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
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

Fed faces bank collapse and debt ceiling fears as it prepares to raise interest rates for the 10th time 👇💸💸🫰

https://fortune.com/2023/05/03/fed-faces-bank-collapse-debt-ceiling-fears-prepares-raise-interest-rates-10th-time/

#economy #bankcollapse #banking

Fed faces bank collapse and debt ceiling fears as it prepares to raise interest rates for the 10th time

The wide range of potential outcomes could provoke divisions among Fed officials, even as they're expected to raise rates to 5.1%, the highest in 16 years.

Fortune
First Republic stock continues free fall amid mounting worries

Fears are swirling that it could be the third bank to fail after the collapse of Silicon Valley Bank and Signature Bank.

CBS News
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
Binance's US arm struggles to find bank to take its customers' cash, Wall Street Journal reports

The U.S. arm of cryptocurrency exchange Binance is struggling to find a bank to handle its customers' cash after the failure of Signature Bank <a href="https://www.reuters.com/companies/SBNY.PK" target="_blank">(SBNY.PK)</a> last month, the Wall Street Journal reported on Saturday, citing people familiar with the matter.

Reuters

The Crypto Vigilante Virtual Banking Collapse Emergency Roundtable

https://dev.dollarvigilante.tv/videos/watch/ef5fdfdd-ed03-4458-bb32-45c97d3aff36

The Crypto Vigilante Virtual Banking Collapse Emergency Roundtable

PeerTube
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
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