The cautionary tale of inflation in Great Britain americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
and so, deposits for that bank blue, it went from 40 billio to almost 200. the bank made a horrible risky decision and invested a bunc of that money in treasuries an mortgage securities, which a soon as interest rate rose, th value of those asset plummeted. so, they went out, realizing they had a hope, communicate terribly, decided, we re gonna go out and raise some money, and we ll take a loss doing so and what did that do massively spooked the markets, which resulted in what you jus said, their customers taking out over 40 billion dollar overnight. and that s when our one on the bank happens, right? and we re now living in a worl of digital banking where you can pull your money within seconds, where you can shout there s a fire in the movi theater on twitter, and pani bigots panic, and that s how w got here i was gonna say, 42 billion dollars is not like you just withdraw from an at machine, that was a seriou fear that spread among some of these individuals, these depositors th
Arab Financial Services (AFS), a leading digital payment solutions provider and fintech enabler in Middle East and Africa, has collaborated once again with Bahrain’s first cloud-based digital, mobile-only bank, ila, powering the newly launched ila Blue an