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 👇💸💸🫰
#economy #bankcollapse #banking
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
Wall Street Stooge: Bank Collapse Is An Opportunity For MORE DEREGULATION!
JP Morgan Chief Jamie Dimon blames regulations for banking instability. Ana Kasparian discusses on The Young Turks. Watch TYT LIVE on weekdays 6-8 pm ET.
#BankCollapse #Banks #BankRun #SignatureBank #WallStreet #JPMorgan #VentureCapital #JamieDimon #SiliconValleyBank #TYT #TheYoungTurks #TYTNetwork
#bankcollapse #banks #bankrun #signaturebank #wallstreet #jpmorgan #venturecapital #jamiedimon #siliconvalleybank #tyt #theyoungturks #tytnetwork
Rep. Patrick McHenry (R-N.C.), who has received $275,000 in donations since 2013 from executives at Signature Bank, will lead the House Financial Services Committee’s first hearing on Wednesday looking into the sudden failures of Signature Bank and Silicon Valley Bank (SVB) earlier this month. https://www.levernews.com/republican-tells-lobbyists-its-hackish-to-blame-bank-failures-on-deregulation/ #nomoa #Bankcollapse
I'm happy to have been featured in Worklife's recent article about remote work and SVB.
https://www.worklife.news/leadership/was-remote-work-to-blame-for-silicon-valley-bank-collapse/
#rto #wfh #remotework #hiring #svb #bankcollapse
The government's response to the failure of two large banks has already involved hundreds of billions of dollars. So will ordinary Americans end up paying for it, one way or another? And what will the price tag be?.#USA..#Bankcollapse https://www1.cbn.com/cbnnews/us/2023/march/will-americans-end-up-footing-the-bill-for-bank-failures
Graeme Keyes on #Bankcollapse - political cartoon gallery in London original-political-cartoon.com
Matt on #Bankcollapse - political cartoon gallery in London original-political-cartoon.com
The #ConnectedAtBirth #etymology of the week is BANK/BUNGLE #wotd #bank #Bankcollapse #BankingCrisis #banks #Banking #bungle
#ConnectedAtBirth #etymology #wotd #bank #bankcollapse #bankingcrisis #banks #banking #bungle
We used to hear that some banks were too big to fall, but recent events are showing us that this is not the case. Not everything goes when you take people out of the equation and build house of cards. #BankingCrisis #Bankcollapse #banking #FinancialCrisis #creditsuisse
#bankingcrisis #bankcollapse #banking #financialcrisis #creditsuisse
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
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.
Sadly Cancer can't be cured with morphine, but some economist still thinking that Monetary injections are a good solution for every kind of problem. #economy #BankingCrisis #FinancialCrisis #FiNANCiE #SVB #Bankcollapse
#economy #bankingcrisis #financialcrisis #FiNANCiE #SVB #bankcollapse
So the implication seems to be: other banks demanded RTO, SVB didn't, and now look at the mess they're in. 😣
https://medium.com/@sara_causey/bank-failures-due-to-remote-work-4f91dbc2ae4d
#RTO #WFH #remotework #bankingfailure #bankcollapse #bankingcrisis #SVB
#rto #wfh #remotework #bankingfailure #bankcollapse #bankingcrisis #svb
@PeterSchwarz11 RT by @aiww: @aiww : The recording of #CreditSuisse lying about the reason for closing my account on 23 March 2021 and 24 June 2021. #Switzerland #silliconvalleybank #USBanksCollapsing #BREAKING #Bankcollapse #USbankingcrisis @Steph_and_me #Whistleblowing https://www.instagram.com/reels/audio/998427251109036/ https://nitter.hongkongers.net/PeterSchwarz11/status/1637169615297032192#m
#creditsuisse #switzerland #silliconvalleybank #usbankscollapsing #breaking #bankcollapse #usbankingcrisis #whistleblowing
#UBS in talks to acquire #Credit Suisse
Swiss authorities press for merger to stem crisis of confidence in country’s #banking sector
#BankingCrisis #Bankcollapse
👇Free to read
https://archive.ph/uWMIQ
#ubs #credit #banking #bankingcrisis #bankcollapse
Another "#woke" bank? #CreditSuisse #BankingCrisis #Bankcollapse
After receiving the award he said in a statement: "I am truly honoured and humbled by this award and am proud of the progress we are making towards all forms of gender diversity & equality." https://www.standard.co.uk/news/uk/gender-fluid-exec-named-on-list-of-top-100-women-in-business-a3942896.html
#woke #creditsuisse #bankingcrisis #bankcollapse