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⚯ Michel de Cryptadamus ⚯<p>New paper from <a href="https://universeodon.com/tags/Yale" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Yale</span></a> and the <a href="https://universeodon.com/tags/FederalReserve" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>FederalReserve</span></a> blames the 2023 banking crisis on (you guessed it) <a href="https://universeodon.com/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>crypto</span></a> and Nerd Reich <a href="https://universeodon.com/tags/VCs" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>VCs</span></a>.</p><p>&gt; "A clearer commonality between the six banks [that failed], the paper argues, is their exposure to risky depositor bases that other banks shied away from: <a href="https://universeodon.com/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>crypto</span></a> firms and [tech] venture capitalists."</p><p>* American Banker: <a href="https://www.americanbanker.com/news/new-paper-hangs-march-2023-failures-on-business-model-risks" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">americanbanker.com/news/new-pa</span><span class="invisible">per-hangs-march-2023-failures-on-business-model-risks</span></a><br>* Paper: <a href="https://www.chicagofed.org/publications/working-papers/2025/2025-04" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">chicagofed.org/publications/wo</span><span class="invisible">rking-papers/2025/2025-04</span></a></p><p><a href="https://universeodon.com/tags/SiliconValleyCalif" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>SiliconValleyCalif</span></a> <a href="https://universeodon.com/tags/SVB" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>SVB</span></a> <a href="https://universeodon.com/tags/SBNY" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>SBNY</span></a> <a href="https://universeodon.com/tags/SignatureBank" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>SignatureBank</span></a> <a href="https://universeodon.com/tags/FirstRepublic" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>FirstRepublic</span></a> <a href="https://universeodon.com/tags/a16z" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>a16z</span></a> <a href="https://universeodon.com/tags/Broligarchs" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Broligarchs</span></a> <a href="https://universeodon.com/tags/NerdReich" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>NerdReich</span></a> <a href="https://universeodon.com/tags/uspol" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>uspol</span></a> <a href="https://universeodon.com/tags/banking" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>banking</span></a> <a href="https://universeodon.com/tags/finreg" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>finreg</span></a> <a href="https://universeodon.com/tags/Silvergate" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Silvergate</span></a></p>
⚯ Michel de Cryptadamus ⚯<p><span class="h-card" translate="no"><a href="https://mstdn.social/@GottaLaff" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>GottaLaff</span></a></span> <span class="h-card" translate="no"><a href="https://toad.social/@KimPerales" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>KimPerales</span></a></span> ivanka was even on the board of <a href="https://universeodon.com/tags/SignatureBank" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>SignatureBank</span></a>, no doubt because of her financial acumen. </p><p>also not to be a dick but anyone like <a href="https://universeodon.com/tags/Maddow" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Maddow</span></a> doing political commentary in 2025 who "doesn't know what the <a href="https://universeodon.com/tags/FDIC" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>FDIC</span></a> ever did to these people" is not even minimally informed about the events in the world around them and should probably not be doing political commentary. $0.02.</p><p><a href="https://www.nytimes.com/2018/07/23/business/signature-bank-trump-kushner.html" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">nytimes.com/2018/07/23/busines</span><span class="invisible">s/signature-bank-trump-kushner.html</span></a></p><p><a href="https://universeodon.com/tags/IvankaTrump" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>IvankaTrump</span></a> <a href="https://universeodon.com/tags/uspol" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>uspol</span></a> <a href="https://universeodon.com/tags/Trump" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Trump</span></a></p>
⚯ Michel de Cryptadamus ⚯<p><span class="h-card" translate="no"><a href="https://mstdn.social/@GottaLaff" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>GottaLaff</span></a></span> <span class="h-card" translate="no"><a href="https://toad.social/@KimPerales" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>KimPerales</span></a></span> (<a href="https://universeodon.com/tags/SignatureBank" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>SignatureBank</span></a> was also the <a href="https://universeodon.com/tags/Trump" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Trump</span></a> and <a href="https://universeodon.com/tags/Kushner" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Kushner</span></a> family bank)</p>
⚯ Michel de Cryptadamus ⚯<p><span class="h-card" translate="no"><a href="https://mstdn.social/@GottaLaff" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>GottaLaff</span></a></span> the crypto bros are big mad about the collapse of <a href="https://universeodon.com/tags/Silvergate" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Silvergate</span></a> and Signature banks (AKA "the big crypto banks"). the conspiracy theory they have about the <a href="https://universeodon.com/tags/FDIC" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>FDIC</span></a> is called "Operation Chokepoint 2.0" if you want to look into it.</p><p>(the reality is that Silvergate and Signature banks were massive money laundering hubs, moving literally trillions of dollars a year in untracked funds outside of all money laundering regulations. they were both intimately connected to <a href="https://universeodon.com/tags/FTX" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>FTX</span></a>)</p><p>cc <span class="h-card" translate="no"><a href="https://toad.social/@KimPerales" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>KimPerales</span></a></span> ICYMI </p><p>i published this 4 months before Signature Bank collapsed: <a href="https://cryptadamus.substack.com/p/signature-bank-ftx-and-trueusd-a" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">cryptadamus.substack.com/p/sig</span><span class="invisible">nature-bank-ftx-and-trueusd-a</span></a></p><p><a href="https://universeodon.com/tags/SBNY" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>SBNY</span></a> <a href="https://universeodon.com/tags/SI" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>SI</span></a> <a href="https://universeodon.com/tags/SignatureBank" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>SignatureBank</span></a> <a href="https://universeodon.com/tags/Crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Crypto</span></a> <a href="https://universeodon.com/tags/OperationChokepoint" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>OperationChokepoint</span></a> <a href="https://universeodon.com/tags/OperationChokepoint2" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>OperationChokepoint2</span></a></p>
Philipp :geeko: :natenom:<p>💵🔥<a href="https://abcnews.go.com/Business/wireStory/new-york-community-bancorp-plunges-abrupt-departure-ceo-107711760" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">abcnews.go.com/Business/wireSt</span><span class="invisible">ory/new-york-community-bancorp-plunges-abrupt-departure-ceo-107711760</span></a></p><p>Anyone else got some <a href="https://digitalcourage.social/tags/LehmanBrothers" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>LehmanBrothers</span></a> vibes?<br><a href="https://digitalcourage.social/tags/SignatureBank" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>SignatureBank</span></a> <a href="https://digitalcourage.social/tags/NewYorkCommunityBancorp" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>NewYorkCommunityBancorp</span></a> <a href="https://digitalcourage.social/tags/NYBC" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>NYBC</span></a></p>
Matt Maison<p>Signature Bank Portfolio Sold in Two Deals That Could Preserve Affordable Housing<br>The City - December 20, 2023</p><p>“The two deals will manage loans covering more than 2,000 apartment buildings and 70,000 rent-controlled or rent-stabilized units in every borough but Staten Island.”</p><p><a href="https://www.thecity.nyc/2023/12/20/signature-bank-santander-community-preservation-corporation/" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">thecity.nyc/2023/12/20/signatu</span><span class="invisible">re-bank-santander-community-preservation-corporation/</span></a></p><p><a href="https://mastodon.world/tags/RealEstate" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>RealEstate</span></a> <a href="https://mastodon.world/tags/CRE" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>CRE</span></a> <a href="https://mastodon.world/tags/SignatureBank" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>SignatureBank</span></a> <a href="https://mastodon.world/tags/AffordableHousing" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>AffordableHousing</span></a> <br><span class="h-card" translate="no"><a href="https://a.gup.pe/u/realestate" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>realestate@a.gup.pe</span></a></span> <span class="h-card" translate="no"><a href="https://chirp.social/@realestate" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>realestate@chirp.social</span></a></span><br><span class="h-card" translate="no"><a href="https://newsie.social/@THECITY" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>THECITY</span></a></span></p>
Matt Maison<p>Signature Loan Sale Likely to Lower Commercial-Property Values<br>The Wall Street Journal - November 7, 2023</p><p>“Most of Signature’s loans are performing. Nevertheless, the FDIC and Newmark Group, the real-estate firm running the sale, are going to have to sell them at discounts partly because they were made when interest rates were a lot lower than today.”</p><p><a href="https://www.wsj.com/real-estate/commercial/signature-loan-sale-likely-to-lower-commercial-property-values-298edc31" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">wsj.com/real-estate/commercial</span><span class="invisible">/signature-loan-sale-likely-to-lower-commercial-property-values-298edc31</span></a></p><p><a href="https://mastodon.world/tags/RealEstate" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>RealEstate</span></a> <a href="https://mastodon.world/tags/CRE" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>CRE</span></a> <a href="https://mastodon.world/tags/Multifamily" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Multifamily</span></a> <a href="https://mastodon.world/tags/SignatureBank" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>SignatureBank</span></a> <a href="https://mastodon.world/tags/WSJ" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>WSJ</span></a><br><span class="h-card" translate="no"><a href="https://a.gup.pe/u/realestate" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>realestate@a.gup.pe</span></a></span> <span class="h-card" translate="no"><a href="https://chirp.social/@realestate" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>realestate@chirp.social</span></a></span></p>
Tuck Frump<p><a href="https://mstdn.social/tags/binance" class="mention hashtag" rel="tag">#<span>binance</span></a> <a href="https://mstdn.social/tags/crypto" class="mention hashtag" rel="tag">#<span>crypto</span></a> exchange commingled US and foreign funds by transferring them through accounts at now defunct <a href="https://mstdn.social/tags/silvergate" class="mention hashtag" rel="tag">#<span>silvergate</span></a> bank and <a href="https://mstdn.social/tags/signaturebank" class="mention hashtag" rel="tag">#<span>signaturebank</span></a></p><p><a href="https://finance.yahoo.com/news/binance-moved-billions-us-bank-134421638.html" target="_blank" rel="nofollow noopener" translate="no"><span class="invisible">https://</span><span class="ellipsis">finance.yahoo.com/news/binance</span><span class="invisible">-moved-billions-us-bank-134421638.html</span></a></p>
acemaxx<p>UST yields declined sharply following the <a href="https://econtwitter.net/tags/SiliconValleyBank" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>SiliconValleyBank</span></a> and <a href="https://econtwitter.net/tags/SignatureBank" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>SignatureBank</span></a> failures, particularly for shorter-maturity securities, reports @federalreserve <a href="https://cutt.ly/u6pJc25" rel="nofollow noopener" target="_blank"><span class="invisible">https://</span><span class="">cutt.ly/u6pJc25</span><span class="invisible"></span></a></p>

#FDIC Releases Report Detailing #Supervision of the Former #SignatureBank, New York, New York fdic.gov/news/press-releases/2 This detailed analysis identifies clearly that “the root cause of [Signature Bank’s] failure was poor management. [Signature Bank’s] board of directors and management pursued rapid, unrestrained growth without developing and maintaining adequate #riskmanagement practices and controls appropriate for the size, complexity and risk profile of the institution. #FinancialStability

www.fdic.govFDIC Releases Report Detailing Supervision of the Former Signature Bank, New York, New YorkFDIC Releases Report Detailing Supervision of the Former Signature Bank, New York, New York

🚨#BREAKING: Share price of First Republic Bank has plummeted by over 50% due to a loss of more than $100 billion in customer deposits.

First Republic Bank's stock plunged on Tuesday after it said depositors withdrew more than $100 billion during last month's crisis, with fears swirling that it could be the third bank to fail after the collapse of Silicon Valley Bank and Signature Bank.

#FirstRepublicBank
#SiliconValleyBank
#SignatureBank
#LockharTVMedia

🚨Ω🚨
#CustomersBank AKA #CUBI is on a mission to relive the Savings & Loan crisis of the 1980s... They're trying to keep their deposit base high enough to stay solvent by hiking the interest rates they pay but that means ballooning costs.

Worth noting that #CUBI is one of the last #crypto friendly banks in the United States... basically a mini-me of #SignatureBank / #SBNY. Will meet the same fate.

(h/t this guy twitter.com/RhoRider/status/16)

“It’s hard to ignore the fingerprints of a Big Four accounting firm—as well as the office nameplates in the C-suite—in the high-profile collapses of Silicon Valley Bank and Signature Bank, as well as the near miss at First Republic Bank. In a veritable coup de grâce to independence, KPMG drafted audit opinions signing off on the banks’ financial statements."

#lawfedi #big4 #svb #signaturebank

Big Four Auditors and Consultants Need Liability—And a Divorce | news.bloombergtax.com/tax-insi

news.bloombergtax.comBig Four Auditors and Consultants Need Liability—And a DivorceBy Andrew Leahey