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Economy
Banking crisis: the US economy is suffocating without an influx of new money
2023-05-03
Direct Translation via Google Translate. Edited.
[REGNUM] In any case, America will face political instability during the presidential election race, and if against this background a new recession breaks out, coupled with the collapse of an increasing number of banks, then this could already threaten the most painful consequences for the country.

In the US, the fourth bank has failed since the beginning of 2023. Following Silicon Valley Bank, Silvergate and Signature Bank, another regional bank, First Republic, went to the bottom. He has become another victim of the deteriorating financial situation in the United States, which is already threatening a new recession and aggravating general instability in America - and in the midst of the presidential race.
Posted by:badanov

#7  I bank at a small Christian denominational credit union and a couple of socks in the sock drawer.
Posted by: Slats Snore5077   2023-05-03 19:57  

#6  Banks consider offering depositors much higher interest rates to attract 'new money'?
Posted by: Procopius2k   2023-05-03 17:46  

#5  Meanwhile the US Treasury just reported it will pay 5.274% on the 13 week bill to be issued tomorrow. Oddly enough the 4 week bill is only paying 3.905%. Unless you need to access all your money all the time, TreasuryDirect beats all the banks for this kind of loan.
Posted by: Big Cloluter7564   2023-05-03 16:33  

#4  Combine this with the boomers at the tail end of mass retirement and their liquid assets and stocks will be pulled into retirement funds and not available for investment. We are gonna have high inflation of 7-10% for the next decade.
Posted by: DarthVader   2023-05-03 11:43  

#3  Morgan Stanley is cutting nearly 5% of its workforce - about 3,000 jobs, with bankers and traders impacted the most - as post-pandemic slump drags on across Wall Street
Posted by: Skidmark   2023-05-03 07:37  

#2  Apple’s high-yield savings account that offers 10 times more interest than the average bank draws in nearly $1 billion deposits in first four days - should you switch?
Posted by: Skidmark   2023-05-03 06:34  

#1  
Regional banks plunge in value by up to 45% as shockwaves from First Republic's collapse continues to reverberate
Posted by: Skidmark   2023-05-03 06:27  

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