WORSE RESULTS! 185 More BANKS could GO UNDER. FUNDS are being WITHDRAWN From the US.丨AsianQuicktake

On May 1st, the California Department of Financial Protection and Innovation (DFPI) designated the Federal Deposit Insurance Corporation (FDIC) to take over First Republic Bank and agreed to sell its assets to JPMorgan Chase. This marks the third major bank failure in the US following the collapses of Silicon Valley Bank on March 10th and Signature Bank on March 12th. The collapse of First Republic Bank has reignited the flames of the US banking crisis. Just two weeks ago, many analysts predicted that 186 banks across the country would collapse and become the next Silicon Valley Bank. This means that even after the collapse of First Republic Bank, there may still be 185 more banks that could go under and become the next First Republic Bank. The collapse of First Republic Bank exposes the rhetoric of US Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell that the US banking crisis would not spread significantly after releasing emergency liquidity into the US banking system. Data shows that First Republic Bank lost over $100 billion in deposits in the first quarter of this year. On April 19th, commercial bank deposits in the US fell sharply by $174 billion, the lowest level since April 2021. Investors have lost confidence and trust in the US Treasury Department and the Federal Reserve, and have withdrawn cash from US banks to protect against the risk of bank failure. The Swiss Financial Market Supervisory Authority (FINMA) unilaterally announced a write-down of about $17.3 billion in Credit Suisse’s Additional Tier 1 (AT1) capital bonds, resulting in overnight losses for investors and serious damage to the credibility of the US and European banking industries, creating a vicious cycle. 💯TOP 3 Video Swiss Sells $36.4 billion U.S. Treasuries ▶ Africa Rejects US’ Blank Check ▶ China to Accelerate Dumping of Up to $800bn U.S. Debt ▶ ━━━━━━━━━━━━━━━━━━━━━ ✅ COPYRIGHT DISCLAIMER Asian Quicktake Doesn’t Fully Own Some of the Materials Compiled in Its Videos. It Belongs to People or Organizations Who Ought to Be Respected. If Used, It Falls Under the Following Provisions: Copyright Disclaimer Section 107 of the Copyright Act 1976. “Fair Use“ is Allowed for Purposes Such As Criticism, Comment, News Reporting, Teaching, Scholarships, and Research. ━━━━━━━━━━━━━━━━━━━━━ ✅ If You Are the Owner of the Materials Used in This Video, Let us Know in the Comments or Send a Email to me. We Will Follow Your Request Immediately. ━━━━━━━━━━━━━━━━━━━━━ ✅ FINANCIAL DISCLAIMER This Channel’s Content Should Not Be Interpreted or Construed As Financial Advice. We Are Not, and Do Not Claim to Be, an Attorney, Accountant, or Financial Advisor. This Channel’s Content is Not a Substitute for Financial Advice and is Solely for Entertainment Purposes.