bank of england

It was called Silicon Valley Bank, but its collapse is causing shockwaves around the world.

Recent upheaval in the cryptocurrency markets shows the sector is subject to similar risks as conventional investments, underscoring the need for regulation to protect against the "false allure" of a quick profit, Federal Reserve Vice Chair Lael Brainard has said.

U.S. President Donald Trump on Thursday said he's "not a fan" of cryptocurrencies, and suggested that Facebook may need a banking charter if the company wants to launch Libra.

In a series of Twitter posts, Trump said cryptocurrencies are not money and "Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity."

Britain and the EU agreed Thursday to hold more talks to try to avoid a no-deal Brexit, after a "robust" meeting between Prime Minister Theresa May and European Commission chief Jean-Claude Juncker, reports AFP. 

MarketWatch - As worries about Italy and Spain's governance whack European markets on Tuesday, George Soros is adding to the downbeat mood.

The 87-year-old Hungarian-American, known as the investor who broke the Bank of England, has offered the following bleak assessment in a speech in Paris to the European Council on Foreign Relations