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Earlier reports indicated the troubled First Republic Bank would be coming under government seizure after the US firm saw its stock value nosedive amid its failed attempts to obtain investments. The downfall of the US institution came in the wake of the Silicon Valley Bank (SVB) collapse. The Federa...
by News Worthy
The US on Wednesday imposed sanctions on a bank based in Hungary over its ties to Russia, a move that further strains ties between Washington and Budapest. According to Reuters, the sanctions targeted three top officials in the International Investment Bank in Budapest, two Russian nationals, and on...
Today, there is at least $7 trillion in uninsured bank deposits in America. This dollar value is roughly three times that of Apple’s market capitalization, or about equal to 30% of U.S. GDP. Uninsured deposits are ones that exceed the $250,000 limit insured by the Federal Deposit Insurance Corporati...
WASHINGTON (Sputnik) - Former US President Donald Trump said the conflict in Ukraine has to "stop now" and reiterated his earlier statement that he would be able to have it solved in 24 hours. "We have people that don't know what they're doing. But if it's not solved, I will have it solved in 24 hou...
The US banking system is broken. That doesn’t portend more high-profile failures like Credit Suisse. The central banks will keep moribund institutions on life support. But the era of dollar-based reserves and floating exchange rates that began on August 15, 1971, when the US severed the link between...
The action is meant to prevent banking sector contagion, but uncertainty may worsen credit conditions. The action is meant to prevent banking sector contagion, but uncertainty may worsen credit conditions. When SVB collapsed, crypto market faced a blow after one of the largest operators of USDC, Cir...
Moody’s Investors Service placed First Republic Bank and five other US lenders on review for downgrade, the latest sign of concern over the health of regional financial firms following the collapse of Silicon Valley Bank. Western Alliance Bancorp., Intrust Financial Corp., UMB Financial Corp., Zions...
