Mastodawn

🎩 Oh joy, another stroll down Financial Disaster Lane! 💰 Let's reminisce about the riveting 1924 New Mexico banking panic, because clearly, nothing screams Labor Day fun like century-old banking crises! 🏦🔍 Also, remember SVB's epic tumble? Yeah, we read about it a thousand times already. 🌪️📉
https://nodumbideas.com/p/labor-day-special-the-1924-new-mexico #FinancialDisaster #NewMexicoBankingPanic #SVBCollapse #LaborDayHistory #BankingCrisis #HackerNews #ngated

The 1924 New Mexico regional banking panic

A change in tone for Labor Day Weekend: let's revisit a century-old banking panic. Back to normal programming next week

No Dumb Ideas

Yonhap Infomax News Oct 16

U.S. stocks closed lower as renewed concerns over regional bank loan defaults triggered a sell-off, with major indices posting sharp declines reminiscent of the 2023 SVB collapse.
#YonhapInfomax #RegionalBanks #USStocks #LoanDefaults #SVBCollapse #MarketDecline #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=85953

[New York Stock Market - First Report]Regional Bank Failures Emerge—Markets Close Lower

U.S. stocks closed lower as renewed concerns over regional bank loan defaults triggered a sell-off, with major indices posting sharp declines reminiscent of the 2023 SVB collapse.

Yonhap Infomax

Ben Lorica 罗瑞卡 Apr 19, 2023

First responders in the financial system 🚨 @WSJ describes what happened when Tim Mayopoulos and Greg Carmichael were called in to run Silicon Valley Bank and Signature Bank while the FDIC tried to stabilize a banking crisis
#SVBCollapse #SVBBank
https://www.wsj.com/podcasts/the-journal/two-executives-on-what-it-like-to-stop-a-bank-run/4698969F-2803-4752-ADD2-E4DF726024FE

Two Executives On What It's Like to Stop a Bank Run - The Journal. - WSJ Podcasts

In 2017 the FDIC created a pool of banking veterans who would step up to help in the event of another financial crisis. For years, no one needed them. That changed last month when Tim Mayopoulos and Greg Carmichael were called in to run Silicon Valley Bank and Signature Bank while the FDIC tried to stabilize a banking crisis. Further Reading: -Collapse of SVB, Signature Bank Tests the FDIC’s Executive Reserve Corps -Help Wanted: Regulators Seek Executives to Staff Failed Banks -Signature Bank Is Shut by Regulators After SVB Collapse -Silicon Valley Bank Closed by Regulators, FDIC Takes Control Further Listening: -Can the Government Contain a Banking Crisis

The Wall Street Journal

tanya tussing Apr 18, 2023

1/2 Last night, I watched this talk: Understanding Recent Bank Failures with Dr. Bill Black

https://youtu.be/n4axBfNjnZQ

IMO, it was very good, but very technical. I thought he made a lot of good points. Do either of you know of an article for non-academics that covers the points he makes, @DeanBaker13 @ryanlcooper ?

I think he does a good job of describing how and why our bank regulatory regime leads to failures. A key point to me is that the system...

#DrBillBlack #SVBcollapse #BankRegs

Understanding Recent Bank Failures with Dr. Bill Black

YouTube

Sir Rochard 'Dock' Bunson Mar 31, 2023

First Citizens Bank, the buyer of Silicon Valley Bank's assets, is run by a billionaire North Carolina family that's bought over 20 failed banks since 2008, per BI.

Using your family's slave labor tobacco fortune to purchase failed banks across the nation is how stolen labor from hundreds of years ago affects wealth and the economy today.

It's redlining as monetary policy.

#SVBCollapse #Economic #Racism

Political IQ Mar 29, 2023

#Biden to Call for New #Banking Regulations in Wake of #SVBCollapse https://politicaliq.com/2023/03/29/biden-to-call-for-new-banking-regulations-in-wake-of-svb-collapse/ #bankingcollapse #SiliconValleyBank #SignatureBank #FederalReserve #Congress #politicaliq #news #politics

Biden to Call for New Banking Regulations in Wake of SVB Collapse - Political IQ

The White House is reportedly set ready to call for new federal banking regulations for midsized banks in the wake of SVB's collapse.

Political IQ

Public Bank East Bay Mar 25, 2023

Build Public Banks as Response to SVB & Signature Bank Failures, by @nathansnewman
#PublicBank #PublicBanking #SVB #SVBcrash #SVBcollapse #SVBBank #SVBfail
https://open.substack.com/pub/nathannewman/p/build-public-banks-as-response-to?utm_campaign=post&utm_medium=web

Build Public Banks as Response to SVB & Signature Bank Failures

Regulation is needed - but even better is an alternative to better support local businesses and communities

Left Future

BD Mar 23, 2023

Ooph.

"It turns out the bank that failed this month had quietly operated without a chief risk officer for much of the past year... SVB’s alarming exposure to rising interest rates wasn’t hard to see coming and should have been easy to hedge against... risk doesn’t have to be excessive or exotic to be existential."

"Tech’s favorite bank failed because its risk management did first."

https://www.wsj.com/articles/svb-silicon-valley-bank-collapse-chief-risk-officer-f6e1fcfd

#riskmanagement #chiefriskofficer #svbcollapse

Chief Risk Officer: The Most Thankless Job in Banking

Before the money started fleeing SVB, the company operated without a chief risk officer for much of 2022. When success means averting danger, it’s hard to notice when someone’s not on the job until it’s too late.

The Wall Street Journal