JPMorgan, Morgan Stanley, Others in Talks to Bolster First Republic

Time for swallowing small fish by bigger ones...

What do you mean?

big banks taking over small banks

Exactly!
HSBC took SVB for 1pound,now JPM and MS will take First Republic...will continue...

GBPUSD will go up?

Not sure...I am not in FX

Charlie Munger, Jamie Dimon, and countless other crypto stalwarts kept ranting for several weeks--after the FTX implosion--about how the various regulations (in the traditional finance industry) would have prevented all of the losses ... (blah blah blah).

FTX "only" lost around $5 billion (due to various shenanigans); SVB lost more than quadruple of what FTX lost.

Why are those critics, the regulators, grand standing politicians, etc silent now?

IMHO, the regulators and politicians need to clean house and fix the currently broken regulations for the traditional finance industry--before trying to tackle applying that mess to crypto.

Coins and/or tokens stored in a hardware wallet are immune to CEX implosion and bank runs. I also find them to be a nice addition to a diversified portfolio (containing assets from multiple asset classes [including some fiat cash--in case the power goes out for a while]).

Too big to fail are backed by Fed.
So when too big to fail back a not too big to fail, this is an off balance sheet bailout by the Fed.

Why else would all the Gov powers involved make a statement about what too big to fail banks are doing.

Providing Liquidity alone however will not stop a recession from coming.

The depositor took the money out of First Republic Bank, then deposited it with JPMorgan, Morgan Stanley, and finally this money was deposited back into First Republic Bank.
So, in the end, it's the average person who pays the bill?

[quote=lucaswalliam;14364289]The depositor took the money out of First Republic Bank, then deposited it with JPMorgan, Morgan Stanley, and finally this money was deposited back into First Republic Bank. So, in the end, it's the average person who pays the bill?[/quot

You touch upon something that is evolving and is going to impact markets.
There is a two tier banking system in effect.
There are those who are part of the inside club and everyone else who is not.

As to the everyone else which is the bulk of people, they are questioning how they are going to preserve their own assets. Fairly obvious that there is no mechanism which is a broad stroke to make whole, as unless a person is well heeled or politically connected you are shit out of luck.

This shakes confidence and will continue to do so. Well evidenced as the recent runs on banks is likely not over.

Where people move their assets to protect from loss becomes a market mover. As I posted quite recently Land and Food become refuge assets for everyday people.

If you can, get your money out of the banks and
into real appreciating assets - artwork, antiques, physical AU and AG in your possession, do not hold a mortgage or grant any deposits.
Farmland is a pretty solid and safe investment atm as Bill Gates knows, along with certain handpicked shares in growth, secure , and some new industries .....