Thorsten Polleit

"... said one person, who declined to be identified" ...

Deposit drain from smaller banks into financial giants like JPMorgan Chase has slowed, sources say https://cnb.cx/3LR1f32

CNBC

Deposit drain from smaller banks into financial giants like JPMorgan Chase has slowed, sources say

Uncertainty caused by the collapse of Silicon Valley Bank this month triggered outflows and plunging share prices at peers including First Republic and PacWest.

1.5K views20:05

Thorsten Polleit

Richtigerweise müsste der Titel lauten: "Bürger sowie kleine und mittelgroße Firmen befinden sich im Teufelskreis der Geldpolitik".

https://twitter.com/ThorstenPolleit/status/1639731856516980737?t=KJbmYY_IjSffFdLdAOb2lQ&s=09

1.7K viewsedited 20:53

Thorsten Polleit

Waiting for the other shoe to drop?

Moody's downgrades Poland's mBank, confirms Bank Millennium https://www.reuters.com/business/moodys-downgrades-polands-mbank-confirms-bank-millennium-2023-03-25/

Reuters

Moody's downgrades Poland's mBank, confirms Bank Millennium

Moody's has downgraded the long-term deposit ratings of mBank and changed the outlook to negative from "under review" citing risks stemming from the legacy of Swiss franc loans at Polish lenders, the agency said.

1.6K views22:16

Thorsten Polleit

Subscribe to read | Financial Times
https://www.ft.com/content/1d9d93ef-4551-42fd-a89d-4afbb67e162d

Subscribe to read | Financial Times

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

1.5K views07:24

Thorsten Polleit

Subscribe to read | Financial Times
https://www.ft.com/content/2cfaaf47-101c-4695-92e5-b66b6abe777e

Subscribe to read | Financial Times

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

1.5K views12:02

Thorsten Polleit

https://www.cnbc.com/2023/03/26/bitcoin-is-poised-to-blow-up-africas-86-billion-banking-system.html

CNBC

Bitcoin is poised to blow up Africa's $86 billion banking system

CNBC spoke to entrepreneurs in Nigeria and South Africa who have integrated the Lightning Network into mobile money.

1.6K views16:19

Thorsten Polleit

... and now the money market funds hold the deposits in the banks.

https://www.ft.com/content/032523bc-3b92-4b94-b6b8-ebbe1d606b2c

Subscribe to read | Financial Times

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

1.5K views17:16

Thorsten Polleit

"... this bank failure is a “canary in the coal mine” early-sign dynamic that will have knock-on effects in the venture world and well beyond it."

What I Think About the Silicon Valley Bank Situation https://www.linkedin.com/pulse/what-i-think-silicon-valley-bank-situation-ray-dalio

What I Think About the Silicon Valley Bank Situation

I've been doing an AMA on social media and getting a lot of great questions I've been sharing here. Here are some thoughts I had in response to a question about Silicon Valley Bank.

1.5K views20:39

Thorsten Polleit

"As soon as credit expansion stops, the piper must be paid, and the inevitable readjustments must liquidate the unsound over-investments of the boom ... . And ... the longer the boom is kept going, ... the more harrowing the readjustments that must be made."
| Murray N. Rothbard

1.5K views21:00

Thorsten Polleit

https://mises.org/library/curse-fiat-money

Mises Institute

The Curse of Fiat Money

It may come as a surprise to many, but the relative size of the US commercial-banking industry has not declined following the so-called credit-market crisis, which developed in the second half of

1.5K views21:02

Thorsten Polleit

https://www.cnbc.com/2023/03/27/the-first-bank-crisis-of-the-twitter-generation-the-pressure-on-banks-is-very-different-to-2008.html

CNBC

'The first bank crisis of the Twitter generation': The pressure on banks is very different from 2008

Credit Suisse and Silicon Valley Bank may have collapsed but a financial crash today would be very different to the 2008 crisis.