Dogebank

Summary

Recently, the banking industry is facing a crisis moment. Silicon Valley Bank, Signature Bank and SILVERGATE have gone bankrupt one after another. First Republic Bank is facing major risks. Credit Suisse was acquired by 40% of the stock price. Its 170AT1 bonds were liquidated overnight. (CMBS) has also defaulted, and the risks of small and medium-sized banks continue to increase, which has brought unprecedented shocks to all banking industries and the current economy. As more banks and financial products have problems, the possibility of problems has increased significantly. If the Fed maintains a hawkish strategy and continues to raise interest rates, it will lead to more serious risks in the existing financial system. These are all signs of an impending recession. In this case, we have to think about where we should put our money. At DogeBank, we believe in the power of the community to overcome the challenges of the current economic environment.