User:Tortenwashere/sandbox/vanguard - Revision history

Eenza: Eenza moved page User:Torten/sandbox/vanguard to User:Tortenwashere/sandbox/vanguard: Automatically moved page while renaming the user "Torten" to "Tortenwashere"

2025-07-14T02:40:41Z

Eenza moved page User:Torten/sandbox/vanguard to User:Tortenwashere/sandbox/vanguard: Automatically moved page while renaming the user "Torten" to "Tortenwashere"

← Older revision		Revision as of 02:40, 14 July 2025
(No difference)

Tortenwashere at 17:49, 26 June 2025

2025-06-26T17:49:52Z

← Older revision		Revision as of 17:49, 26 June 2025
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	=== Instability ===		=== Instability ===
			On an audit by the Department of Commerce on March 2025, a loss of 14 million of Redmont Dollars had became apparent.

	=== Seizure ===		=== Seizure ===

Tortenwashere at 17:31, 26 June 2025

2025-06-26T17:31:36Z

← Older revision		Revision as of 17:31, 26 June 2025
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	It was revealed thru an audit that the bank had [[wikipedia:Liquidity_crisis\|liquidity issues]] with the primary reason attributed with security vulnerabilities of Vanguard's [[echo securities]] trading platform, [[Vanguard Market Access]].		It was revealed thru an audit that the bank had [[wikipedia:Liquidity_crisis\|liquidity issues]] with the primary reason attributed with security vulnerabilities of Vanguard's [[echo securities]] trading platform, [[Vanguard Market Access]].

	== Seizure ==		== Collapse ==

			=== Instability ===

			=== Seizure ===
	On May 16, 2025 the [[Department of Commerce]] declared a bank holiday preventing banks to perform any deposits, transfers or withdrawal transactions for the next thirty-six hours, the Department initially did not state their reasons for the bank holiday.		On May 16, 2025 the [[Department of Commerce]] declared a bank holiday preventing banks to perform any deposits, transfers or withdrawal transactions for the next thirty-six hours, the Department initially did not state their reasons for the bank holiday.

	Six hours after the initial holiday announcement, the Department announced that they have lifted the bank holiday ahead of schedule and that they have seized Vanguard National Bank after grave concerns about the banks liquidity		Six hours after the initial holiday announcement, the Department announced that they have lifted the bank holiday ahead of schedule and that they have seized Vanguard National Bank after grave concerns about the banks liquidity

	On June 19, 2025, the Department sold more than 20 of Vanguard's assets which consisted of plots, securities, IP and software held by the bank		On June 19, 2025, the Department sold more than 20 of Vanguard's assets which consisted of plots, securities, IP and software held by the bank.

Tortenwashere: sanity check

2025-06-25T19:58:18Z

sanity check

← Older revision		Revision as of 19:58, 25 June 2025
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	On May 16, 2025 the [[Department of Commerce]] declared a bank holiday preventing banks to perform any deposits, transfers or withdrawal transactions for the next thirty-six hours, the Department initially did not state their reasons for the bank holiday.		On May 16, 2025 the [[Department of Commerce]] declared a bank holiday preventing banks to perform any deposits, transfers or withdrawal transactions for the next thirty-six hours, the Department initially did not state their reasons for the bank holiday.

	Six hours after the initial holiday announcement, the Department announced that they have lifted the bank holiday ahead of schedule and that they have seized Vanguard National Bank after grave concerns about the banks liquidity.		Six hours after the initial holiday announcement, the Department announced that they have lifted the bank holiday ahead of schedule and that they have seized Vanguard National Bank after grave concerns about the banks liquidity

			On June 19, 2025, the Department sold more than 20 of Vanguard's assets which consisted of plots, securities, IP and software held by the bank

Tortenwashere: sanity check

2025-06-25T19:39:27Z

sanity check

← Older revision		Revision as of 19:39, 25 June 2025
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	On May 16, 2025 the [[Department of Commerce]] declared a bank holiday preventing banks to perform any deposits, transfers or withdrawal transactions for the next thirty-six hours, the Department initially did not state their reasons for the bank holiday.		On May 16, 2025 the [[Department of Commerce]] declared a bank holiday preventing banks to perform any deposits, transfers or withdrawal transactions for the next thirty-six hours, the Department initially did not state their reasons for the bank holiday.

	Six hours after the initial holiday announcement, the Department announced that they have lifted the bank holiday ahead of schedule and that they have seized Vanguard National Bank		Six hours after the initial holiday announcement, the Department announced that they have lifted the bank holiday ahead of schedule and that they have seized Vanguard National Bank after grave concerns about the banks liquidity.

Tortenwashere: saving for sanity

2025-06-25T19:29:22Z

saving for sanity

← Older revision		Revision as of 19:29, 25 June 2025
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	It was revealed thru an audit that the bank had [[wikipedia:Liquidity_crisis\|liquidity issues]] with the primary reason attributed with security vulnerabilities of Vanguard's [[echo securities]] trading platform, [[Vanguard Market Access]].		It was revealed thru an audit that the bank had [[wikipedia:Liquidity_crisis\|liquidity issues]] with the primary reason attributed with security vulnerabilities of Vanguard's [[echo securities]] trading platform, [[Vanguard Market Access]].

			== Seizure ==
			On May 16, 2025 the [[Department of Commerce]] declared a bank holiday preventing banks to perform any deposits, transfers or withdrawal transactions for the next thirty-six hours, the Department initially did not state their reasons for the bank holiday.

			Six hours after the initial holiday announcement, the Department announced that they have lifted the bank holiday ahead of schedule and that they have seized Vanguard National Bank

Tortenwashere: saving for sanity

2025-06-23T13:32:11Z

saving for sanity

New page

{{Infobox
| image = [[File:Vanguard_national_bank_location.png|250px|alt=An image of a branch of Discover bank, with two floors and mostly built with deepslate]]
| caption = A Discover Bank branch at c097 on June 22, 2025
}}

On June 20, 2025, Vanguard and Co. and it's subsidiaries, notably Vanguard National Bank (VNB) failed after liquidity issues arose after an audit by the [[Department of Commerce]]. Before it's eventual closure, Vanguard was one of the largest banks

It was revealed thru an audit that the bank had [[wikipedia:Liquidity_crisis|liquidity issues]] with the primary reason attributed with security vulnerabilities of Vanguard's [[echo securities]] trading platform, [[Vanguard Market Access]].