Bank regulators seize Silicon Valley Bank in largest bank failure since the Great Recession .... Wells Fargo ??

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YALL BETTER GET ON BOARD AND STOP FCKN ROUND
 
Russia talks up prospects of BRICS countries developing new currency
A top Russian official has reportedly claimed that the countries of the BRICS alliance — Brazil, Russia, India, China and South Africa — are working on creating their own currency.

 
Russia talks up prospects of BRICS countries developing new currency
A top Russian official has reportedly claimed that the countries of the BRICS alliance — Brazil, Russia, India, China and South Africa — are working on creating their own currency.

My money is on either Brazil, India or South Africa having some type of major disaster in the near future
 
Japan Breaks With U.S. Allies, Buys Russian Oil at Prices Above Cap
Citing energy needs, Tokyo won exception to rules binding G-7 nations
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This is interesting. Even though I live in America and I am American but CAC’s in this country fucked up. Trump really caused this to happen and if I was another country, I would be looking for another currency, especially if I’m a country of color.
 
Saga continues...

Govt is about to seize First Republic




Yep, they need to shake out all of these banks that are fucking up and so far they are shielding this bullshit away from the main economy. If Republicans were still in the White House, we were all would have been in a deeper hole right now.
 
:lol: :lol: :lol:

This is the type of action I want to get involved in, not playing stupid WS games all day wasting my time. They come up with these elaborate schemes that are just dumb as hell. I am going to have to be an asshole and stop talking to them.
 


The banking industry is highly competitive, particularly for attracting affluent customers who generate various streams of income for banks.

First Republic went to great lengths to outdo their competitors with products that others could not match. However, these products were overly generous, carrying significant risk.

Their mistake was believing that they could purchase the loyalty of their top clients. As soon as the alarm was raised about potential trouble, these clients withdrew their deposits.
 
The banking industry is highly competitive, particularly for attracting affluent customers who generate various streams of income for banks.

First Republic went to great lengths to outdo their competitors with products that others could not match. However, these products were overly generous, carrying significant risk.

Their mistake was believing that they could purchase the loyalty of their top clients. As soon as the alarm was raised about potential trouble, these clients withdrew their deposits.
It is very competitive, but some of these banks was playing a very high risk games with people money, and it came back to bite them in the ass. They seriously need to put that rule that Trump remove to stop banks from playing these games. We came back from 2008 “thanks to Obama” but if we get another crash again, we are not coming back for a generation.
 
It is very competitive, but some of these banks was playing a very high risk games with people money, and it came back to bite them in the ass. They seriously need to put that rule that Trump remove to stop banks from playing these games. We came back from 2008 “thanks to Obama” but if we get another crash again, we are not coming back for a generation.
What are you talking about? Do you even know what the story is?
 
Either last year’s valuation was off or this year is off. Someone is going to eat this lil mothafucka with a national presence up and grow to big and bad mofo.
You have to understand fully, the magnitude of all that's happening. They are passing one debt to another. Whoever buys up those debts and derivatives are holding a bag of shit.

I said earlier watch all banks with the largest derivatives, they can no longer continue this system of debt. It does not work. Banking and what they've done to this world is coming to an end.

BRICS and all involved are not hurting. Sanctions did nothing but strengthen those nations to work away from the USD. Daily newer nations are settling transactions in currencies which are asset backed; ie: gold, silver and natural resources like oil and natural minerals.

Fiat debt based system is no longer sustainable. There's no longer any faith globally in the USD or Petrodollar.
 

JPMorgan buys First Republic Bank's assets after govt auction​


May 1 (Reuters) - JPMorgan Chase & Co (JPM.N) said on Monday it will buy most of First Republic Bank (FRC.N) after U.S. regulators seized the troubled bank over the weekend, marking the third major U.S. lender to fail in two months.

As part of the deal, JPMorgan will make a payment of $10.6 billion to the U.S. Federal Deposit Insurance Corp (FDIC) as part of the deal to buy most of the San Francisco-based lender's assets.

 

JPMorgan buys First Republic Bank's assets after govt auction​


May 1 (Reuters) - JPMorgan Chase & Co (JPM.N) said on Monday it will buy most of First Republic Bank (FRC.N) after U.S. regulators seized the troubled bank over the weekend, marking the third major U.S. lender to fail in two months.

As part of the deal, JPMorgan will make a payment of $10.6 billion to the U.S. Federal Deposit Insurance Corp (FDIC) as part of the deal to buy most of the San Francisco-based lender's assets.

Anyone want to guess who's next?
 
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