Banks had a meltdown. What comes next? | CNN Business

The fallout from this month’s banking turmoil — the surprising bank runs and collapses of Silicon Valley Bank and Signature Bank — has been widespread. In its wake, the global banking system has been shaken. Credit Suisse and First Republic: Two more banks wobbled but remained upright through the week. Beleaguered megabank Credit Suisse announced last week that it will take up to $53.7 billion in support offered by the Swiss central bank to stay afloat.

“The sharp increase in banks’ emergency borrowing from the Fed’s discount window speaks to the funding and liquidity strains on banks, driven by weakening depositor confidence following one bank winddown and two bank failures,” wrote Moody’s analysts last week. The data, they said, is “in line with Moody’s negative outlook on the US banking system.” Stay vigilant, but don’t panic: So what’s a worried investor, or bank customer, to do? Stay calm, but vigilant, say analysts.

What comes next is a convoluted attempt by the government along you fascists pukes to try and nationalize the banks.

I Think I Speak For All Americans When I Say We Should Help Build Back The Banks

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Bonuses for execs, doing quite well under Joe.

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All woke banking - go woke go broke

Bailouts to wall street paid by small workers through inflation

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Contagion? CHOKEonTHAT

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Источник: CNN - 🏆 4. / 95 Прочитайте больше »

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Источник: CNN - 🏆 4. / 95 Прочитайте больше »

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