#bankfailure — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #bankfailure, aggregated by home.social.
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Former Bank CEO Pleads Guilty to Embezzling $47M to Buy Crypto, Leading to Bank Collapse - Former Heartland Tri-State Bank CEO Shan Hanes pleaded guilty on Thursday to embez... - https://news.bitcoin.com/former-bank-ceo-pleads-guilty-to-embezzling-47m-to-buy-crypto-leading-to-bank-collapse/ #heartlandtri-statebank #cryptocurrency #digitalassets #embezzlement #bankfailure #newsbytes-2 #newsbytes #shanhanes #bitcoin #crypto #kansas #fraud
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Heartland Tri-State Bank Collapses, Biden Urged to Grant Silk Road’s Ross Ulbricht Clemency, and More — Week in Review - In this week’s news, another major U.S. bank has failed, a Maine senator has appea... - https://news.bitcoin.com/heartland-tri-state-bank-collapses-biden-urged-to-grant-silk-roads-ross-ulbricht-clemency-and-more-week-in-review/ #heartlandtri-statebank #rossulbricht #bankfailure #freemarket #theweekly #security #silkroad #ronpaul #xrp
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Heartland Tri-State Bank with $139B in assets and $130B in deposits has failed and been purchased by Dream Bank along with a shared-loss agreement with the #FDIC.
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $54.2 million
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With the recent bank failures, it's only natural to be concerned about your bank. Now there are tools to help you evaluate the level of risk that your bank exposes you to.
You can find them here:
https://econ-intel.com/product-category/is-my-bank-safe-q4-2022/There is a FREE report immediately available for #SiliconValleyBank #SVB
Very interested to hear from the mastodon community your thoughts about this project.
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Not over, no matter what Jamie Dimon says. #BankFailure
PacWest (PACW), First Horizon (FHN) Stocks Lead Regional Bank Shares Down - Bloomberg https://www.bloomberg.com/news/articles/2023-05-04/pacwest-first-horizon-slump-reigniting-regional-bank-jitters
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JPMorgan Chase Assumes Control of First Republic Bank Following Seizure by California Regulators - On May 1, 2023, the California Department of Financial Protection and Innovation (... - https://news.bitcoin.com/jpmorgan-chase-assumes-control-of-first-republic-bank-following-seizure-by-california-regulators/ #u.s.financialsystem #financialtroubles #firstrepublicbank #siliconvalleybank #depositinsurance #bankingindustry #silvergatebank #jpmorganchase #signaturebank #bankfailure #california
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In the wake of the recent failures of SVB and #SignatureBank, #Wolters Kluwer Legal & Regulatory U.S. has launched a new resource that provides a collection of #guides and #checklists to help companies avoid a #bankfailure and take action when a failure occurs, as well as a tracker to follow related #lawsuits and #investigations. The # BankFailures #Toolkit is free for anyone to access through WK’s website. https://www.wolterskluwer.com/en/solutions/vitallaw-corporate-counsel/wolters-kluwer-legal-and-regulatory-us-toolkit #legalresearch #finance #FinancialStability
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#SVB: US #regulators have generated “a #MoralHazard” #SiliconValleyBank suddenly collapsed just one week after making it to #Forbes’ America’s #BestBanks list, turning one of those best banks into the second-largest #BankFailure in US history. This immediately led to a storm in the #GlobaFfinancialSystem What was so striking is just how classic a #BankRun it was. https://www.thebanker.com/World/Americas/US/SVB-US-regulators-have-generated-a-moral-hazard See also Liquidity ransformation and Fragility in the US Banking Sector
https://www.nber.org/papers/w27815 -
The FDIC, Treasury, & Fed all assured the public that the banking system is in great shape.
Actual data shows significant financial stress behind the scenes.
Regulatory practices amplify the risk level.
https://econ-intel.com/bank-failures-solved-or-just-on-hiatus/ -
[Economics Explained] on whether the recent bank failures mean that we're entering a new recession/depression
https://youtu.be/mCjRbHL3cOsAlso tackles the "Money Multiplier" myth that goldbugs, crypto bros, and libertarians love spreading on social media
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Bank Failure and the Ample Reserve Regime:
Do you know that just over three years ago the Federal Reserve changed the banking system from a fractional reserve system to what is called an ample reserve regime? There is now no regulatory requirement for banks to hold any portion of your deposits as liquid reserves. They can invest it all. Further examination: https://econ-intel.com/ample-reserve-regime/
#AmpleReserveRegime #BankFailure #Bank #Risk #Economics #economy @economics -
#FACTCHECK
People are worried about #bankbailouts & if money is coming from taxes. But #FDIC said “no losses associated w/ the resolution of #SiliconValleyBank will be borne by taxpayers.” This is NOT the 2008 bailouts. #Trump & #Republicans blame #Biden admn, BUT it's the #RepublicanParty's fault for #deregulation of midsized #banks w/ the "Economic Growth, Regulatory Relief, & Consumer Protection Act" of 2018!
#bankfailures #politics #banking #bankingcrisis #bankfailure #SignatureBank #GOP -
There's a long winded joke about finance that has a clever end. I'm just going to give you the punchline.
Money is the eat of all roovil.
#Joke #LazyHumor #BankFailure -
Poorer countries ask for $100 billion to mitigate climate change caused by the rich, and rich countries can't find the cash. But when 3 banks fail in a matter of weeks, the cash is ready at hand to bail them out!
#ClimateEmergency
#BankFailure
#SVB
#ClimateUrgency -
Wie ich gesagt habe, der Staat muss einem der arsch retten aber Bonis werden feucht fröhlich gezahlt, einfach eine verarsche nCh Strich und Faden.
#creditsuisse #bankfailure #tobigtofail -
The UBS purchase of Credit Suisse guarantees that UBS will not be allowed to fail, no matter what financial atrocities they may commit. We are creating an even more unstable global financial environment. #BankFailure #CreditSuisse #TooBigToFail
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Sen. Warren calls for lifting deposit insurance cap, blasts Fed #banking #svb #bankfailure #senatorwarren #elizabethwarren #jeromepowell #fed https://www.washingtonpost.com/politics/2023/03/19/elizabeth-warren-federalreserve-fdic-banks/
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Google Trends Data Reveals Searches for ‘Banking Crisis,’ ‘Bank Runs,’ Skyrocket - Interest in the U.S. banking crisis has risen greatly over the past two weeks, as ... - https://news.bitcoin.com/google-trends-data-reveals-searches-for-banking-crisis-bank-runs-skyrocket/ #financialinstitutions #financialregulation #financialstability #firstrepublicbank #googletrendsbanks #siliconvalleybank #uninsureddeposits #worldwideinterest #economicturmoil #insureddeposits #federalreserve #bankfailure
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Truly unbelievable.
#BankRescue #BankFailureUBS Nears Deal to Take Over Credit Suisse https://www.wsj.com/articles/ubs-in-talks-to-take-over-credit-suisse-ed932b01
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Given the bank failures, here are some resources to understand the banking crisis and more importantly the environment that the banking crisis occurred under.
Central to the problem in our opinion: https://econ-intel.com/reserve-requirement-abolished/
Eye on banking industry: https://econ-intel.com/banking-dashboard/
Eye on Federal Reserve: https://econ-intel.com/federal-reserve-dashboard/
#Bank #BankingIndustry #Risk #BankFailure #FederalReserve
@economics -
https://vickyward.substack.com/p/questions-questions-questions?utm_medium=email&action=share #VickyWard Questions, Questions,Questions. There are echos of 2008 and Lehman in the SVB narrative. That SVB’s CEO reportedly sold millions in stock shortly before the bank run is reminiscent of the behavior of Lehman’s president Joe Gregory who had cashed several hundred million dollars of stock, and asked for a further $233 million from the Lehman estate after the bankruptcy #SVB #BankFailure #Economics
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My thoughts on the recent #SiliconValleyBank #bankfailure:
I'm glad Superman managed to step in and keep the crumbling building upright until everyone got out safely, but I'd really like to know why the fuck we keep paying Lex Luthor to build shoddily-constructed skyscrapers everywhere
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Risky Bet on Crypto and a Run on Deposits Tank Signature Bank https://nyti.ms/3JBaD9m
And a second bank fails...
"Signature Bank, a New York financial institution with a big real estate lending business that had recently made a play to win cryptocurrency deposits, closed its doors abruptly on Sunday, after regulators said that keeping the bank open could threaten the stability of the entire financial system."
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https://time.com/6262009/silicon-valley-bank-deposit-insurance/ “We don’t know if we’re going to have to lay off or furlough employees. We don’t know if we’re ever going to get the money beyond the insured amount” #bankfailure #svb
