Showing posts with label Bank Dangers. Show all posts
Showing posts with label Bank Dangers. Show all posts

Sunday, June 23, 2024

Economic Dangers | JPMorgan Chase, Bank of America and Citibank Flagged for Holding Trillions of Dollars in Derivatives Without Proper Contingency Plans: Report

Article Title: JPMorgan Chase, Bank of America and Citibank Flagged for Holding Trillions of Dollars in Derivatives Without Proper Contingency Plans: Report
Snippet of Article: "...US regulators are flagging JPMorgan Chase, Bank of America, Citibank and Goldman Sachs over the banks’ contingency plans for trillions of dollars in derivatives. ...Big banks are required to file living wills due to the Dodd-Frank Act, which passed in the aftermath of 2008. US regulators are giving the big banks until September to address their shortcomings."


Source: dailyhodl.com

[tag] Federal Deposit Insurance Corporation (FDIC), Bank Derivatives, [/tag]

NOTE: We strongly suggest you are under the FDIC deposit insurance coverage amount of $250,000, just in case the Biden Admin pulls ANOTHER sneaky bank bailout and/or a shifting of negative products to one sacrificial bank. We are not offering investment advice!