Month: May 2023

Credit conditions in Europe are tightening at the fastest pace since 2009. The banking crisis is just beginning, The worst is yet to come.

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Credit conditions in Europe are tightening at the fastest pace since 2009. via Bloomberg pic.twitter.com/QEQEEgK9lm — Daniel Lacalle (@dlacalle_IA) May 1, 2023 The banking crisis is just beginningWe have called it right for months The worst is yet to come (just wait for the office building bust)History Before it Happens:https://t.co/Lz05ySOZUa#FirstRepublic — Gerald Celente (@geraldcelente) May … Read more

FDIC Alert! JPMorgan Chase Bank, National Association, Columbus, Ohio Assumes All the Deposits of First Republic Bank, San Francisco, California. FDIC entering loss-share transaction agreement to share the losses with JP Morgan.

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by Dismal-Jellyfish Source: https://www.fdic.gov/news/press-releases/2023/pr23034.html First Republic Bank, San Francisco, California, was closed today by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.  To protect depositors, the FDIC is entering into a purchase and assumption agreement with JPMorgan Chase Bank, National Association, Columbus, Ohio, to assume all … Read more

Glenn Greenwald: Tucker’s removal eliminated the most influential anti-war voice from TV

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This article strongly suggests that the Murdochs talked to Zelensky, and Tucker's opposition to the US proxy war in Ukraine was a major factor in his firing. I'll await confirmation, but one thing is for sure: his removal eliminated the most influential anti-war voice from TV: https://t.co/eZ8DODnsLk — Glenn Greenwald (@ggreenwald) May 1, 2023 Here's … Read more

Europe is on a dark path

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by BoatSurfer600 More than 12 hospitality venues have shut each day in Britain over the past year amid the pressure of soaring energy costs, according to figures. High inflation and the cost-of-living crisis have resulted in the closure of 4,593 licensed hospitality premises over the year to March, according to the latest hospitality market monitor … Read more

First Republic Bank has been closed by regulators, as this is the 2nd largest bank failure in U.S. history

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(Forbes) JPMorgan Chase agreed to acquire First Republic after the bank was seized by financial regulators early on Monday, a deal that came after weekend-long negotiations led by federal agencies, who were attempting to prevent a third major bank collapse this year. https://www.forbes.com/sites/siladityaray/2023/05/01/jpmorgan-chase-agrees-to-acquire-first-republic-banks-deposits-after-fdic-intervenes/?sh=2f8fb7645a94 🚨#BREAKING: First Republic Bank has been closed by regulators, as this is … Read more