Lawsuit accusing 10 banks of rigging $23 trillion U.S. Treasury market is dismissed https://www.reuters.com/business/lawsuit-accusing-10-banks-rigging-23-trillion-us-treasury-market-is-dismissed-2022-03-31/
when asking GPT3 on 24 trillion given to banks
Banks across the world received $24 trillion in aid from central banks over the past year, according to a new report from the Bank for International Settlements.
The report, which tracked the use of monetary and financial policies to support the global economy in the wake of the coronavirus pandemic, found that central banks committed a total of $24 trillion in monetary and financial policies to banks, businesses and households.
The figure includes $14 trillion in direct support to banks, $5.5 trillion in liquidity and collateral operations, $2.2 trillion in macroeconomic policy measures and $2.3 trillion in other measures.
The report also found that banks in Europe and North America received the most support, taking in $8.5 trillion and $5.5 trillion respectively. Banks in Asia and other emerging markets received $6.3 trillion in aid.
The report notes that the unprecedented level of support was necessary to prevent a collapse of the global financial system and to ensure a smooth transition to the post-pandemic economy.
“The pandemic has exposed weaknesses in the global economy and financial system that had been overlooked for some time. It has also demonstrated the importance of having a strong and resilient financial
These are the 23 biggest global banks — all with more than $1 trillion of assetshttps://www.businessinsider.com/the-biggest-banks-in-the-world-2017-4?IR=T
BIS international banking statistics and global liquidity indicators at end-March 2022https://www.bis.org/statistics/rppb2207.htm