Fall in share prices of SVB Fin Gp, a lender to tech start ups, triggered the fall with BofA being the leading loser along with JP Morgan, Wells Fargo & Citigroup with a combined loss exceeding $50B.
After failed attempts of manufactured news to bring down our markets trading close to highs as compared to their fallen ones, leading financial institutions of the colonisers tasting their own medicine.
Fed chairman's continued call for "Higher for longer" interest rates has toned down from earlier expected recession to hard landing to soft landing to no landing to fear of inflation now is duly supporting the cause.
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War against Russia is turning increasingly expensive against their combined expectations apart from threatened dollar monopoly, reduced inflow of black money from the colonies, threatened monopoly of medical industry after the failed engineered pandemic.fiasxo to generate desired returns.
Citigroup, one of the newsmakers post hindenburg jumping to announce rejection of Adani bonds (without actually doing so) to exploit it's down run is shedding approx 1% of its manpower (mainly failed analysts) post announcing India exit few days ago citing difficulty of doing biz, while tgt group didn't layoff any despite 70-80 pc fall instead returned FPO amount later drew immediate investments.
Vocal for local has hit them hard. Reverse colonisation has begun.
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