Discover and read the best of Twitter Threads about #bankcrisis
Most recents (3)
“If the U.S. government ... is now standing foursquare behind all bank deposits in the country, we, the people, should get something in return.”
See @monthly @CarterD about what we need for a stable, fair and equitable financial system. 🧵1/14 washingtonmonthly.com/2023/05/22/a-n…
See @monthly @CarterD about what we need for a stable, fair and equitable financial system. 🧵1/14 washingtonmonthly.com/2023/05/22/a-n…
“[T]he explicit guarantee extended to the globally systemic banks is now extended to everyone,” said Renita Marcellin (@aphisha28)of @realBankRefrom. “We have this implicit guarantee for everyone, but not the rules and regulations that should be paired with [them].” 2/14
What do we need? How about a stable banking system, “essential services—such as deposits, money transfers, and credit—on a universal basis,” and “a strong role for regulatory agencies that protect consumers from abusive practices.” 3/14
1/ Tijd voor een draadje over de #bankencrisis.
In een korte periode zijn er 4 banken omgevallen, zijn er 3 vangnetten verstevigd, en slaat de aandelenbeurs alarm in de vorm van gedaalde koersen.
Wat is er aan de hand?
In een korte periode zijn er 4 banken omgevallen, zijn er 3 vangnetten verstevigd, en slaat de aandelenbeurs alarm in de vorm van gedaalde koersen.
Wat is er aan de hand?
2/ Bij een bank denk je waarschijnlijk aan financiële diensten als betalen, sparen, lenen, en beleggen. Maar hun belangrijkste product is vertrouwen.
Dat komt omdat de manier waarop banken geld verdienen ervan afhankelijk is. Dat zit zo.
Dat komt omdat de manier waarop banken geld verdienen ervan afhankelijk is. Dat zit zo.
3/ Wanneer je geld stort bij een bank, geef je het eigendom op en heb je er alleen nog een vordering op. Banken lenen of investeren jouw geld om winst te maken.
De crux: ze zetten liquide activa, het gestorte geld, om in langlopende bezittingen zoals aandelen en obligaties.
De crux: ze zetten liquide activa, het gestorte geld, om in langlopende bezittingen zoals aandelen en obligaties.
🆘SVB Financial $SIVB collapse explained 🥵
~ Just 24 hours ago $SIVB was trading at over $260/share it hit a low of $33.40 today
~ It is currently halted after being shut down by regulators & taken over by the FDIC
~ Largest bank failure since 2008
#banks #financialcrisis
🧵⤵️
~ Just 24 hours ago $SIVB was trading at over $260/share it hit a low of $33.40 today
~ It is currently halted after being shut down by regulators & taken over by the FDIC
~ Largest bank failure since 2008
#banks #financialcrisis
🧵⤵️
🚨 What happened? Here's the $SIVB story
~ Silicon Valley Bank parent company SVB Financial Group has collapsed after disclosing large losses from securities sales & a stock offering meant to provide a boost to its balance sheet
#BankCrash
🧵⤵️
~ Silicon Valley Bank parent company SVB Financial Group has collapsed after disclosing large losses from securities sales & a stock offering meant to provide a boost to its balance sheet
#BankCrash
🧵⤵️
⏺️ $SIVB helps fund technology startups backed by venture-capital firms
~ Rising interest rates, fears of a recession & a slowdown in the market for initial public offerings has made it harder for early-stage companies to raise cash
~ This led firms to draw down on their deposits
~ Rising interest rates, fears of a recession & a slowdown in the market for initial public offerings has made it harder for early-stage companies to raise cash
~ This led firms to draw down on their deposits
