It continues - San Francisco-based First Republic Bank is facing collapse. The 30 billion lifeline has failed and its shares crashed 43 per cent by the close of trade on Friday. If it winds up, it will be the third bank collapse in the US this year. The First Republic collapse is set to be the second-largest bank to fail in US history, in a sign that credit markets are showing signs of seizing as a result of the aggressive [interest rate] tightening cycle from the [Federal Reserve] and global central banks.Edited 30-Apr-23 10:03am

For every seller there is a buyer and every buyer there is a seller. One made the right choice/decision and the other ............. not.

Already this week, big U.S. banks had to swoop in with a $30 billion lifeline for smaller lender First Republic, while U.S. banks altogether sought a record $153 billion in emergency liquidity from the Federal Reserve in recent days. That surpassed a previous high set during the most acute phase of the financial crisis some 15 years ago. This reflected "funding and liquidity strains on banks, driven by weakening depositor confidence," said ratings agency Moody's, which this week downgraded its outlook on the U.S. banking system to negative.Edited 18-Mar-23 09:40am

Shares in major investment bank Credit Suisse plunged by 24 per cent overnight as the financial institution teetered on the brink. Trading in Credit Suisse, the world’s seventh largest investment bank, was suspended several times as the stock plummeted, sparking a worrying ripple effect as shares in other European banks also plunged. Stocks in the Swiss bank fell to 1.68 Swiss francs – the lowest price in its history.Edited 16-Mar-23 09:47am

Dear Rewardians! Please, be respectful to other members at all times. We want to make sure that Rewardia Community has the ability for everyone to have a safe, positive, and inclusive experience. Thank you!Edited 15-Mar-23 15:24pm

Now, how many of you here have heard of a gentleman called Joseph Gentile? Not many I would wager. Mr Gentile was CAO of Lehman Bros up to 2007, one year before it collapsed, and the start of the GFC. Mr Gentile is now the CFO of SVB, and you might be forgiven for thinking, maybe, just maybe, that is a damn big coincidence. And here is another juicy little tidbit. An investment advisory service called FN Arena ran a story on the collapse and the reasons behind it and had this to say, among other things, and I quote: “Another interesting fact is SVB seem to have exploited a change in the regulatory requirements by former President Trump in 2018.”Edited 15-Mar-23 13:30pm

Trump rolled back the Dodd-Frank regulations put in place by the Obama Govt after the GFC, which required banks to hold enough funds to pay depositors in full. Now the banks have gone back to their old habits and been caught out by the aggressive interest rate rises. You can lay this latest debacle squarely at Trump’s doorstep, yet almost half the people in the USA want him back… What does that say about the intelligence of slightly less than half the population of the USA.

due to the oncoming global recession, the government has announced that the light at the end of the tunnel will be turned off to try and save some energy

One, only ONE small bank - Silicon Valley Bank is having financial problems and this (that) bank HAS NOT closed its' door. Two, it is not unusual for a few banks in the USA to collapse 'every' year - this is the first bank in the USA to have financial issues in six hundred 'days' which makes it stand out. If you have an account with Silicon Valley Bank and your account is not over $250,000 dollars you are insured and will get $250,000 dollars back from F.D.I.C. (a federal agency). The bank in question over-extend itself by making questionable loans to high-tech start-up companies without locking down real (physical) assets. The high-tech start-up companies are in trouble - not Silicon Valley Bank. FYI: The USA and the world survive the Banking Scandal of 2008 - 'one bank' - Silcon Valley Bank' issues is not going to cause a domino. effect and bring down the banking industry in the USA. However, it is a public relations nightmare, and the "feds" (aka federal government banking oversight agency) royally mishandled the Silcon Valley Bank situation.Edited 15-Mar-23 05:56am

What has gone wrong with the entire system? A Business which had assets of a reported $US200 BILLION suddenly goes to the wall overnight. Another involved with something to do with cryptocurrencies went to the wall in the USA which was reported to have had assets worth $US15 billion - in anyone's language that is a lot of money and it all disappeared, seemingly, overnight. We are told that businesses in particular in the Construction industry in China, also worth many billions, have also gone. Construction companies, large and small, are reported to have gone broke during the last 12 months right here in Australia. Why? It seems like a never ending cycle of financial collapses and no-one is doing anything to stop it. At the same time have a look at Australia's Debt position - and no, I do not mean private individuals I mean Federal, State, Territory and Local Council Governments and the massive Debts those, allegedly, running the shows, the Politicians, have created. The Federal Government of Australia, has a reported Debt of close to One Trillion Dollars and still they keep borrowing and spending money they don't have. The other States and Territories each have Debts of many 10s of Billions, Local Councils are also up to their ears in Debt and they all just keep on borrowing, borrowing and spending money they simply do not have. It is almost inevitable that at some stage, and it may not be far away, that those who have been lending all this money will be legally able to call in those debts. Just what do you think would happen if the TRILLION Dollar Debt the Federal Government has is suddenly called in? One thing we do know is that our politicians will take no responsibility. Australia is squandering hundreds of billions on Defence with even more to be added when/if those Nuclear Submarines ever become a reality and, as both Local and Foreign Experts have been telling us for years All of it will be Obsolete long before any of it is Fully Operational. Our erstwhil Prime Minister has told us that the first of the US Nuclear Submarines will not arrive until, at least the mid 2030s! Do they really think their as yet unnamed attacker will simply wait until Australia is ready? Of course they won't.Edited 13-Mar-23 08:00am

California-based Silicon Valley Bank collapsed on Friday morning after it suffered a bank run and capital crisis. SVB was the second-largest banking failure in US history, yet nobody saw this coming. As recently as Wednesday, all seemed well at the respected bank. Then it surprised investors with news that it needed to raise $2.25billion (£1.875bn) to shore up its balance sheet, and all hell broke loose. Terrified depositors and investors raced to pull their money, causing a run on the bank. Yesterday, regulators shut it down before more damage was done.SVB isn’t the only US financial institutions to go to the wall this month. Its collapse came two days after Federal Reserve member bank Silvergate went into liquidation, after racking up huge losses on crypto trading. The big question now is how far the contagion spreads. Billionaire hedge fund manager Bill Ackman has terrified everybody by comparing SVB to Bear Stearns, the first lender to go under at the start of the global financial crisis in March 2008. “The risk of failure and deposit losses here is that the next, least well-capitalised bank faces a run and fails, and the dominoes continue to fall,” he wrote on Twitter. Ackman is not the only one to draw parallels with the 2008 banking meltdown. It could be starting again. 2008 revisited. Hang onto your hats! Edited 13-Mar-23 06:58am

It’s the warning signs and they have 99 years to return customers lost money besides it’s legal for banks to steal your money it’s called bail in that’s not lost money though Edited 13-Mar-23 05:07am

I'd love to see my bank suffer... I will just sit down and enjoy it.... they deserve it.... Edited 13-Mar-23 01:09am