US Banking Industry in Turmoil: A Comprehensive Look at the ‘Great Consolidation’ and Largest Bank Failures of 2023

2023 has been a rollercoaster ride for the U.S. banking industry. The collapse of three major banks has sent shockwaves through the financial world, with their combined assets surpassing the top 25 banks that crumbled in 2008. The following is a

Pacwest Stock Plummets Over 35% Following Release of Q1 Earnings Report Amidst Turmoil in Banking Industry

Following the acquisition of First Republic Bank by JPMorgan Chase, several regional banks such as Pacwest and Western Alliance experienced a significant drop in their stock prices. On Tuesday afternoon, all four major U.S. benchmark stock indexes are in decline as

Commodity Strategist Warns US Economy Heading Toward ‘Severe Deflationary Recession’

Bloomberg Intelligence’s senior commodity strategist, Mike McGlone, ha advertido que EE.. economy isheading towards a severe deflationary recession,” emphasizing that the Federal Reserve is still tightening. “Typically, when you have commodities collapsing at this velocity in the past, la…

El candidato presidencial estadounidense RFK Jr.. Dice que Bitcoin proporciona una "ruta de escape" de la agitación financiera

Los lunes, Roberto F.. Kennedy Jr.. Una vez más advirtió al público que tenga cuidado con las monedas digitales del banco central. (CBDC), e insistió en que la administración Biden ha lanzado una “aluvión constante de ataques hostiles contra las criptomonedas.” kennedy, quien presentó recientemente…

Economists Expect the Fed to Reveal Another 25bps Rate Hike Before Pausing for the Rest of 2023

After the March rate hike by the Federal Reserve, economists believe that the recent move by Saudi Arabia and several members of the Organization of the Petroleum Exporting Countries (OPEC) to cut oil production could complicate the central bank’s mission. Además,…

US Bank Lending Drops by Record $105 Billion in Two Weeks, Trillions Moving to Money Market Accounts, Elon Musk Warns ‘Trend Will Accelerate’

The banking industry in the United States is still struggling after the collapse of three major banks. Según las estadísticas, bank lending in the U.S. has dropped by close to $105 billion in the last two weeks of March, cual es…

Law Firm’s White Paper Claims US Bank Regulators Are Waging a ‘Clandestine Financial War’ Against Crypto Businesses

According to a recent white paper published by four members of the law firm Cooper & Kirk, PLLC, A NOSOTROS. bank regulators are attempting todrive crypto businesses out of the financial system.The paper, titledOperation Chokepoint 2.0,claims that after

Nasdaq tiene como objetivo lanzar servicios de criptocustodia en el segundo trimestre

Nasdaq intends to launch its custody services for digital assets like bitcoin by the end of this years second quarter. The exchange operator is among those traditional financial firms that want to play a role as intermediaries in the crypto sector

El multimillonario Bill Ackman sobre la crisis bancaria de EE. UU.: "Temo que nos dirigimos a un accidente de tren"

Billionaire Bill Ackman has warned that the U.S. economy isheading for a train wreckif the government allows the current banking crisis to continue. “Trust and confidence are earned over many years, but can be wiped out in a few

Yellen Says US Could Back All Deposits at Smaller Banks if Needed to Prevent Contagion

A NOSOTROS. Treasury Secretary Janet Yellen says the federal government could guarantee all deposits of smaller banks if theysuffer deposit runs that pose the risk of contagion.The government recently protected all deposits of Silicon Valley Bank and Signature Bank after