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!

SVB employees received bonuses hours before bank shutdown and 1.5 times their salary for 45 days

Article Title: SVB employees received bonuses hours before bank shutdown, reports say
Snippet of Article: "The US Federal Deposit Insurance Corporation offered Silicon Valley Bank employees 45 days of employment and 1.5 times their salary, reports say. An FDIC official did not comment on the details to CNN, but said it is standard practice and one of the first steps the independent government agency takes after being named receiver. US workers also received their annual bonuses on Friday, just hours before FDIC took over the collapsed lender, Axios reported. ...Employees, except essential and branch workers, were told to keep working remotely..."

Source: www.wfft.com

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