Tag Archives: Bank Run

Was There A Run On The Bank? JPM Caps Some ATM Withdrawals

Posted on April 4, 2016 by DRenegade

Under the auspices of “protecting clients from criminal activity,” JPMorgan Chase has decided to impose capital controls on . As WSJ reports, following the bank’s ATM modification to enable $100-bills to be dispensed with no limit, some customers started pulling … Continue reading →

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THE US DOLLAR: A RUN ON THE BANK

Posted on October 22, 2013 by DRenegade

In a bank run, what people are panicked about isn’t quite that they may lose their money. At the core of it all, what they are really terrified of is that they might lose the value they have stored in the … Continue reading →

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Unsecured Depositors Of The World, Unite… And Get The Hell Out Of These Countries

Posted on March 23, 2013 by DRenegade

Based on the most recent data, JPMorgan notes that the share of large or uninsured deposits is likely to be close to half of total deposits in the European Union. With deposits already flowing out of some of the peripheral … Continue reading →

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Coming to a Bank Near You

Posted on March 21, 2013 by DRenegade

What would you do if the banks are closed for a bank holiday, the ability to withdraw money is limited and credit cards are not accepted. Ask the people in Cyprus. David DeGerolamo Pictures From A Cyprus ATM Line For … Continue reading →

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BANK RUN IN PROGRESS? MASSIVE $114B WITHDRAWN FROM 25 LARGEST US BANKS FIRST WEEK OF JANUARY!

Posted on January 29, 2013 by DRenegade

SD contributor AGXIIK warned readers months ago about the FDIC’s expanded deposit insurance which was set to expire Dec 31st, predicting that the expiring expanded deposit insurance enacted in the wake of the 2008 financial panic could trigger a bank run.  … Continue reading →

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US BANK RUN IMMINENT AS FDIC EXPANDED DEPOSIT INSURANCE ENDS DEC 31ST

Posted on December 20, 2012 by DRenegade

With the media fixated on the fiscal cliff, no one seems to be noticing the fact that the FDIC’s expanded 100% coverage for insured deposits ends January 1st, 2013. As of January 2013 the FDIC stops offering 100% coverage for all … Continue reading →

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US BANK RUN IMMINENT AS FDIC EXPANDED DEPOSIT INSURANCE ENDS DEC 31ST

Posted on November 14, 2012 by DRenegade

Submitted by SD Contributor AGXIIK: With the media fixated on the fiscal cliff, no one seems to be noticing the fact that the FDIC’s expanded 100% coverage for insured deposits ends January 1st, 2013. As of January 2013 the FDIC stops offering … Continue reading →

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This Can Happen in the United States

Posted on October 26, 2012 by DRenegade

People believe that their savings/investments are safe in the United States. They are not. After MF Global, PFG Best and Sentinel Group examples, our property is not safe. If you have money in an account that is guaranteed by the FDIC, … Continue reading →

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US BANK RUN IMMINENT AS FDIC EXPANDED DEPOSIT INSURANCE ENDS DEC 31ST

Posted on September 26, 2012 by DRenegade

As of January 2013 the FDIC stops offering 100% coverage for all insured deposits.  That amounts to $1.6 trillion in deposits, 85-90% deposited with the TBTF mega banks.  Once the insurance ramps back to $250,000 the FDIC risk amelioration offered … Continue reading →

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Spain: For Whom The Bell Now Tolls

Posted on September 2, 2012 by DRenegade

For the first seven months of the year the outflow adds up to $368.80 billion or 17.7% of the total bank deposits of Spain and the trajectory of the outflow is increasing dramatically. Reality is reality and Spain is experiencing … Continue reading →

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Nigeria’s AMCON asks Citi to advise on bank sell-off

Posted on August 7, 2012 by DRenegade

By Chijioke Ohuocha LAGOS, Aug 7 (Reuters) – Nigeria’s state-backed “bad bank” AMCON has appointed Citi and Renaissance Capital to determine the value of three lenders it nationalised last year before deciding on the best way to privatise them. AMCON … Continue reading →

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20 Reasons Why America’s Next Bank Holiday Will Be a Nightmare

Posted on June 17, 2012 by DRenegade

The world is on now on the brink of a global credit crisis that could be far worse than the tumultuous events of 2008. The ongoing sovereign debt crisis in the southern reaches of the Eurozone indicate that bank runs in … Continue reading →

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Greece Is Leaving the Eurozone – Follow the Bank Run

Posted on June 13, 2012 by DRenegade

Greece is leaving the Eurozone. Follow the logic: Greece leaves the Eurozone, defaults on all debt and issues a new Drachma after The newly elected Syriza government tells Germany they will not accept any conditions on their sovereignty after The … Continue reading →

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Nationalized Spanish Bank Plummets On News Of Bank Run

Posted on May 17, 2012 by DRenegade

Bankia hit by report of withdrawals Shares in Bankia, the Spanish bank that was part-nationalised last week, plunged by more than a quarter on Thursday morning, after a report that customers had withdrawn €1bn from the bank over the past week. The … Continue reading →

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Goldman Sachs Fears Massive European Bank Run

Posted on February 1, 2012 by DRenegade

“It’s only after we’ve lost everything that we’re free to do anything.” ― Chuck Palahniuk, Fight Club Goldman Sachs is concerned about a massive bank run across Europe, and is taking on very little risk as a result, according to a … Continue reading →

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