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14 views • March 19, 2023

TikTok to be banned in US?; Experts warn of Biden rescue plan; Another bank about to collapse

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For the first time, the Biden administration expressed the possibility of sanctioning Tik Tok. This is what President Trump wanted to do - way back when. Critics argue that the government's rescue plan comes at the expense of the long-term health of capital markets. The largest banks have been the biggest beneficiaries of the recent bank failures, as customers of smaller banks have moved their money to larger banks, out of fear. To curb the spread of panic, 11 large banks joined forces to bail out First Republic Bank, which is on the verge of bankruptcy. And while Credit Suisse was rescued, that doesn't mean its troubles are over.
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