#bankcollapse — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #bankcollapse, aggregated by home.social.
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Former Bank CEO Sentenced to Prison for $47M Crypto Fraud Leading to Bank Collapse - The former CEO of failed Heartland Tri-State Bank was sentenced to over 24 years i... - https://news.bitcoin.com/former-bank-ceo-sentenced-to-prison-for-47m-crypto-fraud-leading-to-bank-collapse/ #heartlandtri-statebank #cryptocurrencyscam #cryptocurrency #pigbutchering #bankcollapse #embezzlement #shanhanes #crypto #legal
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The hearing on bank failures is starting with the slope-shouldered, mealy-mouthed white dudes in charge exclaiming how great their banks are and how no one could have predicted the events of that one morning and all hear is “I didn’t know what I was doing or I would have seen this coming”.
#BankCollapse -
Fed faces bank collapse and debt ceiling fears as it prepares to raise interest rates for the 10th time 👇💸💸🫰
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CW: From birdsite
Tech & finance:
Binance's dependency on Signature Bank and Silvergate Capital Corp which both failed recently leave the crypto exchange scrambling to find a new banking partner.
#Crypto #Bankcollapse
https://www.reuters.com/markets/binances-us-arm-struggles-find-bank-take-its-customers-cash-wsj-2023-04-08/?utm_source=Sailthru&utm_medium=Newsletter&utm_campaign=Technology-Roundup&utm_term=040823 -
The #ConnectedAtBirth #etymology of the week is BANK/BUNGLE #wotd #bank #Bankcollapse #BankingCrisis #banks #Banking #bungle
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How Everyone Is Getting The Story Of Silicon Valley Bank and Signature Bank Completely Wrong - I don't know how insightful this is but it is thought provoking. @Cryptadamist https://open.substack.com/pub/cryptadamus/p/how-everyone-got-the-story-of-silicon?r=hcxf&utm_campaign=post&utm_medium=web #Bankcollapse
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The #FederalReserve must choose between inflation and market chaos. #BankCollapse
The impact of raising interest rates is what caused the bank collapse, but needs to be done to control inflation...what a mess.
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From 2009:
Hollingsworth Hound, in "To Catch a Banker"
It will always be thus.
#svb #bankcollapse #bankingcrisis -
. #dNews #News #funny #dIrony #BankCollapse
Unfortunately we are witnessing this right now in real time.
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FDIC to attempt another auction of Silicon Valley Bank: Report - Regulators are planning another auction for Silicon Valley Bank a... - https://cointelegraph.com/news/fdic-to-attempt-another-auction-of-silicon-valley-bank-report #federaldepositinsurancecorporation #siliconvalleybank #bankcollapse #auction
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The trending #Bankcollapse seems like a good time to remind people about #CreditUnions
Credit Unions are owned by THE MEMBERS. You get better rates and no hidden fees.
With "shared branching" you can even go to thousands of branches across the country, more than any bank! https://www.coop.org/Solutions/Engage/Co-op-Shared-Branch
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Trading temporarily HALTED in dozens of banks after shares fell by up to 75% when market opened at 9.30am - moments after Biden said 'US banking is safe' - as contagion spreads to heavyweights Wells Fargo, Bank of America and JP Morgan #banks #bankcollapse
Hum…
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#SiliconValleyBank Used Former McCarthy Staffers to Weaken Regulations, Lobby #FDIC
Two senior aides to House Speaker #KevinMcCarthy were among the top #lobbyists for the bank at the center of a new #financialcrisis
https://theintercept.com/2023/03/11/silicon-valley-bank-used-former-mccarthy-staffers-to-weaken-regulations-lobby-fdic/
#revolvingdoor #SVB #SVIB #Bankcollapse -
Two U.S. Banks Collapse in 48 Hours. Which One's Next? #BankCollapse #Banks
Also, keep an eye on First Republic Bank. Next week might be a rough ride.
https://www.thestreet.com/technology/two-us-banks-collapse-in-48-hours-which-one-is-next
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Big yikes. Must be because they mess too much on tech stocks and crypto especially. Silvergate is the other bank that is collapsing.