BANKING COLLAPSE: Another Financial Firm Files For BANKRUPTCY

Quick Summary

Ray Dalio recently issued this stark warning on the Silicon Valley Bank collapse, likening the meltdown to a "canary in the coal mine.” In other words, the initial collapses of Silicon Valley Bank and Signature Bank were simply the first dominos to fall and the worst likely hasn’t happened yet.

SVB Financial Group has become the latest to go under due to credit contraction and the lack of easy money—will the next one be Credit Suisse?

Ray Dalio recently issued this stark warning on the Silicon Valley Bank collapse, likening the meltdown to a “canary in the coal mine.

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News Analysis

Author / Journalist: A.M. Smith

Category: Nation Politics

Topics: Valley Bank Financial Group First Bankruptcy Login Silicon Company Social Account

Source Website Secure: Yes (HTTPS)

Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

News Source URL: en-volve.com

Readership Location: United States

Published Date: 2023-03-18, 18:07:07

News Timezone: GMT +8:00

Language: English

Original Article Length: 507 words

Reading Duration: 3 minutes read

Compatibility: Desktop Web, Mobile Web, iOS App, Android App

News ID: 1012112

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About Publisher

Name: enVolve

Main Topics: NationPolitics

Official Website: en-volve.com

Last Update: 8h ago

Headquarters: United States

Coverage Areas: United States

Publication Owner: Independent Company

Publication Timezone: GMT +8:00

Languages Covered: English

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Publisher ID: #167

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