The #bankruptcy committee of #siliconvalleybank is investigating #bank officers:
https://finance.yahoo.com/news/inside-bankruptcy-committee-ongoing-investigation-124201838.html
@maxi
And whilst Wirecard folding as the grift it has been from the start may be inconvenient for merchants using them, this didn't result in the same #shitshow that #SiliconValleyBank caused:
People still got their paychecks and businesses could still pay suppliers and get paid.
They might've to switch to competitors like Adyen but in the end, that isn't a hard move...
Integrating #Wirecard messy code was always a clunky shitshow compared to #PayPal which has a clean API...
When bankrupt of #SiliconValleyBank happened,other banks collapsed and crisis of the medium and regional banks in the US arose, I warned to you not to invest your money in public debt.
There is too much.
15 hours ago,ratings agency #Fitch has placed the rating of US treasuries from AAA to AA+
In an unexpected movement the shares are starting to fall while #Gold has risen 0.4% so far.
Bundesbankpräsident Nagel hat vor den Gefahren eines Banken-Ansturms durch #FakeNews gewarnt
Der Fall der #SiliconValleyBank habe gezeigt, dass man schneller werden müsse. Dort hätten Äußerungen in den sozialen Medien dazu beigetragen, einen #BankRun zu beschleunigen. Die Frage sei, ob Fake News auch so etwas auslösen könnten.
Er habe von einem Kollegen aus Südkorea gehört, dass dort eine Task Force der #Bankenaufsicht systematisch die sozialen Medien überwache
https://www.fr.de/wirtschaft/bundesbankpraesident-sieht-risiko-eines-bank-runs-zr-92409959.html
Remember 2y UST yield was above 5% before the regional #banking turmoil around #SiliconValleyBank ensued, chart @ING_economics
If you haven't seen inside the financials of #SiliconValleyBank and are curious, here is your opportunity. Econ-Intel is now offering bank safety reports for all FDIC insured banks, so that people can find out how safe their money may be at their banks. We are providing the one for #SVB for FREE immediate download:
https://econ-intel.com/product/free-silicon-valley-bank-safety-report-q4-2022/
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.
Nouvelle #crisebancaire - Épisode 1 - Retour sur la crise des #Subprimes (CADTM)
https://www.cadtm.org/Nouvelle-crise-bancaire-internationale-Episode-1-Retour-sur-la-crise-des
Nouvelle crise bancaire - Épisode 2 - Pourquoi la #SiliconValleyBank a-t-elle fait faillite ?
Execs From Failed Banks Testify Before Senate https://politicaliq.com/2023/05/16/execs-from-failed-banks-testify-before-senate/ #SiliconValleyBank #FirstRepublic #Signature #bankfailures #BankCollapse #CEOs #ExecutivePay #StockMarket #politicaliq #news #politics
New Coppola Comment post. Bank failures: it's all about #liquidity. Although #banks create #deposits when they lend, they can still run out of money. Featuring #SignatureBankNY, #SiliconValleyBank, #SilvergateBank. (pic does not link)
https://coppolacomment.substack.com/p/bank-failures-its-all-about-liquidity
Long thread/15