Banks

Biden: Silicon Valley Bank Investors Will ‘Lose Their Money’

Biden: Silicon Valley Bank Investors Will ‘Lose Their Money’

President Joe Biden has said that investors in the collapsed Silicon Valley Bank will "lose their money" because "that's how capitalism works." In a prepared address, Biden assured the American people that he has confidence that the U.S. banking system is safe. The president outlined his administration’s plan surrounding Silicon…
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Recession Fears Increase, despite Major Banks Beating Earnings Forecasts

Recession Fears Increase, despite Major Banks Beating Earnings Forecasts

Recession fears are beginning to mount in the United States, despite most major American banks beating their earnings forecasts. JPMorgan Chase, Bank of America, Citigroup, and asset management giant BlackRock all reported positive forecasts on Friday. However, the positive news still left many investors disappointed. As higher interest rates boosted…
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How Klaus Schwab’s WEF Is Weaponizing Banking

How Klaus Schwab’s WEF Is Weaponizing Banking

Over the past two years or so, the World Economic Forum's (WEF) influence over governments and institutions of sovereign nations has become increasingly apparent. Founded in 1971 by German economist Klaus Schwab, the WEF has remained fairly under the radar for decades. However, the organization has been quietly expanding its…
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