Broker Check
2023 Bank Crisis in Review by chris@kilmerco.com

References

Government Actions Hurt Banks

  • https://www.kilmerco.com/how-rising-interest-rates-are-hurting-banks
  • https://www.msn.com/en-us/money/markets/long-bonds-are-cratering-with-the-asset-class-racking-up-losses-that-rival-the-2008-stock-market-crash/ar-AA1hJA9P?cvid=8667504a100e46ddb21c6d6af78d5e61&ocid=winp2fptaskbar&ei=11
  • https://finance.yahoo.com/video/fed-set-propose-banking-capital-152719274.html
  • https://www.cnn.com/2023/05/19/investing/janet-yellen-bank-mergers/index.html
  • https://www.cnbc.com/2023/06/07/treasury-secretary-yellen-says-more-bank-consolidation-likely.html
  • https://www.cnbc.com/2023/07/10/american-banks-face-more-pain-huge-shift.html
  • https://finance.yahoo.com/news/big-banks-have-to-raise-capital-by-as-much-as-19-under-proposed-us-rules-140115761.html
  • https://www.reuters.com/business/finance/bank-america-ceo-flags-effects-higher-capital-requirements-2023-07-27/
  • https://www.thebalancemoney.com/reserve-requirement-3305883

This Led to Banks Having Many Issues

  • https://www.kilmerco.com/concerns-about-the-banking-industry

Americans withdrew their bank deposits

  • https://www.fdic.gov/analysis/quarterly-banking-profile/qbp/2023mar/qbp.pdf#page=1

Several U.S. Banks Failed in 2023

  • https://banks.data.fdic.gov/bankfind-suite/financialreporting?
  • https://www.bankrate.com/banking/largest-bank-failures/
  • https://www.bankrate.com/banking/signature-bank-collapse/
  • https://www.usatoday.com/story/graphics/2023/03/13/graphics-bank-collapse-silicon-valley/11466073002/
  • https://www.forbes.com/sites/dereksaul/2023/05/01/first-republic-bank-failure-a-timeline-of-what-led-to-the-second-largest-bank-collapse-in-us-history/?sh=2c41f9367b76
  • https://finance.yahoo.com/news/pacwest-bancorp-announces-results-fourth-212000047.html
  • https://www.cnn.com/2023/07/28/business/heartland-tristate-bank-failure/index.html

The Bank Failures Led to Historically High Bank Losses

  • https://www.fdic.gov/bank/historical/bank/

The Government Tried to Calm Depositors

  • https://www.federalreserve.gov/monetarypolicy/bank-term-funding-program.htm
  • https://fortune.com/2023/03/16/fed-banks-emergency-lending-silicon-valley-bank/
  • https://www.marketwatch.com/story/new-fed-bank-facility-could-see-up-to-2-trillion-of-usage-jpmorgan-analysts-say-a496b16e
  • https://finance.yahoo.com/news/banks-borrow-164-8-billion-203000220.html
  • https://www.msn.com/en-us/money/other/banks-boost-borrowing-from-fed-crisis-lending-programs-amid-global-turmoil/ar-AA192iDv
  • https://www.federalreserve.gov/releases/h41/20230323/h41.pdf
  • https://www.cnbc.com/2023/03/16/svb-signature-bank-failures-yellen-says-us-banking-system-is-stable-and-deposits-remain-safe.html
  • https://www.reuters.com/business/finance/yellen-tells-senators-us-banking-system-remains-sound-2023-03-16/
  • https://www.reuters.com/business/finance/most-vulnerable-us-banks-lost-1-trillion-deposits-year-jpmorgan-2023-03-23/

The Government sent warnings to banks

  • https://www.reuters.com/markets/us/us-fed-ramps-up-demands-corrective-actions-by-regional-banks-bloomberg-news-2023-08-30/
  • https://www.msn.com/en-us/money/markets/federal-reserve-issues-hushed-warnings-to-regional-banks/ar-AA1g2fPa

Government Warned to Expect Bank Mergers

  • https://www.msn.com/en-us/money/markets/yellen-sees-bank-mergers-earnings-pressure-following-march-crisis/ar-AA1cYUHg
  • https://www.cnn.com/2023/05/19/investing/janet-yellen-bank-mergers/index.html
  • https://www.cnbc.com/2023/07/10/american-banks-face-more-pain-huge-shift.html

How to Help Protect Yourself

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