A few months ago Silicon Valley Bank evaporated in a matter of days. Poof. This weekend, First Republic Bank was destroyed by a classic bank run and stock implosion.
I am surprised that Banks are allowed to publicly trade stock. This industry, for the better part of a decade, has been enabled by the US Government lending money at 0%, which the banks then lent to citizens at over 4% for homes and 8% for cars. Where is the value here? If the government were interested in stabilizing the economy and the real estate market, it would offer people low interest home loans direct from the Treasury. The people who process the paperwork and qualify the customers are simply service companies. Instead we get high interest rates and 20% inflation.
Commercial and industrial customers with actual tangible business have lots of options to raise capital – they do not need banks.
Classical Metaphor 