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US regional banks struggle to break free from government life support

By Peter Coyne

Posted August 10, 2023

US banks are still relying on hundreds of billions of dollars in government financing that was crucial in shoring up the industry after the collapse of Silicon Valley Bank almost four months ago.

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China’s Central Bank Adds More Gold for a Ninth Straight Month

By Peter Coyne

Posted August 9, 2023

China raised its gold reserves for a ninth straight month in July as central bank purchases continue to underpin prices of the precious metal.

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