If they have the solution, why are banks still failing?

[Kadal Ijo]

It can be said that banks play an important role in the economy. The easy thing is that we can see from the amount of credit that banks give to entrepreneurs. When they give credit, they can get interest of 15 to 20 percent per year, while they give interest to consumers only 8% per year.

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[bangjoe]

I think it's very natural that in business there are accidents and then they fail, even though the bank. even we ourselves must have witnessed many failed businesses, and not the least of which were banks that went bankrupt or they disappeared with customer money. even if it's the greatest bank in the world, I'm sure they can fail, because of that we can't stick to one solution in solving problems.

Yes, that's the reality, that banks can go bankrupt, then where you can save the value of your assets and diversify it, if not bitcoin as a solution, they manage a lot of money and they are destroyed by money, fatal mistakes in managing the company's finances any company can sink, including basing as a service industry finance.
Unfortunately there is no solution even if you get help, because indeed the loss due to the negligence of SVB is very high and customers draw massively, so to cover from bankruptcy.

What is clear is that we have to learn from what happens to SVB, saving money in banks in addition to being affected by inflation and the cost of storage services also has the potential to lose money when bankruptcy occurs in other banks like this.

[robattfield]

I think greed and bankruptcy exist not only in the banking sector but also in the crypto industry. Excessive greed and risk-taking can actually lead to financial losses and negative outcomes for individuals or businesses engaged in any financial endeavor, including cryptocurrency. Cryptocurrencies, while offering potential opportunities, also come with their own risks, including market volatility, regulatory uncertainty, and cybersecurity threats. Engaging in speculative or overly risky behavior without proper knowledge and risk management can lead to financial failure.

On the other hand, the failure of a bank can have serious consequences, affecting not only the bank but also its customers, employees, and other stakeholders. Restoring the reputation of individuals or businesses involved in a failed bank can be challenging. In both traditional banking and the crypto space, it is important for individuals to educate themselves, understanding the risks involved in their finances.

[nesty]

Banks still continue to fail despite of having solutions in place, one of the main reasons is the ever revolving landscape which makes it difficult for banks to keep up with changing regulations, technologies, and customer needs. Another reasons is the increasing competition from non bank financial institutions, which is often more agile and innovative than traditional banks. Banks face several challenges in implementing their solutions effectively. Some banking systems and outdated technology can hinder their ability to offer modern banking services and products. Banks need to balance the need for profitability with customer satisfaction which can be a delicate balancing act. While banks have solutions in place to address many challenges, implementing them effectively and navigating the complex financial landscape remains a challenge.

[Fiatless]

Some banks have political connections. The owner of the bank might be a politician or have sympathy for a political party. So they can give uncollateralized loans to politicians to fund elections. It becomes a bad debt if such a politician losses the election. This will make the bank face some problems. Another political influence is that the ruling party can decide to witch-hunt a bank that is connected to an opposition party. They will come up with different allegations just to ensure that the bank falls. The best form of banking system will always be a decentralized one that is not connected to any country or government. This is why Bitcoin remains the best option because it is transnational and doesn't depend on any government to operate.

[woez]

Some banks have political connections. The owner of the bank might be a politician or have sympathy for a political party. So they can give uncollateralized loans to politicians to fund elections. It becomes a bad debt if such a politician losses the election. This will make the bank face some problems. Another political influence is that the ruling party can decide to witch-hunt a bank that is connected to an opposition party. They will come up with different allegations just to ensure that the bank falls. The best form of banking system will always be a decentralized one that is not connected to any country or government. This is why Bitcoin remains the best option because it is transnational and doesn't depend on any government to operate.

Regardless of what the OP said and What's worse, bank owners trade their customers' money into digital assets or stocks. with reason to play first. if it's ok, the rotation rotates and what happens if the price drops or collapses at that time. Customers wonder why we can't withdraw our money. Yes. They have everything they need because it is stored in their database and if we use crypto this is the difference as you say OP. Yes, everything wants to be easy and safe.

[usekevin]

I think greed and bankruptcy exist not only in the banking sector but also in the crypto industry. Excessive greed and risk-taking can actually lead to financial losses and negative outcomes for individuals or businesses engaged in any financial endeavor, including cryptocurrency. Cryptocurrencies, while offering potential opportunities, also come with their own risks, including market volatility, regulatory uncertainty, and cybersecurity threats. Engaging in speculative or overly risky behavior without proper knowledge and risk management can lead to financial failure.

The bankruptcy is not the phenomenon of the crypto industry.Because when the bank doesn’t have money to settle the investor,it will get the help of the central bank.If the crypto project was closed,then no central bank is their to support the project dead.When you want to get more money,you can hold till the all time high.But with your greedy,you should not take advantage and hold till the project ends.It will make you to lose all your investment with the fake trust.