にゃんむす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
1337 $#!+ I did thatWhy 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
Hippy SteveHeartland 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
Econ-IntelWith 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.
LAURENNot 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
jergyUS Bank Failures 2001 to May 2023
https://www.reddit.com/r/dataisbeautiful/comments/134x1kz/oc_us_bank_failures_inflation_adjusted/
beSpacificIn 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
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/
Bank borrowings from the Federal Reserve surrounding the bank failures of Silicon Valley Bank and Signature Bank.
Shows the Federal Reserve's lending to banks surrounding the time period of the Silicone Valley and Signature Bank failures. On March 8th, the Fed was lending $4.4 billion to banks. The following week, that figure had grown by $140.6 billion and the Fed was lending $145 billion to banks. A week later, March 22nd, the Fed extended another $185.1 billion and was lending $330.2 billion. These figures do not include any lending related to the Paycheck Protection Program.
Bornach[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
