Bitcoin Forum
May 31, 2024, 01:58:29 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Should we take the collapse of SVB and Credit Suisse as indicators of Woes Ahead  (Read 167 times)
Lucius
Legendary
*
Offline Offline

Activity: 3262
Merit: 5698


Blackjack.fun🎲


View Profile WWW
March 19, 2023, 11:26:09 AM
 #21

A few days ago I read that as much as $120 billion has been withdrawn from banks in the US since the beginning of this banking crisis. People are of course afraid for their money, especially those who have more than $250 000 and know that everything over that amount is not insured. I don't want to believe that bad history will repeat itself, but every day some bad news comes from the US, and the only positive in everything is that the price of BTC is rising, which suggests that part of the money leaving the banks ends up in BTC.

What I am particularly interested in is whether a bank will appear in the EU that will be in trouble, because Switzerland is in Europe, but is not part of the EU or the eurozone.

.
.BLACKJACK ♠ FUN.
█████████
██████████████
████████████
█████████████████
████████████████▄▄
░█████████████▀░▀▀
██████████████████
░██████████████
████████████████
░██████████████
████████████
███████████████░██
██████████
CRYPTO CASINO &
SPORTS BETTING
▄▄███████▄▄
▄███████████████▄
███████████████████
█████████████████████
███████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
███████████████████████
█████████████████████
███████████████████
▀███████████████▀
█████████
.
be.open
Copper Member
Hero Member
*****
Offline Offline

Activity: 2086
Merit: 903


White Russian


View Profile
March 19, 2023, 12:18:45 PM
 #22

What I am particularly interested in is whether a bank will appear in the EU that will be in trouble, because Switzerland is in Europe, but is not part of the EU or the eurozone.
Potentially problematic banks in the Eurozone - Deutsche Bank, Societe Generale, Credit Lyonnais. At the same time, one must understand that there is no bank in the world that is able to withstand a massive influx of depositors who want to cash out their deposits here and now. It's just that the existing architecture of the banking system does not imply full provision of depositors' funds with the bank's own capital. Therefore, the stability of the financial system in the Eurozone largely depends on the ability of the ECB to extinguish the panic with verbal interventions and prompt provision of additional liquidity to banks. Of course, in this case, many previous efforts to combat inflation will be crossed out.

be.open
Copper Member
Hero Member
*****
Offline Offline

Activity: 2086
Merit: 903


White Russian


View Profile
March 24, 2023, 04:09:47 PM
 #23

What I am particularly interested in is whether a bank will appear in the EU that will be in trouble, because Switzerland is in Europe, but is not part of the EU or the eurozone.
Potentially problematic banks in the Eurozone - Deutsche Bank, Societe Generale, Credit Lyonnais. At the same time, one must understand that there is no bank in the world that is able to withstand a massive influx of depositors who want to cash out their deposits here and now. It's just that the existing architecture of the banking system does not imply full provision of depositors' funds with the bank's own capital. Therefore, the stability of the financial system in the Eurozone largely depends on the ability of the ECB to extinguish the panic with verbal interventions and prompt provision of additional liquidity to banks. Of course, in this case, many previous efforts to combat inflation will be crossed out.
Deutsche Bank seems to have taken a steep dive, stocks are down 15% today, and credit default swap prices have skyrocketed.

Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!