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bank failures – XtremeCuztoms

Tag: bank failures

Regional Banks Scramble to Unload Commercial Real Estate Loans, Fearing New Crisis

The work-from-home trend has been taking its toll on office landlords and is now making its way through to banks’ commercial loan portfolios, leading some analysts to predict that more trauma could be on the way for regional banks this year. And in the current climate of bank failures, short sellers, and nervous depositors, banks…


What You Need to Know About the Recent Bank Failures Hitting the US

On March 10, Silicon Valley Bank (SVB) was shut down by banking regulators. This was the second-largest bank collapse in U.S. history, only behind the collapse of Washington Mutual in 2008 during the financial crisis. Signature Bank was shut down on March 12. First Republic Bank was seized by regulators on May 1. Worse yet,…


Ex-First Republic CEO Blames Failure on Collapse of Other Regional Banks, Says Regulators Did Not Raise Warnings

Former First Republic CEO, Michael Roffler, testified before House lawmakers on Wednesday, revealing that his bank fell victim to the widespread panic that ensued following the collapse of Silicon Valley Bank on March 10 and Signature Bank two days later. The events that unfolded as a result were beyond their control, he said. “No one…


Former First Republic CEO Blames Failure on Other Banks’ Collapse, Says Regulators Didn’t Raise Warnings

Former First Republic CEO Michael Roffler told House lawmakers on May 16 that the California bank fell victim to the widespread panic caused by the collapse of Silicon Valley Bank on March 10 and Signature Bank two days later. The events that unfolded as a result were beyond First Republic’s control, he said. “No one…


The Next Phase of the Banking Crisis

Commentary In the most recent failure in the banking sector, earlier this week First Republic Bank collapsed, was placed into Federal Deposit Insurance Corp. (FDIC) receivership, and had most of its assets sold to JPMorgan Chase. With some $232 billion of assets, this marked the second-largest U.S. bank failure ever, only surpassed by Washington Mutual…


PacWest Shares Fall More Than 55 Percent in After-Hours Trading As It Seeks Rescue

PacWest Bancorp (NASDAQ: PACW) shares fell more than 55 percent in after-hours trading on Wednesday following news that company executives were considering a potential sale. Bloomberg reported, citing anonymous sources, that the regional bank, which has been weakened by the failure of three California-based lenders, has been contemplating a number of strategic alternatives, including a…



‘Go Woke, Go Broke’

“Woke ideology was heavily subsidized because of this fundamental economic dislocation that was built into the system starting in 2008. And now, 17 years later, the whole world’s gone insane because woke ideology has taken over corporate America and education,” says Jeffrey Tucker, founder and president of The Brownstone Institute and the senior economics columnist for…


Chinese Media Claim Hong Kong is a Safe Place to Invest Amid Global Banking Crisis, Expert Disagrees

News Analysis Amid low investor confidence due to recent bank failures in the United States and Switzerland, Chinese state-owned media reported that many wealthy American and Swiss investors closed their onshore accounts and rushed to move their funds to Hong Kong. Financial analysts suggest that Hong Kong remains “an unsafe place” for asset holding and…


Are We Just Seeing the Beginning of the Banking Crisis? | Truth Over News

Silicon Valley Bank (SVB) failed in spectacular and sudden fashion on March 10, becoming the second largest bank to do so in our nation’s history and triggering a panic in our banking system in the process. Although virtually everyone knows of SVB’s failure, not everyone understands exactly why Silicon Valley Bank failed. Many have blamed…