Is Your Bank Safe? There Will Be No More Bank 'Bailouts'

First published at 01:40 UTC on June 14th, 2022.

In the US, the five largest banks have a capital ratio as a percentage of assets of only 6%. In effect, if every depositor in a bank demands their money back simultaneously - the classic "bank run" - the largest US banks could repay only s…

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CategoryNews & Politics
SensitivityNormal - Content that is suitable for ages 16 and over
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