1 / 1 Relevant items tagged with #Bailout

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Federal Reserve's banking bailouts reach a new weekly high of $103B

[Jun 29, 2023 10:40 PM] The Fed’s emergency loan facility has reached new highs as embattled banks are needing a central bank bailout.

Is Your Money Safe During The Banking Crisis?

[May 9, 2023 6:00 AM] This is an opinion editorial by Brad Mills, host of the Magic Internet Money Podcast and an investor in several Bitcoin-focused projects.Big banks are failing. Credit Suisse, one of the largest globally-systemic important banks (G-SIBs) in the…

Ether price holds $1,820, but pro traders are skeptical about further gains

[Apr 27, 2023 12:49 PM] Ether traders have been neutral-to-bearish for the past week, indicating little confidence in ETH breaking above $2,000.

US Bank Lending Drops by Record $105 Billion in Two Weeks, Trillions Moving to Money Market Accounts, Elon Musk Warns ‘Trend Will Accelerate’

[Apr 9, 2023 9:30 AM] The banking industry in the United States is still struggling after the collapse of three major banks. According to statistics, bank lending in the U.S. has dropped by close to $105 billion in the last two weeks of March, which is the largest…

There’s No Reason To Trust Banks And, Thanks To Bitcoin, We Don’t Have To

[Mar 30, 2023 8:03 AM] Trust in central and commercial banks is eroding quickly. The internet and social media are oil in the fire and Bitcoin is the extinguisher. This is an opinion editorial by Julian Liniger, the co-founder and CEO of Relai, a Swiss-based…

White House Says Biden Has ‘Confidence’ in Fed Chair Powell While Fedwatch Tool Predicts a 25bps Hike This Week

[Mar 21, 2023 7:39 AM] With the Federal Open Market Committee convening on Wednesday and the recent financial troubles facing the U.S. banking system, White House press secretary Karine Jean-Pierre said President Joe Biden has “confidence” in Federal Reserve…

First Republic Bank’s Shares Downgraded to Junk Status by S&P Global; Stock Slides More Than 25% Lower

[Mar 20, 2023 11:30 AM] After UBS acquired Credit Suisse and close to a dozen financial institutions injected $30 billion into First Republic Bank four days ago, S&P Global downgraded First Republic’s shares to junk status on Sunday. Investors are concerned that…

Several Major Central Banks Take Coordinated Action to Boost Liquidity Amidst Banking Crisis

[Mar 20, 2023 8:00 AM] On Sunday evening, March 19, 2023, at 5:00 p.m. Eastern Time, the U.S. Federal Reserve, along with several central banks including the Bank of England, Bank of Canada, Bank of Japan, the European Central Bank, and the Swiss National Bank, announced…

Google Trends Data Reveals Searches for ‘Banking Crisis,’ ‘Bank Runs,’ Skyrocket

[Mar 19, 2023 11:30 AM] Interest in the U.S. banking crisis has risen greatly over the past two weeks, as shown by Google Trends data. There has been a sharp increase in queries related to search terms such as “banking crisis,” “bank collapse,” and…

Burry on Banking Crisis, Kiyosaki Warns of ‘Fake Money’ Injections; Talk of ‘Anti-Crypto’ Agenda Behind Signature Bank Collapse — Week in Review

[Mar 19, 2023 5:30 AM] Speculation and debate continue to rage surrounding the current global banking debacle. Hedge fund manager Michael Burry — known for predicting 2008’s economic crisis — is drawing comparisons to the Panic of 1907, while Rich Dad Poor Dad…

US Bank Outflows and Concerns Mount: 11 Banks Bail Out First Republic Bank From Collapse

[Mar 17, 2023 8:00 AM] After the fall of Silvergate Bank, Silicon Valley Bank (SVB), and Signature Bank (SNBY), First Republic Bank, a commercial bank and wealth management services provider, is the latest financial institution to receive a bailout. Close to a dozen…

Bank Runs Like These Are The Reason Bitcoin Exists

[Mar 15, 2023 7:49 AM] We may be heading into another financial crisis, government bailouts for reckless banks included. Bitcoin exists to fix this. This is an opinion editorial by Julian Liniger, the co-founder and CEO of Relai, a bitcoin-only investment app.‘On The…

Goldman Sachs Now Expects No Rate Hike in March Due to Stress in US Banking System

[Mar 13, 2023 7:30 PM] Goldman Sachs has revised its U.S. interest rate forecast due to “stress in the banking system.” The global investment bank no longer expects the Federal Reserve to raise interest rates at its Federal Open Market Committee (FOMC)…

NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout

[Mar 12, 2023 6:05 PM] On Sunday, the New York Department of Financial Services, or DFS, announced that it had taken possession of Signature Bank. The DFS appointed the Federal Deposit Insurance Corporation, or FDIC, as the receiver of the bank. In a joint statement, the…

Report: Silicon Valley Bank Under FDIC Auction as Calls for Bailout Grow

[Mar 12, 2023 12:30 PM] The U.S. Federal Deposit Insurance Corporation (FDIC) began an auction process for Silicon Valley Bank (SVB) late Saturday night, according to reports. Final bids are due by Sunday afternoon. Unnamed sources indicate that the FDIC is seeking to…

US Treasury Secretary Rules Out Government Bailout of Silicon Valley Bank

[Mar 12, 2023 10:35 AM] U.S. Treasury Secretary Janet Yellen has ruled out a government bailout of the collapsed Silicon Valley Bank (SVB), which was shut down by regulators on Friday. Yellen explained that the reforms put in place after the 2008 financial crisis were…

Crypto exchange Digital Surge emerges as a rare survivor of FTX fallout

[Jan 25, 2023 12:35 AM] The Australian crypto exchange had $23.4 million of digital assets locked on FTX when it collapsed and FTX’s Australian subsidiary went into administration.