2023-03-13

08:57

Now to today’s presumably by far lowest-level question –

Why did the banks collapse?

There were higher interest rates further up but that shouldn’t break a bank? Has there then been bankruptcies among those who borrowed money from the banks so they had to make write-offs?

Or do the banks have a large deposit base with variable interest rates and then locked deposits at fixed rates or something?

Then all three banks are in the IT sector, was it connected or is the sector higher risk than others?

Don’t quite understand the triggering factor here.

09:07

Greenious’ post above answered this.