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Caucasus/Russia/Central Asia |
Continued banking crisis |
2023-05-04 |
Direct Translation via Google Translate. Edited. Commentary by Russian military journalist Bris Rozhin is in italics. Commentary by @banksta [ColonelCassad] The three U.S. banks that failed this year — First Republic, Silicon Valley Bank and Signature Bank of New York — had more assets than all 25 financial institutions that collapsed during the 2008 crisis. The US banking crisis is not over yet. Regional banks continue to lose reserves against the background of the outflow of depositors' money. In addition, the Federal Reserve System has not stopped raising the key rate, which has a negative impact on banks. @banksta - zinc Over the past 24 hours, the crisis in the banking sector has worsened again. Some American banks fell by 20-30% in a day. Another change in interest rates is coming. PS. Meanwhile, the processes of global de-dollarization continue - Argentina and Brazil agreed to switch to national currencies in trade settlements. A similar agreement was signed by Indonesia and South Korea. The head of the IMF melancholy remarked yesterday that a gradual rejection of the dollar on a global scale is being recorded. |
Posted by:badanov |
#11 |
Posted by: Cholutle Thrans9751 2023-05-04 12:32 |
#10 Lessons learned? |
Posted by: swksvolFF 2023-05-04 11:45 |
#9 This round of bank failures now worse than 2008. |
Posted by: M. Murcek 2023-05-04 11:41 |
#8 Pacwest Bank net income -1095.13%. |
Posted by: Slats Snore5077 2023-05-04 11:28 |
#7 Republic Bank stock worth $148.00/share 5 months ago now worth $0.29/share this morning. A change of -99.75%. |
Posted by: Slats Snore5077 2023-05-04 11:14 |
#6 Harley-Davidson Says Repo Worker Shortage to Blame for $52.6 Million Credit Loss in 2023 |
Posted by: M. Murcek 2023-05-04 08:13 |
#5 Motorcycles and four wheeler's doing well mostly. |
Posted by: Dale 2023-05-04 03:39 |
#4 Conservative banks seem to be secure so says a bank secretary locally. Speculative operations as in 2008 having major problems as inflow of deposits dwindle.Real state bad shape currently. Car sales tanking. |
Posted by: Dale 2023-05-04 03:37 |
#3 Welcome troll number 1. |
Posted by: Dale 2023-05-04 03:31 |
#2 Add California bank PacWest to the pile. |
Posted by: Raj 2023-05-04 00:46 |
#1 |
Posted by: Ebbimp Lover of the Trolls5787 2023-05-04 00:33 |