Will we see more banks collapse in 2023?

by BoatSurfer600

Obviously. Rates started to go up a year ago. It takes that long for all the banks short term loans/treasuries to come due/payout. The can not borrow fresh loans below the interest rate the long term loans they made. Result: they loose liquidity and money. Once they loose money, people/companies withdrawal their deposits. bank run and they all fall down.

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The former CEO of the collapsed lender Silicon Valley Bank (SVB) has said he was “truly sorry” for what he called the “devastating” collapse of the bank that triggered the worst banking crisis since 2008.

Speaking at a Senate banking committee hearing on Tuesday, Greg Becker said he believed the bank was responsive to regulator concerns about managing risk and working to address issues before an “unprecedented” bank run led to its failure.

www.theguardian.com/business/2023/may/16/silicon-valley-bank-collapse-ceo-apologizes

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