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Social Media Rumors Spark Surge of Bank Runs in China

Confidence in China's $43 trillion banking system is eroding among the nation's more than 1 billion account holders according to a report from Bloomberg, prompting a spate of bank runs in the world's most populous country. The bank runs were...

Goldman Sachs Warns: U.S. Dollar’s Grip on Global Financial Markets Could Be Over

The U.S. dollar is in danger of losing its status as the world's reserve currency, the Goldman Sachs Group, Inc. said Tuesday amid Congressional plans for a second round of stimulus payments to shore up the coronavirus-ravaged United States...

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