India reaffirms confidence in Aadhaar technology, calls Moody’s opinions baseless | Mint
https://www.livemint.com/news/india/india-reaffirms-confidence-in-aadhaar-technology-slams-moodys-concerns-11695688866612.html
https://www.livemint.com/news/india/india-reaffirms-confidence-in-aadhaar-technology-slams-moodys-concerns-11695688866612.html
Alternative headline: Switzerland Unveils Swiss Banking Clampdown Switzerland unveils money laundering clampdown – https://on.ft.com/3qY2qFO via @FT
None of these UK mortgage payment shock solutions deal with the underlying problem and they actually make the problem worst. A 12 month grace period won’t solve the problem and assuming interest accrues during the grace period borrowers are worse off. Neither borrower income nor integrates are likely to change much, hence the grace period …
Important NY law limiting ability of vulture funds to squeeze countries defaulting on their debt. New York rewrites the rules on sovereign debt restructurings – https://on.ft.com/3ORKpmc via @FT
https://finance.yahoo.com/amphtml/news/dollarization-started-odds-chinas-yuan-020938603.html
https://www.linkedin.com/posts/rod-dubitsky-0aa94118_why-first-citizens-got-a-165-billion-discount-activity-7046165834418810881–n5i?utm_source=share&utm_medium=member_android
https://www.linkedin.com/posts/rod-dubitsky-0aa94118_first-republic-rescue-may-rely-on-us-backing-activity-7044077812265185280-GQP1?utm_source=share&utm_medium=member_android
Breaking: Swiss National Bank offers support to Credit Suisse Potentially good news though troubling that such an announcement was necessary. I would note that Credit Suisse’s assets are about equal to the GDP of Switzerland. Not apples to apples but rather an indication of potential limits to SNB support for CS. https://www.washingtonpost.com/business/2023/03/15/svb-banking-credit-suisse-stocks/
Silicon Valley Bank’s Collapse Caught Regulators Off Guard https://www.wsj.com/articles/where-were-the-regulators-as-svb-crashed-35827e1a
https://sifted.eu/articles/monzo-tom-blomfield-quits/