Is Euro in Big Trouble? After Deutsche Bank’s Failure, French Giant BNP Warns ‘Extreme Market Conditions’

With newly released data showing slower growth in the euro-zone, the struggle of Deutsche Bank, and BNP Paribas cutting $ 683 million in expenses, the euro may be in deep trouble. In the last quarter of 2018, a period in which even U.S. banks underperformed, the global markets division of BNP Paribas recorded a $ 256 million loss. BNP Paribas, the largest bank in France, ended 2018 with a staggering 40 percent loss in trading according to FT. Extreme Market Movements, Euro is Declining Since early January, against the U.S. dollar, the value of the euro fell from $ 1.23 to $ 1.14. A

The post Is Euro in Big Trouble? After Deutsche Bank’s Failure, French Giant BNP Warns ‘Extreme Market Conditions’ appeared first on CCN

News – CCN

Thailand Dodges Extreme Cryptocurrency Regulations (news.bitcoin.com)

The Thai Deputy Prime Minister has mandated that the law on cryptocurrencies and initial coin offerings be finalized within a month. The regulators have met and agreed that there is no need to invoke the country’s controversial Section 44 law but to introduce a “special law” for them instead.
Also read: Japan’s DMM

Bitcoin