BANK RUN will get worse!

Troubles coming...

https://youtu.be/M-tqUO52cxQ
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https://ceoworld.biz/2023/04/02/biggest-...sets-2023/

Biggest banks in the world, as measured by total assets, 2023

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https://www.channelnewsasia.com/business...it-3460491

Shares in regional U.S. banks got clobbered on Tuesday - PacWest BanCorp lost a quarter of its market cap - setting a gloomy and defensive tone for Asian markets on Wednesday ahead of the Federal Reserve's latest interest rate decision.

The U.S. regional banking index tanked 5.5 per cent on Tuesday, its biggest fall since the depths of the crisis in mid-March. The index is at a two and a half year low and has lost a third of its value in the last two months.
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美元潮汐收割全世界,为什么玩不转了?08年金融危机其实从未解决
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https://finance.yahoo.com/news/asia-stoc...33885.html

Bank Woes Hit Stocks With Few Signs Drama Is Over : Markets Wrap

A fresh selloff in US regional banks roiled trading desks around the globe, with investors growing even more anxious about further vulnerabilities in the financial industry and the potential spillover-effects to other corners of the economy.

Multiple volatility halts hit Western Alliance Bancorp and PacWest Bancorp amid a rout that sent each lender down at least 60%. A US probe into Goldman Sachs Group Inc.’s role in Silicon Valley Bank’s deal also weighed on sentiment. All 21 shares in the KBW Bank Index of financial heavyweights like JPMorgan Chase & Co. and Bank of America Corp. retreated. The $2.5 billion SPDR S&P Regional Banking exchange-traded fund was on pace for its lowest since September 2020.

The S&P 500 headed toward its fourth straight day of losses. The drop in equities sent the Cboe Volatility Index (VIX) above the key 20 mark.

“The acute phase of bank turmoil may not be over, and policymakers need urgently to recognize that,” said Krishna Guha, vice chairman at Evercore ISI. “The problem is that their financial stability policy options are limited.”

Shakier Finances

The recent collapse of First Republic Bank and a raging selloff in regional banks has raised concern about vulnerabilities in the financial industry and bolstered fears of a lending crunch that could spur a hard landing. For firms with shakier finances that often borrow money not only through banks but also with high-yield debt, signs of stress in the system may inflict even more pain.

“Companies with the highest level of leverage aren’t necessarily the most prudent ones, so if we see a pullback in bank lending, they become harder to underwrite,” said Max Gokhman, head of MosaiQ Investment Strategy at Franklin Templeton Investment Solutions. “Investors recognize that if rates go down, they may not necessarily go down for the most-indebted companies and they may have a hard time getting additional financing when they need it most.”
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The World has really flipped 180 on it head since the start of Ukraine conflict...

As US and European banking system continue to struggle with saving their reputation and retain their customers savings, the Russians, which the West try to destroy economically, are doing roaring business with their REAL CURRENCY in terms of oil and gas exports....

Big Grin

https://www.channelnewsasia.com/business...nd-3464641

You've got friendly neighbours? Grow Up! 李光耀 2013
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【盧秀芳辣晚報】"美國驚慌!" "186家瀕臨倒閉" 銀行"血流成河"@CtiNews 精華版
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https://www.channelnewsasia.com/business...se-3465971
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【盧秀芳辣晚報】"美元糟了" 美國銀行 "驚人實話" 拜登嚇壞@CtiNews 精華版
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银行危机跨洋传雷,花旗警告欧美商业地产或将出现40%大暴跌!
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https://www.thisismoney.co.uk/money/arti...-list.html

By the end of this year HSBC, NatWest, Nationwide, Barclays, Virgin Money, TSB, Santander and Lloyds will have shut down 2,277 outlets since 2019.

But Barclays is the worst offender with 614 branches either closed down or set for closure over that period, ac



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https://www.businesstimes.com.sg/compani...-rid-banks

The only way to stop bank runs is to get rid of banks

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