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The Music Just Stopped: Japan Banking Giant Norinchukin To Liquidate $63 Billion In Treasuries & European Bonds To Plug Massive Unrealized Losses

The Music Just Stopped: Japan Banking Giant Norinchukin To Liquidate $63 Billion In Treasuries & European Bonds To Plug Massive Unrealized Losses Last October, when the wounds from the March 2023 bank failures – which surpassed the global financial crisis in total assets and which sparked the latest Fed intervention, setting the market’s nadir over the past 16 […]

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Republic First seizure signals more bank failures to come, expert warns

Republic First seizure signals more bank failures to come, expert warns Fears of contagion reignited by first US bank failure of 2024 Feds’ rate cut promise caused banks to drastically mismark books: McDonald The Bear Traps Report founder Larry McDonald says the New York Community Bank collapse speaks to a greater economic problem on “Making […]

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Bank Failure: MAYBE nothing to see here this time.

Bank Failure: MAYBE nothing to see here this time. Regulators seized their first bank of the year on the same day that regulators are telling other regulators and financial institutions to ready themselves for possible trouble in the major financial clearing houses. (At least, same day in terms of when it hit the news.) Reminder: It was […]

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“Worst Since Lehman”: Banks Break The World Again

“Worst Since Lehman”: Banks Break The World Again Last week we detailed BofA’s Michael Hartnett’s warning that “The Fed will tighten until something breaks”. Well, something just broke… SVB’s collapse – the second biggest US bank failure in history – dominated any reaction to this morning’s mixed bag from the BLS (hotter than expected earnings growth, rising unemployment (especially […]

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“A Big Wake Up Call”: Chinese Bond Market Roiled By First Ever Bank Failure

“A Big Wake Up Call”: Chinese Bond Market Roiled By First Ever Bank Failure Late last Friday, we reported that several hours after the market close, China’s financial regulator and central bank made a shocking announcement: for the first time in nearly 30 year, China would take control of a bank, in this case the troubled inner […]

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Russian Depositors On Edge After Second Major Bank Fails In Under A Month

Russian Depositors On Edge After Second Major Bank Fails In Under A Month If once is happenstance, twice is coincidence, and three times is a full-blown collapse in the financial system, then Russia may be getting close. Just three weeks after Russia bailed out its largest and very politically connected private bank, Otkritie, after an […]

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Puerto Rico’s 3rd Largest Bank Fails

Puerto Rico’s 3rd Largest Bank Fails Based on Bloomberg data, Doral Bank is the 3rd largest (by assets) bank in Puerto Rico…or rather was. After a 58% collapse in the share price today, news broke after the close: *PUERTO RICO’S DORAL BANK PLACED UNDER FDIC RECEIVERSHIP *PUERTO RICO’S BANCO POPULAR AGREES TO BUY DORAL BANK […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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