If you look at Deutsche Bank’s balance sheet things look pretty similar to Credit Suisse before failure

by Pengufen Deutsche Bank balance sheet: https://investor-relations.db.com/files/documents/annual-reports/2023/Annual-Financial-Statements-of-Deutsche-Bank-AG-2022.pdf Credit Suisse balance sheet: https://www.credit-suisse.com/about-us/en/reports-research/annual-reports.html (2022 Consolidated financial statement) Most of their assets are illiquid and their reserve and cash on hand balance has shrunk by about 50% from a year ago. The same thing happened to …

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Things could get wild … Again

  The Federal Home Loans Banks sold 90B in bonds and treasuries to raise liquidity for commercial banks.  Banks flooded the Federal Home Loan Bank System with requests for up to $90 billion in billions in low-cost funding to shore …

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We Learn New Things About US Law Every Day

by Chris Black Woah, so the governor of Texas can arrest illegal immigrants without due process if they are Iranian? EXCLUSIVE: Texas law enforcement arrested an Iranian illegal immigrant at the southern border whose name and date of birth subsequently …

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HOW THINGS WORK TODAY: “FDA officials told reporters Tuesday that they do not expect anyone at the FDA to be fired or reassigned over the infant formula shortages.”

WASHINGTON—The head of the U.S. Food and Drug Administration proposed consolidating the leadership of the food side of the agency Tuesday, in response to criticism of its slow response to the baby formula shortages and other food safety concerns. The …

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Things have got serious lately, guys.

by LostHoldenCaulfield Yesterday, I read a lot of game-changing pieces of news. All in one day. Unbelievable. Some of them are: https://twitter.com/markets/status/1615258675987320832 https://www.arabianbusiness.com/politics-economics/saudi-arabia-open-to-non-dollar-trade https://markets.businessinsider.com/news/currencies/dollar-dominance-russia-iran-gold-backed-stablecoin-crypto-2023-1 and more But most importantly https://twitter.com/zerohedge/status/1615450667362967583 And the recent BoJ’s decision to defend the bond’s cap …

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