Mercury's #CEO sends an #SOS to #regulators for a Hail Mary reversal on their #OnlyFans gamble, but surprise! 💥 The bank holding company is as solvent as a paper boat in a hurricane. 🌪️ Meanwhile, Jason mourns his lack of holiday while writing this thrilling exposé—RIP his day off. 🪦
https://fintechbusinessweekly.substack.com/p/mercurys-high-risk-high-rewards-strategy #Mercury #HailMary #bankcrisis #JasonMourns #HackerNews #ngated
Mercury's High Risk, High Rewards Strategy Runs Into Regulatory Reality

Mercury CEO Personally Sought Exception for OnlyFans; Evolve's Bank Holding Company Appears To Be Insolvent

Fintech Business Weekly

The #EESCPlenary has adopted @EESC_ECO opinion on the "Review of the Bank crisis management and deposit insurance framework" by @LefevreChristop and @GiuseppeGuerin1
Read more at https://europa.eu/!p8TPvk
#BankCrisis https://t.co/7QLx2LSzYn

🐦🔗: https://n.respublicae.eu/WorkersEESC/status/1679419620116119552

Review of the Bank crisis management and deposit insurance framework

The EESC opinion, that covers the Commission proposal and the request from the Spanish Presidency of the Council, endorses the reform. However, it notes the need to strike a balance between flexibility and predictability in its implementation, as well as a balanced and proportional public interest assessment to avoid damaging the interest of smaller and local entities.

European Economic and Social Committee
The Plan To Devalue U.S. Dollar by 40% | Turbulent Times Ahead

YouTube

@Atticus1956

...In 1933, the #US suffered the following:

"Suspension of federal payments in #gold amid a bank crisis and international run on gold reserves"

Source:
https://en.wikipedia.org/wiki/List_of_sovereign_debt_crises?wprov=sfla1

#BankCrisis

List of sovereign debt crises - Wikipedia

RT @EC_AVService: 🗣️ Press conference by Executive Vice-President @VDombrovskis and Commissioner @McGuinnessEU on the reform of the #BankCrisis management and deposit insurance (#CMDI) framework 🏦

🔴 LIVE ⏰ 16:30 CET

📺 https://audiovisual.ec.europa.eu/en/ebs/live/1

🐦🔗: https://n.respublicae.eu/McGuinnessEU/status/1648330270783700995

Audiovisual Service

RT @EC_AVService: 🗣️ Press conference by Executive Vice-President @VDombrovskis and Commissioner @McGuinnessEU on the reform of the #BankCrisis management and deposit insurance (#CMDI) framework 🏦

🔴 LIVE ⏰ 16:30 CET

📺 https://audiovisual.ec.europa.eu/en/ebs/live/1

🐦🔗: https://n.respublicae.eu/EU_Finance/status/1648336220580085760

Audiovisual Service

💸Artist: #GOIN / #GoinArt in City: #Geneva Credit Suisse HQ, Pl. Bel-Air, Switzerland🇨🇭 - Title: "Game Over, Insert Coins."- #Streetart #Art #Mastoart #UBS #Mural #Genf #Bank #Gameover #Bankcrash #Bankcrisis #creditsuisse
Gemeinsam mit ChatGPT schreiben wir über Sahra Wagenknecht und die Bankenkrise +++ Eine Premiere beim Wahlberliner (Info + Kommentar) | Briefing 164 | Parteien, Personen, Politik | Wirtschaft

DER WAHLBERLINER
Deutsche Bank stock falls amid "dragnet on global banks"

Deutsche Bank finds itself center stage in the global banking drama.

Axios
The combined weighting of #Apple and #Microsoft in the #S&P500 has grown to about 13.3%.That's the most that two #stocks have dominated the index since 1978, the Wall Street Journal #WSJ said. Shares of the #TechGiants have surged as investor seek safety amid the #BankCrisis https://www.wsj.com/articles/apple-microsoft-dominate-u-s-markets-after-faang-trade-fizzles-d6f10309 #financialmarkets #FinancialStability #WallStreet
Apple, Microsoft Dominate U.S. Markets After FAANG Trade Fizzles

The combined weighting of Apple and Microsoft in the S&P 500 has risen to the highest level on record

The Wall Street Journal