Bank Collapse
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Signature Bank Closed to Prevent Crisis Spread
It is reported that the New York State financial regulator closed Signature Bank on Sunday to prevent the crisis caused by the collapse of Silicon Valley banks from spreading to other banks. The United States Treasury Department, the Federal Reserve and the Federal Insurance Depository Corporation issued a joint statement on Sunday that the depositors of this New York-based bank will be able to withdraw all funds, which is the same as the situation that allows depositors of Silicon Valley banks to withdraw deposits on Monday, and is an exception to similar systemic risks. The regulator closed the Signature Bank focusing on cryptocurrency business to avoid the spread of the crisis Analysis based on this information:According to reports, the New York State financial regulator closed Signature Bank on Sunday to prevent the crisis caused by the collapse of Silicon Valley banks from spreading to other banks. This move is significant as it shows the extent to which regulators are willing…
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Robert Kiyosaki’s Prediction of a Third Bank Collapse and Its Implications
According to reports, Robert Kiyosaki, author of \”Rich Dad and Poor Dad\”, said in a social media article that after the collapse of Silicon Valley Bank and the…
