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SUBSCRIBE to Our Channel: So, how did you go bankrupt?” “Two ways. Gradually and then suddenly.” It appears a once high-flying bank headquartered in San Francisco, CA, is meeting a similar fate of possibly having to file Chapter 11 bankruptcy even after receiving $30 billion in uninsured deposits. A lifeline was given only one month ago from the likes of JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, Morgan Stanley, and six other banks.
So while many First Republic Bank customers were pulling their savings and capital out of First Republic Bank, mega zombie banks were there throwing them a few scraps to survive for perhaps one more month.
It looks like this weekend spells the end for First Republic Bank.
South African Gold Krugerrand Coin Tour | SDBullion.com
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WATCH CNBC-TV18 LIVE | Commodity Champions | Is It Good Time To Invest In Gold?
Gold prices have surged by around 20% in the past year in India. Manisha Gupta speaks with Ole Hansen of Saxo Bank
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Bloomberg First Republic Bank shares plunged as much as -54% in postmarket trading after a Reuters report stated that the FDIC was preparing to place it into receivership imminently
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The Sun Also Rises
By Ernest Hemingway, published in 1926 AD:
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Metals Focus, INDIA FOCUS MONTHLY, April 2023:
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How High Can Silver Rise?
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REAL ASSETS 200 Years of Global Gold Production by Country
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Gold pulls back after a brief run to $2,000 on U.S. banking woes
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WATCH CNBC-TV18 LIVE | Commodity Champions | Is It Good Time To Invest In Gold?
Manisha Gupta speaks with Ole Hansen of Saxo Bank
That will be all for another bank failure SD Bullion Market Update.
As always, you out there.
Take great care of yourselves and those you love….(read more)
LEARN MORE ABOUT: Bank Failures
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More Bank Failure ∞
In recent years, there has been an alarming increase in the number of bank failures worldwide. This trend has led to concerns about the stability of the global financial system and raises questions about the effectiveness of regulatory policies.
The financial crisis of 2008 was a wake-up call for many governments and regulatory authorities to strengthen the oversight and regulation of banks. However, despite efforts to enhance monitoring, it seems that more banks are failing than ever before.
One of the main reasons behind this increase in bank failures is the rapid expansion of financial institutions and their complex financial products. In their pursuit of profitability, banks have taken on excessive risks and engaged in activities that are difficult to understand and evaluate. This complexity makes it challenging for regulators to effectively assess the health of banks and identify potential vulnerabilities.
Moreover, the interconnected nature of the global financial system has contributed to the domino effect, where the failure of one bank can trigger the collapse of others. This contagion effect amplifies the impact of each bank failure and poses a significant threat to the stability of the entire banking sector.
Another factor that has played a role in the rising number of bank failures is the global economic slowdown. In times of economic recession, banks face increased loan defaults, shrinking profitability, and declining asset values. These factors can weaken their balance sheets and make them more vulnerable to failure.
Furthermore, inadequate risk management practices and corporate governance deficiencies within banks have also contributed to their downfall. Many banks have been found guilty of engaging in unethical and fraudulent practices, such as misreporting financial statements or manipulating interest rates. These actions erode investor confidence and make it more difficult for banks to raise capital when needed.
The implications of more bank failures are far-reaching. In addition to the loss of depositors’ funds, bank failures can lead to a credit crunch, making it harder for individuals and businesses to access loans. This, in turn, can hamper economic growth and exacerbate the impact of an economic downturn.
To address this issue, regulators need to take a multi-pronged approach. They should improve risk assessment methodologies to better understand the risks associated with complex financial products. Regulators must also enhance monitoring and supervision of banks to detect early warning signs of distress. Additionally, there is a need for stricter enforcement of regulations and penalties for banks that engage in illegal or unethical activities.
Moreover, banks should prioritize improving their risk management practices and corporate governance structures. They must focus on instilling a culture of transparency, accountability, and ethical behavior. Internal controls should be strengthened to prevent fraudulent activities, and senior management should be held accountable for failures and misconduct.
In conclusion, the rise in the number of bank failures is a worrying trend that raises concerns about the stability of the global financial system. To mitigate this risk, it is essential for regulators and banks to work together to strengthen oversight, improve risk management practices, and enhance corporate governance. Only by doing so can we restore trust in the banking sector and safeguard the stability of the financial system.
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FDIC Bank Fail Meeting Nov 2022: https://youtu.be/m5w2H-9StOA?t=41 & South African Gold Krugerrand Tour: https://youtu.be/CDMiPUlIBz4 as promised♥
May 10, 2023, S&P Global Ratings raised its long-term and short-term sovereign credit ratings on El Salvador to 'CCC+/C' from 'SD/SD'. The outlook on the long-term rating is stable.2 days ago
Salvador hold Bitcoin in treasury
The failure of SVB and everything happening has left the markets in shreds. I'm at a crossroads right now, deciding if to liquidate 200k portfolio down by 10%, and it's uneasy for me to not panic after my recent awful divorce. I just need investing ideas to afford my retirement
The currency became so worthless they debassed it to a credit on a ledger….
Biden wants Americans dead when the job is done biden will be happy he wants destroy America he told China's that
If we can PLEASE keep these bastards on the run …
Clean out ALL :
RCML AND ASE’s !!!
Drain the inventory – tell all family.& friends to stack like there’s no tomorrow !
20 banks could go under this weekend and come Monday the stock market will be nearly unfazed by it. Totally controlled.
Does SD Bullion see Russian gold coins? Russia being a major gold producer should have gold coin products. Thanks.
Doc's Deals!❤
Ooops!
It's been time to bet on gold!
The days of cheap money are over.
Expect money to get expensive. And the most expensive money is gold.
Another bank fails and they pump markets higher….Banana Republic USA under the Federal Reserve. END THE FED. Gold is money.
When banks invest in unsecured things with the thought that they take a chance on a greater profit is a very dangerous move. What always shines may not be gold.
The Krugerrand & I came into existence on the same day. 7/3/67
Hello James! Thank you for your weekly update! I have a question. Will premiums for silver drop soon?
Great update and analysis James. Keep them coming!
The First Republic Bank was a great bank in recent years and it could have survived if Peter Thiel, Elon Musk, Donald Trump, and their accomplices had not incited people on their social media to withdraw their deposits since the Silicon Valley bank. Fear was stoked and people were urged to withdraw their funds. If someone has control over such a large number of people, such as on Twitter, and intentionally stokes fear, that is not okay. The First Republic Bank has increased its profits a total of 28 times in the last 32 years, which even the big banks haven't achieved. It is therefore very sad to see this bank go under."It is not correct that the bonds are worthless. At the end of the term, the bank would get back its complete money. However, if the bond prices fall, the bank would have to sell them at a loss. The bond prices fell because the interest rates increased, but that is not a problem as long as one does not sell because at the end of the term, the bank would always get its complete money back. However, since customers, particularly incited by Peter Thiel, Musk, and Trump, were urged to withdraw their funds, banks had no choice but to sell these bonds at a lower price as they needed liquidity to pay out their incited customers. This would not have been necessary if customers had not rushed to the banks and demanded their money, causing banks to pay out the funds. Everything could have gone smoothly without harming anyone by simply waiting until the end of the bond term and then getting back all the money."
I think India is booming, I would love to live there!
Please tell me who in their right mind had money, in any way, still in First Republic?
I still want to know how much money Nancy Pelosi and her husband Paul had deposited in First Republic. I do not believe the bank was systematically important enough to rescue. I guarantee you that the Pelosi’s had millions in many different accounts.
When is the next The Awakening silver coin coming out?
Sonali Basak makes learning about monetary reform HAWT!!!
Gold is going to crash and sooner than you think
Stackcelerate !
Thank you
I bank with USAA. I don't really know if it's a stable bank, but I would assume it is at least not the worst bank. Plus, I never leave more than a week's pay in it at any point in time.