+ Now we have a tangible example of a small town bank - the kind that ole Dave told you not to worry about and not to be a "stupid butt" over - having a banking crisis and being seized by regulators. Who looks a 🤡 now, I wonder.

https://medium.com/@sara_causey/stupid-butt-things-9720e4a3f0ee

#bankfailure #bankingsystem #economy #grifters #whoareyoulisteningto

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

#BankFailure

https://www.fdic.gov/news/press-releases/2023/pr23058.html

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.

#BankFailure #banks #bank #BankRisk #BankLiquidity

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

US Bank Failures 2001 to May 2023

https://www.reddit.com/r/dataisbeautiful/comments/134x1kz/oc_us_bank_failures_inflation_adjusted/

#bank #bankfailure #bankingcrisis #FDIC

First Republic Bank seized, sold to JPMorgan Chase
#banking #BankFailure
https://apnews.com/article/first-republic-bank-silicon-valley-fdic-5ab48702b7136d42f73ac13e0a20955d

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

Oh hey, was that just another #bankfailure ? A billion dollars, you say?

#firstrepublic

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

#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/

#BankFailure #economics #economy #risk
@economics

[Economics Explained] on whether the recent bank failures mean that we're entering a new recession/depression
https://youtu.be/mCjRbHL3cOs

Also tackles the "Money Multiplier" myth that goldbugs, crypto bros, and libertarians love spreading on social media

#SVB #BankFailure #Recession

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

Graeme Keyes on #Credit_Suisse #BankingCrisis #bankfailure #cartoon - political cartoon gallery in London original-political-cartoon.com

#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

If you are interested in learning about the #SVB collapse, how #banks work, and how the government responded. Our latest podcast episode covers it all in 35 minutes. #BankFailure #FDIC video -https://youtu.be/KbIATusNIe8 podcast - https://broconvo.com/2023/03/19/the-failure-of-silicon-valley-bank/

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

Non-economist friendly 30 minute podcast about the bank thing going on in the US.

#banks #BankFailure #SiliconValley #capitalism #LateStageCapitalism #greed

https://www.nytimes.com/2023/03/14/podcasts/the-daily/silicon-valley-bank-failure-deposits-finance.html

Mir wurde vor Jahren mal erklärt, dass Spitzenmanager Millionensaläre kassieren, weil sie schliesslich auch eine Menge #Verantwortung auf ihren Schultern tragen müssen.

Aha, so sieht also diese Verantwortung aus: Die CS-Bank gegen die Wand fahren, Liquiditätshilfe vom Staat eingesacken und schliesslich dafür noch fette Boni abkassieren.

Da bin ich direkt froh, dass meine Verantwortung im Beruf, gemessen an meinem kleinen Salär, so gering ist.

#creditsuisse #ubs #bankfailure #tobigtofail

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

https://www.nau.ch/news/wirtschaft/credit-suisse-halt-trotz-ubernahme-durch-ubs-an-bonus-zahlungen-fest-66453378