a reminder of our top story today, israel's prime minister benjamin netanyahu has put a judicial overhaul plan on for the delay, follows month of mass demonstrations and a far reaching general strike. netanyahu says he aims to achieve a broad consensus, but opponents bound to keep protesting until the proposal is defeated. even birthday is up next with business business and a report on u. s. regulators action on an alleged crypto currency fraud means i'll be back in 45 minutes. have defeated with with you. work is an architect. i go online or not at all women in architecture.

why are they so invisible to the larger public? we decided to ask them, what is the poetry, the secret of the house about their struggles and dreams. road walkability is huge. they have so much to lose. shattering the glass ceiling women in architecture. this has to be really, really good. starts april 20th on d, w. oh, i'm stephen beardsley in berlin. here's a look at our top stories. the u. s. file suit against finance, the world's largest crypto currency exchange. as regulators turn up, the pressure on crypto platforms in the wake of the f t x collapse. bank shares

boost from a deal for silicon valley bank deposits and loans. we'll talk to our wall street correspondent also on our show travel pay off in germany as public workers walk out in one of the biggest strikes in decades. welcome to our show. we begin in the u. s, where regulators are suing crypto currency exchange, giant finance, which they said ran a legal crypto currency base trades with us investors and a sham compliance program. company founder jumping joe and former chief compliance officer, samuel lim. we're also named in the suit the us government accuses by now encouraging you as customers to open accounts without verifying their identity and allowing them to communicate with the company. the messenger service that then deleted all chat records, and a written statement. finance said the suit was disappointing, but promised to continue to work with regulators that day as a managing editor at coin desk, which covers the crypto currency industry. nick,

american regulators going after the world's largest crypto exchange and it's founder as someone who covers this industry. how surprised are you? hey, thanks for having me. i would say this has been telegraphed for a while now. we've known even finance officials have acknowledged that u. s. regulators would soon be taking action against the company. they expected to pay a fine to settle these charges. and i think the specific agency, in this case, the commodities regulator, might have been a little bit of surprise. but the fact that you as regulators were looking into by nance has been, you know, i think, well known for what number of years now a finance is massive, but it's also quite opaque in a structure. how would you describe its place in the crypto industry? is definitely a very important player. the fact that it is the largest exchange by volume means that, you know, provide a lot of certainty to the market. so it kind of reduces volatility to some extent, provide a lot of liquidity for traders to train against. of course,

with the allegations from the lawsuit. why does the commodity futures trading commission kind of raises questions about just how that liquidity is. you came to be and, you know, just how exactly bonuses providing this role. but it's still a, you know, important player in the ecosystem. what could this case and further critique of finance? what could it mean for the industry in general? i think there's a number of questions that still need to be answered. one being a, you know, will there be any other charges against finance and what exactly could those charges resulting specifically, will, you know, federal prosecutors also go after finance? if finances only, you know, facing civil charges, then it will pay a fine, it will settle these charges. it probably won't have, you know, a huge impact on the industry. but if these charges pile up, then that might raise, you know, stakes for both the company and the industry as a large we know the finance isn't alone and many aspects coin base which is

publicly listed in the us, says that it expects to be targeted by the s c c. how soon significant could that be for the crypto industry that i think would be various the navy and especially for the us crypto industry. if coin base is targeted for listing certain tokens for offering is taking service and offering as walls service, then you know, these are the actions that most exchanges in the us also, you know, undertake. so it could be the beginning of, you know, a wave of reports and actions against most of those changes that are currently operating in the us. and it's going to be as loses lawsuit if it goes to trial and loses against, you know, in court lives as an appeal. then that would be a very, very, i was a alarming signal for utter crypto exchanges in the us. it could drive users and traders to decentralize the changes or to utter offshore platforms in an effort to

try and you know, continue acquisition market which would still probably result in lower participation. and, you know, arise and let's see, sketch your platforms to operate on. all this comes in moment, criptos actually profiting from the recent banking crisis to these regulatory actions and announcement that we're seeing right now. does that sort of put a shadow over that kind of rally? we definitely saw a big wind price fall and crypt early. the stocks fall, you know, once the lawsuit against binary this morning was announced. so i would say yes, it does seem to be putting a bit of a shadow on the industry at large. but i do think that, you know, again, it's going to depend a lot on what happens next is finance fight. these charges which i expected probably, well then, you know, we'll see have to be in a kind of a waiting period for some time before we really see the full outcome. alright, nick de managing editor, a managing editor at coin to thank you and give staying with

markets. silicon valley bank. the big news once again today as another lender 1st citizens agreed to take over its deposits and loans banks. years responding positively including here in europe. let's go to teddy austro on wall street for more teddy. are we seeing jitters start to calm down when it comes to these bank shares? well, we're certainly seeing a jump in stock prices largely among those smaller and regional banks where a lot of that turmoil in the past few weeks. we've concentrated that 1st week of bank failures. we saw here in the us about a $100000000000.00 of deposits were pulled out. so this 1st citizens purchase of sep, it certainly does appear to be restoring some faith in the market. not stock. specifically, we saw the jump, a 50 percent, but we have seen already some of those figures start to quell and past few days, the fed as promise to provide some more emergency support to smaller regional banks

. should they fail much like they did as to be b, as well as signature bank and the attention terms of central banks? now, if some of these fears are starting to quell, can we expect that maybe they'll be a bit more aggressive again, with their interest rate hikes? well the better here on wall street are, is that the fed is probably going to do a mild hike, much like they did last week when they were faced with that really tough decision to risk more financial instability or to continue trying to tame inflation. they calculated that the banking sector was stable and that they could do a $25.00 basis points higher. now the question is, how aggressive going forward? well, inflation here in the united states is starting to cool the numbers at the beginning, right of this month. we heard debates about the fed being a more aggressive, but now we have to wait for those numbers to see if the fed is satisfied. right. the city, austria,

and wall street. thank you. let's go now to some of the other global business stories making headlines. saudi national bank chairman amaral dairy, has resigned in the wake of his comments. he made about credit suisse or could arie had said his bank would not raise at stake in the then embattled lender, adding to its slum and shares. a saudi national bank was the largest single shareholder of credit suisse before its sale, the fellow swiss lender. yes. when china's best known tycoon, jack moore has returned to china to visit a high school and hung jo, that's according to the south china morning post mark the co founder of tech giant ali baba and fintech group ant, vanished from public view. after criticizing state banks and 2020, his disappearance was seen as part of a broader state crack down on private business. israel's largest trade union group triggered a general strike on monday, across a broad swath of sectors. putting health, transit, and banking as part of broader protests in the country. the action was aimed at

prime it prime minister benjamin netanyahu now paused, plans to overhaul the judiciary and was later lifted when inflation remains concerned round much of the world, including here in germany. last year, wages fell 3 percent when accounting for rising costs. on monday, public workers organized one of the largest strikes in decades as part of their bid to call back some of those losses. train drivers in airport workers were among those walking out of the job, crippling commutes, and travel across the country. and they warn it could just be the beginning. strike in georgia. bon workers at cologne, central train station, long distance will travel in germany has ground to a halt. most regional trends are also at a standstill. i hope for more money and better work quality. good light on this. i impacting the wrong people that it looks i feel bad for the

people who can't get to work or aren't going to make the vacation flights. but we can't do anything about that light, all this stuff. yeah. i inflation is increasing the pressure on workers food and energy costs have left especially of the past year. that's why union negotiators want a 10 point. 5 percent wage increase, meaning at least $500.00 euros more a month. but employers are only offering a 5 percent raise in 2 steps. the nationwide transportation strike is an inconvenience for many in germany. and the wage dispute could put the brakes on germany's economic development. the strike was announced beforehand the so companies could adjust to this, the impact would be limit at the key question is will there be a longer strike later and this negotiation, or will there be a settlement without further strikes? if of course, if they were, it was a longer strike that would have a severe impact on the economy. and that would, that the recovery the unions have made one thing clear. if employers aren't

prepared to pay more than germany's trains and planes won't be going anywhere. our reporter was outside the main train station in cologne today. and she sent us this on any given day, they're usually over 300000 passengers moving through the clock train station that you can see behind me. this is absolutely not the case to day with no long distance trans running, no regional or local trans, most buses as well all coming to a halt as public transportation sector. employees strike inflation in germany, hit over 8 percent. and this is really hitting the lower lowest paid workers, the hardest. the strikes here in germany are adding to a landscape of strikes across europe in france and spain in the u. k. showing that inflation is hitting workers everywhere and that they will continue to speak out unless something is done soon. a report. it's christy class and they're in cologne . his or mine are the top business story we're following for you. as regulators are

suing crypto currency exchange giant bi nance, which they said ran a legal crypto currency based trades with us investors at a sham compliance program. company founder chung pang. chao and former chief compliance officer, samuel limp, also named in the suit in a written statement. finance said the suit was disappointing, but promised to continue working with regulators. right, that's our show for more. you can check us out online e w dot com slash business. we're also on youtube, under the dw channels i'm seeing here in berlin watching this is where the rainbow shines. the brightest home to queen people from around with trauma. history was written more than 100 years ago. dive into queen culture

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