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Regulators around the world are watching and waiting for the next ripple following SVB's collapse

Now, the spotlight has been firmly put on all banks in the US and globally.

Flux team
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2
min read
· Posted on
February 21, 2024

The US Congress has promised to make all SVB customers ‘whole’ - meaning no customers will lose a cent

The FDIC guaranteed that each and every one of 40,000 SVB customers would be fully reimbursed their deposits.

Flux team
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1
min read
· Posted on
February 21, 2024

Yiiikkkes: The US has seen its largest banking failure since 2008 with the collapse of Silicon Valley Bank

Startups were withdrawing cash as companies burnt through money... so SVB had to liquidate $21 billion of their mortgage-backed securities.

Flux team
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1
min read
· Posted on
February 21, 2024

US' largest banking failure, SVB customers' guaranteed deposits, Regulators watching for next ripple

Become a finance person in 5 minutes a day with the latest business news

Flux team
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4
min read
· Posted on
February 21, 2024

Myer becomes the Rocky Balboa of the retail world, except with a 'customer first' approach instead of boxing gloves

Myer has maintained its goal of hitting the billion-dollar mark for annual digital sales.

Flux team
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2
min read
· Posted on
February 21, 2024

Gamma wants to become the music industry's new MVP, taking on record labels and streaming services with Snoop

Gamma plans to take on record labels and streaming services by joining forces with major artists and brands.

Flux team
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1
min read
· Posted on
February 21, 2024