futures io



2023 Bank Crisis and Meltdown: Silicon Valley Bank, Signature Bank, Credit Suisse ...


Discussion in Stocks and ETFs

Updated
      Top Posters
    1. looks_one Big Mike with 8 posts (22 thanks)
    2. looks_two SunTrader with 8 posts (3 thanks)
    3. looks_3 phantomtrader with 6 posts (15 thanks)
    4. looks_4 SMCJB with 6 posts (8 thanks)
      Best Posters
    1. looks_one bobwest with 7 thanks per post
    2. looks_two Big Mike with 2.8 thanks per post
    3. looks_3 AllSeeker with 2.7 thanks per post
    4. looks_4 phantomtrader with 2.5 thanks per post
    1. trending_up 4,867 views
    2. thumb_up 122 thanks given
    3. group 574 followers
    1. forum 65 posts
    2. attach_file 6 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 150,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

2023 Bank Crisis and Meltdown: Silicon Valley Bank, Signature Bank, Credit Suisse ...

(login for full post details)
  #31 (permalink)
 AllSeeker 
Legendary Pratik_4Clover
Mumbai, India
 
Experience: Beginner
Platform: TradingView & ZerodhaKite
Trading: NIFTY, BANKNIFTY
 
AllSeeker's Avatar
 
Posts: 1,358 since Jan 2019
Thanks: 5,036 given, 4,814 received

Signature Bank Closed by FDIC after BANK RUN

Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to AllSeeker for this post:

Can you help answer these questions
from other members on futures io?
DefineDLLFunc C++ Example
EasyLanguage Programming
NT lifetime commisons
Brokers
Trading instruments in different base currencies - how t …
Brokers
Interactive Brokers is going to offer Taiwan stocks
Brokers
About : All data must first be loaded by the hosting Nin …
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Big Mike in Ecuador
28 thanks
New NinjaTrader
18 thanks
futures io site changelog and issues/problem reporting
16 thanks
Unsubscribe from Threads
14 thanks
Not enough skin in the game?
10 thanks
 
(login for full post details)
  #32 (permalink)
 max13 
New York
 
Experience: Intermediate
Platform: Ninja Trader
Trading: 6e TF CL
 
Posts: 3 since Dec 2010
Thanks: 4 given, 6 received


bobwest View Post
By the time anyone reads this, if they don't get to it until tomorrow (Monday), things will probably have changed. But the news as of 6:00 PM-ish ET on 3/12/23 is that the feds are looking to make sure there is no general bank run on Monday morning. Bank runs are herd contagion phenomena, and when the herd panics the only thing that will slow the stampede down is for everyone to be able to go to the teller window and get their money. If they know they can, the panic ends.

So the news now is that the feds are holding an auction to see if a strong bank will buy the failed bank at a price that will allow the uninsured depositors to be able to get their money. The acquiring bank, if one is found, would ideally bid on the assets and inject the ready cash into the new bank that is formed, or however they structure it, ending the problem. If they can't find another bank to do it, the feds will have to pony up the money, which they can get from assessments to the other banks, if they have to.

The issue is that there could be an economy-wide bank panic if people in other banks start worrying that their money may be at risk.

If I were making bets, it would be that a way will be found.

Just checked the news again, a half-hour after the above, and here's where things stand now:


(https://www.nytimes.com/2023/03/12/business/janet-yellen-silicon-valley-bank.html )

However they do it, this is going to end the risk of a bank panic. All it takes is to know you will get your money, and the herd instinct is happy again.

I'm sure there will be much more, soon.

Bob.

Very nice update, well done Good Job…

Reply With Quote
The following user says Thank You to max13 for this post:
 
(login for full post details)
  #33 (permalink)
Symple
Zuerich / Switzerland
 
 
Posts: 923 since Sep 2021
Thanks: 1,091 given, 2,105 received


As always in all crises of the financial system in recent decades in the U.S.: The problem is also in this case with money printing under the table.

Perhaps one should take a look at the following picture. What do you see there? In private life, this is called insolvent and your business would be closed immediately .



Symple

Reply With Quote
The following 3 users say Thank You to Symple for this post:
 
(login for full post details)
  #34 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 6,362 since Feb 2012
Thanks: 5,954 given, 13,944 received

We need to see it in a larger context

Banks et al are derailing from time to time. And disappear when they cheat client and state.
Example - 2008 many banks went bankrupt or nearly so.
Switzerland 2008: UBS had to been saved by the government.
Switzerland 2023: Credit Suisse is in the same scheme.
US 2023: 3 banks went out of business
Coin department 2023: many coins are no longer in the markets

Means: BIG BIG losses for investors, bank clients, tax payers, continuation of the markets - you name it. Even the 'non investor' will be punished!
The devil sits in the seat and forces people to to take decision in the moment of indecision.

At this moment we are just @ the start of collapsing banks, institutes, brokers, derivatives, currencies international, gold dealers etc.

To compact it into one word: COLLAPSE

This cleaning of markets in every sense - be it banks, currencies, crypto's etc. - is very necessary. It takes quite a time until it is done. We as traders need to take all this into consideration.

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #35 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 6,362 since Feb 2012
Thanks: 5,954 given, 13,944 received

Who is constantly the loser in the game?

The normal trader as well as the investors that were counting on the 'proof of the pudding' those bankers were spreading in all channels.

So what should be done then?

In the good case, shareholders receive dividends, but in the bad case, it is not they who are responsible, but the public purse.

The free culture at the expense of the general public goes even further. Shareholders of systemically important banks have only rights, but zero obligations. In the good case, they receive dividends, but in the bad case, it is not them but the public that is responsible. The introduction of an obligation to make additional contributions would solve this problem. This would mean that the shareholders of systemically important banks would be obliged to increase the company's capital proportionately in emergencies or to be liable for losses incurred.

Another measure on the way to a healthier banking system are strict requirements for salaries and bonuses of top managers. The absurdly high bonuses in particular provide them with an incentive for mismanagement, poor controls, nonsensical restructuring, risky acquisitions and sales and, in the worst case, illegal machinations. It does not have to be a total ban on bonuses, as the political left demands. But a cap on wages and bonuses at systemically important banks is the very least.

So the answer is: STOP all those loudspeakers from the Banks! NOW

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #36 (permalink)
Trend Trader
Meridian, MS
 
 
Posts: 20 since Jan 2023
Thanks: 10 given, 27 received

US regulators failure? https://www.risk.net/regulation/7956250/missing-basel-metric-could-have-shone-light-on-svb-risks

Reply With Quote
 
(login for full post details)
  #37 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Broker: Collect them all
Trading: Equities, Futures & Crypto
 
Big Mike's Avatar
 
Posts: 50,284 since Jun 2009
Thanks: 32,819 given, 100,119 received

Pretty striking news about Credit Suisse.

Which bank is next? And where will the banking sector be in one year, five years? Is this another 2008 in the making?




Mike

We're here to help: just ask the community or contact our Help Desk

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Please support our community:
Lifetime Elite Membership: Sign-up for only $100 USD
Receive exclusive offers from our Site Sponsors: Browse Offers


Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to Big Mike for this post:
 
(login for full post details)
  #38 (permalink)
 AllSeeker 
Legendary Pratik_4Clover
Mumbai, India
 
Experience: Beginner
Platform: TradingView & ZerodhaKite
Trading: NIFTY, BANKNIFTY
 
AllSeeker's Avatar
 
Posts: 1,358 since Jan 2019
Thanks: 5,036 given, 4,814 received

Personally don't think this is going to be 2008 repeat.

But I do feel this could be quite a dent in economics of how banking system works.

By in large, average consumer will suffer, small industries will go bankrupt. All because they had too much faith in the system to work properly.

On an average, number of banks failing per year have gone down significantly after 2011 compared to before, but the kind of social media reach we have right now was not there back then, so we are at more risk of this spreading like a virus.

But its also not right to blame this on social media/bad press, core reason of this failure is greedy bankers, misplaced bets, breach of average investor trust and blatantly scammy inner workings of banks.

Restrictions need to be in place, we need to watch them more closely. Individuals need to be punished for playing ball with ppls hard earned money.

On a much smaller scale if an individual did this similar operation, then he would be in federal jail for financial crimes for decades.

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to AllSeeker for this post:
 
(login for full post details)
  #39 (permalink)
 lesterb 
Toronto, Canada
 
Experience: Intermediate
Platform: NT8
Trading: ES
 
lesterb's Avatar
 
Posts: 61 since Mar 2012
Thanks: 244 given, 81 received

Like him or don't like him but Charlie Gasparino has a lot of key senior financial contacts on Wall Street. His comments below:

"The problem is pretty obvious if you can read a balance sheet. Top financial executives have privately identified as many as 25 regional and mid-sized banks in the neighborhood of $15 billion to $200 billion in assets that are ripe for failure. The ill-fated Silicon Valley, Signature banks, and today’s latest headache, First Republic, are the festering sores that signal an even greater degree of banking rot.

On one hand, 25 mid-sized bank debacles sounds better than the vast 2008 financial collapse that began with Lehman Brothers bankruptcy and spread to our biggest banks and Wall Street firms.

It also sounds better than the scare number recently circulating – that nearly 200 banks are in danger of imploding. But not so much when you start adding up the assets and deposits that might be lost by the so-called “dirty two-dozen.” "

"The bankers I speak to aren’t sugarcoating anything and they are starting to panic. They’re looking at balance sheets, and throughout much of regional banking, they see the risky loans, the asset-liability mismatches that doomed SBV, Signature, and possibly First Republic. "

https://nypost.com/2023/03/20/janet-yellen-is-selling-bank-crisis-short-as-execs-fear-dozens-more-teeter-on-brink/

Reply With Quote
The following user says Thank You to lesterb for this post:
 
(login for full post details)
  #40 (permalink)
 Harveys 
brisbane queensland australia
 
Experience: Advanced
Platform: CQG
Trading: SPI 200futures
 
Posts: 9 since Jan 2017
Thanks: 5 given, 11 received


Hi everyone HarveyS here.
Can anyone please enlighten me as to the reason why all these very savvy intelligent banks and pension funds would invest funds in government 10,20 and 30 year bonds at zero interest rates,when even blind Freddy new that interest rates had only one way to go after reaching zero.This absolutely guaranteed that all these investments were guaranteed to be anything but safe.Who in their right mind would loan their money to someone for 30 years for nothing in return?These are the people who are in charge of the world.It doesn’t send a very good message to the average investor.So buckle up as I feel we are in for a very shaky ride,until we get more able and responsible people running the show.This is just my take on our world at this point in time.Am I being to critical.What are your thoughts?

Reply With Quote
The following 3 users say Thank You to Harveys for this post:


futures io Trading Community Traders Hideout Stocks and ETFs > 2023 Bank Crisis and Meltdown: Silicon Valley Bank, Signature Bank, Credit Suisse ...


Last Updated on March 28, 2023


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
     



Copyright © 2023 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts