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www.fool.com | ||
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www.struggle-la-lucha.org
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| | | | | The United States hopes to stave off a general collapse of the currency system, which would 'lead to an economic crisis worse than the bank runs of 1931?33.' As | |
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observer.com
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| | | | | Silicon Valley Bank, a commercial bank mainly holding deposits for venture capital-backed startups, was taken over by the federal government today (March 10) after a bank run drained its cash reserve and a last-minute effort to raise capital failed. | |
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www.eliza-ng.me
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| | | | | The recent news of the demise of Silicon Valley Bank (SVB) has sparked debate over the role of government in protecting depositors and ensuring that banks do not become a burden on taxpayers. SVB's failure was caused by its heavy investment in long-term bonds, whose value dropped when interest rates rose. This left the bank unable to meet its obligations to depositors, who would have lost their money had the government not stepped in with emergency funds. | |
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www.aiib.org
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| | | A brief introduction of AIIB's Strategy on Mobilizing Private Capital for Infrastructure. | ||
