Bundesbank President Joachim Nagel has warned of the dangers of a bank run through fake news. Nagel: "We must not rest on our laurels, but must look closely and sharpen up on 'blind spots' in supervision" The case of the Silicon Valley Bank has shown that it is necessary to become faster, said Nagel. He had heard from a colleague from South Korea that a task force of the banking supervisory authority was systematically monitoring social media.
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US Wall Street will remain focused on debt ceiling drama, a plethora of Fed speak, flash PMIs, and bank stress. It will be a busy week filled with economic r
US A week ago, a lot of economists were thinking the Fed was going to pick up the pace of rate hikes as disinflation trends were struggling given a robust co