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Wow. I hope this won’t spread further. Looking at DAX, Deutsche Bank shares dropped as well as HSBC. When I first read the news, I thought about another hit fo
by drinchev 4y ago
Wow. I hope this won’t spread further. Looking at DAX, Deutsche Bank shares dropped as well as HSBC.
When I first read the news, I thought about another hit for the crypto, however looking at what happens I’m a bit worried where will the avalanche reach next Monday.
Stay safe folks!
- cm2187 4y agoBoth DB and HSBC have an LCR of around 130% so in theory able to sustain a bank run (depending on the magnitude - I think LCR is calibrated on a post Lehman scenario).
- tejohnso 4y agoWhy wouldn't events like this reinforce the value of crypto as an alternative to traditional big bank big gov't currency? It's operated in a completely different way that isn't based on debt creation.
- dogma1138 4y agoBecause crypto doesn’t change anything, exchanges had liquidity issues and went under in the same way as SVB did… Crypto isn’t magic its just a glorified balance sheet. And today it’s even more complicated since you need to exchange crypto for actual money so there is another layer of liquidity risk.