Money Grab by the big banks. Investors lose. Biden: "Investors are not protected."
Money grab by deep state? Lehman Brothers connection... Legacy Media: No Worries / Alternative Media: Deep State Money Grab / Social Media: Get Out Now!!!
916 Million XRP Moved by Ripple as Third Crypto-Friendly Bank Crashes... As reported by the popular crypto tracker Whale Alert, over the past 24 hours, several large XRP transactions have been spotted, including three astonishing ones that carried between 200 million XRP and nearly 300 million XRP each. Overall, a total of 916 million XRP was shifted by Ripple and anon wallets. These transfers took place at roughly the same time as the news of the third major crypto-friendly bank shutting down was spread. Ripple shovels 724 million XRP, whales move 192 million
Swiss Banks Agree With JPMorgan: Deposit Tokens Are a Way Into DeFi... Swiss banks are exploring an alternative to private stablecoins in an effort to support the country’s economy in digital asset transaction settlements and payments execution. The Swiss Bankers Association (SBA) revealed in a white paper it is researching the potential of a deposit token (DT) — a digital currency in the form of tokenized deposits based on distributed ledger technology. “This kind of stablecoin, if carefully designed, would potentially allow for a wide range of new applications, reduce risks, increase efficiency, and open up whole new areas of business,” the group wrote in the report
New York Community Bank Will Acquire Signature — But Not Crypto Holdings... A subsidiary of the New York Community Bankcorp, Inc. has entered an agreement to purchase Signature Bank, the Federal Deposit Insurance Corporation (FDIC) said in a press release on Sunday. The latest deal includes all $38.4 billion in Signature’s assets and $12.9 billion in loans, which were purchased at a significant discount of $2.7 billion. What’s not included in the acquisition is approximately $60 billion in loans — which will remain under the receivership of the FDIC until later distribution — and $4 billion in deposits from Signature’s cryptocurrency business.
Holders of $17bn of Credit Suisse bonds wiped out under UBS takeover... Holders of $17bn of Credit Suisse bonds will have their investment wiped out following the bank’s takeover by UBS, in a surprise move that is expected to cause ructions in European debt markets when they open on Monday. As part of the historic deal between the banks, Swiss financial regulator Finma ordered that SFr16bn ($17bn) of Credit Suisse’s additional tier 1 (AT1) bonds, a relatively risky class of bank debt, will be written down to zero.
First Republic continues tanking, but other regional banks are rallying on Monday... Shares of First Republic Bank, which have become the barometer of the regional bank crisis, slid once again Monday after Standard & Poor’s cut the credit rating of the San Francisco-based institution, but shares of rival banks were moving higher. S&P reduced its credit rating for First Republic to B+ from BB+ on Sunday after first lowering it to junk status just last week. The rating remains on CreditWatch Negative, said S&P.
Global banking crisis: One big problem down, too many others left to go ... After a major, systemically significant bank crumbled over the weekend, the banking crisis left financial institutions and regulators scrambling Monday to prevent its spread. Credit Suisse, hobbled for decades by mismanagement, scandal and bad bets, finally succumbed to the emerging global banking crisis. Its stunning and rapid takeover by rival UBS, orchestrated by Swiss authorities Sunday, took one giant, wobbling domino off the table. Hours later, a group of central banks from around the world boosted the movement of US dollars through the global financial system to keep loans flowing to households and businesses and support the world’s major economies. The question investors and nervous customers want answered this week: What’s next? Are other banks about to fall – or be saved? Will regulators be forced to step in with more rescue plans?
Bank shares slide as Credit Suisse rescue fails to quell contagion fears... Banking stocks and bonds fell sharply on Monday as the hit to investors from UBS Group's state-backed takeover of Credit Suisse fanned worries about the health of the global banking sector.
100+ nations have global agreement now being deployed called ‘Project Sandman’ to drop and end dominance of U.S. dollar and petrodollar... “Project Sandman” describes a 100+ nation agreement that, when triggered, will see those nations simultaneously dump the dollar and abandon the “petrodollar” status that has allowed the USA to enjoy 50 years of fiat currency counterfeiting and material abundance at the expense of everyone else. When this decision is triggered, the dollar and all dollar-denominated assets will plunge to near-ZERO literally overnight. This means all dollar-denominated bank accounts, bonds, pension funds, treasuries and other investment vehicles will essentially be worth zero for the simple reason that all banks and markets will freeze operations. (This is the James Rickards “Ice-9” scenario.)
Nearly 200 Banks At Risk of Collapsing Just Like Silicon Valley Bank — Report... "Even if only half of uninsured depositors decide to withdraw, almost 190 banks are at a potential risk of impairment to insured depositors, with potentially $300 billion of insured deposits at risk," economists write. 186 U.S. banks are risk of insolvency and may collapse similar to the way Silicon Valley Bank went bankrupt last week, according to an international economic report. A study by four economists from top universities posted to the Social Science Research Network on March 13 claimed that Federal Reserve interest rate hikes have devalued assets like U.S. Treasuries held by these banks. “From March 07, 2022, to March 6, 2023, the federal funds rate rose sharply from 0.08% to 4.57%, and this increase was accompanied by quantitative tightening. As a result, long-dated assets similar to those held on bank balance sheets experienced significant value declines during the same period,” they wrote.
FedNow and ISO20022 March 17th 2023 | The Beginning of XRP and XLM | Ripple and Stellar Lumens ...
Credit Suisse Guilty of Tax Fraud and Subprime Mortgage Fraud, Accused of Aiding Clients Engaged in Torture, Drug Trafficking, and Money Laundering... As the Swiss government launches a potential rescue operation for troubled banking giant Credit Suisse, it’s worth remembering the massive levels of fraud the bank has been accused of over the last several years. In 2014, the bank pleaded guilty to charges of tax fraud from the U.S. Department of Justice after admitting to helping American taxpayers file fraudulent returns and hide funds offshore.
US Banks In Panic Mode! | BAILOUT CRISIS COMING... The SVB collapse has spread a contagion now affecting regional banks in the United States. Regional banks are seeing a crazy stock plunge as investors are pulling out their money. But it gets worse. The SVB bailouts have set up a bailout crisis that could spike inflation higher if more banks collapse. The higher interest rates go, the more pain the banks will feel. Here's what you must know!
