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Tag: bankruptcy

Under the carpet: First Republic Bank Loses 40% of Deposits

Under the carpet: First Republic Bank Loses 40% of Deposits

I got my first heads-up from Hal Turner yesterday. First Republic Bank Goes “Zombie” – Loses 40% of Deposits   First Republic Bank Corporation (FRC) delayed releasing it’s first quarter numbers until stock trading had closed for the day on Monday; now everyone knows why: During Quarter One of 2023, Depositors at FRC withdrew forty percent (40%) of the total deposits in the bank!  Worse, if it wasn’t for the larger banks depositing $30 Billion to shore them up, FRC’s actual withdrawal…

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Biggest Bank Failure Since 2008 as Regulators SHUT DOWN Silicon Valley Bank

Biggest Bank Failure Since 2008 as Regulators SHUT DOWN Silicon Valley Bank

Financial regulators have closed Silicon Valley Bank and taken control of its deposits, the Federal Deposit Insurance Corp. announced Friday, in what is the largest U.S. bank failure since the global financial crisis more than a decade ago. The collapse of SVB, a key player in the tech and venture capital community, leaves companies and wealthy individuals largely unsure of what will happen to their money. According to press releases from regulators, the California Department of Financial Protection and Innovation closed SVB…

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Jacinda’s rules: 70 percent of Auckland businesses expect to close

Jacinda’s rules: 70 percent of Auckland businesses expect to close

This is one of the very reasons why people are occupying Parliament grounds Survey finds over 70 percent of Auckland businesses expect to close because of COVID isolation rules It’s all the talk on Takapuna’s main drag – the threat of closure if anyone gets pinged as a close contact. “It’s a big, big concern, a lot of my friends as well they’ve been closed for seven days because they were a close contact and this doesn’t help at all…

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