ABSTRACT Fast radio bursts (FRBs) are radio transients lasting only about a few milliseconds. They seem to occur at cosmological distances. We propose that these events can originate in the collapse of the magnetospheres of Kerr–Newman black holes (KNBHs). We show that the closed orbits of charged particles in the magnetospheres of these objects are unstable. After examining the dependencies on the specific charge of the particle and the spin and charge of the KNBH, we conclude that the resulting timescale and radiation mechanism fit well with extant observations of FRBs. Furthermore, we argue that the merger of a KNBH binary is a plausible central engine for the potential gamma-ray or radio afterglow following certain FRBs and can also account for gravitational wave (GW) events like GW 150914. Our model leads to predictions that can be tested by combined multi-wavelength electromagnetic and GW observations.