Bank Failures Spread Through Financial System, Regulators Close Second Failed Bank, Signature Bank
I still don’t have a place yet, I’ve been staying at the local hostel or hotels trying to get a place but it hasn’t been smooth, if you can and want to help, anything helps right now cashtag $silverreport thank you for all you’ve done,
send support via “friends and family” or they will hold it
Buy our services on Fiverr
-Free Logo included! create flyer, motion graphic still advertisements, video advertisements with full rights
– I will personally do your voiceover, can translate
You can support the channel by buying my products
Want more internet traffic, the full detailed insiders blueprint,
BACKUP CHANNEL, this channel is under threat of elimination at any moment, the show will also run on IGP so when the day comes and SRU is lost you can keep getting our content
subscribe today before its too late
subscribe today
get paid to watch this SRU channel
Telegram
Support via Bitcoin,
contact us for more options here
even more shocking news: the Treasury announced that New York State regulators are shuttering Signature Bank – a major New York bank – adding that all depositors both at Signature Bank, and also the now insolvent Silicon Valley Bank, will have access to their money on Monday.
And as we process the shock of yet another small bank failure (which makes JPMorgan even bigger), the Fed just issued a statement saying that “to support American businesses and households, the Federal Reserve Board on Sunday announced it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors. This action will bolster the capacity of the banking system to safeguard deposits and ensure the ongoing provision of money and credit to the economy.”
The Fed also said that it is prepared to address any liquidity pressures that may arise, which in turn has just unveiled the first bailout acronym of the new crisis: the Bank Term Funding Program, or BTFP. Some more details:
The financing will be made available through the creation of a new Bank Term Funding Program (BTFP), offering loans of up to one year in length to banks, savings associations, credit unions, and other eligible depository institutions pledging U.S. Treasuries, agency debt and mortgage-backed securities, and other qualifying assets as collateral. These assets will be valued at par. The BTFP will be an additional source of liquidity against high-quality securities, eliminating an institution’s need to quickly sell those securities in times of stress.
The Fed explains that the Department of the Treasury will make available “up to $25 billion from the Exchange Stabilization Fund as a backstop for the BTFP.” And while the Federal Reserve – which was completely clueless about this banking crisis until Thursday – does not anticipate that it will be necessary to draw on these backstop funds, we anticipate that the final number of needed backstop liquidity be somewhere north of $2 trillion….(read more)
LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
In recent news, we have seen a concerning trend of bank failures spreading through the financial system. The latest victim of this unfortunate trend is Signature Bank, which was recently closed by regulators after it became the second failed bank in a short period of time.
Signature Bank, a small community bank based in Anytown, had been struggling for some time due to mounting loan losses and a lack of profitability. As a result, the bank was unable to meet its financial obligations and ultimately had to be shut down by regulators.
The closure of Signature Bank is just the latest in a series of bank failures that have rocked the financial system in recent months. Earlier this year, another small bank in a neighboring town was also closed by regulators after it too failed to meet its financial obligations.
These failures are a clear sign that there are significant weaknesses in the financial system that need to be addressed. While larger banks may be better equipped to weather economic downturns, smaller community banks are often more vulnerable to financial shocks and are at a higher risk of failure.
Regulators have been working tirelessly to monitor and assess the health of banks across the country, but the recent spate of failures is a stark reminder of the fragility of the financial system. It is crucial that regulators continue to be vigilant and proactive in identifying struggling banks and taking necessary action to prevent further failures.
The closure of Signature Bank will undoubtedly have ripple effects throughout the local community and the broader financial system. Depositors may face challenges in accessing their funds, and employees of the bank may find themselves out of work. The impact of bank failures can be far-reaching and have serious consequences for individuals and the economy as a whole.
As we navigate through these uncertain times, it is important for individuals and businesses to be vigilant about the health of their financial institutions. It is also crucial that regulators continue to closely monitor the financial system and take prompt action to prevent further bank failures.
In conclusion, the closure of Signature Bank serves as a stark reminder of the fragility of the financial system and the need for continued vigilance and regulation. It is imperative that all stakeholders work together to strengthen the financial system and prevent further bank failures from spreading through the economy.
The FED at this same time is supporting Congress to fund existing approved funding until a new debt ceiling is authourized. This support will run out in June or July, or so we are told. So does this mean there will be less ability to support the US government, what is the trade off here?
Lol this isn't 2008. This is primarily driven from the rate hikes and the start up banks and smaller banks are getting crushed because they flooded their portfolios with fixed income long term treasuries and have been getting crushed by the rate hikes. Yes, we are going to print more money but this system has been in place since 2000s? At this point, it is a cyclical pattern with the US economy and not a surprise. Is the system messed up? Yes Does it make sense? No But we continue to feed into the system and praise the tax credits, praise the inflation payments, and then point fingers are the system and the people in power doing it. Let's be real, for all we know Powell was looking to create this collapse know the smaller banks wouldn't be able to handle it and slow inflation. The guy did come from Goldman sachs and understands the US banking system. I mean, we have never seen the US dollar reach the EUR in equal value which happened over 1 year! Like, this was bound to happen. If anything, the banks that have loads of cash on their balance sheet will end up profiting from this collapse of SVB and other small banks. HSCBC bought a piece for like $1? I wish I could buy a piece of a company for $1 lol. Fed isn't coming to the rescue, they knew this would happen and implemented the strategy. Their biggest focus has been inflation, they could care less about banks failing because they can just print and save the companies.
Rest assured that Brandon and the democrats will say this is because of Trumps policies.
There is a reason When Jesus said " you cannot serve God and mammon " he didn't say and food, or and family, or and self, he said mammon/money. And I believe that the digital currency system will be taking what was going on in God's temple in Jerusalem to the fleshly temple. Jesus says we are the temple of God and just as the money changers sought to turn our Father's house then from a house of prayer into a den of robbers they again are seeking to make merchandise of the souls of men. That's what I believe the mark is all about. We are to present ourselves as living sacrifices to God to follow Christ Jesus in doing the Father's will, but the spirit of the Son Of Perdition (SOP) is at work in many people and they will rob God of what belongs to him. And Jesus gave the SOP to Judas and satan entered into him. Also when Jesus was asked if they should pay taxes he answered them "show me the coin" and they showed him and he said" who's image and inscription is on it?" And they answered "ceasar" so Jesus replied render unto ceasar what is caesar's, and render unto God what is God's. For those of us who love his will and seek his face continually we are led by his spirit/will and are his image and likeness, but for all those who do not seek him and do thier own will they are the image of the beast and will take its mark and do the will ofthe flesh and be sonsof perdition/destruction. God bless all of us who love, seek, trust, and obey Christ Jesus for we are upheld by his right hand of righteousness and will be kept to endure till the end not by our strength but by the power of The Most High God YHWH and his son Jesus Christ!