Banking industry faces 'significant downside risks': FDIC chair...
From Greg M
FDIC Chair Martin Gruenberg said Thursday that the US banking industry "continues to face significant downside risks."
The top regulator issued his warning as the FDIC released a comprehensive look at how thousands of institutions fared during the second quarter, one of the most tumultuous periods for banking since the 2008 financial crisis.
Banks on the FDIC's problem list typically have multiple weaknesses identified by regulators in confidential supervisory ratings. They can be seized and shut down unless the issues are resolved quickly.
GM
so in other words get your money out of the bank!
Hey Gregory and thank you for all the information you shares🙏. It’s really eye opening.
Question: I’m living in Norway 🇳🇴 and wounding if you now anything about how much the Norwegian economy is affected by us economic collapse. What can we expect from our government and national and local banks. Norway is a rich country and with really good healthcare. But we can definitely see think’s happens. Price is really high on basic food, gas, electricity and all supplies required to live. Also the media don’t tell us the truth. Here all we hear is that Trump is bad, Biden and Obama are the best, Ukrainian is winning the war and the economy is not that bad.