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
Switzerland unveils money laundering clampdown
Alternative headline: Switzerland Unveils Swiss Banking Clampdown Switzerland unveils money laundering clampdown – https://on.ft.com/3qY2qFO via @FT
Mortgage 12-month grace period: what’s in it for you?
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 …
New York rewrites the rules on sovereign debt restructurings
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
Declaration of Dollar Death is Premature
https://finance.yahoo.com/amphtml/news/dollarization-started-odds-chinas-yuan-020938603.html
Silicon Valley Bank Sold
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
Bailouts Continue
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
Swiss National Bank to give Credit Suisse financial support ‘if necessary’ – The Washington Post
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 – The Wall Street Journal.
Silicon Valley Bank’s Collapse Caught Regulators Off Guard https://www.wsj.com/articles/where-were-the-regulators-as-svb-crashed-35827e1a
Monzo founder Tom Blomfield is quitting the digital bank after asking execs for “help” | Sifted
https://sifted.eu/articles/monzo-tom-blomfield-quits/