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Tag: financial crisis

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Bank

Consumer Debt Surpasses $17 Trillion Despite Decline in Mortgage Demand

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Total consumer debt in the United States reached a record high in the first quarter of 2023, surpassing $17 trillion, even as the demand...
Bank

US Recession Could Bring Relief to Markets, Strategist Suggests

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A potential US recession in the second half of 2023 could actually be "good news" for markets, according to Michael Yoshikami, founder and CEO...
Biz Alert

“Treasury Secretary Yellen Indicates Potential for Bank Mergers Amidst Crisis”

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During a meeting with large bank CEOs on Thursday, Treasury Secretary Janet Yellen suggested that additional bank mergers may be necessary to navigate the...
Politics

Biden and McCarthy Work Toward Agreement to Avoid U.S. Debt Default

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In an effort to prevent a potential economic crisis, Democratic President Joe Biden and Republican leader Kevin McCarthy moved closer to reaching a deal...

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