I can't send money.
送金できない😢
#bingimagecreator #AIart #cat #Catart #illustration #子猫 #kitten #ネット銀行の日 #全銀ネット #全銀システム #銀行障害 #BankFailure
I can't send money.
送金できない😢
#bingimagecreator #AIart #cat #Catart #illustration #子猫 #kitten #ネット銀行の日 #全銀ネット #全銀システム #銀行障害 #BankFailure
Why wouldn't a bank keep your money in arbitrage for an extra few days? Pretend it is a technical error. The OCC, CFPB and Federal Reserve should be checking to see what Wells Fargo is doing with depositor money for those extra few days otherwise spent racking up false late fees.
Especially if it is being used to cover their reserve account, as that may indicate looming failure. #bankfraud #bankfailure
https://www.cnn.com/2023/08/03/business/wells-fargo-technical-issue-direct-deposits/index.html
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
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.
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/
Oh hey, was that just another #bankfailure ? A billion dollars, you say?
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/
[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
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
Poorer countries ask for $100 billion to mitigate climate change caused by the rich, and rich countries can't find the cash. But when 3 banks fail in a matter of weeks, the cash is ready at hand to bail them out!
#ClimateEmergency
#BankFailure
#SVB
#ClimateUrgency
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
The UBS purchase of Credit Suisse guarantees that UBS will not be allowed to fail, no matter what financial atrocities they may commit. We are creating an even more unstable global financial environment. #BankFailure #CreditSuisse #TooBigToFail
…to CBS’s Face the Nation…#SenatorWarren …no faith in San Francisco #federalreserve president #MaryDaly or #Fedchairman #JeromePowell.
https://www.theguardian.com/business/2023/mar/19/elizabeth-warren-us-bank-collapse-fed-chair-jerome-powell
#politics #economy #svb #USbank #bankfailure