{"id":80568,"date":"2023-03-13T07:00:18","date_gmt":"2023-03-13T15:00:18","guid":{"rendered":"https:\/\/www.cogwriter.com\/news\/?p=80568"},"modified":"2023-03-13T06:16:11","modified_gmt":"2023-03-13T14:16:11","slug":"signature-bank-closed-and-bundesbank-convenes-crisis-team-to-assess-svb-fallout","status":"publish","type":"post","link":"https:\/\/www.cogwriter.com\/news\/prophecy\/signature-bank-closed-and-bundesbank-convenes-crisis-team-to-assess-svb-fallout\/","title":{"rendered":"Signature Bank closed and &#8216;Bundesbank convenes crisis team to assess SVB fallout&#8217;"},"content":{"rendered":"<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Signature Bank was closed by New York state financial regulators on Sunday <a href=\"https:\/\/t.co\/EJFiXXRurY\">https:\/\/t.co\/EJFiXXRurY<\/a><\/p>\n<p>\u2014 Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1635050137654546434?ref_src=twsrc%5Etfw\">March 12, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<a href=\"\/cogwriter.htm\">COGwriter<\/a><\/p>\n<p>The <em>Associated Press<\/em> reported the following:<\/p>\n<blockquote>\n<h2 class=\"title pg-title\">From Wine Country to London, Bank&#8217;s Failure Shakes Worldwide<\/h2>\n<p>March 13, 2023<\/p>\n<p class=\"Component-root-0-2-439 p Component-p-0-2-429\">U.S. regulators closed the Silicon Valley Bank on Friday after it experienced a traditional bank run, where depositors rushed to withdraw their funds all at once. It is the second largest bank failure in U.S. history, behind only the 2008 failure of Washington Mutual.<\/p>\n<p class=\"Component-root-0-2-439 p Component-p-0-2-429\">In a sign of how fast the financial bleeding was occurring, regulators announced that New York-based Signature Bank had also failed.<\/p>\n<p class=\"Component-root-0-2-439 p Component-p-0-2-429\">The president, speaking from the Roosevelt Room shortly before U.S. markets opened, said he\u2019d seek to hold those responsible and pressed for better oversight and regulation of larger banks. And he promised no losses would be borne by taxpayers.<\/p>\n<p class=\"Component-root-0-2-439 p Component-p-0-2-429\">Governments in the U.S. and Britain were both taking extraordinary steps to prevent a potential banking crisis.<\/p>\n<p class=\"Component-root-0-2-439 p Component-p-0-2-429\">The Bank of England and U.K. Treasury said early Monday that they had facilitated the sale of the Silicon Valley bank\u2019s London-based subsidiary to HSBC, Europe\u2019s biggest bank, ensuring the security of 6.7 billion pounds ($8.1 billion) of deposits. <a href=\"https:\/\/apnews.com\/article\/silicon-valley-bank-uk-bailout-hsbc-sale-4d2da0e9c6f39c0fd8faf321a2b295cf?utm_source=homepage&amp;utm_medium=TopNews&amp;utm_campaign=position_01\">https:\/\/apnews.com\/article\/silicon-valley-bank-uk-bailout-hsbc-sale-4d2da0e9c6f39c0fd8faf321a2b295cf?utm_source=homepage&amp;utm_medium=TopNews&amp;utm_campaign=position_01<\/a><\/p>\n<\/blockquote>\n<p>Notice also:<\/p>\n<blockquote><p>Signature Bank, which had offices in Beverly Hills, El Segundo, Newport Beach and Ontario, was closed Sunday by the New York Department of Financial Services to protect depositors.<\/p>\n<p>The department has appointed the Federal Deposit Insurance Corp. to run the day-to-day operations of the bank. All depositors will be made whole, according to the department.<\/p>\n<p>In a joint statement issued Sunday by Secretary of the Treasury Janet L. Yellen, Federal Reserve Board Chair Jerome H. Powell and FDIC Chairman Martin J. Gruenberg, announcing Yellen&#8217;s approval of actions enabling the FDIC to complete its resolution of Santa Clara-based Silicon Valley Bank, also announced \u201ca similar systemic risk exception for Signature Bank,\u201d 03\/12\/23 <a href=\"https:\/\/www.nbclosangeles.com\/news\/local\/signature-bank-closes-offices-in-socal\/3112797\/\">https:\/\/www.nbclosangeles.com\/news\/local\/signature-bank-closes-offices-in-socal\/3112797\/<\/a><\/p>\n<aside class=\"TheArticleSnapshot_snapshot_1dMDc\">\n<ul>\n<li>SVB\u2019s collapse has led to cash crunch for startups globally<\/li>\n<\/ul>\n<\/aside>\n<div class=\"TheArticle_wrapperCta_36F7M\">\n<div>\n<div>\n<div class=\"QvNnGjy8J7gi ArticleBody_fullArticle_srl3R\">\n<div>\n<p>The fallout from the collapse of\u00a0Silicon Valley Bank\u00a0is beginning to spread around the world.<\/p>\n<p>Startup founders in California\u2019s Bay Area are panickingabout access to money and paying employees. Fears of contagion have reached Canada, India and China. In the UK, SVB\u2019s unit is set to be declared insolvent, has already ceased trading and is no longer taking new customers.\u00a0 03\/11\/23 <a href=\"https:\/\/news.bloomberglaw.com\/bankruptcy-law\/svb-fallout-spreads-around-the-world-as-uk-firms-plea-for-help\">https:\/\/news.bloomberglaw.com\/bankruptcy-law\/svb-fallout-spreads-around-the-world-as-uk-firms-plea-for-help<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/blockquote>\n<p><em>Reuters<\/em> reported:<\/p>\n<blockquote>\n<h2 class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__heading_3__1kDhc heading__base__2T28j heading__heading_3__3aL54 article-header__title__3Y2hh\" data-testid=\"Heading\">Bundesbank convenes crisis team to assess SVB fallout<\/h2>\n<p>March 13, 2023<\/p>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body__element__2p5pI\" data-testid=\"paragraph-0\">FRANKFURT, March 13 (Reuters) &#8211; The Bundesbank convened its crisis team on Monday to assess the possible fallout of the collapse of U.S. lender Silicon Valley Bank on the local market, even as no emergency action was foreseen in Europe.<\/p>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body__element__2p5pI\" data-testid=\"paragraph-1\">U.S. authorities launched emergency measures on Sunday to shore up confidence in the banking system after the failure of Silicon Valley Bank <a class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__large__nEccO link__underline_default__2prE_\" href=\"https:\/\/www.reuters.com\/companies\/SIVB.O\" target=\"_blank\" rel=\"noopener noreferrer\" data-testid=\"Link\">(SIVB.O)<\/a> threatened to trigger a broader financial crisis.<\/p>\n<p>With euro zone banking shares falling sharply early on Monday &#8212; Commerzbank <a class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__large__nEccO link__underline_default__2prE_\" href=\"https:\/\/www.reuters.com\/companies\/CBKG.DE\" target=\"_blank\" rel=\"noopener noreferrer\" data-testid=\"Link\">(CBKG.DE)<\/a> fell as much as 11% while Deutsche Bank <a class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__large__nEccO link__underline_default__2prE_\" href=\"https:\/\/www.reuters.com\/companies\/DBKGn.DE\" target=\"_blank\" rel=\"noopener noreferrer\" data-testid=\"Link\">(DBKGn.DE)<\/a> was down 6.5% &#8212; the German central bank called a meeting of its Financial Crisis Team to assess the ramifications for local lenders and financial markets, a spokesman told Reuters. &#8230;<\/p><\/blockquote>\n<blockquote><p>In the euro zone decisions are made by national supervisors for smaller banks and by the European Central Bank&#8217;s Single Supervisory Board for large ones.\u00a0 &#8230;<\/p><\/blockquote>\n<blockquote><p>Germany&#8217;s financial regulator BaFin, which supervises German banks in cooperation with the Bundesbank, said it was imposing a moratorium on the German branch of SVB in the wake of its demise. <a href=\"https:\/\/www.reuters.com\/business\/finance\/bundesbank-convenes-crisis-team-assess-svb-fallout-2023-03-13\/\">https:\/\/www.reuters.com\/business\/finance\/bundesbank-convenes-crisis-team-assess-svb-fallout-2023-03-13\/<\/a><\/p><\/blockquote>\n<blockquote>\n<h2 class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__heading_3__1kDhc heading__base__2T28j heading__heading_3__3aL54 article-header__title__3Y2hh\" data-testid=\"Heading\">Europe&#8217;s banks sucked into global rout as high rates reality hits home<\/h2>\n<p>European bank shares tumbled on Friday in the wake of a dramatic sell-off in U.S. lenders as concern spread that the sector will be vulnerable to the rising cost of money. &#8230;<\/p>\n<p>The global rout in bank stocks was prompted by <a class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__large__nEccO link__underline_default__2prE_\" href=\"https:\/\/www.reuters.com\/business\/finance\/silicon-valley-bank-sell-stock-cope-with-cash-burn-2023-03-09\/\" data-testid=\"Link\">Silicon Valley Bank<\/a> (SVB), a major banking partner for the U.S. tech sector &#8230;<\/p>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body__element__2p5pI\" data-testid=\"paragraph-3\">&#8220;The market is treating this as a potential contagion risk,&#8221; said Antoine Bouvet, senior rates strategist at ING in London.<\/p>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body__element__2p5pI\" data-testid=\"paragraph-4\">&#8220;It makes sense to me that a remote probability of a U.S. banking system-wide crisis should also come with a small probability of contagion to Europe,&#8221; he said. &#8230;<\/p>\n<p data-testid=\"paragraph-4\">Global borrowing costs have risen at the fastest pace in decades over the last year as the Federal Reserve lifted U.S. rates by 450 basis points from near zero, while the European Central Bank hiked the euro zone&#8217;s by 300 bps. <a href=\"https:\/\/www.reuters.com\/markets\/us-bank-sell-off-sends-ripples-through-europes-lenders-2023-03-10\/\">https:\/\/www.reuters.com\/markets\/us-bank-sell-off-sends-ripples-through-europes-lenders-2023-03-10\/<\/a><\/p>\n<\/blockquote>\n<p>While the US banking system is not yet in full collapse mode and the Europeans feel that they will be okay after the closure of Silicon Valley Bank, there still is the bigger issue of raised interest rates.<\/p>\n<p>It is the raising of interest rates that reportedly led to the demise of Silicon Valley Bank.<\/p>\n<p>The US Federal Reserve is looking to raise rates further:<\/p>\n<blockquote><p>March 7, 2023<\/p>\n<p>Inflation and what the Fed is doing about it have been at the center of Wall Street\u2019s sharp swings this year. After seeming to be on a steady decline since last summer, reports on inflation last month came in surprisingly hot. So did a suite of other data on the economy.<\/p>\n<p>That raised fears that inflation is staying stickier than feared and that the Fed will have to raise rates higher than earlier thought. Higher rates can drag down inflation because they slow the economy, but they hurt prices for stocks and other investments. They also raise the risk of a recession later on.<\/p>\n<p>Its chair, Jerome Powell, on Tuesday confirmed some of those fears and said the recent data mean \u201cthe ultimate level of interest rates is likely to be higher than previously anticipated.\u201d He also said in his testimony to a Senate committee that the Fed is ready to increase the pace of its hikes again if needed. <a href=\"https:\/\/fortune.com\/2023\/03\/07\/wall-street-stocks-fall-jerome-powell-interest-rate-hikes-fed\/\">https:\/\/fortune.com\/2023\/03\/07\/wall-street-stocks-fall-jerome-powell-interest-rate-hikes-fed\/<\/a><\/p><\/blockquote>\n<p>Last Tuesday, the likelihood of additional interest rate hikes was announced, and on Friday, Silicon Valley Bank was gone.<\/p>\n<p>The fact that higher interest rates are to blame is interesting for at least two reasons. The first is that the US Federal Reserve had them artificially low for years&#8211;there is a cost for that. The second is that last Fall, Europe began to blame the USA for causing it economic problems bu raising interest rates. Notice something from last Fall showing that the In Europeans are concerned that the US interest rate policies are messing up its finances:<\/p>\n<blockquote>\n<h2 class=\"ArticleFull_title__MEgbb\">Here Comes The Open Revolt: A Reeling Europe Lashes Out At The Fed For \u201cBringing Us To A World Recession\u201d<\/h2>\n<p>October 11, 2022<\/p>\n<p>As a result of the Fed\u2019s relentless tightening blitz, which on November 2 will have hiked rates by 75bps on four occasions in\u00a0<strong>just 96 trading days, the fastest tightening campaign since Volcker,\u00a0<\/strong>both US capital markets (the S&amp;P 500 is down -24%, for the 4th worst year on record, only 1931, 1974, and 2002 were worse; and 10Y TSYs are down -17% for the worst year on record\u2026 1987 second worse, and bonds were down -10%) and the US economy have been left reeling.<\/p>\n<p>However, the damage in the US \u2013 whose economy is relatively isolated from the knock-on (or is that out) effects of the soaring global reserve currency \u2013 are nothing compared to the devastation unleashed by the Fed in the form of the soaring dollar and exploding interest rates. \u2026<\/p>\n<p>Josep Borrell, the high representative of the 27-member EU bloc,\u00a0<strong>lashed out all too publicly at the Fed when he said that central banks (across Europe where the recession will be far, far worse than in the US) are being forced to follow the Fed\u2019s multiple rate rises to prevent their currencies from slumping against the dollar,\u00a0<\/strong>and compared the US central bank\u2019s influence to Germany\u2019s dominance of European monetary policy before the creation of the euro. \u2026<\/p>\n<p><strong>\u201cEverybody has to follow, because otherwise their currency will be [devalued],\u201d Borrell said to an audience of EU ambassadors,\u00a0<a href=\"https:\/\/www.ft.com\/content\/0619b1e6-6afb-4705-9f4a-133102520d49\">the FT reported<\/a>. \u201cEverybody is running to increase interest rates, this will bring us to a world recession.\u201d <\/strong><a href=\"https:\/\/www.zerohedge.com\/economics\/here-comes-open-revolt-reeling-europe-lashes-out-fed-bringing-us-world-recession\">https:\/\/www.zerohedge.com\/economics\/here-comes-open-revolt-reeling-europe-lashes-out-fed-bringing-us-world-recession<\/a><\/p><\/blockquote>\n<p>Yes, Europe will blame the USA, and not just Russia, for economic crises.<\/p>\n<p>As posted here numeorus times, the late Pastor General of the old Worldwide Church of God, <span class=\"style17\"><a href=\"http:\/\/www.cogwriter.com\/herbertwarmstrong.htm\">Herbert W. Armstrong<\/a><\/span>, had a view about banking matters and European unity. Here is something he said in a sermon on July 7, 1984:<\/p>\n<blockquote><p><strong>And I can see now, the event that is going to trigger the formation of the reunification in Europe<\/strong>; the resurrection of the medieval Holy Roman Empire that we\u2019ve been looking forward to that is prophesied to come\u2026<\/p>\n<p>But I believe that some event is going to happen suddenly just like out a blue sky that is going to shock the whole world and is going to cause the nations in Europe to realize they must unite! \u2026 Well now I think I can see what may be <strong>the very event that is going to trigger\u2026that is the economic situation in the world<\/strong>\u2026<\/p>\n<p>The whole banking structure in the United States is a network all jointed together. But not only that, one nation has to deal with other nations and imports and exports. And so they have to have a means of transforming money from one nation to another. And so the banking structure is international and interwoven\u2026<\/p>\n<p>Now when the financial structure breaks down, all civilization is going to break down\u2026<\/p><\/blockquote>\n<p>So, an economic or banking crisis is what <span class=\"style17\"><a href=\"http:\/\/www.cogwriter.com\/herbertwarmstrong.htm\">Herbert W. Armstrong<\/a><\/span> concluded would drive Europe to unite.<\/p>\n<p>And yes, Europe will unite against the USA as well as its British-descended allies.<\/p>\n<p>The collapse of Silicon Valley Bank and Signature Bank are not good for the USA.<\/p>\n<p>Europe will one day turn against the USA and economic factors will be a major trigger.<\/p>\n<p><em>Some items of possibly related interest may include:<\/em><\/p>\n<p><span class=\"style182\"><a href=\"https:\/\/www.cogwriter.com\/usa-gone-2028.htm\">Might the U.S.A. Be Gone by 2028?<\/a> <span dir=\"auto\">Could the USA be gone by the end of 2028 or earlier? There is a tradition attributed to the Hebrew prophet Elijah that humanity had 6,000 years to live before being replaced by God\u2019s Kingdom. There are scriptures, writings in the Talmud, early Christian teachings that support this. Also, even certain Hindu writings support it.<\/span> Here is a link to a related video: <a id=\"video-title216\" title=\"Is the USA prophesied to be destroyed by 2028?\" href=\"https:\/\/www.youtube.com\/watch?v=JFIRJxZ0Huw\" aria-label=\"Is the USA prophesied to be destroyed by 2028? by BibleNewsProphecy 3 hours ago 34 minutes 64 views\">Is the USA prophesied to be destroyed by 2028?<\/a> In Spanish:<a href=\"https:\/\/youtu.be\/pmJUA8hWUs4\"> Seran los Estados Unidos Destruidos en el 2028?<\/a><a title=\"Is the USA prophesied to be destroyed by 2028?\" href=\"https:\/\/www.youtube.com\/watch?v=JFIRJxZ0Huw\" aria-label=\"Is the USA prophesied to be destroyed by 2028? by BibleNewsProphecy 3 hours ago 34 minutes 64 views\"><br \/>\n<\/a><a href=\"https:\/\/www.cogwriter.com\/ynow.htm\">Physical Preparation Scriptures for Christians<\/a>. We all know the Bible prophecies famines. Should we do something? Here is a version in the Spanish language <a title=\"Permanent Link to Escrituras sobre Preparaci\u00f3n f\u00edsica para los Cristianos\" href=\"https:\/\/www.ccog.org\/escrituras-sobre-preparacion-fisica-para-los-cristianos\/\" rel=\"bookmark\">Escrituras sobre Preparaci\u00f3n f\u00edsica para los Cristianos<\/a>. Here is a link to a related sermon: <a id=\"video-title25\" title=\"Physical preparedness for Christians\" href=\"https:\/\/www.youtube.com\/watch?v=VWtMbPz9TpU\">Physical preparedness for Christians<\/a>.<br \/>\n<a href=\"https:\/\/www.cogwriter.com\/gold-in-prophecy-christian.htm\">The Plain Truth About Gold in Prophecy. How Should a Christian View Gold?<\/a> What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation\/deflation? What do Christians need to know about gold and silver? Two videos of related interest may be: <a dir=\"ltr\" title=\"Germany, Gold, and the US Dollar\" href=\"https:\/\/www.youtube.com\/watch?v=Fjr5g2b4-Gg\" data-sessionlink=\"ei=iZesWKSmJ8qQ-QOLiqCgCw&amp;feature=c4-feed-u&amp;ved=COABEKYeIhMI5I6g2vih0gIVSkh-Ch0LBQi0KJsc\">Germany, Gold, and the US Dollar<\/a> and <a id=\"video-title296\" title=\"Silver, Science, and Scripture\" href=\"https:\/\/www.youtube.com\/watch?v=JVRbucUP_Gg\" aria-label=\"Silver, Science, and Scripture by BibleNewsProphecy 9 hours ago 15 minutes 37 views\">Silver, Science, and Scripture<\/a>.<br \/>\n<a href=\"https:\/\/www.cogwriter.com\/when-will-the-great-tribulation-begin.htm\">When Will the Great Tribulation Begin? 2023, 2024, or 2025?<\/a> Can the Great Tribulation begin today? What happens before the Great Tribulation in the &#8220;beginning of sorrows&#8221;? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: <a href=\"https:\/\/www.cdlidd.es\/puede-la-gran-tribulacion-comenzar-en-el-2020-o-2021-es-el-tiempo-de-los-gentiles\/\" target=\"_blank\" rel=\"noopener noreferrer\">\u00bfPuede la Gran Tribulaci\u00f3n comenzar en el 2020 o 2021? \u00bfEs el Tiempo de los Gentiles?<\/a> A related video is: <a id=\"video-title18\" title=\"Great Tribulation: 2026 or 2027?\" href=\"https:\/\/www.youtube.com\/watch?v=sV5_F8axVOU\" aria-label=\"Great Tribulation: 2026 or 2027? by ContinuingCoG 1 hour, 15 minutes 10 views\">Great Tribulation: 2026 or 2027?<\/a> A shorter video is: <a id=\"video-title250\" title=\"Can the Great Tribulation start in 2022 or 2023?\" href=\"https:\/\/www.youtube.com\/watch?v=r77vMOawdlQ\" aria-label=\"Can the Great Tribulation start in 2022 or 2023? by BibleNewsProphecy 5 hours ago 23 minutes 50 views\">Can the Great Tribulation start in 2022 or 2023?<\/a> Notice also: <a id=\"video-title252\" title=\"Can Jesus return in 2023 or 2024?\" href=\"https:\/\/www.youtube.com\/watch?v=d20hfKzPWCE\" aria-label=\"Can Jesus return in 2023 or 2024? by BibleNewsProphecy 20 minutes ago 14 minutes, 45 seconds 6 views\">Can Jesus return in 2023 or 2024?<\/a> Here is a video in the Spanish language: <a href=\"https:\/\/cogwriter.com\/Es El 2021 el a\u00f1o de La Gran Tribulaci\u00f3n o el Grande Reseteo Financiero\">Es El 2021 el a\u00f1o\u00a0 de La Gran Tribulaci\u00f3n o el Grande Reseteo Financiero<\/a>.<br \/>\n<span class=\"style-scope yt-formatted-string\" dir=\"auto\"><span dir=\"auto\"><a href=\"https:\/\/www.cogwriter.com\/six_thousand_year_plan_6000.htm\">Does God Have a 6,000 Year Plan? What Year Does the 6,000 Years End?<\/a> Was a 6000 year time allowed for humans to rule followed by a literal thousand year reign of Christ on Earth taught by the early Christians? Does God have 7,000 year plan? What year may the six thousand years of human rule end? When will Jesus return? 2029 or or 2031 or 20xx? There is also a video titled <a id=\"video-title10\" title=\"6000 Years: When will God's Kingdom Come?\" href=\"https:\/\/www.youtube.com\/watch?v=4NVvtlrQZXg\" aria-label=\"6000 Years: When will God's Kingdom Come? by ContinuingCoG 1 hour ago 1 hour, 11 minutes 4 views\">6000 Years: When will God&#8217;s Kingdom Come?<\/a> Here is a link to the article in Spanish:<a href=\"http:\/\/www.cdlidd.es\/tiene-dios-un-plan-de-6000-anos\/\"> \u00bfTiene Dios un plan de 6,000 a\u00f1os?<\/a><br \/>\n<a href=\"https:\/\/www.cogwriter.com\/usa-gone-2028.htm\">Might the U.S.A. Be Gone by 2028?<\/a> Could the USA be gone by the end of 2028 or earlier? There is a tradition attributed to the Hebrew prophet Elijah that humanity had 6,000 years to live before being replaced by God\u2019s Kingdom. There are scriptures, writings in the Talmud, early Christian teachings that support this. Also, even certain Hindu writings support it. Here is a link to a related video: <a id=\"video-title216\" title=\"Is the USA prophesied to be destroyed by 2028?\" href=\"https:\/\/www.youtube.com\/watch?v=JFIRJxZ0Huw\" aria-label=\"Is the USA prophesied to be destroyed by 2028? by BibleNewsProphecy 3 hours ago 34 minutes 64 views\">Is the USA prophesied to be destroyed by 2028?<\/a> In Spanish:<a href=\"https:\/\/youtu.be\/pmJUA8hWUs4\"> Seran los Estados Unidos Destruidos en el 2028?<\/a><a title=\"Is the USA prophesied to be destroyed by 2028?\" href=\"https:\/\/www.youtube.com\/watch?v=JFIRJxZ0Huw\" aria-label=\"Is the USA prophesied to be destroyed by 2028? by BibleNewsProphecy 3 hours ago 34 minutes 64 views\"><br \/>\n<\/a><a href=\"https:\/\/cogwriter.com\/britishisrael.htm\">Anglo &#8211; America in Prophecy &amp; the Lost Tribes of Israel<\/a> Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo-Saxon (non-Dutch) Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? What will happen to Jerusalem and the Jews in Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo-Saxon nations? Why might God allow them to be punished first? Here is a link to the Spanish version of this article: <a title=\"Anglo-Am\u00e9rica &amp; las Tribus Perdidas de Israel\" href=\"http:\/\/www.cdlidd.es\/anglo-america-las-tribus-perdidas-de-israel-2\/\">Anglo-Am\u00e9rica &amp; las Tribus Perdidas de Israel<\/a>.<span class=\"style3\"> Information is also in the YouTube sermons titled <a dir=\"ltr\" title=\"Where are the Ten Lost Tribes? Why does it matter?\" href=\"http:\/\/www.youtube.com\/watch?v=OgRWV3jag9c&amp;list=UUOuL5Q2Xi9HZqU6GivhxveQ&amp;feature=c4-overview\" data-sessionlink=\"ei=HuUCU-KbJ-Td8AHP3oHwBg&amp;ved=CCAQvxs&amp;feature=c4-overview-u\">Where are the Ten Lost Tribes? Why does it matter?<\/a><\/span> and <a dir=\"ltr\" title=\"British are the Covenant People\" href=\"http:\/\/www.youtube.com\/watch?v=-Kd3TWRsDhg&amp;list=UUOuL5Q2Xi9HZqU6GivhxveQ&amp;feature=c4-overview\" data-sessionlink=\"ei=oyAMU7OOAsSZ8QGIq4HIBw&amp;feature=c4-overview-u&amp;ved=CAgQvxs\"><span data-original-html=\"British are the Covenant People \">British are the Covenant People<\/span><\/a>. A short YouTube of prophetic interest may be: <a dir=\"ltr\" title=\"Are Chinese threats against Australia for real?\" href=\"https:\/\/www.youtube.com\/watch?v=cUcxiIg32rQ\" aria-describedby=\"description-id-512586\" data-sessionlink=\"ei=weghWN3IH8j5uQLe55yADQ&amp;feature=c4-feed-u&amp;ved=CPwBEKYeIhMIna3LzraZ0AIVyHxOCh3eMwfQKJsc\">Are Chinese threats against Australia for real?<\/a><br \/>\n<a href=\"https:\/\/www.cogwriter.com\/when-will-the-great-tribulation-begin.htm\">When Will the Great Tribulation Begin? 2022, 2023, or 2024?<\/a> Can the Great Tribulation begin today? What happens before the Great Tribulation in the &#8220;beginning of sorrows&#8221;? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: <a href=\"https:\/\/www.cdlidd.es\/puede-la-gran-tribulacion-comenzar-en-el-2020-o-2021-es-el-tiempo-de-los-gentiles\/\" target=\"_blank\" rel=\"noopener noreferrer\">\u00bfPuede la Gran Tribulaci\u00f3n comenzar en el 2020 o 2021? \u00bfEs el Tiempo de los Gentiles?<\/a> A related video is: <a id=\"video-title18\" title=\"Great Tribulation: 2026 or 2027?\" href=\"https:\/\/www.youtube.com\/watch?v=sV5_F8axVOU\" aria-label=\"Great Tribulation: 2026 or 2027? by ContinuingCoG 1 hour, 15 minutes 10 views\">Great Tribulation: 2026 or 2027?<\/a> A shorter video is: <a id=\"video-title250\" title=\"Can the Great Tribulation start in 2022 or 2023?\" href=\"https:\/\/www.youtube.com\/watch?v=r77vMOawdlQ\" aria-label=\"Can the Great Tribulation start in 2022 or 2023? by BibleNewsProphecy 5 hours ago 23 minutes 50 views\">Can the Great Tribulation start in 2022 or 2023?<\/a> Here is a video in the Spanish language: <a href=\"https:\/\/cogwriter.com\/Es El 2021 el a\u00f1o de La Gran Tribulaci\u00f3n o el Grande Reseteo Financiero\">Es El 2021 el a\u00f1o\u00a0 de La Gran Tribulaci\u00f3n o el Grande Reseteo Financiero<\/a>.<br \/>\n<\/span><\/span><\/span><span class=\"style17\"><a href=\"https:\/\/www.cogwriter.com\/herbertwarmstrong.htm\">Who Was Herbert W. Armstrong? How is He Viewed Today?<\/a> Includes quotes from the 1973 edition of <em>The Autobiography of Herbert W. Armstrong<\/em> and explains who he was and how he should be viewed today.<br \/>\n<a href=\"https:\/\/www.cogwriter.com\/LostTribes.pdf\">Lost Tribes and Prophecies:\u00a0What will happen to Australia, the British Isles, Canada, Europe, New Zealand and the United States of America?<\/a> Where did those people come from? Can you totally rely on DNA? What about other peoples? Do you really know what will happen to Europe and the English-speaking peoples? What about Africa, Asia, South America, and the Islands? This free online book provides scriptural, scientific, historical references, and commentary to address those matters. Here are links to related sermons: <a id=\"video-title291\" title=\"Lost tribes, the Bible, and DNA\" href=\"https:\/\/www.youtube.com\/watch?v=iKDvc8kDFU0\" aria-label=\"Lost tribes, the Bible, and DNA by ContinuingCoG 1 hour, 10 minutes No views\">Lost tribes, the Bible, and DNA<\/a>; <a id=\"video-title291\" title=\"Lost tribes, prophecies, and identifications\" href=\"https:\/\/www.youtube.com\/watch?v=5kz_zBLMuUM\" aria-label=\"Lost tribes, prophecies, and identifications by ContinuingCoG 1 hour, 10 minutes 5 views\">Lost tribes, prophecies, and identifications<\/a>; <a id=\"video-title291\" title=\"11 Tribes, 144,000, and Multitudes\" href=\"https:\/\/www.youtube.com\/watch?v=QB62LHqfaug\" aria-label=\"11 Tribes, 144,000, and Multitudes by ContinuingCoG 2 hours ago 1 hour, 9 minutes 36 views\">11 Tribes, 144,000, and Multitudes<\/a>; <a id=\"video-title291\" title=\"Israel, Jeremiah, Tea Tephi, and British Royalty\" href=\"https:\/\/www.youtube.com\/watch?v=i6Ud-eGe-SU\" aria-label=\"Israel, Jeremiah, Tea Tephi, and British Royalty by ContinuingCoG 1 hour, 16 minutes 4 views\">Israel, Jeremiah, Tea Tephi, and British Royalty<\/a>; <a id=\"video-title291\" title=\"Gentile European Beast\" href=\"https:\/\/www.youtube.com\/watch?v=qMKMYNMJwZk\" aria-label=\"Gentile European Beast by ContinuingCoG 1 hour No views\">Gentile European Beast<\/a>; <a id=\"video-title291\" title=\"Royal Succession, Samaria, and Prophecies\" href=\"https:\/\/www.youtube.com\/watch?v=0JmK1lbBSv0\" aria-label=\"Royal Succession, Samaria, and Prophecies by ContinuingCoG 1 hour, 16 minutes 12 views\">Royal Succession, Samaria, and Prophecies<\/a>; <a id=\"video-title291\" title=\"Asia, Islands, Latin America, Africa, and Armageddon\" href=\"https:\/\/www.youtube.com\/watch?v=9VpYHGGm-wE\" aria-label=\"Asia, Islands, Latin America, Africa, and Armageddon by ContinuingCoG 1 hour, 14 minutes 4 views\">Asia, Islands, Latin America, Africa, and Armageddon;<\/a>\u00a0 <a id=\"video-title291\" title=\"When Will the End of the Age Come?\" href=\"https:\/\/www.youtube.com\/watch?v=uKJ94PkOfm4\" aria-label=\"When Will the End of the Age Come? by ContinuingCoG 13 hours ago 1 hour, 10 minutes 94 views\">When Will the End of the Age Come?<\/a>;\u00a0 <a id=\"video-title291\" title=\"Rise of the Prophesied King of the North\" href=\"https:\/\/www.youtube.com\/watch?v=czuCiMMie44\" aria-label=\"Rise of the Prophesied King of the North by ContinuingCoG 1 hour, 18 minutes 4 views\">Rise of the Prophesied King of the North<\/a>; <a id=\"video-title291\" title=\"Christian Persecution from the Beast.\" href=\"https:\/\/www.youtube.com\/watch?v=gSYlqTsLOrc\" aria-label=\"Christian Persecution from the Beast. by ContinuingCoG 1 hour, 14 minutes 30 views\">Christian Persecution from the Beast<\/a>; <a id=\"video-title291\" title=\"WWIII and the Coming New World Order\" href=\"https:\/\/www.youtube.com\/watch?v=adAr8Cjl5OE\" aria-label=\"WWIII and the Coming New World Order by ContinuingCoG 1 hour, 16 minutes 19 views\">WWIII and the Coming New World Order<\/a>; and <a id=\"video-title291\" title=\"Woes, WWIV, and the Good News of the Kingdom of God\" href=\"https:\/\/www.youtube.com\/watch?v=Tgn9ci5qg18\" aria-label=\"Woes, WWIV, and the Good News of the Kingdom of God by ContinuingCoG 2 hours ago 1 hour, 10 minutes 34 views\">Woes, WWIV, and the Good News of the Kingdom of God<\/a>.<br \/>\n<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Signature Bank was closed by New York state financial regulators on Sunday https:\/\/t.co\/EJFiXXRurY \u2014 Bloomberg (@business) March 12, 2023 COGwriter The Associated Press reported the following: From Wine Country to London, Bank&#8217;s Failure Shakes Worldwide March 13, 2023 U.S. regulators closed the Silicon Valley Bank on Friday after it experienced a traditional bank run, where 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where","og:url":"https:\/\/www.cogwriter.com\/news\/prophecy\/signature-bank-closed-and-bundesbank-convenes-crisis-team-to-assess-svb-fallout\/","article:published_time":"2023-03-13T15:00:18+00:00","article:modified_time":"2023-03-13T14:16:11+00:00","twitter:card":"summary_large_image","twitter:title":"Signature Bank closed and \u2018Bundesbank convenes crisis team to assess SVB fallout\u2019 - Church of God News","twitter:description":"Signature Bank was closed by New York state financial regulators on Sunday https:\/\/t.co\/EJFiXXRurY \u2014 Bloomberg (@business) March 12, 2023 COGwriter The Associated Press reported the following: From Wine Country to London, Bank's Failure Shakes Worldwide March 13, 2023 U.S. regulators closed the Silicon Valley Bank on Friday after it experienced a traditional bank run, where"},"aioseo_meta_data":{"post_id":"80568","title":null,"description":null,"keywords":null,"keyphrases":null,"primary_term":null,"canonical_url":null,"og_title":null,"og_description":null,"og_object_type":"default","og_image_type":"default","og_image_url":null,"og_image_width":null,"og_image_height":null,"og_image_custom_url":null,"og_image_custom_fields":null,"og_video":null,"og_custom_url":null,"og_article_section":null,"og_article_tags":null,"twitter_use_og":false,"twitter_card":"default","twitter_image_type":"default","twitter_image_url":null,"twitter_image_custom_url":null,"twitter_image_custom_fields":null,"twitter_title":null,"twitter_description":null,"schema":{"blockGraphs":[],"customGraphs":[],"default":{"data":{"Article":[],"Course":[],"Dataset":[],"FAQPage":[],"Movie":[],"Person":[],"Product":[],"ProductReview":[],"Car":[],"Recipe":[],"Service":[],"SoftwareApplication":[],"WebPage":[]},"graphName":"BlogPosting","isEnabled":true},"graphs":[]},"schema_type":"default","schema_type_options":null,"pillar_content":false,"robots_default":true,"robots_noindex":false,"robots_noarchive":false,"robots_nosnippet":false,"robots_nofollow":false,"robots_noimageindex":false,"robots_noodp":false,"robots_notranslate":false,"robots_max_snippet":null,"robots_max_videopreview":null,"robots_max_imagepreview":"large","priority":null,"frequency":null,"local_seo":null,"breadcrumb_settings":null,"limit_modified_date":false,"ai":null,"created":"2023-07-18 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