Article

2023-05-05 Economy

Direct Translation via Google Translate. Edited.

Commentary by Russian military journalist Boris Rozhin:
[ColonelCassad] Another major US bank, PacWest, went into a steep dive.

After the failure of three large banks, the consequences of which have already surpassed the consequences of the 2008 crisis for the banking sector, this is the fourth major US bank on the verge of bankruptcy. But there was also Credit Suisse.

PacWest has $40 billion in assets and 67 US locations.

Also on the verge of Western Alliance Bank.

Posted by badanov 2023-05-05 00:00|| || Front Page|| [11133 views ] Top

#1 A catastrophe with no perpetrators and no lessons learned.

Posted by Super Hose 2023-05-05 12:46|| 2023-05-05 12:46|| Front Page Top

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