⚯ Michel de Cryptadamus ⚯Mar 11, 2025

New paper from #Yale and the #FederalReserve blames the 2023 banking crisis on (you guessed it) #crypto and Nerd Reich #VCs.

> "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: #crypto firms and [tech] venture capitalists."

* American Banker: https://www.americanbanker.com/news/new-paper-hangs-march-2023-failures-on-business-model-risks
* Paper: https://www.chicagofed.org/publications/working-papers/2025/2025-04

#SiliconValleyCalif #SVB #SBNY #SignatureBank #FirstRepublic #a16z #Broligarchs #NerdReich #uspol #banking #finreg #Silvergate

Crypto and VC firms led to SVB's failure, researchers say

New research on the failures of Silicon Valley Bank and other regional banks in 2023 points to cyclicality of venture capital and the volatility of crypto as bigger factors than uninsured deposits or unrealized losses.

American Banker
Show threadNonilexApr 26, 2024

After the break, the People call #GaryFarro to the stand as the 3rd #witness.

#Farro was a banker at #FirstRepublic when #MichaelCohen was seeking to arrange the $130k #HushMoney payment to #StormyDaniels. Cohen, seeking the money, was contacted by Farro's asst.

Rebecca #Mangold will question Farro for prosecution. She’s been on the team several yrs, & typically sits w/Chris #Conroy, another prosecutor, behind the main table.

#criminal #law #Trump #TrumpTrial #ElectionInterference

Teene ZahidSep 15, 2023
#GreatDepression2024-2:
@federalreserve losses=#USD~100b+ & counting!
@FDICgov liabilities=#USD~15b+ & counting!
Given @ubs' less-than-stellar numbers post-#CreditSuisse, what are the prospects of:-
@Hsbc (post-#SVB)
@flagstar (post-#SignatureBank)
@JPMorgan (post-#FirstRepublic)
Show threadHistoPol (#HP) 🏴 🇺🇸 🏴May 29, 2023

@guacamayan
@Atticus1956

(1/2)

All I am saying is that if two small bank collapses (#SVB, #FirstRepublic, (1)) and a bigger one averted (#CreditSuisse (2)) on another continent can cause a ripple effect in the international banking system, the impact of a #SovereignDebt default by the world's leading economy would probably be comparable to the impact of a #meteor.(3)

Lawmakers don't...

Political IQMay 16, 2023
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
Execs From Failed Banks Testify Before Senate - Political IQ

Executives from two of three recently failed banks testified before the Senate Banking Committee Tuesday about their collapses.

Political IQ
Effimera - Rss BotMay 15, 2023
DIARIO DELLA CRISI | Il panico finanziario da contagio digitale – di Christian Marazzi https://effimera.org/diario-della-crisi-il-panico-finanziario-da-contagio-digitale-di-christian-marazzi/ #crisidasovrapproduzionedigitale #accumulazionecapitalistica #politicamonetaria #SiliconValleyBank #Diariodellacrisi #ChristianMarazzi #diariodellacrisi #digitalizzazione #sovrapproduzione #tassid'interesse #tassidiinteresse #crisipandemica #debitopubblico #crisibancarie #FirstRepublic #liberomercato
PatMay 5, 2023

-
It's a Wonderful Life

Bank Run

#svb #FirstRepublic #WesternAllianceBancorp #JPMorgan #GoldmanSachs #FDIC #Fed #corruption #confidence #BeenThere #DoneThat
#revolution

Poetry NewsMay 5, 2023

Though First Republic sold
No outflow from Western Alliance
Peace in banking world

#firstrepublic #westernalliance #banking #jpmorganchase #haiku #poetry

https://www.reuters.com/markets/us/western-alliance-says-no-unusual-deposit-outflows-after-first-republic-sale-2023-05-04/

Western Alliance says no unusual deposit outflows after First Republic sale

Western Alliance Bancorp <a href="https://www.reuters.com/companies/WAL.N" target="_blank">(WAL.N)</a> said on Wednesday it had not experienced unusual deposit outflows following the sale of collapsed lender First Republic Bank to JPMorgan Chase & Co <a href="https://www.reuters.com/companies/JPM.N" target="_blank">(JPM.N)</a>, as the U.S. regional bank sought to reassure investors.

Reuters
Poetry NewsMay 3, 2023

Banks hit hard by fall
of First Republic's demise
Investors in shock

#banks #firstrepublic #investment #usmarkets #haiku #poetry

http://www.bbc.co.uk/news/business-65461930

US bank shares slide after First Republic rescue

Shares in several regional banks have dropped sharply, a day after the collapse of First Republic.

BBC News
Jesse SkinnerMay 3, 2023

Funny how "second biggest bank failure in US history" is a buried headline, as if it's just some technical detail only business insiders would be interested in. Nothing to see here, folks! Everything's going great!

#FirstRepublic #bank #economy