'The market is playing hunt and destroy' with the banking sector. Who's next?

Signature Bank and First Republic also showed signs of financial stress and, again, help was made available – including financial assistance by Wall Street investment banks in the latter's case.

The fear is higher net wealth customers, with large deposits not wholly covered by insurance, will abandon the regional banks for the bigger players on Wall Street. In the days prior, Credit Suisse's share price had crashed and other European banks indicated they would require up-front payments in their dealings with the bank.At a weekend press conference, Credit Suisse chair Axel Lehmann told reporters the "latest developments that emanated from the banks in the US hit us at the most unfavourable moment."

When you refer to anonymous business insiders and talk about the possible collapse of a bank, in a critical moment for the bank, you can create a negative momentum on social media that makes clients withdraw their money. DaveTaylorNews and CreditSuisse is an ominous example.

Woke banking caused all this... Top 100 most influential Women, Enjoy.👇🤢

Incorrect. It’s the crypto scammers and their droves of online trolls pushing this narrative. Why? So they can lure more naive people to gamble their savings into crypto. Crypto is the problem, and we must put an end to it!

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There’s been ‘gains’ across the US marketThere’s been “gains” across the United States market, according to CommSec’s Craig James. “The Dow Jones up 350 points or 1.1 per cent, the broader market is up by around seven-tenth of one per cent and the Nasdaq up by three-tenth of one per cent,” Mr James told Sky News Australia. He said there were also gains in Europe, with its market up 1.1 per cent. Presented by CommSec. Probably in fish markets! But we are yet to see the mother of all crashes soon! All planned by the way👿 The debt crisis has only just begun to play out. Not just banks will become insolvent but now countries. Australian government debt for example now exceeds annual GDP and is going ballistic! That's fantastic to 'hear'. Great work, James.
Source: SkyNewsAust - 🏆 7. / 78 Read more »