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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    "Bank panic" is the most dangerous thing in the Silicon Valley crisis

    Rocky
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    • Post n°1

    "Bank panic" is the most dangerous thing in the Silicon Valley crisis Empty "Bank panic" is the most dangerous thing in the Silicon Valley crisis

    Post by Rocky Tue 14 Mar 2023, 6:26 am

    "Bank panic" is the most dangerous thing in the Silicon Valley crisis
    • Time: 03/13/2023 23:41:44
       
    • Read: 1,846 times

    "Bank panic" is the most dangerous thing in the Silicon Valley crisis 6425671
      
    {International: Al Furat News} Experts have warned of a "banking panic" that may prevail in the United States, as one of the most prominent repercussions of the "Silicon Valley" bank collapse crisis, which could lead to a repeat of the 2008 scenario.
    The useful summary.. On important news, you can find it on Al-Furat News channel on Telegram.. To subscribe, click here
    The collapse of the "SVB" had reverberations in America and all over the world, given that many huge companies depend on this bank, which is the largest banking institution that collapsed after the global financial crisis in 2008. Analysts said that without reaching a solution
    by On Monday, other banks are likely to come under pressure if depositors worry about their savings.
    "Bank panic"
    The New York Times reported that "bank panic" begins when people fear that their deposits are "at risk", leading to increasing withdrawals from banks.
    She added that bank panic may affect even "healthy" banks, highlighting that the increasing withdrawals eventually lead to the bankruptcy of many banks and companies.
    To preempt the banking panic, US officials at the Federal Reserve, the Treasury Department and other agencies tried to allay fears last night by stressing that all customers can get their money.
    The "New York Times" stated that the urgent intervention of US officials aims to "reduce the possibility of a banking panic."
    Informed sources reported that the US authorities are about to take "fundamental measures" to support deposits in SVB Bank and prevent the repercussions of its sudden collapse from spreading.
    The sources said that President Joe Biden's administration officials worked, at the beginning of this week, to assess the repercussions of the bank's collapse on Friday, with a special focus on the emerging project financing sector and multi-branch banks.
    The Washington Post quoted three well-informed sources as saying that the US authorities are considering protecting all uninsured deposits in SVB, as well as intervening to prevent what they fear will be panic in the US financial system.
    Earlier today, US Treasury Secretary Janet Yellen said she is working with banking sector regulators to address this collapse.
    It added that it was working to protect depositors, but ruled out a bailout plan.
    Silicon Valley Bank, based in Santa Clara, California, is the 16th largest US bank with assets of $209 billion.
    https://alforatnews.iq/news/%D8%A7%D9%84%D8%B0%D8%B9%D8%B1-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%81%D9%8A%D8%A7%D8%AE%D8%B7%D8%B1-%D9%85%D8%A7%D9%81%D9%8A-%D8%A7%D8%B2%D9%85%D8%A9-%D8%B3%D9%8A%D9%84%D9%8A%D9%83%D9%88%D9%86-%D9%81%D8%A7%D9%84%D9%8A
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