Independent thinking for complex markets and current events
Citibank, used by 200 million Americans, was hit by a nationwide outage. The bank’s website showed an error message: ‘We’ve encountered an issue and are working to fix the issue.’ No other details have been provided except for customers to return to the website 10 to 15 minutes later. The issues were fixed around 2pm …
JP Morgan, Goldman, Citibank, Bank of America These four have $183.37 Trillion in derivatives, 88.12% of total outstanding (all banks). These are backed by a mere $8.28 Trillion in assets, 4.52% of their derivative positions. Did I mention they are repeat offenders from 2008? pic.twitter.com/fYbNLZZ0Vl — M.B. (@741trey) September 30, 2024 The mass gathering of …
Banks issuing bonds again to raise funds to pay bills today? Writing IOUs intended to fail? At this rate, it looks like every bank will be put at risk to ensure massive systemic risk to maximize the public bailout. Hello 2008 we’re coming back with a vengeance. via YAHOO: The New York-based bank, the operating …