could go a long way to resolving some of the problems tied with the money that startups can’t get to right now.At the moment, no, and experts don’t expect there to be any issues spreading to the broader banking sector.was large but had a unique existence by servicing nearly exclusively the technology world and VC-backed companies. It did a lot of work with the particular part of the economy that was hit hard in the past year.
Other banks are far more diversified across multiple industries, customer bases and geographies. The most recent round of “stress tests” by theof the largest banks and financial institutions showed that all of them would survive a deep recession and a significant drop in unemployment. However there might be economic ripple effects in the Bay Area and in the technology start up world if the remaining money can’t be released quickly.
Where and how do companies like Google store billions in money they make. Do they split it, is it centrallized as a digital number on a single bank spread sheet, do they buy gold and have their own vault? How is that wealth protected do they buy crypto?
Woke bank goes under FTX, woke crypto goes under Hmmm
Don’t freak people it’s all just a part of the plan to implement CBDC.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »