Bank rug pull approaching: Norinchukin Bank posts $5.8B loss, selling $63B billion of U.S. and European bonds.
🇯🇵 pic.twitter.com/rYhkR7OIlc — Jason 🏴☠️ (@OptimisticXRP) November 20, 2024
norinchukin
Norinchukin Bank plans to liquidate $63 billion in US and European bonds.
Japan’s Norinchukin Bank indeed plans to liquidate $63 billion in US and European treasuries to mitigate unrealized losses. Here are the key points: Liquidation Plan: Norinchukin Bank, a major Japanese bank with $681.6 billion in total assets, intends to sell …
Could be a domino: Japan Banking Giant Norinchukin To Liquidate $63 Billion In Treasuries & European Bonds
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 months – were still fresh, we made a …
Norinchukin Bank’s $7.7bn capital raise could be a crisis in the making.
In a stunning revelation that has sent shockwaves through global financial markets, Norinchukin Bank of Japan is urgently seeking to raise $7.7 billion in fresh capital. This desperate move comes as the bank grapples with undisclosed losses on its overseas …