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If Credit Suisse Filed for Bankruptcy, a Swiss Authority Claims That There Would Be a Full-Scale Bank Run in Switzerland

Allowing the bankruptcy of troubled lender Credit Suisse would have crippled Switzerland’s economy and financial center and likely resulted in deposit runs at other banks, Swiss regulator FINMA said Wednesday.
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JPMorgan’s Dimon Claims the US Financial Crisis Is Still Ongoing and Will Have Long-Lasting Effects

The U.S. banking crisis is ongoing and its impact will be felt for years, JPMorgan Chase & Co CEO Jamie Dimon wrote in a letter to shareholders on Tuesday.
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Using the Tencent Mobile Framework, Tencent Cloud International Enables Canadia Bank to Launch a Brand-New Mobile Banking App

Tencent Cloud International today announced its support to Canadia Bank to launch the Bank's all-new mobile banking app in Cambodia, creating a top-tier digital banking experience for the Bank's customers.
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Goldman Sachs Notes an “Encouraging Sign” In Google Search Data Regarding the Banking Crisis

Maybe Treasury Secretary Janet Yellen and Fed chief Jerome Powell have done just enough - for now - to temper consumer concerns about the state of the U.S. banking system.
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The Failure of Silicon Valley Bank Was a “Lehman Moment for Technology,” According to a Prominent Dealmaker at Goldman Sachs

The collapse of Silicon Valley Bank was a “Lehman moment” for the technology industry, according to a top Goldman Sachs deal-maker.
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A Morgan Stanley Strategist Claims That Bank Stress Indicates Bear Market End

Morgan Stanley’s Michael Wilson said the stress in the banking system marks what’s likely to be a painful and “vicious” start of an end to the bear market in US stocks.
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Due to Pressure on Small Banks, Which Are Vital to the US Economy, Goldman Sachs Lowers Its GDP Prediction

Goldman Sachs on Wednesday lowered its 2023 economic growth forecast, citing a pullback in lending from small- and medium-sized banks amid turmoil in the broader financial system.
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94% of Banks Want to Invest in Modern Payment Technology to Keep Up with Developments in Fintech

Aite-Novarica Group research reveals that payments is an important area of growth and innovation within the commercial banking space, and legacy systems cannot support end-user demand for better payment capabilities.
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Credit Suisse CEO Blasts ‘Really Stupid’ Takeover Rumor

Most chief executive officers, when asked if their firm is for sale, would give a boring, lawyer-approved response about how their company does not...
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Eurozone Interest Rates Set To Rise For First Time In 11 Years

The European Central Bank (ECB) has said it intends to raise interest rates for the first time in more than 11 years next month...
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