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10.04.26 - 10:01
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Odd Lots: How Shipping Insurance Works During a War (Podcast) (Bloomberg)
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When the conflict with Iran started, some of the first headlines we saw had to do with shipping insurance. Marine insurers were said to be canceling war risk coverage for vessels going through the Strait of Hormuz. Premiums were said to surge. Meanwhile, the Trump administration announced it would offer its own insurance for ships traversing the Gulf, in an effort to get things moving again. So why is insurance such a crucial part of maritime trade? And how does the system actually work? In this...
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09.04.26 - 09:06
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More Chinese banks claw back bonuses, cut salaries despite mixed profit recovery (SCMP)
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Several major Chinese banks have clawed back staff bonuses or cut salaries amid a sluggish economic recovery and Beijing's ongoing scrutiny of the financial sector.
In their annual reports, an increasing number of lenders, ranging from state-owned institutions to commercial banks, are disclosing the amount of performance-based compensation reclaimed from their employees last year.
State-owned Bank of China recovered 47.18 million yuan (US$6.9 million) from 4,630 individuals in 2025, according to......
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08.04.26 - 22:45
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Stablecoin Yields Won′t Harm Banks, White House Economists Say (ZeroHedge)
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Stablecoin Yields Won't Harm Banks, White House Economists Say
Authored by Amin Haqshanas via CoinTelegraph.com,
A White House report found that banning yield on stablecoins would have a marginal impact on bank lending while creating clear economic downsides.
According to the Council of Economic Advisers, a three-member agency within the Executive Office of the President tasked to offer the president economic advice, moving funds from stablecoins back into bank deposits would not translate into significant new lending. Under its baseline scenario, total bank lending would increase by about $2.1 billion, roughly 0.02% of the $12 trillion loan market.
The report, published Wednesday, says that community banks would see even smaller gains. Lending at these institutions would increase by roughly $500 million, or about 0.026%.
The findings come amid an ongoing clash between banks and the crypto industry over stablecoin yields. Banking organizations, including the Independent Community Bankers of ...
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