Janet Yellen almost ruled out minting a trillion-dollar platinum coin to avoid a national debt default, but didn’t really: ‘No good options’
:fortune.com

Countdown started.............

US could default by June 1 unless debt ceiling is raised; Biden looks to meet with Congress

Source : abc news

US could default by June 1 unless debt ceiling is raised; Biden looks to meet with Congress

Source : abc news

US could default by June 1 unless debt ceiling is raised; Biden looks to meet with Congress

Source : abc news

Wall Street ends down as PacWest fuels fears of deeper bank crisis
Source: Reuters

Wall Street ends down as PacWest fuels fears of deeper bank crisis
Source: Reuters

Wall Street ends down as PacWest fuels fears of deeper bank crisis
Source: Reuters

Mirror mirror on the wall, which banks will be the NEXT

Next to collapse?

PacWest Stock Falls 55% in After-Hours Trading

PacWest shares plummet 50% as it explores potential sale
California lender is latest to seek financial lifeline amid worst industry crisis since 2008

PacWest shares plummet 50% as it explores potential sale
California lender is latest to seek financial lifeline amid worst industry crisis since 2008

PacWest shares plummet 50% as it explores potential sale
California lender is latest to seek financial lifeline amid worst industry crisis since 2008

Gold broke higher in the overnight session, racing above US$ 2,000 an ounce with risk sentiment sinking which saw Treasuries go higher on lower yields.

Wall Street finished down after regional banks faced scrutiny by the market despite the embattled First Republic Bank finding a home with JP Morgan at the start of the week. The KBW bank index which includes several leading regional banks, went 4.47% lower on Tuesday.

All the while the unresolved US debt ceiling issue continues to swirl and with these growing concerns for the macroeconomic environment, gold and Treasuries caught a bid.

Gold broke higher in the overnight session, racing above US$ 2,000 an ounce with risk sentiment sinking which saw Treasuries go higher on lower yields.

Wall Street finished down after regional banks faced scrutiny by the market despite the embattled First Republic Bank finding a home with JP Morgan at the start of the week. The KBW bank index which includes several leading regional banks, went 4.47% lower on Tuesday.

All the while the unresolved US debt ceiling issue continues to swirl and with these growing concerns for the macroeconomic environment, gold and Treasuries caught a bid.

4 minute readMay 3, 20234:53 AM GMT+8Last Updated 9 hours ago
Stocks sink; Treasury yields, dollar fall; Fed, debt ceiling in focus

4 minute readMay 3, 20234:53 AM GMT+8Last Updated 9 hours ago
Stocks sink; Treasury yields, dollar fall; Fed, debt ceiling in focus

U.S. regulator seizes First Republic Bank, to sell assets to JP Morgan

First Republic Bank fails, taken over by JPMorgan Chase
BY GEOFFREY ROWLAND, JULIA MUELLER AND SYLVAN

First Republic Bank fails, taken over by JPMorgan Chase
BY GEOFFREY ROWLAND, JULIA MUELLER AND SYLVAN

Time running out for US financial firms to bid for ailing bank First Republic
Deadline of Sunday set for companies such as JPMorgan Chase to table offer for California bank whose shares have plummeted

FDIC sets Sunday deadline for First Republic Bank bids: Report
A source told FOX Business that JPMorgan Chase & Co., PNC Financial Services, and three others are possibly bidding

FDIC sets Sunday deadline for First Republic Bank bids: Report
A source told FOX Business that JPMorgan Chase & Co., PNC Financial Services, and three others are possibly bidding

SAN ANTONIO, Philippines (AFP): US and Philippine troops fired a salvo of rockets at a warship representing an enemy vessel in the disputed South China Sea on Wednesday (April 26), in the final exercise of the allies' largest-ever military drills.

It was the first time the countries had conducted a joint live-fire exercise in the hotly contested waters, which China claims almost entirely.

The Star

SAN ANTONIO, Philippines (AFP): US and Philippine troops fired a salvo of rockets at a warship representing an enemy vessel in the disputed South China Sea on Wednesday (April 26), in the final exercise of the allies' largest-ever military drills.

It was the first time the countries had conducted a joint live-fire exercise in the hotly contested waters, which China claims almost entirely.

The Star

SAN ANTONIO, Philippines (AFP): US and Philippine troops fired a salvo of rockets at a warship representing an enemy vessel in the disputed South China Sea on Wednesday (April 26), in the final exercise of the allies' largest-ever military drills.

It was the first time the countries had conducted a joint live-fire exercise in the hotly contested waters, which China claims almost entirely.

The Star

Eagle borrowed money from Panda. If the Eagle doesn't want to payback the money borrowed from Panda. How? The Eagle will find the excuse such as split the Panda into small small cake, make the panda unrest and find a way to rob the money borrowed with sanctions excuse. The bear already done. Now is the panda.

The Eagle using their accestor tactics which split and rule. Made you all split and easily rule you all. Right dude.

The next scapegoat of the currency weapon is panda nation. emperor Eagle is ready for get their free money.

If the world in peaceful situation, it will not benefit the dollar as safe haven currency. The more uncertainty and disharmony in the world, the more benefit is the dollar.

https://www.nbcnews.com/business/economy/inflation-rate-march-2023-is-it-better-or-worse-economy-rcna79150

https://www.nbcnews.com/business/economy/inflation-rate-march-2023-is-it-better-or-worse-economy-rcna79150

Anwar: Malaysia secures a record RM170 bil worth of investment commitments from China
-A+A
BEIJING (April 1): Malaysia has secured a record RM170 billion worth of investment commitments from China.

The amount, the biggest so far from China, is from a total of 19 memoranda of understanding (MOU) sealed between businesses in China and Malaysia.

Prime Minister Datuk Seri Anwar Ibrahim said this shows investors’ confidence in Malaysia.

Anwar: Malaysia secures a record RM170 bil worth of investment commitments from China
-A+A
BEIJING (April 1): Malaysia has secured a record RM170 billion worth of investment commitments from China.

The amount, the biggest so far from China, is from a total of 19 memoranda of understanding (MOU) sealed between businesses in China and Malaysia.

Prime Minister Datuk Seri Anwar Ibrahim said this shows investors’ confidence in Malaysia.

The info from https://www.theborneopost.com/2023/03/27/miri-ex-mps-suit-against-bank-for-lost-money-goes-to-trial-in-august/

From borneo post

He said in 2014 he had deposited money amounting to 250,000 Singapore Dollars as fixed deposit at UOB Bank Miri.

Upon maturity in 2016, the amount had accumulated to approximately RM800,000 in his bank account.

“However, when I was about to withdraw the money, I was told by the bank officer that all the money in my account had disappeared.

“I was also told that 22,700 Singapore Dollars was taken out of my account without my knowledge and approval,” he said.

Following that, Dr Teo lodged a police report in Miri and copies of the report were sent to the Parliament, Bank Negara Malaysia and the Ministry of Finance.

Teo was accompanied by counsel Sam Laya, who was representing Teo’s lawyer Abun Sui.

He said in 2014 he had deposited money amounting to 250,000 Singapore Dollars as fixed deposit at UOB Bank Miri.

Upon maturity in 2016, the amount had accumulated to approximately RM800,000 in his bank account.

“However, when I was about to withdraw the money, I was told by the bank officer that all the money in my account had disappeared.

“I was also told that 22,700 Singapore Dollars was taken out of my account without my knowledge and approval,” he said.

Following that, Dr Teo lodged a police report in Miri and copies of the report were sent to the Parliament, Bank Negara Malaysia and the Ministry of Finance.

Teo was accompanied by counsel Sam Laya, who was representing Teo’s lawyer Abun Sui.

He said in 2014 he had deposited money amounting to 250,000 Singapore Dollars as fixed deposit at UOB Bank Miri.

Upon maturity in 2016, the amount had accumulated to approximately RM800,000 in his bank account.

“However, when I was about to withdraw the money, I was told by the bank officer that all the money in my account had disappeared.

“I was also told that 22,700 Singapore Dollars was taken out of my account without my knowledge and approval,” he said.

Following that, Dr Teo lodged a police report in Miri and copies of the report were sent to the Parliament, Bank Negara Malaysia and the Ministry of Finance.

Teo was accompanied by counsel Sam Laya, who was representing Teo’s lawyer Abun Sui.

US Dollar Index fades two-day uptrend near 103.00, Fed’s preferred inflation, banking news eyed

US Dollar Index pares recent gains with mild losses amid cautious optimism, downbeat yields.
Fears of US recession, challenges to hawkish Fed concerns probe DXY bulls.
US Core PCE Price Index, risk catalysts are the key for fresh impulse.

There are several key ratios that can be used to assess the safety of a bank. These ratios are used by regulators, investors, and analysts to evaluate the financial health of a bank. Some of the key ratios include:

Capital Adequacy Ratio (CAR): This ratio measures the amount of capital a bank holds as a percentage of its risk-weighted assets. A higher CAR indicates that a bank is better able to absorb losses and is therefore considered safer.

Liquidity Ratio: This ratio measures a bank's ability to meet its short-term obligations. It looks at the amount of liquid assets a bank holds, such as cash and government securities, as a percentage of its total deposits. A higher liquidity ratio indicates that a bank is better able to withstand short-term financial shocks.

Loan-to-Deposit Ratio (LDR): This ratio measures a bank's loans outstanding as a percentage of its deposits. A lower LDR indicates that a bank is lending out less of its deposits, which can be a sign of a more conservative lending strategy.
Non-Performing Loan Ratio (NPL Ratio): This ratio measures the percentage of a bank's loans that are not being repaid by borrowers. A lower NPL ratio indicates that a bank has fewer risky loans and is therefore considered safer.

Net Interest Margin (NIM): This ratio measures a bank's profitability by looking at the difference between the interest it earns on its loans and the interest it pays on its deposits. A higher NIM indicates that a bank is earning more on its assets and is therefore more profitable and potentially safer.

These ratios are just a few of the many metrics used to evaluate the safety of a bank. It's important to consider a variety of factors, including a bank's financial history, management team, and overall business strategy, when assessing its safety.

By Chat GPT

There are several key ratios that can be used to assess the safety of a bank. These ratios are used by regulators, investors, and analysts to evaluate the financial health of a bank. Some of the key ratios include:

Capital Adequacy Ratio (CAR): This ratio measures the amount of capital a bank holds as a percentage of its risk-weighted assets. A higher CAR indicates that a bank is better able to absorb losses and is therefore considered safer.

Liquidity Ratio: This ratio measures a bank's ability to meet its short-term obligations. It looks at the amount of liquid assets a bank holds, such as cash and government securities, as a percentage of its total deposits. A higher liquidity ratio indicates that a bank is better able to withstand short-term financial shocks.

Loan-to-Deposit Ratio (LDR): This ratio measures a bank's loans outstanding as a percentage of its deposits. A lower LDR indicates that a bank is lending out less of its deposits, which can be a sign of a more conservative lending strategy.
Non-Performing Loan Ratio (NPL Ratio): This ratio measures the percentage of a bank's loans that are not being repaid by borrowers. A lower NPL ratio indicates that a bank has fewer risky loans and is therefore considered safer.

Net Interest Margin (NIM): This ratio measures a bank's profitability by looking at the difference between the interest it earns on its loans and the interest it pays on its deposits. A higher NIM indicates that a bank is earning more on its assets and is therefore more profitable and potentially safer.

These ratios are just a few of the many metrics used to evaluate the safety of a bank. It's important to consider a variety of factors, including a bank's financial history, management team, and overall business strategy, when assessing its safety.

By Chat GPT

There are several key ratios that can be used to assess the safety of a bank. These ratios are used by regulators, investors, and analysts to evaluate the financial health of a bank. Some of the key ratios include:

Capital Adequacy Ratio (CAR): This ratio measures the amount of capital a bank holds as a percentage of its risk-weighted assets. A higher CAR indicates that a bank is better able to absorb losses and is therefore considered safer.

Liquidity Ratio: This ratio measures a bank's ability to meet its short-term obligations. It looks at the amount of liquid assets a bank holds, such as cash and government securities, as a percentage of its total deposits. A higher liquidity ratio indicates that a bank is better able to withstand short-term financial shocks.

Loan-to-Deposit Ratio (LDR): This ratio measures a bank's loans outstanding as a percentage of its deposits. A lower LDR indicates that a bank is lending out less of its deposits, which can be a sign of a more conservative lending strategy.
Non-Performing Loan Ratio (NPL Ratio): This ratio measures the percentage of a bank's loans that are not being repaid by borrowers. A lower NPL ratio indicates that a bank has fewer risky loans and is therefore considered safer.

Net Interest Margin (NIM): This ratio measures a bank's profitability by looking at the difference between the interest it earns on its loans and the interest it pays on its deposits. A higher NIM indicates that a bank is earning more on its assets and is therefore more profitable and potentially safer.

These ratios are just a few of the many metrics used to evaluate the safety of a bank. It's important to consider a variety of factors, including a bank's financial history, management team, and overall business strategy, when assessing its safety.

By Chat GPT

NEXT domino effect??

Deutsche Bank, the NEXT !

Germany’s Deutsche Bank tumbles as jittery investors seek safer shores

Germany’s Deutsche Bank tumbles as jittery investors seek safer shores

If Fed and SNB bail out such troublesome bank, they need the central bank foreign reserves to be used. Mean central bank foreign reserves down. Mean??

If Fed and SNB bail out such troublesome bank, they need the central bank foreign reserves to be used. Mean central bank foreign reserves down. Mean??