Unlike #crypto collapses, the ongoing global #banking issues were mainly driven by the fragility of the whole model of traditional #banks, according to #Touag.

#Touag added that troubled #banks like #SVB often depend on jurisdictions in #Europe and the #United #States, while relying on this “tiny buffer” and expecting that “no one will pop up at the store asking for money.

According to #Touag, it’s the same story with bigger banks like #Morgan #Stanley or #JPMorgan, but people keep thinking that they are “too big to fail.”

“That's what happened with #SVB,” #Touag said, adding that #Silvergate’s issue was “a bit different.” 

#Touag stressed that #Signature was just taken over and his company used Signature this morning. He added:

#Touag stressed that #Signature was just taken over and his company used Signature this morning. He added

“That's what happened with #SVB,” #Touag said, adding that #Silvergate’s issue was “a bit different.” 

According to #Touag, it’s the same story with bigger banks like #Morgan #Stanley or #JPMorgan, but people keep thinking that they are “too big to fail.”

“That's what happened with #SVB,” #Touag said, adding that #Silvergate’s issue was “a bit different.” 

#Touag stressed that #Signature was just taken over and his company used Signature this morning. He added:

Unlike #crypto collapses, the ongoing global #banking issues were mainly driven by the fragility of the whole model of traditional #banks, according to #Touag.

#Touag stressed that #Signature was just taken over and his company used Signature this morning. He added:

#Touag added that troubled #banks like #SVB often depend on jurisdictions in #Europe and the #United #States, while relying on this “tiny buffer” and expecting that “no one will pop up at the store asking for money.

According to #Touag, it’s the same story with bigger banks like #Morgan #Stanley or #JPMorgan, but people keep thinking that they are “too big to fail.”

“That's what happened with #SVB,” #Touag said, adding that #Silvergate’s issue was “a bit different.” 

#Touag stressed that #Signature was just taken over and his company used Signature this morning. He added:

Unlike #crypto collapses, the ongoing global #banking issues were mainly driven by the fragility of the whole model of traditional #banks, according to #Touag.

#Touag added that troubled #banks like #SVB often depend on jurisdictions in #Europe and the #United #States, while relying on this “tiny buffer” and expecting that “no one will pop up at the store asking for money.

According to #Touag, it’s the same story with bigger banks like #Morgan #Stanley or #JPMorgan, but people keep thinking that they are “too big to fail.”

“That's what happened with #SVB,” #Touag said, adding that #Silvergate’s issue was “a bit different.” 

#Touag stressed that #Signature was just taken over and his company used Signature this morning. He added:

“That's what happened with #SVB,” #Touag said, adding that #Silvergate’s issue was “a bit different.” 

#Touag stressed that #Signature was just taken over and his company used Signature this morning. He added:

#Touag stressed that #Signature was just taken over and his company used Signature this morning. He added:

“That's what happened with #SVB,” #Touag said, adding that #Silvergate’s issue was “a bit different.” 

According to #Touag, it’s the same story with bigger banks like #Morgan #Stanley or #JPMorgan, but people keep thinking that they are “too big to fail.”

#Touag added that troubled #banks like #SVB often depend on jurisdictions in #Europe and the #United #States, while relying on this “tiny buffer” and expecting that “no one will pop up at the store asking for money.

Unlike #crypto collapses, the ongoing global #banking issues were mainly driven by the fragility of the whole model of traditional #banks, according to #Touag.

#Touag stressed that #Signature was just taken over and his company used Signature this morning. He added:

“That's what happened with #SVB,” #Touag said, adding that #Silvergate’s issue was “a bit different.” 

According to #Touag, it’s the same story with bigger banks like #Morgan #Stanley or #JPMorgan, but people keep thinking that they are “too big to fail.”

#Touag added that troubled #banks like #SVB often depend on jurisdictions in #Europe and the #United #States, while relying on this “tiny buffer” and expecting that “no one will pop up at the store asking for money.

Unlike #crypto collapses, the ongoing global #banking issues were mainly driven by the fragility of the whole model of traditional #banks, according to #Touag.

There are also many other reasons like greed, #especially seen among young and inexperienced investors, #Touag said. 

“It's lack of due diligence from the investors, lack of risk management from the players,” #Touag said, referring to collapses like #FTX. 

According to Woorton co-founder and head of trading #Zahreddine #Touag, the #FTX and Celsius-related meltdown in the #crypto industry has been triggered by different reasons than those that fueled the ongoing banking crisis.