Monday, March 13, 2023

History..

 


March began in an inauspicious way. The FDIC stepped in to close Silicon Valley Bank, a three-decade-old firm that held deposits from many startups and tech companies. Days later, the failure of Signature Bank.

Total assets held by FDIC-insured banks that have failed this year is $319 billion, ​ combined. 

Is there other banks that is on a shaky ground at this time?  

Is the fast increase of the bank interest rate by the Federal Reserve, has anything to do with this collapse?  

Earlier, the bankruptcy of Lehman holdings preceded the collapse of financial resources of 2008. The filing remains the largest bankruptcy filing in U.S. history, with Lehman holding over $600 billion in assets.

History may repeat itself. Just a thought.

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