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Deutsche Bank warns that the Federal Reserve's potential withdrawal of its liquidity backstop could jeopardize the dollar's status as a reserve currency, marking the most significant risk since World War II. Concerns about the reliability of Fed swap lines may prompt global de-dollarization, especially among Western allies, as countries like China and Russia continue to reduce their reliance on the US financial system. The Fed's role as the world's lender of last resort is crucial, and any hesitation to provide liquidity could lead to increased demand for dollars and destabilize US asset markets.
UBS shares fell 3.5% to CHF 28.49 during Thursday's trading, marking a low of CHF 27.88. The stock is currently 26.45% above its 52-week low of CHF 22.53 and has a 52-week high of CHF 32.88. UBS reported a significant revenue drop of 45.47% year-on-year, with CHF 10.21 billion for the last quarter.
A recent survey reveals that most banks in the EU are struggling to meet the growing demand from crypto investors. This gap highlights the challenges financial institutions face in adapting to the rapidly evolving cryptocurrency market. As interest in digital assets surges, banks must innovate to keep pace.
The Central Bank of the UAE has introduced a new symbol for the dirham, enhancing its global recognition and reflecting the nation's financial transformation. This initiative coincides with the launch of the Digital Dirham, a central bank digital currency set to improve payment systems and financial inclusion, with retail issuance expected by late 2025. The UAE also became the first Arab central bank to adopt the FX Global Code, reinforcing its commitment to integrity and transparency in financial markets.
Bank of America analysts suggest that the concept of a "Trump put" reflects a belief that the president would intervene to stabilize markets during downturns, similar to the historical "Greenspan put" associated with the Federal Reserve. Despite initial market optimism following Trump's election, ongoing tariff threats have created volatility, with recent reports indicating potential adjustments to trade policies. The Fed's cautious stance on interest rates further highlights concerns about economic growth amid inflation pressures.
Wyoming Governor Mark Gordon has announced plans for the state to issue a stablecoin by July 2025. This initiative aims to enhance the state's financial technology landscape and provide a stable digital currency option for residents and businesses.
UBS has proposed capping the size of its investment bank to address concerns from Swiss regulators regarding increased capital requirements following its takeover of Credit Suisse. The bank aims to limit the investment bank to 25% of its risk-weighted assets to mitigate risks, while executives warn that stricter capital reforms could harm its competitiveness. Swiss officials remain firm on ensuring the bank's systemically important parts can be separated in a crisis, despite UBS's lobbying efforts.
The Swiss proposal regarding UBS capital rules is now expected to be released in June, shifting from the previously anticipated timeline of May, according to a spokesman. This adjustment highlights ongoing developments in the regulatory landscape for the banking sector.
Brazil is rapidly emerging as a key player in the global cryptocurrency market, with Nubank, backed by Warren Buffett, expanding its offerings to include four new altcoins—Cardano, Near Protocol, Cosmos, and Algorand—bringing its total to 20 digital assets. This growth reflects a broader trend of increasing digital currency adoption in Brazil, where stablecoins account for 90% of transactions, and the government is exploring legislation to allow salary payments in Bitcoin. Nubank's revenues have surged from $245 million in 2021 to nearly $3 billion in 2024, underscoring the rising demand for crypto services in the region.
The director of the documentary "Game Over - The Collapse of Credit Suisse," Simon Helbling, revealed he faced significant pressure to not produce the film, which explores the bank's troubled history, including its U.S. expansion and eventual demise. The film highlights critical events, including the 1977 Chiasso scandal and the bank's costly decisions leading to its collapse, ultimately taken over by UBS in 2023. Meanwhile, the EU General Court confirmed a €172 million fine against UBS for cartel activities, and the Federal Court annulled the election of Senator Simon Stocker due to residency issues.
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fears over fed backstop could undermine dollar's reserve currency status
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17:21 27.03.2025
UBS shares decline 3.5 percent amid significant trading volume
14:08 27.03.2025
eu banks struggle to satisfy growing demand from crypto investors
13:32 27.03.2025
UAE introduces new dirham symbol and advances digital currency initiative
12:41 27.03.2025
market reactions to trump's policies and the concept of a trump put
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09:57 27.03.2025
Wyoming governor proposes stablecoin issuance by July 2025
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15:50 26.03.2025
Swiss UBS capital rules proposal expected in June not May
15:14 26.03.2025
Nubank expands crypto offerings with four new altcoins for Brazilian users
14:27 26.03.2025
credit suisse documentary reveals pressure and insights into banking collapse
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14:23 26.03.2025
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