal, Uranium Enrichment In The Kingdom Possible
President Trump has formally approved a landmark 30-year civil nuclear cooperation agreement with Saudi Arabia that could be worth tens of billions of dollars and put American companies at the center of the kingdom's nuclear buildout, according to the Wall Street Journal.
The accord is expected to b...
BritCard Is Dead: Burnham Kills Starmer's £1.8 Billion Digital ID To Pay For An Energy Tax Cut -
BritCard Is Dead: Burnham Kills Starmer's £1.8 Billion Digital ID To Pay For An Energy Tax Cut
Ten months ago Keir Starmer warned that anyone without a government digital ID "will not be able to work in the United Kingdom." On Tuesday - day two of the Burnham premiership - the scheme was formally killed off.
It wasn't the nearly 2.9 million people who signed the petition. It wasn'...
German Motorists Flood Czech Border As Fuel-Price-Cap Ends -
German Motorists Flood Czech Border As Fuel-Price-Cap Ends
Via Remix News,
German motorists formed kilometer-long lines at Czech gas stations on Sunday as they rushed to take advantage of lower prices before the government’s fuel cap expired.
Stations near the German border were overwhelmed by drivers seeking cheaper gasoline and diesel, with footage showing long queues at some l...
Drone War Enters Terrifying New Phase As Russia Deploys 300-MPH Jet-Powered Shahed -
Drone War Enters Terrifying New Phase As Russia Deploys 300-MPH Jet-Powered Shahed
Dramatic footage posted on X shows what appears to be a Russian Geran-4 jet-powered, one-way attack drone striking a passenger train in Ukraine.
If authenticated, the footage shows just how rapidly drone warfare is evolving beyond conventional two-stroke power plants toward miniature turbojets that ...
Poland's Planned Megaport Is Part Of Its Regional Power Play -
Poland's Planned Megaport Is Part Of Its Regional Power Play
Authored by Andrew Korybko,
Poland will become indispensable to Czechia, Slovakia, Austria, and Hungary’s global trade upon the completion of this project, thus securing their place within its “sphere of influence” and reducing the likelihood that German-backed Ukraine “poaches” them as part of their rivalry for regional...
MarketWatch - Top Stories
Artificial intelligence will drive an unprecedented natural-gas deficit, this investor warns. Here are the stocks to buy before the crunch. -
Chronometer Partners’ Matthew Smith says investors and markets are not prepared for a natural-gas shortage.
Yes, the AI stock selloff looks terrifying. But it might actually save the bull market. -
The hottest tech trades of 2026 just got slammed — smart investors are buying anyway.
‘I have a $2,000 deductible’: I reported a cracked windshield on my Hertz rental car. Can they charge me? -
“I never heard a rock hit the windshield.”
Having $100,000 invested was once the gateway to building real wealth. For young people today, it’s double that. -
While this investing benchmark is still worth celebrating, young people who want to feel rich in today’s economy need to have a lot more.
Do I use $300,000 of my $1.2 million retirement savings so my daughter can attend her dream college? -
“Our daughter is a highly ranked competitive softball pitcher with a 3.94 GPA.”
Bond-market weakness makes a strong investment case for this unloved sector, strategist says -
Michael Darda says the yield on the 10-year Treasury will fall, so he likes beleaguered home builders.
Oil prices climb to six-week high as hopes of de-escalation in Iran diminish -
West Texas Intermediate and Brent crude’s front-month contracts rose almost 4% on Wednesday after an 11th night of attacks in Iran.
The Treasury market is on the verge of a worrying milestone not seen since 2007 -
There are a host of challenges at work as the ‘long’ 30-year Treasury yield approaches its longest stretch above 5% in 19 years
AT&T’s stock rises after earnings. Here’s why investors are cheering. -
The telecommunications company beat expectations on subscriber growth, free cash flow and profit.
I wanted to transfer $17,000 in credit-card debt. Why did Wells Fargo offer me only a $4,000 credit limit? -
“I asked why the limit was so low, but they couldn’t give me an explanation.”
CNBC Top News
CNBC Economy
GATA
Russia is reported to have sold gold for six months to help cover budget deficit -
From Priamyi, KievTuesday, July 21, 2026
Russia's central bank has been reducing its gold reserves for six straight months, selling the precious metal to cover a growing federal budget deficit. According to media estimates, the current sell-off is the largest in at least 25 years.
This is reported by The Moscow Times, citing data from the World Gold Council.
... Dispatch continues below ...
.....
U.S. govt. isn't the only one to manipulate markets -
China's 'National Team' Buys Shares Worth $9 Billion to Prop Up Market
By William SandlundFinancial Times, LondonMonday, July 20, 2026
China's "national team" of funds has bought close to $9 billion in equities as Beijing seeks to support the stock market following a bruising sell-off on Friday.
Funds associated with the central government announced they had purchased nearly Rmb60 billion ($8.9...
China buys the dip as gold is 'technically oversold' -
11:59a ET Tuesday, July 21, 2026
Dear Friend of GATA and Gold:
If you're looking for encouraging signs, MarketWatch today quotes some analysis showing that China has been buying the recent fall in gold prices and an upward reversal is coming:
https://www.marketwatch.com/story/china-has-been-buying-the-gold-dip-and-these-analysts-say-a-comeback-is-brewing-6b0400d3
And Money Metals Exchange analy...
Goldman Sachs note hints China's gold accumulation may be far more than official numbers -
By Eamonn SheridanInvesting Live, Limassol, CyprusMonday, July 20, 2026
China's true pace of gold accumulation is running far ahead of what official figures suggest, according to new estimates from Goldman Sachs. The bank calculates that China acquired more than 48 tonnes of gold in May through the London over-the-counter market, the largest monthly purchase in over a year and nearly five times...
U.S. technology giants' $1.65 trillion 'invisible debt' sparks concerns -
By Choi In-junThe Chosun Daily, SeoulWednesday, July 20, 2026
Major U.S. big tech companies have accumulated "invisible debt" totaling $1.65 trillion through massive investments in artificial intelligence infrastructure, surpassing the debt officially recorded in their financial statements.
Concerns are growing that these companies could face astronomical liabilities if global AI demand falls ...
Wolf Street
Legal Tender News
Legal Tender Forces Gold Out -
The government has many ways of forcing us to use their paper dollar as money. The tax on capital gains on gold (I wrote about this here) is one bullet in their gun. The legal tender law—U.S. Code ...
These Countries May Be Next To Accept Bitcoin as Legal Tender -
One of the main knocks against cryptocurrency has always been that it will never gain universal adoption, meaning its usefulness will always be limited. This perhaps changed forever on September 7, ...
What Is Considered Legal Tender in the US? -
"Legal tender" means that the financial instrument in question legally serves to pay any public or private debt. Federal law guarantees its printed value regardless of its intrinsic convertible value, ...
This Day In Market History: Legal Tender Act Of 1862 -
What Happened? On this day in 1862, U.S. President Abraham Lincoln signed the Legal Tender Act into law. Where The Market Was: The Legal Tender Act predates both the S&P 500 and the Dow Jones ...
Legal tender and electronic payments – can we insist on paying in cash? -
Answer lies in common law's approach to concept of legal tender When a tourist tried to pay for a burger in cash at a Tsim Sha Tsui restaurant in 2023, staff refused. The outlet accepted only cards ...
CoinDesk
Kalshi rolls out Midterm Hubs ahead of the November elections in the U.S. -
The prediction markets platform seeks to position itself as the primary source for election odds ahead of the midterm elections this year.
Midnight token rebounds 19% after Wanchain bridge hack, Hoskinson calls for ZK revamp -
Charles Hoskinson says the exploit, which briefly sent NIGHT to an all-time low, underscores why the industry needs to move beyond legacy bridge infrastructure.
Here's why bitcoin bulls should take a closer look at interest rates -
Your day-ahead look for July 22, 2026
SecondFi to shut down after $2.4 million ADA wallet theft -
The breach stemmed from a vulnerability in transaction signing software that enabled the derivation of private keys from blockchain transaction data.
Bitcoin retreats from one-month high as oil tops $85, inflation concerns resurface -
BTC retreated from a one-month high as WTI crude topped $85 for the first time since June, reigniting inflation concerns and pushing investors toward gold, silver and the safety of bitcoin over altcoins.
Kraken parent expands tokenized stocks to Hong Kong, UK and South Korea equities -
Payward's xStocks pushes beyond U.S. equities as competition to bring global stock markets onchain accelerates.
Balance stablecoin collapses 99% after $1 million exploit drains its bitcoin vaults -
An attacker fed the lending system a fake, abnormally low bitcoin price, liquidated vaults that should have been safe, and pocketed the difference in a single transaction.
Live updates: Bitcoin slips under $66,000 as oil's surge sacks strength from risk markets -
Later on Wednesday, Alphabet's earnings should give a sign of whether the hundreds of billions going into AI is paying off.
AI models escaped OpenAI’s sandbox and hit Hugging Face. Crypto is where that gets dangerous -
OpenAI said the systems had their cyber guardrails lowered for an internal benchmark, but the incident shows how autonomous exploit chains could pose a deeper threat to smart contracts.
Bitcoin holds near $66,300 as chips extend their rally and the yen hits a 40-year low -
Semiconductor stocks led a second day of gains on AI optimism, while the yen slid past 163 per dollar for the first time since 1986.
bitcoin.com
BIS Warns Stablecoins Are Breaking Capital Controls as Dollarization Accelerates -
The Bank for International Settlements (BIS) says U.S. dollar-pegged stablecoins are repeating a pattern central banks have watched for decades, and the regulatory tools that used to work no longer apply. A Bank for International Settlements (BIS) working paper published in July 2026 by BIS economists Boris Hofmann, Aaron Mehrotra, and Jan Paulick compares the […]
The Digital Chamber Sues the State of Illinois Over First-Ever 0.2% Crypto Tax -
The Digital Chamber, a crypto trade association led by CEO Cody Carbone, sued the state of Illinois over its new Digital Asset Tax Act, becoming the first industry group to challenge the nation’s first state-level tax targeting crypto business activity. A 0.2% Tax on Every Transfer The Digital Chamber filed its complaint in Sangamon County […]
Bitcoin Ownership Overtakes Gold as 49.6 Million Americans Now Hold BTC -
Bitcoin has overtaken gold as the preferred hard asset among American investors, according to bitcoin financial services firm River. The firm found that 49.6 million Americans, or 18.6% of the adult population, now own bitcoin, compared to 28.8 million, or 10.8%, who hold gold. Bitcoin Adoption Outpaces a 5,000-Year-Old Rival River, a bitcoin-focused financial services […]
Treasury Secretary Bessent Says CLARITY Act Is at the ‘1-Yard Line’ -
Scott Bessent has said that the CLARITY Act is at the “1-yard line” and urged Congress to pass it before recess, even as Senator Kirsten Gillibrand faces backlash from progressive groups over her role brokering the bill’s ethics provisions. A Bill ‘Almost There’ Bessent told Bloomberg that the digital asset market structure bill, formally the […]
SUI Trader Eyes $5 Target as Expert Sees ‘Early Recovery Signs’ -
Some analysts are calling SUI’s chart the “cleanest” in crypto at the moment, naming $5, $8, and $13 as potential near-term targets. The call that landed the same month, analyst Michael van de Poppe flagged SUI among altcoins showing “early signs of recovery.” A Bullish Call, Unconfirmed by the Chart Onchain analysts suggest that SUI […]
Reason
Deliberately Arming Oneself to Answer Door to Police May Be "Privileged" Against "Obstructing Official Business" Prosecution -
But I wouldn't recommend it.
How Did Support for International Humanitarian Law and Norms Morph into Support for Hamas and its Goals? -
At his Substack, Shany Mor reflects on the revealed preferences since 10/7 of the Western NGOS, individuals, and governmental institutions…
The post How Did Support for International Humanitarian Law and Norms Morph into Support for Hamas and its Goals? appeared first on Reason.com.
Odd January 6 Trial Follow-On: Copying Expert's Report from Another Case, to File It in Your Case, May Infringe Copyright -
From Olson v. McBride Law Firm, PLLC, decided yesterday by Judge Naomi Reice Buchwald (S.D.N.Y.); seems correct to me: In…
The post Odd January 6 Trial Follow-On: Copying Expert's Report from Another Case, to File It in Your Case, May Infringe Copyright appeared first on Reason.com.
Today in Supreme Court History: July 22, 1937 -
7/22/1937: The Senate voted down President Roosevelt's Court-Packing plan, 70-20.
The post Today in Supreme Court History: July 22, 1937 appeared first on Reason.com.
Brickbat: That's the PITs -
Four Georgia State Patrol troopers were fired after an internal investigation found they tried to profit from police pursuits by…
The post Brickbat: That's the PITs appeared first on Reason.com.
Open Thread -
What’s on your mind?
Trump's Threats To Yank Broadcast Licenses Are Part of a Speech-Chilling Intimidation Campaign -
FCC Chairman Brendan Carr seems to think TV stations are legally obligated to please the president.
Fired U.S. Attorney In Washington Files Case That Should Overrule Whatever Remains Of Morrison v. Olson -
Justice Scalia was right. Federal courts should not be allowed to appoint federal prosecutors who cannot be fired.
"So You're About to Start Law School" -
A video lecture for entering 1Ls.
Chief Justice Roberts Broke The Fourth Wall in Cook -
This unusual opinion suggests something happened behind the scenes over the past ten months.
Cato Institute
Tenth Amendment Center
Constitution: The REAL Reason it Even Exists. -
The founders knew - freedom cannot exist with a government - that doesn’t have strict rules, a clear line in the sand that it’s not allowed to cross. In other words, when government determines the extent of its own power. On this episode, how lessons learned in the American Revolution gave birth to the written constitution. And more importantly, the real reasons it exists - that the government-...
The Foundation of the Constitution: Top-5 Principles from the American Revolution -
Thomas Jefferson called the 10th Amendment the "foundation of the Constitution," and for good reason too. It enshrines many of the radical principles that sparked the “real American Revolution” in the years before the War for Independence.
The post The Foundation of the Constitution: Top-5 Principles from the American Revolution appeared first on Tenth Amendment Center.
Five Weapons. One Target: Your Freedom. -
The top tools of tyrants aimed right at your liberty. Washington, Webster, Paine, Madison, and more - they saw every one of them coming and warned us. On this Episode - what they use against us and what’s self-inflicted.
The post Five Weapons. One Target: Your Freedom. appeared first on Tenth Amendment Center.
Electronic Frontier Foundation
New EU Court of Justice Ruling on Platform Liability Could Cause Collateral Damage to Freedom of Expression -
Intermediary liability laws around the world recognize that social media platforms, search engines, and other online service providers have become an integral part of our lives: they shape how we access information, communicate with others and participate in public debate, and foster innovation online. These laws generally shield platforms, to varying degrees, from legal liability for user cont...
Protect Your Privacy with California's DROP Tool -
Are you a California resident? Then we've got exciting news for you: there's a tool just for you that lets you take a single, relatively easy step to protect your privacy.
It's called a DROP request. (That's Delete Request and Opt-out Platform, if you're fancy). This one bit of paperwork lets you tell every data broker registered in the state of California that you'd like them to delete your i...
An Explosion of Surveillance Towers is Coming to U.S. Borders, Costing Over $1 Billion -
A new report from the Government Accounting Office reveals that the Department of Homeland Security (DHS) plans to nearly triple the number of surveillance towers along U.S. borders, from the current 830 to 2,300 by 2034.
DHS expects to expend $1 billion in taxpayer dollars for this dangerous expansion of a surveillance network indiscriminately trained on towns, school playgrounds, backyards, a...
The Institute For Justice - Press Releases
Second Amendment Foundation
TAURUS RENEWS PLATINUM-LEVEL CORPORATE PARTNERSHIP -
BELLEVUE, Wash. — April 24, 2025 — The Second Amendment Foundation (SAF) is pleased to announce that Taurus Holdings Inc. has renewed their commitment to the organization as a Platinum-level corporate partner. “At Taurus, we believe that the right to keep and bear arms is fundamental to the American way of life,” said Taurus USA
The post TAURUS RENEWS PLATINUM-LEVEL CORPORATE PARTNERSHIP appear...
CA NON-RESIDENTS CAN APPLY FOR CARRY PERMIT STARTING APRIL 22 -
BELLEVUE, Wash. — April 22, 2025 — Thanks to a preliminary injunction in the Second Amendment Foundation’s (SAF) case CRPA v. LASD, starting Tuesday, April 22, non-resident SAF members can apply for a California carry permit. The injunction requires that California accept permit applications from any United States resident outside the state who is a
The post CA NON-RESIDENTS CAN APPLY FOR CARR...
SCOTUS DENIES CERT IN WORTH, SAF WIN IN EIGHTH CIRCUIT STANDS -
BELLEVUE, Wash. — April 21, 2025 — In a case that could potentially have far-reaching implications for similar lawsuits across the nation, the U.S. Supreme Court has denied Minnesota’s Petition for Writ of Certiorari in Jacobson v. Worth, the Second Amendment Foundation’s (SAF) challenge to the 18-20-year-old carry ban in the state. Minnesota asked the
The post SCOTUS DENIES CERT IN WORTH, SAF ...
Gun Owners of America
Gun Owners of America Sues U.S. Virgin Islands Over Unconstitutional Ban on Nonresident Right to Bear Arms -
Gun Owners of America Sues U.S. Virgin Islands Over Unconstitutional Ban on Nonresident Right to Bear Arms FOR IMMEDIATE RELEASE July 20, 2026 CHARLOTTE AMALIE, USVI — Gun Owners of America (GOA) and Gun Owners Foundation (GOF) have filed a federal lawsuit challenging the U.S. Virgin Islands’ prohibition on nonresidents exercising their Second Amendment rights. The lawsuit argues the USVI ...
WY: Which Candidates Will Defend Your Gun Rights? -
The Wyoming Primary Election is quickly approaching, and your vote will help determine who will defend your Second Amendment rights in the years ahead. Gun Owners of America has completed our candidate evaluations and issued letter grades for a number of candidates across Wyoming based on their records, voting histories, responses to GOA’s candidate survey, and demonstrated commitment to protec...
DOJ Fights Us on NFA and GOA Files PA Lawsuit -
From the ATF issuing a new rule, strengthening the definition of “willfully” to protect FFLs and gun owners, to the Department of Justice fighting us on our lawsuit against the NFA’s registration requirements, and filing our latest lawsuit against the State of Pennsylvania… GOA has been busy. You deserve an update. Recently, the ATF issued a new Notice of Proposed Rulemaking indicating they are...
Banking Dive
How Bank of America’s rewards program courts Gen Z -
The bank’s redesigned loyalty program, which made it easier to become a member, added more than 3 million customers in the seven weeks since launch.
Bank of America upgrades customer service employee tool -
Generative AI capabilities added to EricaAssist will allow customer service employees to handle client inquiries more quickly, the lender said.
Celsius founders to pay FTC $16.5M -
Alex Mashinsky and Shlomi Daniel Leon are banned from marketing or selling products to deposit, exchange, invest or withdraw assets. Hanoch Goldstein must not market or sell crypto-trading products.
Fed bans former Illinois bank exec -
James Burns, a former chief lending officer, approved loans based on inflated appraisals, causing the acquirer of his employer to lose money.
CFPB nominee Johnson agrees to Capital One recusal -
The bank executive, who faces the Senate Banking Committee on Thursday, pledged to forfeit any unvested Capital One restricted stock. The bank, however, is letting him keep bonuses from 2024 and 2025.
American Banker
Bank of International Settlements
What drives exchange rate pass-throughs? Evidence from a non-parametric method -
by Emanuel Kohlscheen, Aaron MehrotraWe provide new evidence on the drivers of the pass-through of exchange rate movements into consumer prices across four decades and close to a hundred countries, combining econometrics and random forests. Random forests are particularly useful for modelling highly non-linear relationships, as well as for identifying the relative importance of the different th...
Dollarisation and monetary control: what lessons for the rise of stablecoins? -
by Boris Hofmann, Aaron Mehrotra, Jan PaulickThe emergence of stablecoins has created a new channel to access US dollar liquidity in emerging market and developing economies (EMDEs), similar to the historical role of foreign currency deposits, or "deposit dollarisation". This has raised concerns about the possible implications for monetary control in EMDEs. Drawing on data on foreign currency d...
A Mythos moment? Frontier AI and cyber risk -
by Iñaki Aldasoro, Raphael Auer, Jon Frost, Fernando Perez-CruzFrontier artificial intelligence (AI) models increase the speed, scale and complexity of cyber attacks, and they also strengthen cyber defence. But the costs are asymmetric and may favour attackers. The medium-term impact on systemic cyber risk depends on the various actors' access to the most advanced tools, on compute power to run...
Federal Reserve - Press Releases
FDIC - Press Releases