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As long as fractional reserve banking is used by bank, the whole house of cards is one 'run' away from a disaster imo. With fractional reserve banking, if you have £1,000 in savings, that bank can then lend £10,000 out in loans or buy £10,000 of bonds etc... All is fine until you decide to...

So was SVB. It was the 16th largest bank in the USA and was the 2022 Bank of The Year. Doesnt stop a run on a bank like SVB had where they had to fire sale their bonds and other assets. Dont forget that after the 2007 New Century Financial diaster, two months later Ben Bernanke, the then head...

FDIC insurance covers the first $250,000. After that its lost. Unfortunately there are companies losing tens and hundreds of millions of $. There are a lot of these 'new' companies now with serous financial problems.

Not been reported that much but on Friday the 16th largest ban in the US went bust, Silicon Valley Bank. SVB had over $200 billion of assets. Nearly 50% of ALL US Venture Capital backed businesses bank with SVB. And 44% of this year’s venture-backed technology and healthcare IPOs, also bank...