Here are some rumors I found that I wanted to talk about. Vanguard and Blackrock have declared bankruptcy. A number of major USA banks have also declared bankruptcy. There are 2 types of bankruptcy filings in the US. One is where the bank totally fails and its assets are sold off to creditors. Certain creditors have priority and get money first. The other is a reorganization where the company gets protection from creditors to restructure its debt. Most companies choose the reorg.
Bank failure rumors
Bank failure rumors
Bank failure rumors
Here are some rumors I found that I wanted to talk about. Vanguard and Blackrock have declared bankruptcy. A number of major USA banks have also declared bankruptcy. There are 2 types of bankruptcy filings in the US. One is where the bank totally fails and its assets are sold off to creditors. Certain creditors have priority and get money first. The other is a reorganization where the company gets protection from creditors to restructure its debt. Most companies choose the reorg.