“Banks and CUs Shutting Down?” by Danlboon – 10.30.23

Entry Submitted by Danlboon at 2:17 PM ET on October 30, 2023 Since many Banks and Credit Unions may not be Basil 3 compliant and we are not yet notified when they will be shut down, or if they will be, then will the US Treasury seize them all and then they be US Treasury banks? Reports of banks and credit unions laying off employees is coming out in masses as they must be shutting down, but only for that company. How will this all work out, as will they be independent banks or will they just be a median…