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#uninsured
ziyan74
@ziyan74 in Status·2 years ago

250,000 were insured. In the company's last 10K it said that #uninsured deposits were $151.5 #billion. Much -- hopefully all -- 

mahmud552
@mahmud552 in Status·2 years ago

High levels of #uninsured deposits and rapid growth were #common factors in the bank collapses in March, Gruenberg said.

ziyan74
@ziyan74 in Status·2 years ago

250,000 were insured. In the company's last 10K it said that #uninsured deposits were $151.5 #billion. Much -- hopefully all -- 

mahmud552
@mahmud552 in Status·2 years ago

 What’s even more head-scratching is the #researchers suggest that even if just 30% of #uninsured deposits were to be withdrawn, 106 banks would collapse.

mahmud552
@mahmud552 in Status·2 years ago

Assuming the worst-case scenario of 100% #uninsured deposits withdrawn, the study’s #authors note that over 1,600 U.S. banks could collapse overnight.

ziyan74
@ziyan74 in Status·2 years ago

250,000 were insured. In the company's last 10K it said that #uninsured deposits were $151.5 #billion. Much -- hopefully all -- 

ziyan74
@ziyan74 in Status·2 years ago

250,000 were insured. In the company's last 10K it said that #uninsured deposits were $151.5 #billion. Much -- hopefully all -- 

ziyan74
@ziyan74 in Status·2 years ago

#According to a new bankruptcy filing, defunct crypto lender BlockFi has $227 million worth of #uninsured funds allocated to a money market mutual fund (MMMF) offered by the troubled Silicon Valley Bank (SVB).

ziyan74
@ziyan74 in Status·2 years ago

250,000 were insured. In the company's last 10K it said that #uninsured deposits were $151.5 #billion. Much -- hopefully all -- 

ziyan74
@ziyan74 in Status·2 years ago

#According to a new bankruptcy filing, defunct crypto lender BlockFi has $227 million worth of #uninsured funds allocated to a money market mutual fund (MMMF) offered by the troubled Silicon Valley Bank (SVB).

ziyan74
@ziyan74 in Status·2 years ago

#According to a new bankruptcy filing, defunct crypto lender BlockFi has $227 million worth of #uninsured funds allocated to a money market mutual fund (MMMF) offered by the troubled Silicon Valley Bank (SVB).

ziyan74
@ziyan74 in Status·2 years ago

250,000 were insured. In the company's last 10K it said that #uninsured deposits were $151.5 #billion. Much -- hopefully all -- 

viyano
@viyano in Status·2 years ago

However, U.S. Treasury #Secretary Janet Yellen said in a Senate hearing on Thursday that not all #uninsured deposits will be protected in future bank failures.

 
 

mahmud552
@mahmud552 in Status·2 years ago

However, U.S. Treasury #Secretary Janet Yellen said in a Senate hearing on Thursday that not all #uninsured deposits will be protected in future bank failures.

farhan287
@farhan287 in Status·2 years ago

Regional banks have relied on the #business model that relied on #uninsured deposits,” he said, adding:

farhan287
@farhan287 in Status·2 years ago

Here’s what needs to happen at this point: the #government needs to make explicit what a lot of people are assuming, which is that for the foreseeable future, #uninsured deposits don’t exist. Everything is insured.

farhan287
@farhan287 in Status·2 years ago

However, U.S. Treasury #Secretary Janet Yellen said in a Senate hearing on Thursday that not all #uninsured deposits will be protected in future bank failures.

mahmud552
@mahmud552 in Status·2 years ago

Here’s what needs to happen at this point: the #government needs to make explicit what a lot of people are assuming, which is that for the foreseeable future, #uninsured deposits don’t exist. Everything is insured.

mahmud552
@mahmud552 in Status·2 years ago

“Regional banks have relied on the #business model that relied on #uninsured deposits,” he said, adding:

mahmud552
@mahmud552 in Status·2 years ago

However, U.S. Treasury #Secretary Janet Yellen said in a Senate hearing on Thursday that not all #uninsured deposits will be protected in future bank failures.

ziyan74
@ziyan74 in Status·2 years ago

#According to a new bankruptcy filing, defunct crypto lender BlockFi has $227 million worth of #uninsured funds allocated to a money market mutual fund (MMMF) offered by the troubled Silicon Valley Bank (SVB).

ziyan74
@ziyan74 in Status·2 years ago

250,000 were insured. In the company's last 10K it said that #uninsured deposits were $151.5 #billion. Much -- hopefully all -- 

ziyan74
@ziyan74 in Status·2 years ago

#According to a new bankruptcy filing, defunct crypto lender BlockFi has $227 million worth of #uninsured funds allocated to a money market mutual fund (MMMF) offered by the troubled Silicon Valley Bank (SVB).

ziyan74
@ziyan74 in Status·2 years ago

250,000 were insured. In the company's last 10K it said that #uninsured deposits were $151.5 #billion. Much -- hopefully all -- 

ziyan74
@ziyan74 in Status·2 years ago

250,000 were insured. In the company's last 10K it said that #uninsured deposits were $151.5 #billion. Much -- hopefully all -- 

ziyan74
@ziyan74 in Status·2 years ago

#According to a new bankruptcy filing, defunct crypto lender BlockFi has $227 million worth of #uninsured funds allocated to a money market mutual fund (MMMF) offered by the troubled Silicon Valley Bank (SVB).

rubina222
@rubina222 in Status·2 years ago

250,000 were insured. In the company's last 10K it said that #uninsured deposits were $151.5 #billion. Much -- hopefully all -- 

zihadi
@zihadi in Status·2 years ago

#According to a new bankruptcy filing, defunct crypto lender BlockFi has $227 million worth of #uninsured funds allocated to a money market mutual fund (MMMF) offered by the troubled Silicon Valley Bank (SVB).

ziyan74
@ziyan74 in Status·2 years ago

#According to a new bankruptcy filing, defunct crypto lender BlockFi has $227 million worth of #uninsured funds allocated to a money market mutual fund (MMMF) offered by the troubled Silicon Valley Bank (SVB).

foysal
@foysal in Status·2 years ago

said a “giant sucking sound” will be heard from the ”withdrawal of substantially all #uninsured deposits” from all banks, not just th #systemically important banks (SIBs),”

 
 

foysal
@foysal in Status·2 years ago

Ackman #suggested that this would be the result of “the world” realizing what an #uninsured deposit is — “an unsecured illiquid claim on a failed bank.”

 
 

viyanh
@viyanh in Status·2 years ago

#According to a new bankruptcy filing, defunct crypto lender BlockFi has $227 million worth of #uninsured funds allocated to a money market mutual fund (MMMF) offered by the troubled Silicon Valley Bank (SVB).

yarika
@yarika in Status·2 years ago

#According to a new bankruptcy filing, defunct crypto lender BlockFi has $227 million worth of #uninsured funds allocated to a money market mutual fund (MMMF) offered by the troubled Silicon Valley Bank (SVB).

furkan
@furkan in Status·2 years ago

said a “giant sucking sound” will be heard from the ”withdrawal of substantially all #uninsured deposits” from all banks, not just th #systemically important banks (SIBs),”

 
 

furkan
@furkan in Status·2 years ago

Ackman #suggested that this would be the result of “the world” realizing what an #uninsured deposit is — “an unsecured illiquid claim on a failed bank.”

 
 

zihadi
@zihadi in Status·2 years ago

#According to a new bankruptcy filing, defunct crypto lender BlockFi has $227 million worth of #uninsured funds allocated to a money market mutual fund (MMMF) offered by the troubled Silicon Valley Bank (SVB).

mahmud552
@mahmud552 in Status·2 years ago

Ackman #suggested that this would be the result of “the world” realizing what an #uninsured deposit is — “an unsecured illiquid claim on a failed bank.”

mahmud552
@mahmud552 in Status·2 years ago

said a “giant sucking sound” will be heard from the ”withdrawal of substantially all #uninsured deposits” from all banks, not just th #systemically important banks (SIBs),”