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== Summary == | == Summary == | ||
During May and June of 2025, the DOC comandeered Vanguard National Bank, Discover Bank, Voyager Bank, and The Exchange following a liquidity crisis. The banking sector prior to the seizures was characterised by poor cash management, speculative investing, heavy interdependence of the banking industry, and security fraud. | |||
== Banking Seizures == | == Banking Seizures == | ||
Revision as of 11:29, 26 July 2025
Summary
During May and June of 2025, the DOC comandeered Vanguard National Bank, Discover Bank, Voyager Bank, and The Exchange following a liquidity crisis. The banking sector prior to the seizures was characterised by poor cash management, speculative investing, heavy interdependence of the banking industry, and security fraud.