Are bank runs and financial contagion incoming?

[Organ Morgan.]

Cyril, our very own Mr Blippy, will be along shortly to reassure us, and himself, that this is... wait for it... a blip.

The Banking Collapse Of 2023 Is Now Officially Bigger Than The Banking Collapse Of 2008

- Yes, you read the headline correctly.

Collectively, the three big banks that have collapsed in 2023 had more assets than all 25 banks that collapsed in 2008 did.

2008 saw the peak in terms of asset-size for bank failures ($373.6 billion with 'only' 25 failures), while 2010 saw the peak in number of banks failing (157 vs 25 in 2008).

So far in 2023, 3 banks have failed with combined assets of $548.5 billion.

Even including the $170.9 billion in assets from failed banks in 2009, 2023 is still worse than the two 'great financial crisis' years combined.

Unfortunately, the banking collapse of 2023 is far from over.

We still have eight more months to go before this year is done, and many more banks are currently teetering on the brink of disaster. -

More: https://www.zerohedge.com/markets/ba...-collapse-2008

[Rjk]

Cyril, our very own Mr Blippy, will be along shortly to reassure us, and himself, that this is... wait for it... a blip.

The Banking Collapse Of 2023 Is Now Officially Bigger Than The Banking Collapse Of 2008

- Yes, you read the headline correctly.

Collectively, the three big banks that have collapsed in 2023 had more assets than all 25 banks that collapsed in 2008 did.

2008 saw the peak in terms of asset-size for bank failures ($373.6 billion with 'only' 25 failures), while 2010 saw the peak in number of banks failing (157 vs 25 in 2008).

So far in 2023, 3 banks have failed with combined assets of $548.5 billion.

Even including the $170.9 billion in assets from failed banks in 2009, 2023 is still worse than the two 'great financial crisis' years combined.

Unfortunately, the banking collapse of 2023 is far from over.

We still have eight more months to go before this year is done, and many more banks are currently teetering on the brink of disaster. -

More: https://www.zerohedge.com/markets/ba...-collapse-2008

that's a strange way to measure the impact of the current events Vs the financial crisis in 2008.

the banks that have failed were bought up by other banks right? that now own those assets.
in terms of total value wiped off the global economy I bet it isn't anywhere close to 2008

[Wales-Bales]

that's a strange way to measure the impact of the current events Vs the financial crisis in 2008.

the banks that have failed were bought up by other banks right? that now own those assets.
in terms of total value wiped off the global economy I bet it isn't anywhere close to 2008

Not strange at all because the current crisis could be a consolidation of the banking sector orchestrated by the big banks and the government. If that were the case 2008 would be irrelevant.