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US Banks’ Unrealized Losses Explode by $118,400,000,000 in Three Months As FDIC Declares 66 Banks on ‘Problem List’

March 1, 2025 The Daily Hodl

bank

The amount of unrealized losses on American banks’ balance sheets is surging. In its new Quarterly Banking Profile for the fourth quarter of 2024, the Federal Deposit Insurance Corporation (FDIC) says US banks reported a massive $118.4 billion increase in unrealized losses on securities, bringing the total to $482.4 billion. The FDIC says spikes in […]

The post US Banks’ Unrealized Losses Explode by $118,400,000,000 in Three Months As FDIC Declares 66 Banks on ‘Problem List’ appeared first on The Daily Hodl.

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Bitcoin price falls toward range lows, but data shows ‘whales going wild right now’

Bank Abruptly Shut Down by US Authorities in First Bank Failure of 2025

January 25, 2025 The Daily Hodl

bank

US regulators have abruptly shut down a bank in Illinois in the first bank failure of 2025. The Federal Deposit Insurance Corporation (FDIC) says the Illinois Department of Financial and Professional Regulation (IDFPR) has closed Pulaski Savings Bank. The FDIC has been appointed as the receiver and has transferred all deposit accounts and most of […]

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Bitcoin price falls toward range lows, but data shows ‘whales going wild right now’

Bank Abruptly Shut Down by US Regulators in Second Bank Failure of 2024

October 20, 2024 The Daily Hodl

bank

Financial regulators just shut down a bank in Oklahoma, marking the second US bank failure of 2024. The First National Bank of Lindsay has been shuttered by the Office of the Comptroller of the Currency. The agency says it took action after identifying false and deceptive bank records and other information that suggests fraud depleted […]

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Bitcoin price falls toward range lows, but data shows ‘whales going wild right now’

Peter Schiff: Phony Economy Must Die or US Risks Financial Ruin

October 6, 2024 Bitcoin.com

bitcoin.com

Economist Peter Schiff has warned that restoring a real economy requires letting the “phony economy” collapse, which would result in significant financial losses for many. However, he emphasized that the alternative is worse, as it would lead to the devaluation of money itself. Schiff criticized the government and Federal Reserve policies, particularly following the 2008 […]

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Bitcoin price falls toward range lows, but data shows ‘whales going wild right now’

Why Stablecoins Fail: Lessons From the Past

September 29, 2024 Bitcoin.com

Algorithmic

Stablecoins, the cryptocurrencies pegged to fiat currencies like the U.S. dollar to keep their value steady, can still face failures. Several well-known examples demonstrate that maintaining stability is more challenging than it appears. So, how does something designed to be ‘stable’ unravel? A Historical Review of Stablecoin De-Pegging Incidents There’s no doubt that these stablecoins […]

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Bitcoin price falls toward range lows, but data shows ‘whales going wild right now’

$512,900,000,000 in Unrealized Losses Hit US Banks As Number of ‘Problem Banks’ Rises To 66: FDIC

September 14, 2024 The Daily Hodl

bank

The number of US banks with major issues is on the rise, according to the Federal Deposit Insurance Corporation (FDIC). The agency’s Second Quarter 2024 Quarterly Banking Profile shows the number of lenders on its “Problem Bank List” rose quarter-on-quarter from 63 to 66. It’s the fifth consecutive quarterly increase of banks rated 4 or […]

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Bitcoin price falls toward range lows, but data shows ‘whales going wild right now’

US Banking Regulator Calls for Stronger Oversight of Crypto Risks

September 5, 2024 Bitcoin.com

bank

Acting Comptroller Michael Hsu has emphasized the importance of proactive oversight in managing crypto risks. He cited the 2022 crypto market collapse, with a $2 trillion loss, where effective supervision kept banks stable. Hsu emphasized the need for vigilant supervision as digital assets and fintech increasingly integrate with traditional banking, presenting new challenges and risks. […]

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Bitcoin price falls toward range lows, but data shows ‘whales going wild right now’

Peter Schiff Warns Against Owning Bitcoin ETFs, Cites ‘Not Your Keys, Not Your Coins’

August 6, 2024 Bitcoin.com

Bitcoin

Economist and gold advocate Peter Schiff argues that bitcoin exchange-traded funds (ETFs) contradict the core principles of the cryptocurrency by undermining decentralization and peer-to-peer transactions. He criticizes recent buyers of bitcoin for focusing solely on profit, suggesting this behavior indicates an impending collapse. Schiff also slammed Senator Cynthia Lummis’ bill proposing a U.S. bitcoin reserve, […]

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Bitcoin price falls toward range lows, but data shows ‘whales going wild right now’

40 Banks Shut Down in Sudden ‘Vanishing Act’ – Absorbed Into Larger Lenders As Economy Teeters in China: Report

July 12, 2024 The Daily Hodl

bank

Banks are collapsing at an unprecedented rate in China due to a major downturn in the country’s property market, poor risk controls and other issues. In the week ending on June 24th, 40 smaller banks were sucked up by larger institutions, a vanishing act incomparable even to the savings and loan crisis of the 1980’s […]

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Bitcoin price falls toward range lows, but data shows ‘whales going wild right now’

$10,000,000,000 Bank Shut Down by US Regulators in First Bank Failure of 2024

April 26, 2024 The Daily Hodl

bank

US regulators just announced the first bank failure of 2024. The FDIC says it has stepped in to protect $6 billion in assets and $4 billion in customer deposits at Philadelphia-based Republic Bank. The assets will be immediately handed over to Fulton Bank, a former rival that’s also located in Philadelphia. “Republic Bank’s 32 branches […]

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Bitcoin price falls toward range lows, but data shows ‘whales going wild right now’