emergency

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Wharton Professor Calls for Emergency Rate Cut Following Market Downturn

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Jeremy Siegel, a finance professor and chief economist, has called for an emergency 75 basis point cut in the fed funds rate following a market downturn. He emphasized the necessity of this cut and suggested another rate cut next month to align with the Federal Reserve’s targets on inflation and employment. Siegel warned that failing … Read more

Systemic Swiss Banks Not Ready for Crisis, Regulator Says

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Switzerland’s financial regulator is not satisfied with the emergency plans of two of the Alpine nation’s five major banks. The assessment refers to a period prior to the rescue of Credit Suisse by UBS when the authority viewed the troubled giant’s preparedness in positive terms. 2 Swiss Banks Unable to Implement Recovery Plans, Finma Finds … Read more

Sending Cash to Friends and Family Through Bitcoin ATMs Is Safer Than Crowding Bank Offices During Pandemic

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Transferring money over traditional channels may involve a lot of queuing in lines these days. Authorities around the world are trying to prevent large groups of people gathering in confined spaces to reduce the risk of transmitting the coronavirus infection. Remittances are a lifeline for people in many countries and cryptocurrency ATMs provide a way … Read more

These Online Stores Will Sell You Masks, Gloves, Emergency Items for Cryptocurrency

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Events like the global coronavirus outbreak provide good justification for some prepping. Crises like this often result in shortages and skyrocketing prices of important emergency items, proving that everyone should keep a box of face masks and even a decent survival kit, should things go really bad. The pandemic scare affected crypto holders this week … Read more