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Sequoia backs startup making it easier for businesses to invest in US Treasury Bills

Sequoia backs startup making it easier for businesses to invest in US Treasury Bills

Amit Jain, the former head of Uber’s Asia Pacific division, revealed his new venture, Zamp Finance, on Monday that simplifies the process for businesses to invest their excess capital in US Treasury bills to hedge against bank failures and other uncertainties. Zamp offers a treasury management platform that enables businesses worldwide to invest surplus cash…

China’s central bank calls for stronger defences against financial crisis

China’s central bank calls for stronger defences against financial crisis

© Reuters. FILE PHOTO: Paramilitary police officers stand guard in front of the headquarters of the People’s Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. REUTERS/Tingshu Wang/File Photo BEIJING (Reuters) – China should accelerate legislation of the Financial Stability Law and improve other legal arrangements designed to prevent and dispose…