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CATEGORY: downgrade

First Republic Bank’s Shares Downgraded to Junk Status by S&P Global; Stock Slides More Than 25% Lower
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Mar 20, 2023 10:30

First Republic Bank’s Shares Downgraded to Junk Status by S&P Global; Stock Slides More Than 25% Lower

After UBS acquired Credit Suisse and close to a dozen financial institutions injected $30 billion into First Republic Bank four days ago, S&P Global downgraded First Republic’s shares to junk status on Sunday. Investors are concerned that the cash infusion from 11 major financial institutions may not address the bank’s liquidity issues. First Republic’s shares [...]

The post First Republic Bank’s Shares Downgraded to Junk Status by S&P Global; Stock Slides More Than 25% Lower appeared first on Crypto Breaking News.

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Personal Finance Expert Says US Rating Downgrade Likely to Embolden BRICS Currency Supporters
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Aug 06, 2023 02:10

Personal Finance Expert Says US Rating Downgrade Likely to Embolden BRICS Currency Supporters

The American rating agency Fitch’s recent downgrade of the United States’ credit rating from AAA to AA+ may embolden proponents of a BRICS currency, Riley Adams, a personal finance expert, has said. Adams however argues that there are certain “geopolitical issues” that must be overcome first before the BRICS currency becomes a reality. Debt Ceiling [...]

The post Personal Finance Expert Says US Rating Downgrade Likely to Embolden BRICS Currency Supporters appeared first on Crypto Breaking News.

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Economist Peter Schiff Warns US Dollar Collapse ‘Inevitable’
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Aug 05, 2023 05:50

Economist Peter Schiff Warns US Dollar Collapse ‘Inevitable’

Economist Peter Schiff has warned of an impending collapse of the U.S. dollar even though he sees Fitch’s downgrade of the U.S. rating this week as “meaningless.” While cautioning about a financial crisis and a crash, Schiff emphasized: “Given the trajectory of U.S. government deficit spending, a dollar collapse is inevitable.” Schiff on US Rating [...]

The post Economist Peter Schiff Warns US Dollar Collapse ‘Inevitable’ appeared first on Crypto Breaking News.

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White House, Yellen Slam Fitch’s US Rating Downgrade — Biden Officials Call It ‘Bizarre and Baseless’
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Aug 03, 2023 05:50

White House, Yellen Slam Fitch’s US Rating Downgrade — Biden Officials Call It ‘Bizarre and Baseless’

Fitch Ratings has downgraded the United States’ debt rating. Biden officials call the downgrade decision “bizarre and baseless.” Both the White House and U.S. Treasury Secretary Janet Yellen strongly disagreed with the downgrade decision. Yellen claimed that the change by Fitch Ratings “is arbitrary and based on outdated data.” Fitch Downgrades US Rating Fitch Ratings, [...]

The post White House, Yellen Slam Fitch’s US Rating Downgrade — Biden Officials Call It ‘Bizarre and Baseless’ appeared first on Crypto Breaking News.

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Coinbase stock will be ‘weighed down’ until US rules are clear: Citi
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 03, 2023 05:50

Coinbase stock will be ‘weighed down’ until US rules are clear: Citi

Crypto exchange Coinbase’s stock price will continue to be “weighed down” until regulators establish the legal “rules of the road” in the United States, according to investment analysts from Citi. As per reports on May 1, the investment bank downgraded shares of the crypto exchange from “Buy” to “Neutral” and lowered its price target — [...]

The post Coinbase stock will be ‘weighed down’ until US rules are clear: Citi appeared first on Crypto Breaking News.

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