News flash: All banks are insolvent. Just fractional banking makes them naturally insolvent. Combine that with derivative exposure, it's impossible not to be insolvent.

What they probably mean is, other banks that have failed due to large derivative exposure and their subsequent collapse is now a contagion, causing other banks to come crashing down.

This isn't a secret to most financial people, but most depositors have no clue banks have never been solvent.

It's highly likely that they are all insolvent.

Just ballparking but if 10% demand their money wouldn't that do it?

I still want to know how holding assets to maturity ever became part of GAAP. It's absolute madness.