Deutsche Bank loses deposits
Deutsche Bank’s deposits in Q1 2023 were down 5% to €592 billion. Most happened before banking turmoil in March, driven by depositors seeking higher rates. Deutsche Bank now offers a…
Biggest retail bank failures since 2007/2008 financial crisis:
– HBOS (United Kingdom): September 17, 2008 — £690 billion (~$866 billion) – Washington Mutual (United States): September 19, 2008 — $307 billion – First Republic Bank (United States): May…
First Republic becomes second-largest bankrupt in US history
First Republic Bank in a little over a month ousted Silicon Valley to become the second-largest bank failure in US history. Among the biggest US bank failures this century, three…
Indian Banker Describes Dollar As ‘Financial Terrorist’
The US dollar has too much power as a reserve currency, and the world desperately needs an alternative, billionaire investor and CEO of Kotak Mahindra Bank, Uday Kotak, said. Speaking…