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News & Articles By Arsenio Toledo
03/19/2023
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By Arsenio Toledo
Federal Reserve will keep increasing interest rates despite worsening banking crisis
Despite an ongoing banking crisis that has seen at least two major banks shut down and many other banks on the verge of collapse, the Federal Reserve is still expected to increase interest rates. The Fed is likely to raise interest rates by 25 basis points (0.25 percent) on Wednesday, March 22, according to a strong […]
03/17/2023
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By Arsenio Toledo
State legislatures are sneakily introducing amendments to laws that would pave the way for CBDC domination
Legislatures in 23 states and the District of Columbia are currently deliberating bills that would introduce central bank digital currencies (CBDCs) into their jurisdictions. This is due to the appearance of bills introducing the Uniform Commercial Code (UCC). These bills would standardize state laws and regulations for transacting business. Theoretically, the UCC would make it increasingly easier […]
03/16/2023
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By Arsenio Toledo
Saudi Arabia could invest in Iran “very quickly” following China-brokered deal to re-establish diplomatic relations
Saudi Arabia could start pouring investment money into Iran “very quickly” following the reopening of diplomatic relations between the two formerly hostile countries. This is according to the kingdom’s Minister of Finance Mohammed Al-Jadaan, who spoke about investing in Iran during the Financial Sector Conference in Riyadh. He noted that Iran could also make significant […]
03/15/2023
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By Arsenio Toledo
Small and regional banks are being left to fend for themselves while big banks like Silicon Valley Bank are being bailed out
As the federal government scrambles and spends as much American taxpayer dollars as it can to bail out big banks like Silicon Valley Bank and Signature Bank, small and regional banks that have been negatively affected by the fallout of their collapses are being left to fend for themselves. Following the near-overnight bank failures of […]
03/15/2023
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By Arsenio Toledo
PLANNED DEMOLITION? Biden and FDIC BLOCKED efforts by private buyers to take over Silicon Valley Bank before it collapsed
Right before Silicon Valley Bank collapsed and was subsequently nationalized using taxpayer dollars, the Federal Deposit Insurance Corporation (FDIC) prevented efforts by private buyers to purchase the bank. Members of the Wall Street Journal editorial board noted that, despite federal claims that it could not find a buyer for SVB, a source has told them that both the […]
03/14/2023
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By Arsenio Toledo
Bank collapse contagion? Customers line up to take their money out of First Republic Bank
Customers of First Republic Bank in Southern California are lining up outside bank branches, eager to withdraw their funds in the wake of the collapse of Silicon Valley Bank (SVB). SVB’s collapse has raised fears that First Republic could suffer a similar bank run that could lead to its own demise. Analysts have even pointed […]
03/14/2023
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By Arsenio Toledo
CLAIM: Signature Bank shut down and seized by feds to send warning message to crypto industry
Federal regulators on Sunday, March 12, announced that they were intervening to shut down Signature Bank. The bank’s director claims it was seized to send banks a message to stay away from cryptocurrencies. This decision was made two days after Signature Bank customers, spooked by the overnight collapse of Silicon Valley Bank, withdrew more than […]
03/14/2023
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By Arsenio Toledo
SHUTTING DOWN: General Motors offers buyout to 35k salaried workers in Michigan in an attempt to reach $2B in cost savings
The majority of General Motors’ salaried workers were offered voluntary buyouts as the automotive company struggles to cut $2 billion from its costs. GM has approximately 58,000 salaried employees in the United States, around 60 percent of whom work in Michigan across 25 facilities and offices in the state, including GM’s global headquarters at the […]
03/14/2023
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By Arsenio Toledo
Shareholders file class action suit against Silicon Valley Bank over alleged securities fraud
The recently collapsed Silicon Valley Bank (SVB) is now facing a lawsuit filed by its shareholders, who are alleging that the bank is in violation of federal securities laws. The class action suit of shareholders led by Chandra Vanipenta is directed against SVB Financial Group, the bank’s parent company, and its Chief Executive Officer Greg Becker and […]
03/14/2023
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By Arsenio Toledo
Silicon Valley Bank didn’t have a risk assessment chief for 9 months as it focused on WOKE diversity policies
Silicon Valley Bank operated without a chief risk officer between April 2022 and January 2023 as the company instead chose to focus resources on “woke” diversity initiatives. SVB’s former head of risk, Laura Izurieta, who formerly performed a similar role for bank holding company Capital One, left the bank in April 2022. SVB didn’t hire […]
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