Former Treasury Secretary Steve Mnuchin leads $1 billion rescue attempt to save NYCB from becoming the next SVB

Former Treasury Secretary Steve Mnuchin leads $1 billion rescue attempt to save NYCB from becoming the next SVB

Former Treasury Secretary Steve Mnuchin Leads $1 Billion Deal to Rescue NYCB Regulators Support Injection of New Capital Former Treasury Secretary Steve Mnuchin is making a big bet that regulators don’t want NYCB to become the next SVB. He and an investor group completed their $1 billion deal to inject new capital into troubled lender … Read more

Deposits and certificates .. Do banks revalue interest after decisions?

17:32 Friday 23 September 2022 – I wrote – Manal Al-Masry: The bankers, with whom Masrawy spoke, expected that banks would seek to create innovative and non-traditional savings vessels that are not subject to required reserves, such as savings certificates for 3 years or more, in the coming period, in order to strengthen competition between … Read more

Afghanistan’s Banking System Threatens to Collapse

Jakarta, CNN Indonesia — Government Afghanistan below Taliban faced with an inevitable economic threat: the collapse of the banking system. The reason is, it has been almost two weeks that banks in Afghanistan have remained closed so that people have no access to cash since the Taliban took power. “No one has money,” an Afghan … Read more