FDIC Chair: “In the near term, the FDIC, together with the Federal Reserve & the Office of the Comptroller of the Currency, will issue a notice of proposed rulemaking to seek public comment on changes to the U.S capital framework to consider how best to incorporate the finalization of Basel III.”

by Dismal-Jellyfish Source: https://www.fdic.gov/news/speeches/2023/spjun2223.html TLDRS: After the 2008 financial crisis, banks were found to be undercapitalized and over-leveraged, leading to a complete overhaul of capital requirements through a set of rules known as Basel III. The aim was to ensure banks …

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They want $1 Trillion every year.

via france24: The financial needs of the Global South are colossal. A group of independent experts, specialising in climate finance and working under the auspices of the United Nations, estimated last year that the world needs to allocate $1 trillion a year between …

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Swiss National Bank in its 2023 Financial Stability Report on Credit Suisse: “these observations also raise questions regarding the ability of the Too Big To Fail “TBTF” framework to oblige a systemically important bank to take sufficient corrective action in a timely manner”

by Dismal-Jellyfish https://www.snb.ch/n/mmr/reference/stabrep_2023/source/stabrep_2023.n.pdf These measures need to strengthen banks’ resilience in order to prevent a loss of confidence wherever possible, and ensure a broad range of effective options to stabilise, recover or wind down a systemically important bank in the …

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Corporate media narrative dropped: everything is fine.

The gaslightning from the corporate media never ends… Source without paywall:https://t.co/yqBHDKWchX — Wall Street Mav (@WallStreetMav) June 21, 2023 They finally turned this into a real headline pic.twitter.com/F3Inpew00F — Joe Genius (@BigJoeGenius) June 21, 2023 Free money to …. 🔻 …

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2023’s most crowded trade is about to collapse…

Bulls, I will be the first and last to tell you that the most crowded trade of 2023 is about to implode. pic.twitter.com/yDHZnydSK4 — Mac10 (@SuburbanDrone) June 21, 2023 Markets have become complacent… pic.twitter.com/lORJSiazV5 — Longview Economics (@Lvieweconomics) June 12, …

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The Father of the Father/ Son duo trapped on the Lost Submarine visiting Titanic – linked to Prince Charles, SETI , Food & Energy

Engro Corporation Ltd Is he though? pic.twitter.com/2kVQM88IpA — RobCarson (@Rob__Carson) June 22, 2023 https://www.weforum.org/people/shahzada-dawood Shahzada’s Dawood joined the Board of Engro Corporation in 2003 and currently serves as the Vice-Chairman. He has over two decades of experience in corporate governance …

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Bank of Canada minutes on immediate rate hike: “the economy remained clearly in excess demand and that the rebalancing of supply and demand was likely to take longer than previously expected.” “members felt that enough data had accumulated to convince them that more restrictive policy was needed.”

by Dismal-Jellyfish Source: https://www.bankofcanada.ca/2023/06/summary-governing-council-deliberations-fixed-announcement-date-june-7-2023/ Highlights: “the economy remained clearly in excess demand and that the rebalancing of supply and demand was likely to take longer than previously expected.” “members felt that enough data had accumulated to convince them that more …

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The Fed sees no bubbles

Buying NVIDIA shares today costs you 40 times historical annual revenues. That's 40 years to get your money back, assuming $0 cost, 0% tax and a 100% payout ratio. Good luck! pic.twitter.com/tYUZc3Ito8 — Michal Stupavsky, CFA (@MichalStupavsky) June 20, 2023 …

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Nuland: US supports Ukraine striking targets in Crimea

Nuland: US supports Ukraine striking targets in Crimea https://t.co/tQpaJhBGO8 — Gilda Mundson (@GildaMundson) June 21, 2023 During the last night, in the occupied Crimea, a railway exploded, halting train traffic in the area near Feodosia.#UkraineWarNews #Russia #Budanov #London #Moscow #counteroffensive …

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Karl Denninger: Why We Have NO Data Privacy In The US

via Karl Denninger: This is pretty-simple: The Federal Government, via various agencies, is buying your data which all falls under the “other commercial purposes” statement in the “Terms Of Service” you signed up for with your phone, your social media account and everything else. This …

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Inflation Alert! Bank of England (50 basis points), Norway Central Bank (50 basis points), Swiss National Bank (25 basis points) all raise interest rates to combat inflation. Remember, JPow told Congress yesterday rate hikes needed here but the Fed is not acting while other central banks are.

by Dismal-Jellyfish Norway: https://www.norges-bank.no/en/topics/Monetary-policy/Monetary-policy-meetings/2023/june-2023/ Policy rate raised to 3.75 percent Norges Bank’s Monetary Policy and Financial Stability Committee decided to raise the policy rate by 0.50 percentage point to 3.75 percent. The Committee’s current assessment of the outlook and balance of …

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