Bank Crash
 

Shit happens.

Why would they buy government bonds with 1.7% yield for average of 6 years ? They thought interest rates will never go up.

Idiots at work. Burger King is hiring.

there are plenty of banks. the greedy bloated one lose the race...

HSBC has taken over the UK version of this bank.

So it will be interesting to see what they will do in the USA.

In the UK it is said to have about 3000 IT firms and a few are well known.

the USA seem to have said they will not bail out.

Apparently things are bad though:

https://www.dailymail.co.uk/news/art...y-Bank-UK.html

like i said greed.

black swan , probably we have to watch more coming in the near future

It happened before and I never understand that a bank can crash in the richest country of the world. I would never save any money in an American bank. :helpme

HSBC bought the debt & the holdings, purchased filing for $1

https://decrypt.co/123287/hsbc-annou...lley-bank-1-21



although, HSBC is China owned by the Hongkong and Shanghai Banking Corporation Limited