Why More US Banks Could Collapse | Business Insider Explains

Why More US Banks Could Collapse | Business Insider Explains | Business Insider

Рет қаралды 73,920

26 күн бұрын

Silicon Valley Bank, Signature Bank, and First Republic are among the largest bank failures in US history. Our Investing Correspondent Laila Maidan explains how more banks could fail, according to Fed chair Jerome Powell.
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Why More US Banks Could Collapse | Business Insider Explains | Business Insider

Пікірлер: 173

@kortyEdna825 6 күн бұрын

Sadly, banks continue to stumble, mortgage rates is on the rise with higher imports and lower exports, yet the FED is to lessen cost. So, where do we grow and safeguard our money now? something will eventually break if they keep raising interests and quantitative tightening.

@PatrickFitzgerald-cx6io 6 күн бұрын

ideally, you should consider financial planning to get the best results with your money, notwithstanding economy situation

@carssimplified2195 6 күн бұрын

Well agreed, I'm quite lucky exposed to finance at early age, started job at 19, purchased first home at 28, got married shortly afterwards to raise kids early. Going forward, got laid-off at 40 amid covid '19 outbreak, immediately consulted with an advisor in order to stay afloat and after subsequent investments, I'm barely 25% short of $1m ballpark goal as of today.

@foden700 6 күн бұрын

that's incredible! would you mind if I vet your advisor please? started investing in stocks november 2022, but not confident to make the correct investments as of now, seeking professional help to achieve my financial goals

@carssimplified2195 6 күн бұрын

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

@foden700 6 күн бұрын

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

@AltayHunter 24 күн бұрын

6:14 Graphics messed up and used a greater-than sign to represent less-than.

@cynot71 24 күн бұрын

🤣🤣🤣🤣🤣

@Fuhreddeekaye 24 күн бұрын

I came to make the same comment! Haha

@BusinessInsider 22 күн бұрын

Thanks for catching! We've updated the video with that fix.

@billwhite1603 24 күн бұрын

If smaller banks invested in crypto they deserve to fail. That is not divesting risk, that is gambling, taking higher risk in hopes of higher return. High tech might not be as risky but certainly not conservative as banks use to be. FIREA really messed up a lot of financial institutions, and this type thing is what regulators were concerned about. Loans to first time restaurants too can be risky as a high percentage fail in the first two years.

@polarspirit 21 күн бұрын

Are you saying big banks can invest in crypto?

@atenas80525 21 күн бұрын

If commercial real estate is in trouble, it is because commerce is in trouble If commerce is in trouble, jobs are in trouble If jobs are in trouble, residential mortgages are in trouble 08 all over again

@stevenporter863 22 күн бұрын

Let the smaller banks fail then. Interest rates are historically low, only high compared to the past 20 or so years. Banks paid at or close to 0% for years - they should have built some liquidity reserves then instead of leveraging it all.

@amazon4716 22 күн бұрын

Raised interest Raised tariffs Really taking a toll.

@SeanTalkoff 8 күн бұрын

The bank crisis isn't over yet, and experienced individuals know credit crises don't end quickly. Some find it amusing that some think it's resolved, but in reality, we're headed for a major economic downturn due to this credit contraction.

@AllenNichol 8 күн бұрын

After the '08 financial crisis, I've learned not to trust corporations. Since 2020, I've been investing with a financial advisor and have had no major losses, so I'm not going back to relying solely on banks.

@DavidCovington-st2id 8 күн бұрын

Many overlook that banks are profit-driven businesses. I don't trust keeping a large sum in a bank, instead, I invest with guidance, enjoy the benefits, and save for retirement.

@SteveDutton-v 8 күн бұрын

Your fiduciary seems highly competent. May I ask if you are still working with the same fiduciary, and if so, could you share how I can contact them?

@DavidCovington-st2id 8 күн бұрын

My CFA ’’ Vivian Carol Gioia, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..!

@SteveDutton-v 8 күн бұрын

Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

@SongByeok 24 күн бұрын

The audio for this video is horrible

@LucasMarreiro 24 күн бұрын

as a professional sound designer who works with videos every day, I second your comment.

@MagicianTariq1 24 күн бұрын

no lie

@lawrup 24 күн бұрын

Turn up the sound then

@ByronEarnheart 24 күн бұрын

You misspelled “financial analysis “

@armobyzantine5881 24 күн бұрын

Thanks for the video

@BusinessInsider 22 күн бұрын

Thanks for watching!

@MakeMoneyWithAI_83 24 күн бұрын

Thanks for sharing this insightful video and summary. It's concerning to hear about the potential risks facing US banks, especially with the high interest rates and challenges smaller banks are facing. It's crucial for consumers to understand how these factors can impact their deposits and the wider economy. Staying informed and ensuring our money is in safe hands is key. Great video by Business Insider!

@GorillaDev417 24 күн бұрын

I wonder how fintech companies are going to fare?

@Ghostintheshell3551 24 күн бұрын

I went from banking with a traditional bank ( Wells Fargo ) for 15 years to an online bank only ( discover ) since I was already using them for credit card , and I couldn't be happier I get paid 3 days early no fees no nothing and then I opened an account at wealth front where I keep the majority of my money since their yearly rate is 5.0% .... The old traditional banks are going to go out of business if they don't change and get with the times . Like why do I have to pay a bank 15 bucks a month for them to " service my account " foh

@mr.g1683 24 күн бұрын

I had choice to stop using banks back in 2007. My checking, savings, money markets, credit cards and ope with two different small size credit unions,

@HobbyOrganist 24 күн бұрын

Experts told us that credit unions do fail, like banks (which are also generally safe) And deposits up to $250,000 at federally insured credit unions are guaranteed, just as they are at banks.

@mr.g1683 24 күн бұрын

@@HobbyOrganist FACT any bank/ business can feel. Most of it occurs because suckers in charge making bad choice. I dont support the big banks getting bigger with the support of past and present congress, FDIC and throwing the smaller banks under the tables past years. I do support banks that failed get taken over and sold by the FDIC as has been since 2008.

@UHaulShorts 24 күн бұрын

2 wordz: *kwedit union*

@maattttt07 24 күн бұрын

2 words: Gold, silver

@nickname1392 3 күн бұрын

Splitting money between a checking and savings account does not increase FDIC insurance if the ownership of those two accounts is the same.

@ByronEarnheart 24 күн бұрын

Yeah…community banks don’t have that exposure to CRE.

@joshcoe 24 күн бұрын

free! money

@AbidAli-bo8sv 24 күн бұрын

They showed a Pakistani Allied Bank to be a USA bank. Don't know what was that meant to be, but that is quite a popular bank here in the business community.

@merchandisersvlogtv1708 24 күн бұрын

I did not put money in the banks due to low interest rate then lots of requerments

@chipset2900 24 күн бұрын

It's not "your" money unless you have it in hand.

@danielmanly4793 24 күн бұрын

It's not really money either as it is a currency. Money by definition must be a store of value.

@BonShula 24 күн бұрын

What a poor understanding of econ. Is shares not your since you do not have them in hand? Imbecille

@redslate 24 күн бұрын

Uh, no. It's your money so long as it's insured. Stuffing $250,000 under your mattress because you're irrationally paranoid is a problem waiting to happen.

@chipset2900 24 күн бұрын

Actually, as long as FDIC is solvent, which is debatable.

@Cassander314 23 күн бұрын

Nothing is actually insured. The only currency with intrinsic value is the work of great young men

@victory8928 10 күн бұрын

You mean one’s own labour?

@Amela_McZuric 24 күн бұрын

FDIC yes.

@maattttt07 24 күн бұрын

They can only cover 10% of all deposits. Give or take.

@redslate 24 күн бұрын

@@maattttt07 That's not FDIC, that's capital on-hand. 100% of all deposits up to $250k is covered.

@maattttt07 24 күн бұрын

@@redslate yeah Fdic has tens of of billions just lying around JIC, yeahhhhh

@redslate 24 күн бұрын

@@maattttt07 Do you have an IQ of 85? You made a false statement, got called out, and then proceeded to speak further on a matter you know nothing about? You need to apologize to your parents for being a complete waste of organic material.

@redslate 24 күн бұрын

@@maattttt07 You lost the right to speak when you revealed you have no money, no aspirations, and no contributions to society.

@markgriz 24 күн бұрын

Luckily, I don't have more than $25OK in the bank, so fail away

@Cassander314 23 күн бұрын

Sieze every single asset listed as collateral in all LBOs and auction them

@Cassander314 23 күн бұрын

Put proceeds in bank reserve

@chuyenpham3336 22 күн бұрын

Greattt

@FireyCam 24 күн бұрын

While banks aren't my concern, I hope Charles Schwab doesn't go under. I like the website and interface when dealing with the brokerage.

@joek1353 23 күн бұрын

Why open an account with a small bank

@awanier786 7 күн бұрын

No man, it must stop or Gen z is going to face a difficult future. 😢

@Cassander314 23 күн бұрын

None of the assets listed as collateral are owned by anyone

@cyryc 2 күн бұрын

I dunno.. that worldwide universal basic income based on carbon taxes sounds like a really bad idea

@hippiedude2232 21 күн бұрын

Thumbnail: "banks are failing, is your money safe?" I got news for you hun, unless you're a cartoon character the answer was always no, and will always be no. The government will have your cash one way or another. They aren't opposed to using force to get it either.

@Wizardof 22 күн бұрын

We got issues right now I hear on the streets.... ATM's not working or something wrong with ACH. Has has the Kremlin Gremlin been extra busy? My poor bank staff was nervous AS ALL GET OUT. They deflected by redoing my cards in house. That was a nice touch even though I don't think they were the issue and the chips/magnets were not worn out.

@7techno77 24 күн бұрын

Look at synapse and evolve and the fintechs involved with that, absolute mess.

@killclipx8340 24 күн бұрын

I'll put mine under my mattress.

@umu-i-d2785 21 күн бұрын

Little know fact, In 2008 China saved us by buying 1.2 TN$s of US Gov. bonds. Wonder if they'd be willing to do the same again!

@polarspirit 21 күн бұрын

At that rate, China will own US

@69pepe420 24 күн бұрын

bitcoin

@PlasticSquare 24 күн бұрын

bitconnect

@shaunmc013 24 күн бұрын

The feds…smh

@josehernandez-ct5yd 24 күн бұрын

Build back better

@jargraroch3000 24 күн бұрын

This is why we shouldn't have or have a limited world economy. The world was MUCH better of before we got ourselves into this mess.

@BrandyHeng007 24 күн бұрын

Already collapsed , announcements only ruined confidence , better to sweep it under the carpets.

@janinesan3436 3 күн бұрын

Sometimes i wonder why humans complicate everything can they just print more paper

@spencerangel4218 24 күн бұрын

Not the trump ad before this😭

@Deviner75 17 күн бұрын

Why don't you use an ad blocker? Or a brave browser?

@JohnHausser 24 күн бұрын

🇨🇦 banks be like : 😤

@fatoush24 22 күн бұрын

we have regulators ! somehow 34 trillion in debt too

@felixvelo 24 күн бұрын

Could collapse?

@jamesprice4074 24 күн бұрын

its not a good idea to trust governments and corporations.

@danielmanly4793 24 күн бұрын

I trust Pfizer as their products are safe and effective.

@swideru7469 24 күн бұрын

Exactly my thought. Sad how people mostly miss out the second (in US) or the first (in Europe) thing. Both of them do harm and theoretically/on paper aren’t that different. (Think about that - a huge corporation is nothing else than an authorian government.

@maattttt07 24 күн бұрын

What could possibly go wrong?

@A-tv366 24 күн бұрын

😮

@manchu-qu9mw 20 күн бұрын

Nothing seems to be safe in this time and age. anymore. Even savings too. The greedy US hegemony is the root cause of all the misery and pain.

@streetsmart8491 24 күн бұрын

This is a sign of a stringer future. Unlike 2008, this is controlled.. if the Feds see a problem, they lower rates ASAP. All this is doing is clearing banks that were greedy and taking on more than their reserve requirements. The big banks are becoming stronger when interest rates drop (inevitably)

@cynot71 24 күн бұрын

Not another face plant video!

@plant5989 24 күн бұрын

Buy Bitcoin.

@Mukhtar_Nasvaykin 22 күн бұрын

Cutie 😊

@lingth 24 күн бұрын

So many banks in USA.. so mind blowing We only have 3 local banks in Singapore..

@ArrtusMusic 24 күн бұрын

Preserve your wealth with REAL currency/assets like GOLD & SILVER.

@Cassander314 23 күн бұрын

When there is no cash, there won’t be any more old people or women pretty soonafter

@LawandOrder-fi5xk 20 күн бұрын

Bidenomics. Vote Biden and these democrats out of office.

@gwilson664 24 күн бұрын

She said absolutely nothing meaningful about securing wealth.

@lawrup 24 күн бұрын

Dear Buisness Insider Your money is safe. I can assure you

@LuckasJackson Күн бұрын

Are you runing out of time on savings because of the banks and there crisis,just take free courses on how to save and even get 7-10% interest on your savings

@12crows1 24 күн бұрын

HAHAHA! Wow nice censorship on ya! And with that I'll unsubscribe!

@keplar89 24 күн бұрын

The report forgets to tell you that whats happens if FDIC fails.... or the currency is crashing.

@HobbyOrganist 24 күн бұрын

Not going to happen,but if it did the entire economy would collapse anyway and ypu'd have LOT more to worry about than your cash in the bank-it could become worthless overnight. Germany had that happen in WWII,a dog breeder who wrote a book I have described how she refused to sell a valuable stud dog to an AMerican doctor but as times got very difficult and the army confisted the wheels off her car and she resorted to buying people's unwanted pets to feed her dogs,she agreed to sell the dog for anamount I forget now, lets say 10,000 German Marks which she said would be enough to buy another car with. By the time the money which had been wired in the morning had been received that afternoon,it's value had dropped so far it was only enough to buy a HAT she saw in the store window.People filled wheelbarrows with Deutche Marks to buy anything because it became almost worthless.

@benjamindover4337 24 күн бұрын

@@HobbyOrganist well, back then they were fighting with Russia over control of Ukraine. Things are much different now.

@redslate 24 күн бұрын

Try again FSB.

@jessecantu5130 24 күн бұрын

If you really believe your cash is safer in the hands of others ! Then that’s just your belief 😂

@redslate 24 күн бұрын

It is when it's insured...

@danielmanly4793 24 күн бұрын

Banks are safe and effective, safe and effective and safe and effective.

@maattttt07 24 күн бұрын

I should get 2,3,4,5 accounts

@redslate 24 күн бұрын

@@maattttt07 Do you not already?

@maattttt07 24 күн бұрын

@@redslate never kid

@redslate 24 күн бұрын

@@maattttt07 Hold on... You have a _single_ bank account, and you're going around calling anyone w/ more than a quarter Mil "kids???"

@fe5982 24 күн бұрын

@@maattttt07One account? What does that make you? An abor ed fetus? 😱

@auro1986 24 күн бұрын

why? your bitcoin, artificial intelligence, factory automation, advanced technology, and these women who have been convinced that if they act like men then their life gets perfect

@victory8928 10 күн бұрын

? As if all public healthcare isn’t funded by taxpayer dollar then again have you seen how ridiculous the private sector is?

@randyt700 21 күн бұрын

Only do business with banks that are conservative. If theres anything we learned from financial crisis of 2008 is banks that knowingly deal in/with creative financial products/services/instruments i.e CDOs and now it looks like crypto, will eventually be left holding the hot potato. And the taxpayer will be left holding the bag again because congress.

@leonelbustosb 24 күн бұрын

What a banana republic is the Us

@rexochroy2 23 күн бұрын

No your money is not safe in a bank or other peoples pockets. To clarify, building an economy on debt will never work. Whether it’s an insurance company or a bank or stock market. You simply cannot build a system on debt without earning ( paying) the original debt. America is a perfect example of this. 85 trillion in debt. They can not make that kind of money, unless they do something very radical. One thing close totally their arms. And the rest is history.

@Brandon-xp1ob 19 күн бұрын

No. Buy Bitcoin🧡

@AmaliSaid-xz1dr 16 күн бұрын

USA ecenomy is doing ok, they need you accounts under 55 from Australia, and why does USA party's so much i wonder in While in Australia. Amali Victoria

@Ericamarie57bh7 24 күн бұрын

I've been making a lot of losses trying to make profit trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?.

@AlexSchmidt-mk2ip 24 күн бұрын

I will advice you should stop trading on your own if you keep losing.

@AlexSchmidt-mk2ip 24 күн бұрын

If you can, then get a professional to trade for you I think that way your assets are more secure.

@AlexSchmidt-mk2ip 24 күн бұрын

I'd recommend Patricia Spears, her profit is great even when there's a dip

@LopezRodriguez-lm8jh 24 күн бұрын

Wow. I'm a bit perplexed seeing her being mentioned here also. I didn't know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been amazing

@AlexSchmidt-mk2ip 24 күн бұрын

You don't need to be shocked haha because I'm also a huge beneficiary of her

@barnabuskorrum4004 24 күн бұрын

Because Capitalism. LOL

@swideru7469 24 күн бұрын

Never store big amounts of money in a currency… Especially the US Dollar. Use gold, silver, bitcoins whatever, but don’t store your money in a currency the value of which is tied to the geopolitical situation and current politics of a country, has no limit/ can be printed indefinitely (what is done to fe let debt appear smaller etc.)

@cabinetpete3028 24 күн бұрын

Every one use what criminals use thanks bi

@redslate 24 күн бұрын

As the World Reserve Currency, your money is _pretty_ Fn safe in USD. You never want to have more than 15% of your assets in precious metals. The Logistics alone are unnerving.

@swideru7469 24 күн бұрын

@@redslate But for how long? Also haven’t you seen how inflation has fucked it up.

@redslate 24 күн бұрын

@@swideru7469 At least another century or more... Inflation bleeds off into the rest of the world's markets. It actually affects the US less.