/biz/ - Business & Finance

>>54235642
>I'm suspicious that this many major banks are suddenly failing at once

>SVB and FRC held long-term bonds while interest rate rocketed.
>Silvergate and Signature Bank (and also SVB) badly invested in crypto
>Debit Suisse badly invested in Greensill Capital and got snookered in Archegos
Each has a reason (or two). But most banks are probably holding long dated Treasuries at losses, and maybe "held to maturity" so the losses aren't on the balance sheet.

>>54185864
Read my posts. They're about CS, not about banks in general.
Yes, the current Financial Crisis II is going to be way bigger than the previous "Great" Financial Crisis.

>>54167136
>Every bank is locking arms together to stop this fallout
Yeah, it's interesting that JPM, BAC, C, WFC, GS, MS, BK, PNC, USB, and TFC are kicking in to bail out FRC. Wasn't the Fed created precisely so this wouldn't have to happen?

From Barron's (sorry, pay walled):
>“Imagine if Janet Yellen called Walmart, Costco, Target and Amazon and encouraged them to buy stuff from another retailer, whose business has been teetering, each month to keep them alive,” Boockvar wrote, noting that the minimum term of the deposits is 120 days.
>That allows the bank to “fight another day,” according to Evercore ISI analysts, but amounts to a “temporary solution.”