M&T Bank experiencing intermittent issues with its online and mobile banking on Friday morning. Bank of America formally launched its crypto recommendations for wealth clients with up to 4% portfolio allocation. Bitcoin volatility relative to gold has fallen to a record low.

Adam van Trotsenburg says central banks have spent all of their efforts over the past 20–30 years suppressing volatility and pumping financial assets higher. He argues that central banks suppressed volatility and pumped assets higher, paving the way for massive financialized activities to sprout like mushrooms. M&T Bank has promoted Jeff Carpenter as its new regional president of Massachusetts. Banking veteran Jeff Carpenter will take helm at states ninth largest bank. M&T Bank is experiencing intermittent issues with its online and mobile banking on Friday morning, the company said in a social media post. As of 9 a.m., more than 2,000 customers reported an issue with the bank services, according to Downdetector. Kevin Warshs Dangerous Monetary Nostalgia. US Government Sold $766 billion of Treasuries this week. Yield Curve Steepened as 30-Year Treasury Yield Rose to 4.87%. All modern central banks are structured to be able to do that. The banks that originated the loans are off the hook. Banks hold only a portion of office CRE loans. Agriculture Could Face ‘Widespread Collapse’: Agriculture could face ‘widespread. farm bankruptcies’ and decreasing profits. Chinese debt expansion is already well into diminishing returns. A central bank digital currency (CBDC) places those rails formally in the hands of the state. Lord Mandelson gave Jeffrey Epstein advance notice of a €500bn bailout. Epstein scandal reveals why oligarch class is desperate to build an AI-powered surveillance and control grid. Bitcoin market capitalization would need to rise dramatically to match private sector investment levels in gold. Bitcoin volatility relative to gold has fallen to a record low, with the bitcoin-to-gold volatility ratio drifting toward 1.5. Bank of America formally launched its crypto recommendations for wealth clients with up to 4% portfolio allocation. Senate Banking Committee scheduled a key vote on the crypto market-structure bill next week. China continues to stockpile gold behind the scenes. Treasury Secretary Scott Bessent says banks should embrace stablecoins, calling them a faster, cheaper payment rail and “an entirely new financial product” for customers. Senator Cynthia Lummis (R-WY) has urged traditional banks on Thursday to embrace stablecoins. Chinas central bank and regulators say virtual currencies have no legal status equivalent to fiat money. Any unapproved overseas issuance of renminbi-linked stablecoins also barred.