⚯ Michel de Cryptadamus ⚯Mar 11

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 thread⚯ Michel de Cryptadamus ⚯Jan 28

@GottaLaff @KimPerales ivanka was even on the board of #SignatureBank, no doubt because of her financial acumen.

also not to be a dick but anyone like #Maddow doing political commentary in 2025 who "doesn't know what the #FDIC ever did to these people" is not even minimally informed about the events in the world around them and should probably not be doing political commentary. $0.02.

https://www.nytimes.com/2018/07/23/business/signature-bank-trump-kushner.html

#IvankaTrump #uspol #Trump

How a Small Bank Became a Go-To Lender to the Trump Family

Signature Bank’s close ties to the Trump and Kushner families have led to government scrutiny. New York regulators have opened an investigation.

The New York Times
Show thread⚯ Michel de Cryptadamus ⚯Jan 28
@GottaLaff @KimPerales (#SignatureBank was also the #Trump and #Kushner family bank)
Show thread⚯ Michel de Cryptadamus ⚯Jan 28

@GottaLaff the crypto bros are big mad about the collapse of #Silvergate and Signature banks (AKA "the big crypto banks"). the conspiracy theory they have about the #FDIC is called "Operation Chokepoint 2.0" if you want to look into it.

(the reality is that Silvergate and Signature banks were massive money laundering hubs, moving literally trillions of dollars a year in untracked funds outside of all money laundering regulations. they were both intimately connected to #FTX)

cc @KimPerales ICYMI

i published this 4 months before Signature Bank collapsed: https://cryptadamus.substack.com/p/signature-bank-ftx-and-trueusd-a

#SBNY #SI #SignatureBank #Crypto #OperationChokepoint #OperationChokepoint2

Signature Bank, FTX, Binance, and TrueUSD: A Tale of Questionable Judgement

If something is not "not illegal" then what is it?

The Cryptocalypse Chronicles
Philipp  Mar 1, 2024

💵🔥https://abcnews.go.com/Business/wireStory/new-york-community-bancorp-plunges-abrupt-departure-ceo-107711760

Anyone else got some #LehmanBrothers vibes?
#SignatureBank #NewYorkCommunityBancorp #NYBC

New York Community Bancorp plunges on abrupt departure of CEO and emerging internal controls issues

Shares of New York Community Bancorp are tumbling before the opening bell after the departure of the longtime CEO of the bank, which says it’s delaying filing its annual report as it deals with issues with its internal controls

ABC News
Matt MaisonDec 22, 2023

Signature Bank Portfolio Sold in Two Deals That Could Preserve Affordable Housing
The City - December 20, 2023

“The two deals will manage loans covering more than 2,000 apartment buildings and 70,000 rent-controlled or rent-stabilized units in every borough but Staten Island.”

https://www.thecity.nyc/2023/12/20/signature-bank-santander-community-preservation-corporation/

#RealEstate #CRE #SignatureBank #AffordableHousing
@realestate@a.gup.pe @realestate
@THECITY

Signature Bank Portfolio Sold in Two Deals That Could Preserve Affordable Housing

The FDIC will maintain controlling interests in $15 billion in mortgages once held by the failed bank as it turns to Santander and a community-focused consortium to manage loans covering hundreds of buildings across the city.

THE CITY - NYC News
Matt MaisonNov 8, 2023

Signature Loan Sale Likely to Lower Commercial-Property Values
The Wall Street Journal - November 7, 2023

“Most of Signature’s loans are performing. Nevertheless, the FDIC and Newmark Group, the real-estate firm running the sale, are going to have to sell them at discounts partly because they were made when interest rates were a lot lower than today.”

https://www.wsj.com/real-estate/commercial/signature-loan-sale-likely-to-lower-commercial-property-values-298edc31

#RealEstate #CRE #Multifamily #SignatureBank #WSJ
@realestate@a.gup.pe @realestate

Signature Loan Sale Likely to Lower Commercial-Property Values

The bank’s assets are expected to sell on average 15% to 40% below their original face amount

WSJ
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)
Tuck FrumpJun 8, 2023

#binance #crypto exchange commingled US and foreign funds by transferring them through accounts at now defunct #silvergate bank and #signaturebank

https://finance.yahoo.com/news/binance-moved-billions-us-bank-134421638.html

Yahooist Teil der Yahoo Markenfamilie

acemaxxMay 9, 2023
UST yields declined sharply following the #SiliconValleyBank and #SignatureBank failures, particularly for shorter-maturity securities, reports @federalreserve https://cutt.ly/u6pJc25
Financial Stability Report

The Federal Reserve Board of Governors in Washington DC.