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Billionaire Barry Sternlicht Foresees Banks Failing Every Week in US

[May 12 3:19 PM] Barry Sternlicht, CEO of Starwood Capital Group, has voiced concerns about the vulnerability of regional and community banks in the U.S. to high interest rates and inflation, particularly amid the commercial real estate downturn. He forecasted…

Speculation Intensifies Over US Banking Sector’s Fate as Fed’s BTFP Closure Looms

[Mar 10 1:00 AM] This weekend, many are intrigued by the potential outcomes following the cessation of the U.S. Federal Reserve’s Bank Term Funding Program (BTFP), launched amidst the significant banking collapses in March 2023. Some argue that the banking…

Economist Dr. Nomi Prins Sees Potential for Massive Banking Crisis, Foresees QE as Remedy

[Feb 9 3:00 PM] This week, during a recent interview, the renowned geo-macro economist and acclaimed author Dr. Nomi Prins shared insights on the Federal Reserve’s future actions, particularly regarding whether the central bank will reduce the federal funds…

S&P Downgrades 5 Regional US Banks Amid Challenging Banking Environment 

[Aug 23, 2023 11:30 PM] On Monday, S&P Global Ratings slashed ratings for five U.S. regional banks, pointing to the strenuous operating atmosphere plaguing the sector since the year’s outset. The impacted banks include Associated Banc Corp., Comerica Inc…

Another US Bank Collapses: Heartland Tri-State Bank Closed by Regulator

[Jul 29, 2023 11:30 PM] Heartland Tri-State Bank has become the latest bank in the U.S. to fail. The Kansas banking regulator closed the bank and appointed the Federal Deposit Insurance Corporation (FDIC) as the receiver on Friday. Regulator Shuts Down Heartland Tri-State…

Billionaire Bill Ackman on US Banking Crisis: We Are Running Out of Time to Fix This Problem

[May 6, 2023 7:30 PM] Billionaire Bill Ackman has warned that “We are running out of time” to fix the problem that led to the collapses of regional banks. “How many more unnecessary bank failures do we need to watch before the FDIC, U.S. Treasury, and our government…

Pacwest Stock Plummets Over 35% Following Release of Q1 Earnings Report Amidst Turmoil in Banking Industry

[May 2, 2023 11:00 AM] Following the acquisition of First Republic Bank by JPMorgan Chase, several regional banks such as Pacwest and Western Alliance experienced a significant drop in their stock prices. On Tuesday afternoon, all four major U.S. benchmark stock indexes…

Shares of Deutsche Bank, Other Euro Lenders Tumble

[Mar 24, 2023 3:30 PM] Deutsche Bank shares plunged on Friday, along with the stocks of other European banks, amid investor concerns over the stability of the global banking sector. The drop comes in the aftermath of the recent emergency rescue of Credit Suisse and…