Banks Collapsing

WTF is going on here?  Credit Suisse also failed after Silicon Valley Bank and is now being saved by the Swiss Government and UBS.

How are these ****s being allowed run themselves into the ground yet again??  And of course the obligatory bail out.

Silicon Valley there's no bailout for the bank, shareholders and bondholders lost everything. Customers deposits were secured because otherwise everyone in America would move their money from small banks to big banks and they'd all go to abut 3 big banks. America has a load of small regional banks.

Credit Suisse is a bailout, though they'll try to avoid calling it that. I'm not too sure what the underlying issue is there but listening to some commentators over the weekend, there were only 3 options, the other two ("wind down the bank" and "nationalise the bank") were less attractive options for everyone. Shareholders here lost a rake of cash too (it was $12 a share 2 years ago, they're getting 80c now).