Bankrupt Banking

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Goldman Sachs is looking to raise $2 billion to buy Celsius assets at bargain prices ...

Business Insider 27 Jun 2022

AP Goldman Sachs is looking to put together a $2 billion deal to buy Celsius assets if it goes bankrupt, CoinDesk reported. The bank is approaching Web3 crypto funds and financial institutions to gauge their interest in the purchase ... The bank would act as a broker and not invest itself.

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US stocks climb after big rebound last week as investors look for signs of a ...

Business Insider 27 Jun 2022

Still, stocks are on track for one of the worst first six months of the year in decades as investors navigate challenges stemming from a seismic shift in central bank policy ... In crypto, Goldman Sachs is looking to raise $2 billion to buy Celsius's assets at discounted prices should the digital asset lender go bankrupt, according to CoinDesk.

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PM concerned over bankruptcy among youths, to hold talks with BNM Governor

Malaysian National News Agency 27 Jun 2022

... (Bernama) -- Datuk Seri Ismail Sabri Yaakob today expressed concern over the increase in the number of bankrupts among youths.

photo: Creative Commons / allanlau2000

Bitcoin is a worldwide cryptocurrency and digital payment system. Bitcoin is called the first decentralized digital currency.

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Fear not, bitcoin bulls — the current rout will weed out the solid crypto operators ...

Business Insider 26 Jun 2022

One big hitch is if a crypto lender runs into problems, there's no lender of last resort, like a central bank, to step in, Gazmararian said. "In this scenario, when a liquidity crunch happens, crypto businesses that are not prudently managed have a higher chance of going bankrupt.".

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Small banks in China are running into trouble. Savers could lose everything

CNN 24 Jun 2022

Hong Kong (CNN Business)Peter had put his life savings of about $6 million into accounts at three small banks in China's central Henan province ... The trouble began in April, when four banks in Henan suspended cash withdrawals ... It was the first bank seizure in China in more than 20 years and the lender was declared bankrupt.

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Economic crisis: Indian delegation meets Sri Lanka's leadership

The Telegraph India 23 Jun 2022

He is banking on extended credit lines for further purchase of fuel, the Prime Minister said. The nearly bankrupt country, facing an acute foreign currency crisis that resulted in foreign debt default, had announced in April that it was suspending nearly $7 billion foreign debt repayment due for this year out of about $25 billion due up to 2026 ... .

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Is Coinbase FDIC insured?

Cryptopolitan 21 Jun 2022

Is Coinbase going bankrupt? ... These developments and recent company decisions made the rumors of “Coinbase going bankrupt” more plausible; hence, driving the users into fear of liquidation ... banks, or invested in liquid U.S ... Will FDIC protect your funds if Coinbase goes bankrupt?.

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WITNESS: The Great Crash of 2022

The Liberty Beacon 21 Jun 2022

Many will throw inventories on the market at almost any price to fund their liabilities, cut back their workforces, and likely go bankrupt ... A likely consequence of this bust will be a banking crisis ... the contraction of the money supply as deposits in bankrupt banks simply evaporate ... What is the central bank doing right now? The Contractionary Fed.

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American millionaire accused of lying that watch stolen by Barcelona muggers was worth $800,000 is ...

The Daily Mail 17 Jun 2022

An American tourist suspected of exaggerating the value of his Hublot watch, stolen by muggers in Barcelona, in a bid to swindle the insurance firm is being investigated over $1.6 million in suspicious bank transfers shortly before his private jet company went bankrupt ... Bernstein and his wife Marie at a 2018 charity gala ... RELATED ARTICLES ... EXCLUSIVE ... .

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RBL Bank share price tanks on Monday as choice of new CEO disappoints markets

Financial Express 14 Jun 2022

A day after RBL Bank appointed R Subramaniakumar as its chief executive, analysts watching the sector expressed disappointment at the choice. The selection of a former public sector bank (PSB) executive, also known for steering the resolution of a bankrupt housing finance company, sent alarm bells ringing about the state of RBL Bank’s financials.

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‘We exist but it is not a life’: Afghan women face bleak prospects under Taliban

The Observer 13 Jun 2022

Compounding the problem, many of the health clinics trying to help underfed children have lost their World Bank funding ... The assets of the Afghan central bank, of which £7bn is controlled by the US, has been frozen, and $3.5bn of this has been confiscated in a populist move by Joe Biden to provide compensation to the victims of 9/11.

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Three Tough Questions About the Two-State Solution

The Algemeiner 12 Jun 2022

A view shows the Jewish settlement of Maale Adumim in the West Bank, October 27, 2021 REUTERS/Ammar Awad ... Neither group—Fatah in the “West Bank” and Hamas in the Gaza Strip—has held elections since 2006 ... West Bank Palestinians have a bankrupt economy; they are propped up by financial contributions from Western nations.

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Meet the ‘crazy Dutchman’ who modernized Tampa dairies

Tampa Bay Times 09 Jun 2022

TAMPA — August Van Eepoel Sr. was initially known as “that crazy Dutchman,” according to news archives, but his nickname was later upgraded to “that Dutchman with a vision.”. Tom Van Eepoel was raised to know Van Eepoel Sr ... He left $5,000 to a Palm River woman who, on his advice, had deposited her life’s savings into a bank that later went bankrupt.

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Analysis: Elliott Management, Jane Street sue LME for nickel debacle

Invezz 08 Jun 2022

The sudden explosion in price action resulted from a short squeeze, with banks and brokers desperately trying to unload a huge position taken by Xiang Guanga, a Chinese billionaire and Founder of Tsingshan Holding Group, one of China’s largest stainless-steel and nickel miners ... Banks and brokers rushed to close the position as losses mounted.

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RESTORED REPUBLIC VIA A GCR UPDATE AS OF JUNE 8, 2022

Roxytube 08 Jun 2022

Banks around the world were being shut down. High level Banking execs were either under investigation, or arrested and charged with treasonous crimes ... Six major Tier 1 Banks met and voted on a Tues-Wed ... The fall of global banks is happening ... Big once powerful banks, in the bankrupted Washington DC, are shut down.