New bank failure incoming? FDIC held a CLOSED meeting at 3:12 pm yesterday to consider matters related to the Corporation’s supervision, corporate, and resolution activities. A closed meeting like this was held before Heartland Tri-State Bank failed back in July.

Source: https://public-inspection.federalregister.gov/2023-28472.pdf TLDRS: FDIC held a CLOSED meeting yesterday about resolution matters that the public interest did not require consideration of the matters in a meeting open to public observation. I show Heartland Tri-State Bank of Elkhart, Kansas failed after a similar meeting …

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Bank fail Friday incoming? FDIC announces meeting that occurred yesterday to consider, among other things ‘resolution activities’. Last time this happened (7/27), Heartland Bank failed (7/28).

by Dismal-Jellyfish https://public-inspection.federalregister.gov/2023-18988.pdf Previous Instance: FDIC Alert! Sunshine meeting notice for meting that the public interest did not require consideration of & already occurred today at 11:16a.m., & considered supervision, corporate, and RESOLUTION activities, with the paperwork for the meeting that …

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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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Yesterday, Reddit’s CEO Spez Responded To The Blackout Protests With A Secret Internal Memo Telling Staff The Company Will Not Back Down And Plans To “Wait Out” Disaffected Users and Mods. Many Believe A Conspiracy Related To An Expected Reddit Stock IPO Is Driving That Irrational Behavior.

by AssuredlyAThrowAway On May 31, 2023, Reddit announced a policy change that will kill essentially every third-party Reddit app now operating, from Apollo to Reddit is Fun to Narwhal to BaconReader, leaving Reddit’s official mobile app as the only usable option; an app …

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