Business & Investment

BUSINESS LIVE: BoE warns of crypto-driven crashes. KPMG is attacking

BUSINESS LIVE: BoE lieutenant warns of crypto-driven crashes. KPMG was attacked again at Silent Night.Two more energy suppliers collapse


Bitcoin and other cryptocurrencies could cause the next financial crisis, according to top executives at the Bank of England.

In yesterday’s speech, Vice-Governor Sir John Kanriff said that the sharp drop in cryptocurrency prices to zero is a “certainly plausible scenario” and a “potential transmission” across the global financial sector. I said there was.

The referee found that KPMG and one of its senior partners lied to defend the work of the troubled mattress company Silentnight.

When an independent disciplinary judge claimed that Silent Knight had no choice but to go bankrupt and sell it to private equity firm HIGH Capital, the accounting giant said it had “advanced dishonest defenses.”

As the energy crisis worsened, two more energy companies went bankrupt and more than 250,000 domestic customers lost their providers.

BP-backed Pure Planet and small supplier Colorado Energy have cited rising wholesale prices and Ofgem price caps as driving forces for the collapse, respectively.

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BoE’s Sir Jon Cunliffe says there is “potential transmission” under a cryptocurrency crash

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BUSINESS LIVE: BoE warns of crypto-driven crashes. KPMG is attacking

https://www.dailymail.co.uk/money/markets/article-10091007/BUSINESS-LIVE-BoE-warns-crypto-led-crash-KPMG-fire.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 BUSINESS LIVE: BoE warns of crypto-driven crashes. KPMG is attacking

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