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WATCH - From @Breakingviews : After the 2008 crisis, regulators encouraged banks to lean on supposedly sticky sources of cash. Yet the collapse of Credit Suisse and Silicon Valley Bank shows that not all customer cash is stable, @LiamWardProud says
EU to ease process of winding down medium-sized banks - Bloomberg News
President Biden called on financial regulators to toughen oversight of medium-sized banks that faced reduced scrutiny following a regulatory rollback during the Trump administration.
From calm returning to global banks to why Alibaba thinks six is the magic number, we round up the big stories in business and finance over the week
RT @PeterSchiff : Prior to putting insolvent #SiliconValley and Signature#banks into receivership, authorities desperately tried to protect…
AM Read: Most U.S. banks are technically near insolvency, and hundreds are already fully insolvent - stagflationary debt crisis ahead (Roubini)
The average Wall Street bonus plunged 26% last year due to a slump in dealmaking and banks’ efforts to contain costs. @sallybakewell1 reports
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Wall Street has consolidated into 5 giant banks. Airlines have merged from 12 carriers in 1980 to 4 today. A handful of drug companies control the pharmaceutical industry. Four giants control over 80% of meat processing. The evidence of corporate concentration is everywhere.
Why Silicon Valley’s WOKE fear MUSK: Musk is an entrepreneur. He does not need a job or money. He beat BIG BANKS with PAYPAL. He beat DETROIT with TESLA. He beat NASA with SPACEX. And he will beat COMMUNIST censorship with TWITTER. Thank you and GOD bless ELON MUSK.
The federal government bailed out the banks. Trump and the Republicans gave huge tax cuts to the wealthy. Congress is about to hand $10 billion to Jeff Bezos to go the moon. Yes, we can afford to cancel all student debt.
Jim Banks: New York Times Damaged National Security to Hurt Trump via Thank you Jim. They a @BreitbartNewse Fake News!
The Paycheck Protection Program is up and running! The program is open to nonprofits as well, so banks be sure to sign up our Great Religious and Veteran Organizations that need help!
The Failing New York Times (it will pass away when I leave office in 6 years), and others of the Fake News Media, keep writing phony stories about how I didn’t use many banks because they didn’t want to do business with me. WRONG! It is because I didn’t need money. Very old
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