Bailouts – DIGIT INFO

Experts Predict More Bank Failures in the US Following Interest Rate Hike and Unsettled Banking Crisis

DIGIT — Mon, 27 Mar 2023 18:30:08 +0000

After the recent bank collapses in the U.S., a number of people believe that more failures are coming following the Federal Reserve’s increase of the benchmark interest rate by 25 basis points (bps). American journalist Charles Gasparino insists that Wall Street’s “low-rate” junkies are ignoring the U.S. banking crisis. Quill Intelligence CEO Danielle DiMartino Booth […]

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First Republic Bank’s Shares Downgraded to Junk Status by S&P Global; Stock Slides More Than 25% Lower

DIGIT — Mon, 20 Mar 2023 17:30:57 +0000

After UBS acquired Credit Suisse and close to a dozen financial institutions injected $30 billion into First Republic Bank four days ago, S&P Global downgraded First Republic’s shares to junk status on Sunday. Investors are concerned that the cash infusion from 11 major financial institutions may not address the bank’s liquidity issues. First Republic’s shares […]

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‘Next Round of Bailouts Is Here’ — Bitcoin and Precious Metals Soar Amid Speculation of Fed Policy Change

DIGIT — Fri, 17 Mar 2023 20:30:38 +0000

At around 7:30 a.m. ET, the price of bitcoin skyrocketed past the $27,000 range to a high of $27,025 per unit. Precious metals, or PMs, like gold and silver, also rose between 1.98% and 2.12% against the U.S. dollar over the past day. While many market observers are wondering why specific assets like PMs and […]

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US Bank Outflows and Concerns Mount: 11 Banks Bail Out First Republic Bank From Collapse

DIGIT — Fri, 17 Mar 2023 14:00:46 +0000

After the fall of Silvergate Bank, Silicon Valley Bank (SVB), and Signature Bank (SNBY), First Republic Bank, a commercial bank and wealth management services provider, is the latest financial institution to receive a bailout. Close to a dozen lenders announced they will deposit $30 billion into the beleaguered bank’s coffers to shore up liquidity. U.S. […]

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Analyst Warns of Banks’ Authority to Confiscate Funds, Decline of US Dollar Purchasing Power

DIGIT — Thu, 09 Feb 2023 20:30:36 +0000

According to Lynette Zang, chief market analyst at ITM Trading, U.S. banks have the legal authority to confiscate people’s funds due to legislation passed by Congress. In a recent interview, Zang discussed how the purchasing power of the U.S. dollar has dwindled to “roughly three cents,” her belief that central bank digital currencies (CBDCs) will […]

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Report: Fed’s Secret Repo Loans to Megabanks in 2020 Eclipsed 2008 Bailouts, Data Dump Shows $48 Trillion in Stealth Funding

DIGIT — Wed, 13 Apr 2022 21:30:28 +0000

Following the controversial bank bailouts and Troubled Asset Relief Program (TARP) in 2008, reports show in late 2019 and 2020, the U.S. Federal Reserve participated in providing trillions of dollars in secret repo loans to megabanks. At the end of March, investigative journalists, Pam and Russ Martens from Wall Street on Parade, uncovered $3.84 trillion […]

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Kickstarting the Bitcoin Network: A Look at the Genesis Block and Source Code That Sparked a Financial Revolution

DIGIT — Mon, 03 Jan 2022 15:40:34 +0000

13 years ago today, the anonymous creator of the Bitcoin protocol kickstarted the network by mining the genesis block. Satoshi started the genesis block on Saturday, January 3, 2009, at precisely 1:15 p.m. (EST), and since then more than 700,000 blocks have been mined into existence. Kickstarting the Bitcoin Network Today, bitcoiners and cryptocurrency advocates […]

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Dropping GBTC Premium: Anonymous Group Claims Blockfi Facing Solvency Issues Due to Exposure to the BTC Trust

DIGIT — Fri, 12 Mar 2021 13:46:32 +0000

An anonymous group has claimed that Blockfi, which has an estimated $1.8 billion in customer assets invested in Grayscale Investment’s GBTC, is facing potential insolvency issues associated with the negative premium on the GBTC shares. Using the negative premium of minus 7.89% on the GBTC shares to illustrate the extent of the problem, the anonymous […]

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Bank of America Investor Survey Highlights the Most Crowded Trades: ‘Long Tech, Short USD, Long Bitcoin’

DIGIT — Tue, 15 Dec 2020 22:30:46 +0000

The highly anticipated Bank of America fund manager survey has been published, and this December fund managers who participated in the survey are sweeping up risk assets. The asset managers have dropped cash for the first time in close to seven years, as levels are down 4%. Moreover, strategists at Bank of America Corp. now […]

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As Citizens Suffer Central Banks Flush Trading Houses With Trillions, Ease Corporate Strains

DIGIT — Thu, 10 Dec 2020 12:05:12 +0000

Central banks across the world have been increasing stimulus and letting inflation run high in order to combat the disastrous economic effects of the coronavirus outbreak response. The Bank of Japan has recently become the country’s largest stockholder and the European Central Bank is prepared to expand its colossal stimulus program. Meanwhile, Federal Reserve Chair […]

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