Credit ratings for 6 giant banks to be downgraded

via Dailymail: Credit agency Moody’s put six banks on watch for a potential downgrade. First Republic, Zions, Western Alliance, Comerica, UMB Financial and Intrust Financial are all being reviewed over ‘extremely volatile funding conditions for some US banks exposed to …

READ MORE

Tucker: Feds Using Bank Meltdown to Kill Off Regional/Local Banks, Consolidate Power… Warns of Digital Currency, That Bank Run Is Intentional

via newrightnetwork: Fox News host Tucker Carlson questioned what the federal government would get in return for “backstopping” failed banks like Silicon Valley Bank Monday. “What we know is the Biden administration is backstopping these deposits, okay. But that’s not …

READ MORE

The reserve ratio for banks was reduced to 0% on March 15, 2020.

by Settlemente Here is the link to the announcement of the reserve ratio for banks being reduced to 0%. https://www.federalreserve.gov/monetarypolicy/reservereq.htm#:~:text=As%20announced%20on%20March%2015,requirements%20for%20all%20depository%20institutions. The FDIC insures up to $250,000 worth of deposits (per person, per bank). The Dodd Frank act included requirements for …

READ MORE