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…
200 Years Of Global Gold Production, By Country
Although the practice of gold mining has been around for thousands of years, it’s estimated that roughly 86% of all above-ground gold was extracted in the last 200 years.With modern…