Are disclosures of “unrealized losses” on bank balance sheets next? By Wolf Richter for WOLF STREET. Acting Chairman of the FDIC Board of Directors, Travis Hill, who was sworn in as FDIC Vice Chairman on January 5, released […]
Pierre Aury warns there is a financial crisis looming that would make 2008 look like ‘a seaside picnic on a beautiful spring day’ In our last column we said that shipping is not an adiabatic […]
Daily Standup Top Stories Senator Ted Cruz Introduces Bill to Repeal Biden’s Natural Gas Tax June 5, 2024 Mariel Alumit U.S. Senator Ted Cruz introduced legislation to repeal the natural gas tax included in the Biden […]
Unrealized losses in the US banking system are once again on the rise, according to new numbers from the Federal Deposit Insurance Corporation (FDIC). In its Quarterly Banking Profile report, the FDIC says banks are now saddled […]
Daily Standup Top Stories Green-Plating™ the Grid: How Utilities Exploit the “Energy Transition” to Rake In Record Profits March 10, 2024 Stu Turley ENB Pub Note: This article is from the Energy Bad Boys Substack! I […]
Daily Standup Top Stories Federal money could supercharge state efforts to preserve nuclear power March 10, 2024 Stu Turley In the coming years, a nuclear power plant on the shores of Lake Michigan could become the […]
In 2024, some banks will fail. In 2023, five banks failed. In 1989, over 500 banks failed. Since 1936, there were only 5 years without bank failures. By Wolf Richter for WOLF STREET. The rate-cut-mania-inspired plunge in longer-term yields […]
Yesterday, we explained that the reason why the stock price of First-Citizens Bank & Trust exploded on Monday after the FDIC revealed that it would “acquire” much of the now failed Silicon Valley Bank, is […]
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