fromIrish Independent1 month agoGovernment sale of final AIB stake crystallises 2bn loss on crash-era bailoutTaxpayers won't fully recoup the costs associated with saving major banks during the crisis despite some profit from stake sales.
fromIrish Independent1 month agoGovernment sale of final AIB stake crystalizes 2bn loss on crash-era bailoutThe Department of Finance stated that, from an overall basis, taxpayers are approximately €0.6bn above break-even on their €29.4bn investment in AIB.UK politics
CryptocurrencyfromSlate Magazine2 months agoI Warned the Senate About a Crypto Crash. Now It's Coming.Deregulation and risk in crypto markets may precipitate a larger banking crisis similar to the subprime fiasco.Recent bank failures underscore ongoing vulnerabilities in the financial system amid crypto risks.
fromTruthout3 months agoEven for Those With the Money to Pay for Essentials, Cash Is Drying Up in GazaThe conflict in Gaza has created a severe financial crisis, immobilizing the banking system and forcing people to resort to costly cash brokers.
US politicsfromwww.npr.org5 months agoThe FDIC's goal is to prevent another banking crisis. It's now also a Trump targetTrump's cuts to the FDIC threaten banking stability and consumer protection.