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Posts published in “Banks”

Unlimited QE or the Willy Wonka Money Factory

Financial crises recur in part because memories fade.” – Ben S. Bernanke, Timothy F. Geithner and Henry M. Paulson Jr in “Firefighting: The Financial Crisis and Its Lessons.”

Neel Kashkari, president of the Federal Reserve Bank of Minneapolis told CBS’s “60 Minutes” that “there is an infinite amount of cash in the Federal Reserve. We will do whatever we need to do make sure there’s enough cash in the banking system.”

Deutsche Bank: Inflation Could Lead to Increased Cryptocurrency Adoption

Deutsche Bank says that inflation could become “more embedded” in the world economy, leading people to later question fiat money. The bank predicts “demand for alternative currencies will therefore likely be significantly higher by the time 2030 rolls around.”

The bank even wonders if, as authorities will face policy dilemmas as they try to balance higher yields with record debt levels, fiat currencies will survive.

Here’s How Goldman Sachs Private Equity Clients Prepare for Recession

Goldman Sachs’ private equity clients are bracing for a recession. “Every one of our clients is focused on being prepared for a recession,” said Alison Mass, the bank’s chairman of investment banking.

While interviewed on Bloomberg TV, Mass said the bank’s clients are creating checklists of ways in which to navigate a recession.

You Can Now Bank with Metropolitan Bank with Crypto Banking App Cashaa

U.K.-based Cashaa, a cryptocurrency banking platform, has launched bank accounts for U.S.-based crypto firms in U.S. dollars.

Cashaa is offering the accounts through a partnership with Metropolitan Commercial Bank, which saw a more than 300-percent increase, year-on-year, in its non-interest income. Metropolitan Commercial Bank, which is headquartered in New York City, is a full-service commercial bank with banking centers in Manhattan, Boro Park Brooklyn and Great Neck, Long Island.