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CATEGORY: bank crisis


Mar 27, 2023 10:30

Experts Predict More Bank Failures in the US Following Interest Rate Hike and Unsettled Banking Crisis

After the recent bank collapses in the U.S., a number of people believe that more failures are coming following the Federal Reserve’s increase of the benchmark interest rate by 25 basis points (bps). American journalist Charles Gasparino insists that Wall Street’s “low-rate” junkies are ignoring the U.S. banking crisis. Quill Intelligence CEO Danielle DiMartino Booth [...]

The post Experts Predict More Bank Failures in the US Following Interest Rate Hike and Unsettled Banking Crisis appeared first on Crypto Breaking News.

Apr 11, 2023 05:50

JPMorgan CEO Jamie Dimon Says Banking Crisis Not Over — Warns of ‘Repercussions for Years to Come’

JPMorgan Chase CEO Jamie Dimon says the U.S. banking crisis is not over and “there will be repercussions from it for years to come.” The executive added that recent bank failures “have significantly changed the market’s expectations,” and the odds of a recession have increased. JPMorgan CEO Jamie Dimon on U.S. Economy, Recession, and Banking [...]

The post JPMorgan CEO Jamie Dimon Says Banking Crisis Not Over — Warns of ‘Repercussions for Years to Come’ appeared first on Crypto Breaking News.

May 09, 2023 05:50

Elon Musk Shares ‘Massive Incentive to Move Money out of Bank Accounts’

Tesla and Twitter CEO Elon Musk has shared a “massive incentive” to move money out of bank accounts, citing a significant interest rate gap created by the U.S. Treasury and the Federal Reserve. “As more people & companies realize this, bank depositor flight will accelerate to extreme levels, even for banks that are ‘too big [...]

The post Elon Musk Shares ‘Massive Incentive to Move Money out of Bank Accounts’ appeared first on Crypto Breaking News.

May 07, 2023 05:50

Fed Reveals 722 Banks Reported Unrealized Losses Over 50% of Capital as Concerns Over US Banking Crisis Grow

The U.S. Federal Reserve has revealed that 722 banks reported unrealized losses exceeding 50% of their capital at the end of the third quarter of 2022. “Rising interest rates are creating significant unrealized losses in investment securities and in some cases depressing tangible equity,” according to the Fed’s Division of Supervision and Regulation. 722 Banks [...]

The post Fed Reveals 722 Banks Reported Unrealized Losses Over 50% of Capital as Concerns Over US Banking Crisis Grow appeared first on Crypto Breaking News.

Apr 04, 2023 02:10

How the Federal Reserve Is Now Competing With Banks for Deposits: Enter the Reverse Repo Facility

The U.S. Federal Reserve could be competing with commercial banks due to a facility called the “overnight reverse repurchase agreement facility,” which has currently drawn in more than $2 trillion in deposits. According to analysts, this has affected bank deposits, as investors run to grab the higher yields it offers compared to traditional banks. The [...]

The post How the Federal Reserve Is Now Competing With Banks for Deposits: Enter the Reverse Repo Facility appeared first on Crypto Breaking News.

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