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Fitch Ratings Cuts the U.S. Credit Rating from AAA to AA+
The agency cited anticipated fiscal deterioration in the coming three years, an erosion of governance, and a growing general debt burden as the reasons for the downgrade. Previously, Fitch Ratings had already downgraded the U.S. rating to AA+ in 2011, after Washington successfully averted a defaultCommercial English Banks Could Be Denied Access to CBDCs
Andrew Bailey, the Governor of the Bank of England, recently spoke in Washington about the challenges facing the financial system, as well as potential solutions and the overall state of the economy. During his speech, he also discussed topics such as cryptocurrencies, stablecoins, and CBDCs.Bitcoin Gets a Boost Amid First Republic Bank's Bankruptcy
The crisis plaguing American regional banks intensifies. First Republic Bank (FRB) bankruptcy has become the second-largest in U.S. history, after the collapse of Washington Mutual Inc. in 2008. As of the end of April, FRB's shares plummeted by 73%.1 - 13 of 13 results