A bank (First Citizens) that has been on a steady decline since October of 2022 buys the assets of a failed bank (Silicon Valley) and the stock price for the purchasing bank goes up $250 (43%). This story gets crazier by the minute.

by BuzzMonkey “It took Mr. Gruenberg’s agency roughly two weeks to find a buyer for parts of the bank, and FDIC agreed to give Raleigh, N.C.-based First Citizens a $16.5 billion discount on $72 billion in loans and a pledge …

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FDIC Alert! FDIC Quarterly Banking Profile for the 3rd quarter: Number and Assets of Banks on the “Problem Bank List”. FDIC Problem Bank List is a confidential list, published by FDIC every quarter, of U.S. banks and thrifts that are on the brink of financial insolvency

by BoatSurfer600 https://www.fdic.gov/analysis/quarterly-banking-profile/qbp/2022sep/chart8.xlsx FDIC Quarterly Banking Profile for the third quarter: Number and Assets of Banks on the “Problem Bank List”. FDIC Problem Bank List is a confidential list, published by FDIC every quarter, of U.S. banks and thrifts that …

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Digital assets can be frozen

South Korean authorities told CNBC on Wednesday that they have asked two cryptocurrency exchanges KuCoin and OKX to freeze more than $60 million worth of bitcoin linked to Do Kwon. Kwon is the founder of Terraform Labs, the company behind …

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DXY breaking out, yields breaking out, causing risk on assets to sell off. Credit Suisse CDS approaching levels last seen during the Great Financial Crisis.

DXY breaking out, yields breaking out, causing risk on assets to sell off. Here it comes. — fejau (@fejau_inc) September 6, 2022 Credit Suisse CDS approaching levels last seen during the Great Financial Crisis. Probably nothing. pic.twitter.com/Rmdvb9oztd — Jonesy (@HedgeyeDJ) …

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