Bankrupt Banking

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Regulation and investment policies result in today’s banking crisis

Santa Barbara News-Press 01 Apr 2023

The banking crisis of the “Great Recession” was a result of poor lending policies and poor investment decisions on Wall Street ... Bear Stearns, a longtime global investment bank, went bankrupt and was sold to JP Morgan Chase for $2 a share in March 2008, down from $170 a share earlier that year ... This led to a bank run and forced SVB into receivership.

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Should you be worried about your money in the bank?

Huron Daily Tribune 31 Mar 2023

... to world news, several banks in the U.S.

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Last Month’s Most Popular Articles

GlobalResearch 31 Mar 2023

Ophthalmologists Now Ethically Obligated to Denounce COVID-19 Vaccines, as 20,000 New Eye Disorders Are Reported. Lance Johnson, May 6 , 2021 ... F ... Jacques Baud ... Warning! Silicon Valley Bank Collapse – A Prelude of Much Worse to Come? Derivatives ... Bankrupt Banks, Food Crisis, Mandatory Vaccine and Our Grim Future ... Why Three US Banks Collapsed in One Week.

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Bed Bath warns of bankruptcy risk in $300 million stock offering

The Spokesman-Review 31 Mar 2023

Bloomberg. Reeling from a collapse in its stock price and at the mercy of Wall Street banks, Bed Bath & Beyond warned it will likely go bankrupt if a last-gasp $300 million equity offering fails ... That’s put Bed Bath on the brink of liquidation, giving banks including JPMorgan Chase the upper hand ... The latest deal arranged by B ... 25 ... .

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Good news for Supertech flat owners! Singapore firm may complete unfinished work

Live Mint 31 Mar 2023

... NCLT court has appointed IRP (Interim Resolution Professional) after starting the process of declaring Supertech bankrupt.Apart from this, RERA, authority, and administration have also tightened their noose on the real estate company.However, banks have opposed the IRP proposal.

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Michael Saylor’s $4 Bn Bitcoin Gamble Is Slowly But Steadily Inching Towards Profitability

CoinGape 31 Mar 2023

After being in the negative for the past three quarters, the popular Bitcoin bet that MicroStrategy has been offering appears to be on its way back towards becoming profitable ... Read More ... In order to finance its further�Bitcoin acquisitions, the company even took out loans from the crypto-friendly bank Silvergate, which has since gone bankrupt ... ....

photo: Creative Commons / Kotivalo

Union Bank of Switzerland gold bars "multiplied" by mirrors, 4 August 2012.

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In Which Direction Will Gold Go From Now?

FX Empire 30 Mar 2023

One of the reasons why the price of Gold exploded earlier this month was because people were worried about the possibility that some customers of bankrupt banks might have lost money ... Also, some shareholders and bondholders lose all or part of their investments when a bank goes ...

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French court opposes extradition of Ukraine billionaire Zhevago

FX Empire 30 Mar 2023

Zhevago, who controls London-listed iron pellet producer Ferrexpo, was arrested at a French ski resort in December at the request of Ukraine, which wants him over the disappearance of $113 million from the now bankrupt lender Finance & Credit Bank ... US Dollar Index Rises on Reduced Banking Sector Concerns, Higher Risk Appetite ... ....

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Bank rescue real estate turns from dowry to downer

Reuters 30 Mar 2023

Unlike many banks which got into trouble back in 2008, the Swiss lender has flogged much of its prime real estate ... In the last financial crisis prime real estate played a big part of bank rescues ... capital markets business in September 2008 the deal included the bankrupt investment bank’s headquarters.

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US FDIC Gives Signature Bank Crypto Clients Until April 5 to Close Accounts - Reports

Urdu Point 29 Mar 2023

The cryptocurrency business was not included in the deal to buy Signature Bank by New York Community Corporation, the parent company of Flagstar Bank, which acquired almost all of the deposits and part of the bankrupt US bank's loans, the report read ... of Signature Bank's $110.

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‘It says I owe $179,000′ – option traders hit with massive margin calls as winning bets against failing banks’ left in limbo for weeks

Market Watch 29 Mar 2023

Since Silicon Valley Bank and Signature Bank had been placed into FDIC receivership, traders felt that their options should be worth their maximum value as shares in both companies would likely become worthless, traders said ... investment banks — went bankrupt before he could collect his winnings.

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US FDIC GIVES SIGNATURE BANK CRYPTO CLIENTS UNTIL APRIL 5 TO CLOSE ACCOUNTS

Malaysian National News Agency 29 Mar 2023

US FDIC GIVES SIGNATURE BANK CRYPTO CLIENTS UNTIL APRIL 5 TO CLOSE ACCOUNTS ... The cryptocurrency business was not included in the deal to buy Signature Bank by New York Community Corporation, the parent company of Flagstar Bank, which acquired almost all of the deposits and part of the bankrupt US bank's loans, the report read.

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Signature Bank’s Crypto Clients Must Close Accounts Within A Week

CryptoPotato 29 Mar 2023

The decision was possibly due to the ongoing investigation into Signature’s dealings, during which Signature Bank representatives could not provide accurate data regarding the deficit incurred after SVB went bankrupt ... Signature Bank lost 20% of its deposits in a matter of hours on March 10, the day SVB was shut ... Divestment Decided By Bank.

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Major exchange OKX to apply for cryptocurrency license in Hong Kong

OBN 29 Mar 2023

On the other hand, in the United States, Silvergate Bank and Signature Bank, which favored cryptocurrency companies, went bankrupt, and Chinese financial institutions’ contact with Hong Kong’s cryptocurrency companies was interpreted as “opportunistic.” The future will be the focus of attention.

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