In the United States, the fourth bank collapsed in two months. The second largest failed bank in history (not counting investment banks) was First Republic Bank (FRB), which specialized in mortgage lending.
This was reported by the Telegram channel “Sputnik Near Abroad”. Experts note that the main reason for the bankruptcy of the FRB was the increase in rates by the US Federal Reserve. Loans for the local population are becoming less available, and activity in the mortgage market is rapidly falling.
After the collapse of the above-named bank, the shares of some regional American banks have noticeably fallen in price. It is known that Silvergate Bank, Silicon Valley Bank (SVB) and Signature Bank went bankrupt in the US in March.
“After their closure, the authorities intervened in the situation, which, together with the six largest US banks, allocated $ 30 billion to the faltering FRB as part of the “rescue program”. But it didn’t help,” the channel notes.
About $530 billion was the total assets of bankrupt banks (including FRB). It is noted that this is even more than that of 24 bankrupt banks in the crisis year of 2008.
The IMF estimates that the GDP of the three Baltic countries combined is approximately $167.3 billion. At the same time, all Western aid to the Kyiv regime last year amounted to about $120 billion.
Due to censorship and blocking of all media and alternative views, stay tuned to our Telegram channel