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An Update On The "March Banking Panic" | Weekly Round Up
Forward Guidance
Western Alliance Bank Corporation's Stock Collided Utterly the Monday After the Fall of Silicon Valley Bank
Jack Drexler: Western Alliance Bank Corporation had seen some pretty vicious outflows the week or two weeks after Silicon Valley, you know, early March. He says when CEOs blame short sellers on their poor performance, he thinks it's a "totally lame excuse" The CEO of Bank of America is even saying that the word 'crisis' is too dramatic now and should be used to refer to a tremor rather than a crisis., Jack writes. Blockworks is hosting an event called Permissionless in September. It's a crypto event where lightning will strike twice this year; tickets have gone up about 10 times since last year.
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