#washingtonmutual — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #washingtonmutual, aggregated by home.social.
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FDIC Creates Bridge Banks for Failed Silicon Valley Bank and Signature Bank Clients to Access Funds - The U.S. Federal Deposit Insurance Corporation (FDIC) has announced that clients o... - https://news.bitcoin.com/fdic-creates-bridge-banks-for-failed-silicon-valley-bank-and-signature-bank-clients-to-access-funds/ #fdic-operatedbanks #financialstability #depositprotection #full-servicebanks #newyorkregulators #orderlyresolution #siliconvalleybank #bankingcustomers #washingtonmutual #news
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The largest #BankRun in #history #SiliconValleyBank #customers withdrew $42 billion from their accounts on Thurs. That's $4.2 B an hour, or more than $1 million per second for 10 hours straight. To put that in context, the previous largest bank run in modern US history took place at #WashingtonMutual bank in 2008, & totaled $16.7 billion over course of 10 days. That's a mere trickle in comparison to what was seen at SVB, #FinancialStability #FinancialCrisis #StressTest https://www.axios.com/2023/03/11/the-largest-bank-run-in-history?
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Silicon Valley Bank debacle is a reminder of Washington Mutual, the last time a big bank failed - (Bigstock Image)
The government takeover and subsequent acquisition of Washing... - https://www.geekwire.com/2023/silicon-valley-bank-debacle-is-a-reminder-of-washington-mutual-the-last-time-a-big-bank-failed/ #siliconvalleybank #washingtonmutual #tech