Ready for Bank Collapse Season 2.0?
Back in April/May of this year, we had a string of banks suddenly collapse.
After that first wave, the panic eventually subsided, but collapses typically come in the fall and we’ve got a new bank on the warning screen today that looks like it may go under soon.
MetroBank is down 62% in the last month and 27% just today: #MetroBank shares plunged by 27% just today. They are down 62% in the last month as the company urgently tries to raise £600 million. Bank Crisis 2.0 is coming… #ILONSI pic.twitter.com/7nldvrWzy2 — $ILONSI (@ILONSITOKEN) October 6, 2023 Banks struggling with a lack of cash, whatever next #MetroBank #Panic #DontPanic pic.twitter.com/GhWwWBYchq — Spud (@PontWan) October 6, 2023 Whenever they tell you “don’t take your cash out” that’s usually the final nail in the coffin, and you should almost always do the exact opposite of that advice: Important […]
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