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Why Banks Fail : Unrelenting Bank Runs, The Conundrum of Central Banking & South Africa’s Place in the Global Order
In a world where banks are perceived as unshakeable fortresses, there is a worrying truth that lies just beneath the banks are far more fragile and fail more frequently than we choose to believe.
In the US alone, more than 560 banks have failed since the turn of the century. In South Africa, the collapse of Saambou in 2002 sparked the A2 Banking Crisis, which saw half the country’s banks deregistered in the aftermath. In 2023, the high-profile failures of Silicon Valley Bank, First Republic Bank, Signature Bank and Credit Suisse dominated global headlines and set off waves of panic across the international banking landscape.
Why do these large financial institutions with hundreds of billions on their books fail out of the blue?What role do central banks play in these dramatic failures?How can the global financial system be reformed to be more resilient, and what path should South Africa take?
From the authors of the bestselling The End of Money comes a handbook for understanding how banking has evolved over time and why it operates like it does today – essential reading for anyone interested in the banking sector or financial industry.
In the US alone, more than 560 banks have failed since the turn of the century. In South Africa, the collapse of Saambou in 2002 sparked the A2 Banking Crisis, which saw half the country’s banks deregistered in the aftermath. In 2023, the high-profile failures of Silicon Valley Bank, First Republic Bank, Signature Bank and Credit Suisse dominated global headlines and set off waves of panic across the international banking landscape.
Why do these large financial institutions with hundreds of billions on their books fail out of the blue?What role do central banks play in these dramatic failures?How can the global financial system be reformed to be more resilient, and what path should South Africa take?
From the authors of the bestselling The End of Money comes a handbook for understanding how banking has evolved over time and why it operates like it does today – essential reading for anyone interested in the banking sector or financial industry.
230 pages, Kindle Edition
Published October 25, 2023
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February 19, 2026
This book was worth all the money I spent on it. It was such a well researched and insightful read.
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