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3232JPMorgan Chase Assumes Control of First Republic Bank Following Seizure by California Regulators
https://www.digit.info/jpmorgan-chase-assumes-control-of-first-republic-bank-following-seizure-by-california-regulators/
Mon, 01 May 2023 12:35:28 +0000https://www.digit.info/2023/05/01/jpmorgan-chase-assumes-control-of-first-republic-bank-following-seizure-by-california-regulators/Read more]]>On May 1, 2023, the California Department of Financial Protection and Innovation (DFPI) seized First Republic Bank, placing it into Federal Deposit Insurance Corporation (FDIC) receivership. According to reports, this move came after the bank’s financial troubles made it insolvent and unable to meet its obligations. Following the seizure, JPMorgan Chase submitted the winning bid […]
]]>Analyst Warns of Banks’ Authority to Confiscate Funds, Decline of US Dollar Purchasing Power
https://www.digit.info/analyst-warns-of-banks-authority-to-confiscate-funds-decline-of-us-dollar-purchasing-power/
Thu, 09 Feb 2023 20:30:36 +0000https://www.digit.info/2023/02/09/analyst-warns-of-banks-authority-to-confiscate-funds-decline-of-us-dollar-purchasing-power/Read more]]>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 […]
On May 1, 2023, the California Department of Financial Protection and Innovation (DFPI) seized First Republic Bank, placing it into Federal Deposit Insurance Corporation (FDIC) receivership. According to reports, this move came after the bank’s financial troubles made it insolvent and unable to meet its obligations. Following the seizure, JPMorgan Chase submitted the winning bid […]
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 […]