Credit Suisse crisis: The market is in 'seek and destroy' mode, analyst says The cut-price deal is expected to close this year and creates a banking behemoth with more than $5 trillion in total invested assets. The deal also includes support from the Swiss government, financial regulator...
Banking Crisis -- What Banking Crisis?Frank Barbera CMT
In 2023, we saw the outbreak of a banking crisis (that isn’t over), a new Middle East war break out in Gaza, two states ban Trump from the ballot in the 2024 elections and the mainstreaming of AI, among other things. All I can say is strap in, because 2024 is setting up to b...
Only ten days ago, you might have thought that the banks had been fixed after the nightmare of the financial crisis in 2007-09. Now it is clear that they still have the power to cause a heart-stopping scare. Aferociousrun at Silicon Valley Bank on March 9th saw $42bn in deposits flee...
Yes, they do. As of 2023, it is estimated there were 563 savings and loan institutions in the U.S. This is down from 3,371 in 1989.6 How Many People Were Prosecuted for the Savings and Loan Crisis? More than 1,000 bankers were convicted by the Justice Department after the Savings and...
reserves(IOER), which is paid on any funds a bank deposits with the Federal Reservein excess of their reserve requirement. On July 19, 2021, the IORR and IOER were replaced with a new simplified measure, the interest on reserve balances (IORB).3As of July 2023, the IORB rate is 5.4...
The Social Security Board of Trustees’ 2023 annual report revealed that Social Security’s trust funds may fall short of money needed in 2024 unless Congress takes action. That would mean annual revenue coming into the fund through taxes would only cover 80% of benefits. Congress is aware of...
Rising interest rates have left banks exposed. Time to fix the system—again 不断上升的利率使银行暴露在风险之中。是时候再进行一次系统性修复了! Only ten days ago, you might have thought that the banks had been fixed after the nightmare of the financial crisis in 2007-09. Now it is clear...
Fractional reserve banking is the banking system used throughout the world today. Banks use fractional reserves to create loans for businesses and consumers. Without the ability to do this, an economy's growth is stunted, leaving it to flounder while those that need money for large purchases and...
Which Is Worse, Inflation or Deflation? Deflation is worse than inflation because it can cause a downward economic spiral that leads first to a recession, and then possibly to a depression.The Bottom Line Interest rates and inflation tend to move in the same direction, but with lags because ...