Monday☕️
Trending:
- Banks
- Formula 1
Markets/Economies:
- Five years of S&P 500 performance:
- Five years of Bitcoin performance:
Banks:
- UBS (Union Bank of Switzerland) has agreed to acquire Credit Suisse.
- UBS will pay 3 billion Swiss francs ($3.23 billion) for 167-year-old Credit Suisse and will assume up to $5.4 billion in Credit Suisse losses in a deal backed by the Swiss Government.
- Statement from Swiss President: "UBS deal was the best solution to end the crisis."
- The Federal Reserve joined with the central banks of Canada, England, Japan, EU, and Switzerland in a coordinated action to enhance banking liquidity (link below).
Formula 1:
- Race results for the Saudi Arabian Grand Prix 2023:
- Next race: The Australian Grand Prix March 31st-April 2nd
- Circuit: Melbourne Grand Prix Circuit.
Statistic:
- The oldest bank still in operation today is Banca Monte dei Paschi di Siena, established in 1472 in Italy.
- The Federal Reserve System, the central banking of the United States, was established in 1913.
Article Links:
Central Bank Interest Rates
Central bank interest rates are one of the most important tools central banks use to influence the economy worldwide. These rates are set by the central bank and are used to influence borrowing, lending, and spending throughout the economy. In this article, we will explore the origins of central ban…
Time Is Money
Ethereum Explained
Ethereum is a platform that has redefined the possibilities of blockchain technology. This decentralized platform, built for creating and deploying smart contracts and decentralized applications (dApps), has far-reaching implications across various industries. This comprehensive guide will dive deep…
Time Is Money
Artificial Intelligence:
Artificial intelligence, or AI, is a computer science and engineering field that focuses on developing intelligent machines that can think like humans. These intelligent systems are designed to learn from data and experiences and can adapt and make decisions independently. This process is known as m…
Time Is Money
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