Silvergate Bank, Silicon Valley Bank, Signature Bank and First Republic Bank collapsed like dominoes between March and April 2023. The United States Treasury Department, the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) proceeded with a previous intervention in order to stop the transmission of the crisis to the regional banks and to the …
Tag: banks
New York Community Bank sparks another round of bank failures
The US banking system is reeling as the commercial real estate market may turn out to be as toxic as the subprime mortgages that led to the 2008/2009 crisis. At the same time, approximately 1 trillion dollars are the loans that the official banking sector has granted to the shadow financial system – how much …
FED: Prepares permanent mechanism for bailing out troubled banks
The US banking system is at risk of collapse, according to the indications we have based on the movements of the federal authority, the Federal Reserve, in order to force US banks to use the so-called discount window on their funds in order to prepare for future banking crises – which are certain to occur. …
Why is the only deposit banking product a deposit, while everything else is an investment?
Borrowing rates may be rising, but deposit rates remain at zero, frustrating depositors who see inflation erode the value of their money. The average interest rate on new loans in the Eurozone was 3.85%. In contrast, the average deposit rate was 1.15%. Any attempts by the Central Banks of the ECB in the member countries …