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.
PACW, WAL, MCB, KEY, HBAN, ZION all appear headed down the same path as SVB and First Republic. After that, we get into some of the more established names like CMA, USB, and TFC. If all those go, then money center banks BAC and WFC will likely require a bailout of some form to stay afloat. Gonna get nasty, the banking crisis is just warming up imo.
PACW, WAL, MCB, KEY, HBAN, ZION all appear headed down the same path as SVB and First Republic. After that, we get into some of the more established names like CMA, USB, and TFC. If all those go, then money center banks BAC and WFC will likely require a bailout of some form to stay afloat. Gonna get nasty, the banking crisis is just warming up imo.
They lost 2.77% of their deposits in Q1. It seems they’re in better shape than most regional banks but I wouldn’t consider them safe either if these failures continue to gain steam. But if you have less than $250k with them you’re fine (unless TGA/FDIC run out of money of course).
They lost 2.77% of their deposits in Q1. It seems they’re in better shape than most regional banks but I wouldn’t consider them safe either if these failures continue to gain steam. But if you have less than $250k with them you’re fine (unless TGA/FDIC run out of money of course).
Don't worry, I have FAR less than $250k with them. Thanks!
Don't worry, I have FAR less than $250k with them. Thanks!
Ok. You’re fine then unless Congress fails to raise the debt ceiling in a few weeks. If that somehow happens (I don’t expect it to but who knows these days), you want to move that money into JPM.
Man you guys are just magnets for the latest noise/news of the day. 6 months ago you were all about how “70s inflation is coming back”. What happened to that story?
Now you’re on the “ 50% of the banks are insolvent” train. There’s always going to be something that sounds really really scary in the news. Always. Having long term investment money being dictated by the noise is a recipe for failure. We have a century of history that has proved that.
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.
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.
