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Binance CEO CZ Doubts Banking System’s ‘Free Market’ Credentials

By Anvesh Reddy at 2024-11-21 17:55

Sentiment: Negative

Binance CEO CZ criticized the banking system for repeated bank failures in the wake of the Credit Suisse merger and the recent collapse of Silicon Valley Bank. The emergency merger between Credit Suisse and UBS Group are set to wipe out the Credit Suisse’s risky additional tier 1 bonds (AT1bonds) worth a total of $17.3 The post Binance CEO CZ Doubts Banking System’s ‘Free Market’ Credentials appeared first on CoinGape. Continue reading...

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Source CoinGape