Bankrupt Banking

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BSP’s unrealized gains up at P784 B

Manila Bulletin 03 Dec 2023

Also as of end-August, central bank total assets reached P7.428 trillion, up 0.3 percent from P7.404 trillion in 2022 ... For decades since the BSP was established in 1993 from the ashes of the bankrupted Central Bank of the Philippines, the BSP only had P10 billion in capitalization, short of the P50 billion promised under the BSP law.

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‘Leave cash alone’: Canadians strongly object to government’s plan to create ‘digital dollar’

Life Site 02 Dec 2023

Another wrote, “A digital dollar sounded great until we saw the Federal government freeze private bank accounts of its own citizens for supporting a political movement it disagreed with ... “What happens when the bank gets hacked or the bank goes bankrupt? All of our money is gone,” they wrote.

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Norway sovereign wealth fund to co-lead class action in SVB bankruptcy

Reuters 01 Dec 2023

court to co-lead an ongoing U.S. securities class action relating to the now-bankrupt Silicon Valley Bank (SVB). SVB's collapse in March was the trigger for the worst banking shock since the 2008 global financial crisis, sending bank stocks globally on a wild ride ... "We manage money on behalf of all Norwegians ... Reporting by Nerijus Adomaitis.

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Israel chances better sans Bibi

Arab Times 30 Nov 2023

Netanyahu and his far-right fanatics have taken Israel on multiple flights of fancy in the past year, dividing the country and the military over fraudulent judicial reform, and bankrupting its future with massive investments in religious schools that don’t teach math, and in West ...

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How underrated chancellor Alistair Darling helped weather financial crisis

The Observer 30 Nov 2023

Alistair Darling spent three turmoil-filled years as Gordon Brown’s chancellor but the crunch came in October 2008 when he was summoned out of a meeting of EU finance ministers to take a call from Royal Bank of Scotland, then the UK’s biggest bank ... He was told the bank had two or three hours before it ran out of money.

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Third Pakistan Prosperity Conference: Ex-SBP chief stresses ‘reform agenda’ to tackle growing debt issue

The News International 28 Nov 2023

The image released on May 18, 2021, shows former governor State Bank of Pakistan Shahid H Kardar ... Former Governor State Bank of Pakistan Shahid H ... On domestic debt, he said that the banks being the largest lenders to a bankrupt borrower will have to bear the burden of some pain.

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Collecting judgments may not be as easy as you think

Ottawa Business Journal 27 Nov 2023

If a judgment debtor is declared bankrupt, a plaintiff’s judgment may no longer be enforceable ... Bank of Montreal v ... In a recent case, a plaintiff, the Bank of Montreal, faced this issue ... In general, bankruptcy would render this debt unpayable, and the Bank would be unable to collect.

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Getting Indian banks back on the track

Hindustan Times 27 Nov 2023

State Bank of India (SBI), would report a steep increase in bad loans every time its chairperson changed ... But why did some commodity-dependent firms go bankrupt while others survived? The answers lie in the governance standards in such firms as well as in the banks that were lending to them ... Bankers from State-owned banks led the pack.

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Three Presidents Who Made Thanksgiving a National Holiday — And What They Were Thankful For

GlobalResearch 26 Nov 2023

Henry Clay called the “American system” of banking and finance – sovereign or government-issued money and credit ... For Roosevelt, the challenge was bringing the country through the Great Depression and World War II, when 9,000 banks had gone bankrupt at the beginning of his first term and the country was again without a source of credit.

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How Finance Capitalism Ruined the World, by Michael Hudson

The Unz Review 26 Nov 2023

And every time we get a high level of private debt like that, it’s, you know, the old joke about if you owe the bank $100, you have a problem; you have a problem for the bank a million dollars. The bank has a problem. Well, we’ve ended up with a bank dominated because we are the billion the trillion dollars ... Suddenly, they go bankrupt.

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Three Presidents Who Made Thanksgiving a National Holiday And What They Were Thankful For

Dissident Voice 25 Nov 2023

Henry Clay called the “American system” of banking and finance – sovereign or government-issued money and credit ... For Roosevelt, the challenge was bringing the country through the Great Depression and World War II, when 9,000 banks had gone bankrupt at the beginning of his first term and the country was again without a source of credit.

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Bouncing back: Silicon Valley bets on AI to regain past glory

France24 24 Nov 2023

A few months ago, a banking crisis added to their woes, when Silicon Valley Bank went bankrupt, before being ...

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Ellen Brown: Three Presidents Who Made Thanksgiving a National Holiday—And What They Were Celebrating

Scheerpost 23 Nov 2023

Henry Clay called the “American system” of banking and finance – sovereign or government-issued money and credit ... For Roosevelt, the challenge was bringing the country through the Great Depression and World War II, when 9,000 banks had gone bankrupt at the beginning of his first term and the country was again without a source of credit.

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Bankrupt Genesis alleges Gemini contributed to ‘run on the bank’ with $689M withdrawals

Cryptoslate 22 Nov 2023

Bankrupt crypto lender Genesis has filed legal actions to retrieve $689.3 million from cryptocurrency exchange Gemini ... 21 court filing, the bankrupt lender alleged that Gemini contributed to the “run on the bank” it suffered by making these preferential transfers during a 90-day period that preceded its bankruptcy filing.

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Panic At Binance Following CZ’s Departure? Analyzing 24-Hour Inflow and Outflow Trends

NewsBTC 22 Nov 2023

Binance Safe From FTX Like Bank Run? ... Users who feel uncertain about the platform’s future withdraw their money, potentially triggering a bank run ... First, when the US Securities and Exchange Commission (SEC) filed a lawsuit against the company, and later, when FTX went bankrupt following a massive bank run.

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Latest News for: Bankrupt banking

BSP’s unrealized gains up at P784 B

‘Leave cash alone’: Canadians strongly object to government’s plan to create ‘digital dollar’

Norway sovereign wealth fund to co-lead class action in SVB bankruptcy

Israel chances better sans Bibi

How underrated chancellor Alistair Darling helped weather financial crisis

Third Pakistan Prosperity Conference: Ex-SBP chief stresses ‘reform agenda’ to tackle growing debt issue

Collecting judgments may not be as easy as you think

Getting Indian banks back on the track

Three Presidents Who Made Thanksgiving a National Holiday — And What They Were Thankful For

How Finance Capitalism Ruined the World, by Michael Hudson

Three Presidents Who Made Thanksgiving a National Holiday And What They Were Thankful For

Bouncing back: Silicon Valley bets on AI to regain past glory

Ellen Brown: Three Presidents Who Made Thanksgiving a National Holiday—And What They Were Celebrating

Bankrupt Genesis alleges Gemini contributed to ‘run on the bank’ with $689M withdrawals

Panic At Binance Following CZ’s Departure? Analyzing 24-Hour Inflow and Outflow Trends

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