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...“We could see a sizeable credit crunch as banks will need to rein in lending due to large deposit flight,” said Kathy Bostjancic, chief economist at Nationwide....
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...It had taken less than 40 hours for a top 20 bank with $209bn in total assets to become the second-largest bank failure in American history after Washington Mutual in 2008....
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...health insurance provider....
...Soon, Leontiev moved on to other enterprises: a travel insurance firm, a tourism company. Zheleznyak, meanwhile, planned to become a criminal defence lawyer....
...So they have all of this cash from these companies. They got this influx of money. Those companies are highly interest-rate sensitive....
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...Travel spending by big US companies was “well over 50 per cent” of pre-pandemic levels in March, the chief financial officer of American Express told the FT last week....
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