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Fin Watch
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Daily Fresh Financial News.
Global Market Updates.

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📣 BREAKING: 🇪🇺 The European Central Bank Raises Interest Rates By 50 Basis Points.

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📣 Ledger launches browser extension to improve crypto wallet connectivity

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💼 First Republic Bank executives sold $12 million in stocks two months before the crash.

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📣 First Republic $FRC poised to receive $30 billion in deposits from big US Banks JPMorgan $JPM and Morgan Stanley $MS

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📣 In New York City, a $100,000 salary feels like $36,000, per Bloomberg.

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🇺🇸 US banks borrowed $164.8 billion from the Federal Reserve over the past week, a new record.

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📣 The FED added 300 billion to their balance sheet last week

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📊 In the past week:

- Fed created $2T lending window
- Fed reverses QT increasing BS by $300B
- Fed discount window hits record $150B in borrowing
- US Government took control of two banks shutting down crypto-fiat settlement networks
- FRB gets $30B backstop by major banks
- Credit Suisse gets $50B bailout - ~6% of Swiss GDP

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📈 Bitcoin jumps above $26,000 to reach highest since June 2022

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🇨🇳 The People's Bank of China announced its decision to cut the reserve requirement ratio for financial institutions by 0.25% on March 27, 2023.

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🚨🚨 BREAKING: Silicon Valley Bank has officially filed for bankruptcy.

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📊 World Indices :

SPX - 3,947.20 (-0.33%)

🚀 Cryptocurrencies :

Bitcoin USD - 26,489.34 (6.43%)
Ethereum USD - 1,738.86 (4.65%)

🌟 Commodities :

Silver - 22.18 (2.25%)
Gold - 1,954.60 (1.64%)
Crude - 67.07 (-1.87%)

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📉 Bank Of America Shares Fall To Lowest Level Since December 2020

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🆘BREAKING: International Criminal Court Judges Issue Arrest Warrants Against Russian President Vladimir Putin.

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📷 Instagram officially begins selling verification for $11.99 / month in the US.

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📉 Tiger Global lost $23 Billion in its Venture Fund in 2022

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🎵 TikTok under investigation for possible spying on U.S. citizens

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📣 BREAKING: 🇨🇳 China's president Xi Jinping to visit Russia on 20th of March.

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‼️ Reported bankruptcies of 5 banks in about a week

1st Place: Silvergate Bank
2nd Place: SVB
3rd Place: Signature Bank
4th Place: First Republic Bank
5th Place: Credit Suisse

The WSJ reports that more than 186 banks have found vulnerabilities similar to Silicon Valley Bank.

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📣 The World's largest ETF the SPDR S&P 500 $SPY had $7.3 Billion of inflows yesterday its most since November 2020

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