Masthash

#Bank

Marcel Waldvogel
23 hours ago

The main function of a #bank is to perform maturity transformation between creditors and debitors. And that they handle some of the risks coming with it (and often make a profit from handling that risk, unless they don't). Some of that risk can be offloaded, but only if they follow certain rules.

In a #cryptocurrency, someone or something needs to perform this function as well. However, nobody wants to take the risk or submit to the rules for offloading that risk. ⚡
https://blog.dshr.org/2023/05/fractional-reserve-crypto-banking.html

Leviine tells the story much better than I did:

    People in crypto did not trust the banks, in part for the good reason that the banks were doing something (maturity transformation) that is both risky and in some deep sense deceptive. But people in crypto did want the benefits of maturity transformation: People with crypto wanted to park it somewhere safe, earn interest and have access to it whenever they wanted; other people wanted to borrow crypto without the risk of having to give it back early. Crypto shadow banks — Celsius, Voyager, BlockFi, Genesis, Gemini Earn, FTX — sprung up to offer that service, to borrow short and lend long. Free of most regulation, they could offer the service efficiently, market it aggressively, and lose tons of their customers’ money.
Levine summarizes the situation:

    If your concern is that crypto shadow banks are becoming more interconnected with the real economy, and that therefore future runs on those shadow banks might be more destructive, there are two ways to go:

        Protect crypto shadow banks from runs, with deposit insurance and regulation; or
        Protect the real economy from crypto shadow banks, by making it really hard for the traditional financial system to connect with crypto firms.

    US regulators seem to be choosing Option 2, which … seems … right … to me?
Björn
2 days ago

Vor über 10 Jahren habe ich mich darüber lustig gemacht, dass jedes Unternehmen eine "App" rausbringen musste, die eigentlich nichts anderes als ein Link auf eine Website war.
Heute regt es mich auf, mit welcher Selbstverständlichkeit die Nutzung von #App​s vorausgesetzt wird. Immer mehr #Bank​en wollen ihre TANs nur noch per App verteilen. Sie machen sich und uns von Google und Apple (oder Amazon und Huawei und anderen App-Shop-Betreibern abhängig) und verpflichten uns zum Kauf neuer Geräte.

theater-macht-politik
2 days ago

@ORF_News um das große Ärgernis der 1 1/2 Mio #Spenden aufzuklären, tausende Spendende zu registrieren und die nächste Datenbank aufzubauen, die auch die #Bank hätte liefern können, wäre es mit #Gericht abgegangen? Bayrische GENERAL- #Staatsanwaltschaft & #Polizei auf #Wahlkampf- Abwegen des kriminellen #Innenminister in Abschiedspanik?

WACOCA
3 days ago
【ap09】GAKU-MC with 桜井和寿「手を出すな!」from ap bank fes'09
HistoPol
4 days ago

@ZDF @zdfheute

(9/n)

Nun zum #asozialen" Finanzierungsaspekt:

Viele Bürger setz(t)en im Alter ausschließlich auf die eigene #Immobilie und haben für diese Maßnahmen nicht die liquiden Mittel. Ein Kredit wird erforderlich, aber:

"Leider ist es aber so, dass #Rentner und #Senioren bei #Kreditanfragen häufig eine Absage von der #Bank bekommen. Die Gründe: das Alter und die meist eher geringe #Rente. Das Alter spielt beim Risikomanagement..."

Samuel
5 days ago

Die #PostFinance Karte funktioniert seit heute auch mit #applepay

#apple #pay #schweiz #bank

mk
1 week ago

@jessecoynelson

the #freedom-#trucker-#convoy was the #canary in the coal mine...

00:09:26 "a #bank[..]will be able to immediatly #freeze or #suspend a #account without a #court order"
https://youtu.be/5zmg4rM1Ttc?t=566

00:24:40 "#canada 's anti #money #laundering and #terrorist #financing rules[..]cover #crowdfunding plattforms[..]these changes cover all forms of #transactions. including digital assets such as #crypto #currencies"
https://youtu.be/5zmg4rM1Ttc?t=1472

Ivan Rodriguez ♠
1 week ago

If you have money in the #bank, I would suggest that you take it out and put it into non-liquid assets before the #US #dollar looses its purchasing power. Yes, it could cause more #bankruns, but I feel that now is the time before more of us go into #poverty.

cseiler
1 week ago

#Fetterman floats work requirements for bailout #bank CEOs, pointing out that the #GOP has been pushing for work requirements for families receiving #SNAP https://thehill.com/homenews/senate/4007070-fetterman-floats-work-requirements-for-bailed-out-bank-executives/

CryptoNewsBot
1 week ago

Banks Not Getting Anticipated Benefits From Rate Hikes, ECB Executive Admits - Eurozone banks are profitable but the benefits from higher interest rates may be s... - https://news.bitcoin.com/banks-not-getting-anticipated-benefits-from-rate-hikes-ecb-executive-admits/ #creditstandards #bankingsector #vicepresident #interestrate #centralbank #executive #ratehikes #euroarea #eurozone #interest #official #finance #lending #profits #banks #rates #bank #rate #ecb

Magister Navis
1 week ago

Die #ING #Bank will #Zinsen einseitig erhöhen. Dabei hab ich den „neuen“ Bedingungen nicht mal zugestimmt. Dürfen die das ohne zu fragen?

CryptoNewsBot
1 week ago

Pakistan Announces Fresh Ban on Crypto, but Adoption as a Hedge Remains Popular - Pakistan's government has hardened its stance against cryptocurrencies, with Minister of ... - https://www.coindesk.com/policy/2023/05/18/pakistan-announces-fresh-ban-on-crypto-but-adoption-as-a-hedge-remains-popular/?utm_medium=referral&utm_source=rss&utm_campaign=headlines #regulations #centralbank #pakistan #policy #crypto #dollar #news #bank

ORF.at News-Bot
1 week ago

Medien: Deutsche #Bank mit Vergleich nach Epstein-Geschäften https://orf.at/stories/3317218/ #Wirtschaft

Johannes Moersloot
1 week ago

@nieuws Merkwaardig dat een #bank moet schikken voor de wandaden van een client. Typisch amerikaanse #claimcultuur. 👎

Daniel AJ Sokolov
1 week ago

IT Security is a clusterfuck.

I just spent 56.4 minutes on the phone with a bank (not including the hold time before talking to anyone) because their 2FA system refuses to issue 2FA codes for me unless I use my desktop computer. For months now.

Something is broken in the bank's system. OK. The problem is that they themselves are challenged with finding a security specialist in their own organization.

#ITSecurity #bank

2 weeks ago

Do you believe in #freedom, then you absolutely will have to resist the move to a digital currency. With a #cbdc you will have no more freedom, but are caged and dependent on someone else allowing you to have what you need. Let your #bank know that you will move elsewhere when they start to restrict your access to #cash.

Listen To Your Gut Instinct
2 weeks ago

Has anyone checked the #bank account #balances of
North Carolina state Rep. Tricia #Cotham?

#Bribery

Tut Willy 🔱
2 weeks ago

@inliuofjoan that post was from two months ago, and #BoA #Bank #of #America is still letting this #fraud happen. That's about all I need to know about that company.

Erik Schouten 73
2 weeks ago

Deze week een #ton gewonnen gelijk op de #bank gezet

Muhammad Rifqi Priyo Susanto
2 weeks ago

#Ransomware group #LockBit published data they gathered from #Bank Syariah #Indonesia (#BSI, IDX:BRIS) after a failed negotiation between BSI and them.

They also give recommendations to all customers of BSI to
(1) stop using BSI;
(2) ask families and friends to stop using BSI; and
(3) ask for compensation from BSI.

They also do not disclose any vulnerabilities that they use. There is a chance that this will happen again in the future.

#infosec #databreach #dataleaks

A screenshot of a LockBit 3.0 blog post about their publication of data they gathered from BSI. There are also recommendations for BSI customers.
A screenshot of the main folder of BSI data leaks. There are some folders and files, for example Databases folder.
A screenshot of the BSM Collection folder. There are some CSV files, for example Customer Address dot CSV, Customer Contact dot CSV, and Customer Personal dot CSV.
GLS Bank
2 weeks ago

🧩 Ihr seid die Bank! - Manchmal braucht es einen Moment, sich diesen Satz und die damit verbundenen Möglichkeiten bewusst zu machen. Kommt am 2.& 3. Juni zur Jahresversammlung #GLSJV23 nach Bochum. 📣

Info: https://www.gls.de/privatkunden/gls-bank/aktuelles/termine/ueberregional/jahresversammlung-2023/

#Genossenschaft #Finanzen #Bank #GLSBank

Auf dem Foto sieht man Vorstandssprecherin Aysel Osmanoglu im Gespräch.
2 weeks ago

@kuketzblog bei #giropay tritt am 24.07.2023 eine neue Fassung der giropay-Teilnahmebedingungen in Kraft.

Wir als paydirekt GmbH bieten Ihnen beim Bezahlen mit giropay einen neuen #Käuferschutz, der neben der Ausweitung des Käuferschutzes auf bestimmte digitale Warenkategorien nun auch einen längeren Schutz als bisher ermöglicht. Hierfür lösen wir die bisherigen Regelungen mit Ihrer #Bank oder #Sparkasse ab.

#datenschutz #privacy #onlinezahlung #bezahlverfahren #warenkorb

2 weeks ago

When a #bank payment is demanded, what do you do?

#warOnCash #poll

"... dann waren wir jedenfalls die blödesten Geldwäscher der Geschichte."

Peter Weinzierl - Ex-Meinl-Bank-Chef

Naja .. was soll man da sagen?

#bank #meinl #geldwäsche #österreich

Muhammad Rifqi Priyo Susanto
2 weeks ago

#Ransomware group #LockBit announced that they attacked #Bank Syariah #Indonesia (#BSI, IDX:BRIS) to stop all services and steal 1.5 TB data, including 15 million customers and employees. They set a deadline at 15 May 2023 21:09 UTC before those data will be published.

#infosec #databreach #dataleaks

A screenshot of LockBit 3.0 blog post about attacks to BSI bank on 8 May 2023. There are some screenshot below the post.

Im Kampf gegen die hohe #Inflation wird der Ton rauer: Die #SPÖ kündigte am Freitag an, Gesetzesanträge der Regierung nicht mehr zuzustimmen, sollte es zu keinem Markteingriff kommen, der die Preise senkt. #ÖVP und #Grüne nannten die Aussage „verantwortungslos“. Mit einer Blockade könnte die SPÖ aktuell Klimagesetze auf die lange #Bank schieben. https://orf.at/stories/3316370/

Econ-Intel
2 weeks ago

After the failure of SVB we cautioned (original article: https://econ-intel.com/bank-failures-solved-or-just-on-hiatus/) that financial data did not support the assertion by multiple regulatory bodies that the banking system was resilient and on a solid foundation.
Since that time, First Republic Bank has also failed. This bank was even larger (by asset value) than Silicon Valley Bank.

The underlying numbers have improved little.

#bank #banks #economics #finance @economics

audrina
2 weeks ago

BankTrack on the operations pf Toronto-Dominion bank and dozens of others

"The 2022 Banking on Climate Chaos report showed that Toronto-Dominion Bank provided US$ 140.88 Billion in financing to the fossil fuel industry between 2016 and 2021"

#banktrack #tdbank #bank #finance #climate

https://www.banktrack.org/bank/td_bank_financial_group#dodgy_deals

Andreas G.
3 weeks ago

Muss an Geldautomaten nicht mehr auf die Gebühr beim abheben hingewiesen werden? Oder hatte ich da was übersehen … 🤨 #Geldautomaten #Bank

WordofTheHour
3 weeks ago

#bank : a steep acclivity, as the slope of a hill, or the side of a ravine

- French: une banque

- German: die Bank

- Italian: banca

- Portuguese: banco

- Spanish: banco

------------

Report an incorrect translation @ https://wordofthehour.org/r/translations

CryptoNewsBot
3 weeks ago

Bitcoin options: How to play it when BTC price moves up or down 10% - A perfect storm is forming for higher volatility. Learn how to pr... - https://cointelegraph.com/news/bitcoin-options-how-to-play-it-when-btc-price-moves-up-or-down-10 #bitcoinoptions #volatility #btcprice #markets #deribit #crisis #yellen #debt #bank #dxy

Sean
3 weeks ago

#Poll: worst Canadian #bank (You can pick more than one or add a comment)

A general strike was called in Tulkarm. Palestinian prime minister Mohamed Shtayyeh said the men were "two new victims of the organised terrorism ...

Israeli troops killed two Palestinians in the occupied West Bank yesterday, the Palestinian health ministry said, as the army claimed to have targeted the...
Troops kill two Palestinians in West Bank

CryptoNewsBot
3 weeks ago

Banking Giant BNP Paribas to Launch China CBDC Wallet Platform – A Boost for the Digital Yuan? - The Chinese arm of the French banking titan BNP Paribas announced it will launch a digita... - https://cryptonews.com/news/banking-giant-bnp-paribas-launch-china-cbdc-wallet-platform-boost-for-digital-yuan.htm #altcoinnews #digitalyuan #china #bank

Kettwachsler
3 weeks ago

Die #Bank kann uns leider nicht sagen, wie hoch das #Verfügungslimit der #Karte des #Kindes sei.

"Sie wissen es nicht", sagte der nette Herr.

Na dann...

Oana (Kandly) 🇺🇦
4 weeks ago

Today was wild.

I dyed my hair red and decided to turn my banker into an #anticapitalist after the #bank started harassing me for not being #rich enough and I ended up explaining the absurdity of the baking system to him.

We also have a meeting next week and I intend to leave this man questioning his entire life.

I really do love battles I can't win, don't I.

Funny how "second biggest bank failure in US history" is a buried headline, as if it's just some technical detail only business insiders would be interested in. Nothing to see here, folks! Everything's going great!

#FirstRepublic #bank #economy

Würdest du dir ein Sparkonto bei Apple eröffnen?

4,15 Prozent Zinsen – so viel bietet keine Bank in den USA. Kein Wunder, dass Nutzer das Sparkonto von Apple stürmen: 1 Milliarde Dollar wurden innerhalb der ersten 4 Tage eingezahlt.

Mehr dazu erfährst du in unserem Artikel: 👉 https://t3n.de/news/sparkonto-apple-milliarde-einzahlungen-1549795/

#apple #Sparkonto #konto #bank #zinsen

Computerscreen mit aufgerufenen Apple Website die Werbung für das Sparkonto macht.
Dr. Brad Rosenheim
4 weeks ago

Today the US government took over a failing bank and sold it to our largest bank. In order to sell it, it had to use $13,000,000,000 taxpayer dollars to split insurance on uninsured funds. Once again, we socialized losses of banks whose gains are private. Once again, we were told it was far better than the alternative.

So, what is the alternative? Well, the alternative is to unmask the system as a complete scam that redistributes wealth away from those who need it most. The maneuver was a slight adjustment to a house of cards.

#bank
#FirstRepublic
#SocializedLosses
#AgeOfImpunity
#finance

Laffy
4 weeks ago

First Republic Bank is taken over by FDIC and sold to JPMorgan in third major #bank failure of this year

It's the largest lender to collapse since the 2008 financial crisis — bigger even than Silicon Valley Bank, which went under in March.

https://www.nbcnews.com/business/business-news/first-republic-bank-fdic-takeover-sold-jp-morgan-rcna81437

Is anyone else starting to notice successive bank collapses and the assets being sold to large ones like Chase? Shouldn’t we be promoting more and smaller than few and larger? Seems like a future disaster is being created. https://apple.news/ATrZqns0MTaenbR5eQBFtJw #US #Bank #Consolidation

Pagan Who Has It All
1 month ago

(If you're not religious, what are your plans for the #Beltane #Bank Holiday?) #inclusive #ally

#InsularKingdoms

Memories of Winter.
Winter brings wonderful moments.
Processed with Snapseed and Pixelmator for iOS, Pixelmator Pro for macOS
#river #riverbank #bank #beach #snow #ice #frozen #water #nature #tree #grove #copse #wood #forest #reflection #sky #cloud #winter #waterscape #landscape #scenery #Dnipro

Winter scenery

If you need to have a review of a #bank before deciding to entrust then with your money, have a look at this as you decide not to bank with #nab in #Australia
https://www.abc.net.au/news/2023-04-21/scam-victim-criticises-nab-bank-for-handling-of-her-money-loss/102248230

Laffy
1 month ago

#SupremeCourt rules criminal prosecution of Turkish #bank can move forward #SCOTUS #legal

https://breaking.iavian.net/article/334631

GLS Bank
1 month ago

"Wem dienen Banken wirklich?" 💬 fragte unsere Vorstandssprecherin Aysel Osmanoglu während der letzten Bankenpleiten.

Im Interview mit Finanz Szene wird klar, dass sie vor allem der Faktor Mensch interessiert. Reinhören!

Zum Podcast: https://finanz-szene.de/banking/mit-18-lernte-sie-deutsch-mit-45-fuehrt-sie-eine-der-spannendsten-deutschen-banken/

#GLSBank #Bank

ErNandy
1 month ago

And if the banks would stop financing fossil fuel projects, it would go a long way to bailing out the planet from defaulting on carbon debt.

#FossilBanks #EndFossilCrimes #ClimateEmergency #ClimateCrisis #ClimateChange #climate #Environment #biodiversity #Nature #Science #activism #planet #earth #ocean #carbon #green #photo #Photography #news #bank #sunday

If the environment were a bank It would have been saved by now.
1 month ago

US #law question:

Banks in the US are required under #regulationE to protect individuals from fraud. But what happens when a credit card is used to make a #Paypal purchase? The bank seems to defer fraud protection to Paypal, but since Paypal is not a bank (and Paypal loves to claim that), Paypal is not on the hook for regulation E protection. Paypal has gaps in their protection. E.g. “friends & family” transactions.

When Paypal fails to remedy fraud, is the #bank on the hook?

#askFedi

1 month ago

How do you know if a bank transaction in foreign currency correctly used the “interbank rate” (aka wholsale rate), as promised by the #bank? Is it unverifiable by consumers & regulators both? #askFedi

Tim Richards
1 month ago

Hard to get excited about this. Bank branches are so yesterday.
---
Regional communities fight to keep local banking services amid growing number of branch closures https://www.abc.net.au/news/2023-04-14/regional-communities-fight-bank-closures/102222350

#Bank #Banking #Australia

Laffy
2 months ago

The Federal Home Loan #Bank system issued $37 billion in debt in the last week of March, a sharp drop from the $304 billion two weeks earlier. It's an early sign that the banking crisis has started to ease

https://breaking.iavian.net/article/333880

MessagingMatters
2 months ago

Goldman Sachs finds the public's fear about a #Bank crisis has 'faded' / despite the #Republicans' best efforts to hurt #America by fanning flames of "bank crisis," "dollar collapse" etc.
https://finance.yahoo.com/news/goldman-sachs-finds-the-publics-fear-about-a-bank-crisis-has-faded-154848479.html

Khurram Wadee ✅
2 months ago

Today’s #cycle trip was to #Exmouth which is about 18 km away by #bike mostly on #cyclepaths. It has been a bright sunny day but still a bit cool. This is a #photograph of the #ExeEstuary which opens out into the #EnglishChannel. It was #LowTide and so you can see #SandBanks in the middle of the #estuary which form a #habitat for #birds but also a #NavigationalHazard. You can see the opposite #bank too which is in #Starcross.

#MyWork #MyPhoto #CCBYSA #DSLR #Nikon #D7000 #Spring #Beach #Cycling

Looking across the Exe Estuary during low tide.
GLS Bank
2 months ago

Extremwetterereignisse wie #Hitzeperioden, #Hochwasser und #Sturm nehmen zu. 🌪️🌧️ Wichtig ist vor allem, die Wirksamkeit der Maßnahmen kontinuierlich zu beobachten und bei Bedarf anzupassen. Das machen wir schon immer! 🌏

#GLSBank #Impact #Klima #Bank

https://www.gls.de/privatkunden/klimaanpassung/

💸Artist: #GOIN / #GoinArt in City: #Geneva Credit Suisse HQ, Pl. Bel-Air, Switzerland🇨🇭 - Title: "Game Over, Insert Coins."- #Streetart #Art #Mastoart #UBS #Mural #Genf #Bank #Gameover #Bankcrash #Bankcrisis #creditsuisse

Streetartwall. On the outside wall of the Credit Suisse Main building in Switzerland is a mural sprayed / painted, which shows a sad banker with a pointed red hat. On it is a white cross and the lettering Credit Suisse.
nieebel
2 months ago

@zynaesthesie Bin sehr zufrieden mit #GLS #Bank ;)

Sind auch hier vertreten: @glsbank

Daniel AJ Sokolov
2 months ago

Please, Daniel, #borrow more #money from us, the #bank pleads in their paper letter.

Wortspielfettgesicht
2 months ago

#Aktiensturz der deutschen #Bank laut #Kanzler kein Grund zur #Sorge.

Weitere Dinge, die für #Scholz kein Grund zur Sorge sind: #Klimakrise, #Waffenlieferungen, Tod des #Weihnachtsmann, #Kometeneinschläge

Worum sich #Olaf sorgt: #eFuels

Econ-Intel
2 months ago

Bank Failure and the Ample Reserve Regime:

Do you know that just over three years ago the Federal Reserve changed the banking system from a fractional reserve system to what is called an ample reserve regime? There is now no regulatory requirement for banks to hold any portion of your deposits as liquid reserves. They can invest it all. Further examination: https://econ-intel.com/ample-reserve-regime/
#AmpleReserveRegime #BankFailure #Bank #Risk #Economics #economy @economics

BlueDot🇺🇦
2 months ago

Things at my #CreditUnion are so stable they're boring. Just like last week.

Because unlike a #bank, a credit union is a democratically controlled #cooperative. We aren't putting other people's money into risky investments for profit.

𝗣𝗠𝗝 👽
2 months ago

ach hört doch auf mit dem #enteignung quatsch, gibst du dein geld einer #bank bist du de facto enteignet!
wenn die leute ihr geld, also ihr eigentum, von der bank zurück wollen, dann kollabiert das system?! wtf ist denn das für ein konstrukt?!
#kapitalismus #CreditSuisse #SVB

Leftist Lawyer
2 months ago

This is a damn important article, if for no other reason, people's wallets guide their decision making. When people begin to realize climate change is hitting them in the #bank account, they'll begin taking it seriously. @breadandcircuses you might like this one.

#IPCC #Environment #Climate #ClimateChange #ClimateCrisis #ClimateAction #CO2 #KeepItInTheGround

https://eand.co/why-were-headed-for-the-mother-of-all-financial-crises-72eadac215c5

Grant R. Gulovsen
2 months ago

Something big seems to be happening.

Whether it's good or bad I have no idea. Way above my pay grade.

But seems important.

Coordinated central #bank action to enhance the provision of U.S. dollar liquidity

#fed #banking #ECB

https://www.federalreserve.gov/newsevents/pressreleases/monetary20230319a.htm

⚯ Michel de Cryptadamus ⚯
2 months ago

🚨Ω🚨
#TheCryptocalpyseChronicles: How Everyone Is Getting The Story Of Silicon Valley and Signature Bank Completely Wrong

(And other incomprehensible things, like #Coinbase's banking partnerships)

Ω👇Ω
https://cryptadamus.substack.com/p/how-everyone-got-the-story-of-silicon
#SVB #SIVB #SiliconValleyBank #SignatureBank #SBNY #SI #SilvergateBank #Coinbase #COIN #cryptocurrency #crypto #SigNET #Bank #banking #banks

Patrick
2 months ago

@rubenbolling The side that knows using the word woke will deflect blame from what's actually going on, because silly liberals are going to really make the fight about the word and nothing else since their policies lead to this.

And then the conservative businessmen and the liberal businessmen will laugh all the way to the next #bank because they both hate the left more than each other.

Rob Simmons
2 months ago

Learned about http://www.narrowbanking.org/ today and while the site loses two letter grades for mentioning Bitcoin positively, I think it still passes the smell test.

We live under fractional reserve banking, it seems inevitable, but so did the divine right of kings, etc. #svb #bank #collapse

Laffy
2 months ago

First Republic #Bank shares drop by record 67% at the open before trading halted

https://breaking.iavian.net/article/331892

Laffy
3 months ago

Via @atrupar

There were actually 16 #bank failures between 2017 and 2020. SVB Bank is the first to collapse since Biden took office. (source: https://www.fdic.gov/bank/historical/bank/)

Donald Trump Jr.:

I don’t remember banks collapsing under #Trump… but don’t worry guys it’s only a matter of time till Biden/media blames him for that too. It has nothing to do with high interest rates / fed rate hikes necessitated by record inflation caused by his out of control spending.

heise online
3 months ago
Andrei Zmievski
3 months ago

What are the odds? #svb #bank

Profile photo of Joseph Gentile, the Chief Administrative Officer, who used to be the CFO of Lehman Brothers.
Rob Simmons
3 months ago

It seems… pretty non ridiculous for a business to need a safe place to store several millions of dollars. I understand why FDIC insurance only covers $250k, but should there be a public banking option for the use case of “I need somewhere to put a few dozen million dollars over a period of a few years”? #svb #bank #collapse

RememberUsAlways
3 months ago

@yaypie

My charts tell me we are retesting June 2022 lows in the US Markets. People seem to be freaking out over a rando bank failure but all the other bank stock value haven't noticed.

We will retest October 2022 lows later this year.

#bank
#banks
#markets
#finance
#investing

Colin Sullender
3 months ago

Useful context on Silicon Valley Bank's relationship with tech clients

Source: https://nitter.net/bhargreaves/status/1634244961800429599

#SVB #SiliconValleyBank #SiliconValley #Bank #FDIC

Colin Sullender
3 months ago

Without getting too conspiratorial, I'm sure it's just a coincidence that the CEO and CFO of SVB Financial Group sold over $4.1M in stock last week.

Source: https://finviz.com/quote.ashx?t=SIVB&p=d

#SVB #SiliconValleyBank #SiliconValley #Finance #Bank #Investing #Stocks

Email from my #bank (appears to be legit)...
1. Not from their main domain.
2. Asks me to follow a link, also not their main domain, and enter lots of personal information to complete a "finances health check".
3. Includes "security advice" that emails from my bank will never link to pages that ask for personal information.
4. Says is is authentic because it contains my post code (which only my bank would know?)

And people wonder why everyone keeps getting #scammed ...

#security #scam #privacy

Christian Grobmeier
3 months ago

Dear fellow Germans: I need a new business bank account since my bank Fidor is closing. Any suggestions? #fintech #bank #germany #business

David Harvey
3 months ago

#Kiwis are losing $38 a week offshore to the four Aussie owned banks, and #EnoughIsEnough! #Debut #Bank is launching this year, and you can be a part of building it! https://www.makingdebutbank.co.nz/?userCode=9emnod0 https://mastodon.nz/@stonerough/109955265892102198

Ok #mastohjelpen. Det kan se ut som om vi har fått flytta boliglån til #spk og da er det naturlig å ta en fot i bakken på hvilken #bank som skal håndtere lønn og kort og sånn… er pr. i dag fornøyd kunde hos #sparebank1, men har sovende kontoer hos DNB, Nordea, en annen Sparebank1 osv.

Hvor er det lurest, billigst, etisk mest fornuftig å ha lønn- og forbrukskonti? Bien? Cultura? Bli hvor man er? Nordea har #applepay, det frister litt:)

Martin Spitzenberg
4 months ago

Auf der Suche nach einer nachhaltigen #Bank. Habt ihr Empfehlungen? Wichtig: sie sollte technologisch mindestens im Jahr 2021 angekommen sein.

I.T's pretty sad that due to #SSM™ like ☣️ #GammaGroup's ☣️ #FinFisher ☣️ #FinSpy ☣️ #Finsky & #NSOGroup's 🦄#Pegasus 🦄 & many other examples ☣️, that
imo, #onlinebanking has been #depreciated to #DoNotUse and #InPersonBanking & #InPersonATMsOnly are the only way to securely #bank in #infosec since the 2000's. ☣️

heise online
4 months ago

Apple Card: Kommt Apples Kreditkarte noch nach Europa?

In den USA gibt es die Apple Card seit 2019 – sie soll Millionen Kunden haben. Doch um eine mögliche Expansion in die EU ist es ruhig geworden.

https://www.heise.de/news/Apple-Card-Kommt-Apples-Kreditkarte-noch-nach-Europa-7459639.html?wt_mc=sm.red.ho.mastodon.mastodon.md_beitraege.md_beitraege

#Apple #AppleCard #AppleWatch #Bank #Banking #Finanzen #GoldmanSachs #Kreditkarten #iPhone

David Bombal
4 months ago

She hacked a billionaire, a bank ... and you could be next.

Do this now to protect yourself!

YouTube video: https://youtu.be/8MIIeIa25tE

#hacker #hack #hacking #infosec #cybersecurity #cyber #pentest #pentester #bank #billionaire #cnn @racheltobac

Finanzwende
5 months ago

Extrem gut vernetzt: Die Finanzlobby

Das Lobbynetzwerk der Deutschen Bank ist weit gespannt. Die #Bank ist in unzähligen Lobbyorganisationen und Verbänden vertreten. Damit wird klar, wie ausgeklügelt die #Finanzlobby Einfluss nimmt.
Der Einfluss der Finanzlobby auf die Politik muss eingehegt werden. Jetzt die Petition unterzeichnen! https://finanzwende.de/kampagnen/finanzlobby-in-die-schranken-weisen/

⚯ Michel de Cryptadamus ⚯
5 months ago

Signature Bank, FTX, and TrueUSD: A Tale of Questionable Judgement

A timeline of the intermingled histories of #FTX, #Binance, and their banking partners #SBNY and #Silvergate (#SI).

#TrueUSD #BUSD #PrimeTrust #Stablecoin #Bank
https://cryptadamus.substack.com/p/signature-bank-ftx-and-trueusd-a

Rob Dolin
6 months ago

@jeremiahlee First Technology Federal Credit Union supports sending physical checks. I’ve been using them as my primary #bank / #CreditUnion for 20 years. Highly recommended.

Alex Z | Writer
6 months ago

Bones litter the river's edge
It's not far to the opposite #bank, but there are no bridges that can span these waters
To cross, one must swim
And to swim, a blood sacrifice must be made
"But we have no sacrifice" I tell the old crone who has guided our group
She gazes at my three friends, chatting around the campfire
I swear I see her lick her cracked lips
"Perhaps you do not want to cross the river badly enough quite yet"
#vvs365
#WritingCommunity

Four skulls in the water with a river and trees in the background

"Truck Stop security called. No-one has claimed the money you turned in," David said. "Now you can go claim it. It's yours now."
The Better Angels got ready & headed out to the security station.
"Here you go, young er… ladies," the Sergeant said, not sure to whom to give the envelope.
"I'll take that," Zaza said. "Now we'll go to the #bank."
"No!" the others cried. "Candy!"
"If we deposit this," Zaza whispered. "I'll bet David will buy us candy."
"Bank! Bank! Bank!" they chanted.

#vss365

Terence Eden
1 year ago

People Don't Want To Run Their Own Bank

When I was young, I had a piggy bank. A piggy bank is incredibly secure. It's fairly big - so it is hard to lose. It is brightly coloured - so you can find it easily. No one else can see how much money there is in there. The only way to get money out is to smash it - providing visible evidence if someone has robbed you. And smashi

https://shkspr.mobi/blog/2022/02/people-dont-want-to-run-their-own-bank/

#/etc/ #bank #blockchain #crypto #money