4 ms·

why? IE, why does this matter for HN in your opinion? generally curious as it seems like a non issue Adjusted for inflation is this in the top 10 versus the 80

• DonsDiscountGas 3y ago
  Well maybe you're not interested in it so downvote away. Like many people I'm at least mildly interested in news that affects a lot of people, even if it doesn't affect me personally today. According to wikipedia, second largest by assets: https://en.wikipedia.org/wiki/List_of_largest_bank_failures_in_the_United_States https://en.wikipedia.org/wiki/List_of_largest_bank_failures_... I haven't researched this thoroughly, but I think the banking sector (like many other sectors) has been concentrating a lot over the years. So in the 80s we had many small bank failures, and in 2008-2010 we had many many small+medium bank failures (+WaMu, the largest in US history), and today we have a few large bank failures (so far).
  • bwb 3y ago
    I didn't downvote :); that is others, I guess. Right, but the concentration isn't a bad thing just because it is concentrated. It might just be a reflection of the changing nature of the world (globalization, finance changes, etc). I checked, and currently, there are 4,844 banks in the USA. There are also 4,759 credit unions, but I am not sure if that is also included in the bank numbers.
• gonzo41 3y ago
  A tight credit market affects valley companies. If there's a liquidity squeeze/crisis then startups may have to face real world challenges like actually making money.
  • bwb 3y ago
    Gotcha, makes sense :)