Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 05-10-2023, 04:32 PM
 
5,145 posts, read 3,078,346 times
Reputation: 11023

Advertisements

Quote:
Originally Posted by Lowexpectations View Post
I didn’t claim all banks offset their risk so you simply are fabricating that. They can and the smart ones do. SVB a didnt and they went under, FRB a was a different case than SVB but you wouldn’t be able to under the nuances because basic facts escape you
Nuances? — lol — the “sound and resilient”, stress-tested banks didn’t have enough liquid assets to meet their obligations — tilt! We’ve seen this movie before and the rerun still sucks.
Reply With Quote Quick reply to this message

 
Old 05-10-2023, 06:53 PM
 
26,191 posts, read 21,572,016 times
Reputation: 22772
Quote:
Originally Posted by TimAZ View Post
Nuances? — lol — the “sound and resilient”, stress-tested banks didn’t have enough liquid assets to meet their obligations — tilt! We’ve seen this movie before and the rerun still sucks.
SVB didn’t go through stress test / capital ratio reporting so it’s clear you don’t know what you are talking about


Amazingly you failed to address the fact you completely fabricated something, not shocking though
Reply With Quote Quick reply to this message
 
Old 05-11-2023, 03:41 PM
 
4,935 posts, read 3,046,341 times
Reputation: 6727
Pacwest down 23% today, after almost 10% loss of deposits last week.
Looks like they are finished?.
Reply With Quote Quick reply to this message
 
Old 07-30-2023, 02:07 PM
 
Location: Orange County, CA
4,901 posts, read 3,358,391 times
Reputation: 2974
Another bank, this time in Kansas collapses:


https://www.youtube.com/watch?v=odhCBqew1aQ&t=827s
Reply With Quote Quick reply to this message
 
Old 07-30-2023, 02:08 PM
 
Location: Orange County, CA
4,901 posts, read 3,358,391 times
Reputation: 2974
This is addition to PacWest merging with Banc of California just a week or two ago.
Reply With Quote Quick reply to this message
 
Old 08-05-2023, 08:53 PM
 
17,874 posts, read 15,929,380 times
Reputation: 11660
Is this another GFC brewing, or have we figured out how to hide the problems, and make it play it out over a longer time?
Reply With Quote Quick reply to this message
 
Old 09-06-2023, 09:53 AM
 
4,935 posts, read 3,046,341 times
Reputation: 6727
[quote=NJ Brazen_3133;65651044]Is this another GFC brewing, or have we figured out how to hide the problems, and make it play it out over a longer time?[/quote


The Great recession played out over 4 years; we're in 2008.
Signature bank just went down.
Retailers already know what's coming, as I just saw holiday stuff on sale...in September.!
I've never seen that, and restaurants last weekend had few customers; almost all of which being boomers.
And banks are accumulating cash positions, AMEX being one; I just paid them off...but apparently they're expecting the opposite.
Reply With Quote Quick reply to this message
 
Old 09-06-2023, 10:34 AM
 
Location: 5,400 feet
4,861 posts, read 4,796,455 times
Reputation: 7942
Quote:
Originally Posted by Sunbiz1 View Post
Signature bank just went down.

Signature went down 5-6 months, primarily due to overlending to the cryptocurrency industry. The FDIC just started trying to deal with their assets.
Reply With Quote Quick reply to this message
 
Old 09-06-2023, 11:13 AM
 
4,935 posts, read 3,046,341 times
Reputation: 6727
Quote:
Originally Posted by jiminnm View Post
The FDIC just started trying to deal with their assets.

Which no other bank can afford to buy, as their commercial backed mortgage securities are already problem for many banks.
Reply With Quote Quick reply to this message
 
Old 09-27-2023, 01:58 PM
 
22 posts, read 13,423 times
Reputation: 38
Quote:
Originally Posted by Lycanmaster View Post
Another bank, this time in Kansas collapses:


https://www.youtube.com/watch?v=odhCBqew1aQ&t=827s

Thank you for this video; I heard some really useful and valuable information there. I've heard about the bank crisis a lot, but to be honest, I'd never gotten into details because I have very little amount of money in a bank, so I'm not that afraid if something happens to the bank. But I can imagine how hard it may be for people with big deposits or small businesses who often rely on local banks.
And because of that situation, I also started reading more about neobanks, which are or can be good alternatives to traditional banks. Of course, I understand that some of them may also be closed if they are not profitable. Neobanks have drawn in millions of consumers to their checking or savings accounts with lower costs and more technology-driven perks than traditional banks usually provide. I also use Wise and Transfergo, and honestly, I like such an experience more than when I go to a local bank. And now I'm really curious how the situation will change with such a bank crisis. There is a lot of information online about bank crisis and neobanks, I also read one good article about neobank creation, which integrations there should be to provide customers the best experience and so on. And now I'm trying to read more about all that because the situation is changing and I really want to know what to expect, because maybe now I don't have a lot of savings, but I need to be ready for the future and need to know what to do with money, and how to save them and myself from troubles.
Is here someone who also uses neobanks, or do you keep all the money in local banks?
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top