Independent thinking for complex markets and current events
Source: https://www.federalreserve.gov/releases/chargeoff/delallsa.htm TLDRS Delinquency Rates on Loans and Leases at Commercial Banks are spiking! Credit Card delinquencies up! All consumer loan deliquesces are up! Delinquency Rate on All Loans, All Commercial Banks is up! https://dismal-jellyfish.com/banks-alert-delinquency-rates-surge/ h/t Dismal-Jellyfish
Moody’s Investors Service has revised the rating outlook to negative for Bank of America, JPMorgan Chase, and Wells Fargo, citing concerns about the U.S. government’s potentially weaker capacity to support systemically important banks. Despite the negative outlook, bank stocks rallied following subdued inflation data. Moody’s maintained a stable rating for Citigroup’s debt amidst these developments. …
Representative Jim Banks accuses Nancy Pelosi of blocking him and Jim Jordan from investigating January 6th, alleging that the committee is part of a cover-up and a partisan agenda. Banks claims that Pelosi is afraid of a real investigation and doesn’t want Americans to find out what truly happened on January 6th. He highlights specific …
Central banks are stuck, and the way governments handle money is causing trouble. Many people who suggest where to invest don’t have much gold in their plans right now. But, history shows that big money sources are starting to change and invest more in gold, making it a really good opportunity to consider. My thesis …
Escalating delinquencies in commercial real estate loans, a shrinking S&P 500 real estate sector, and plummeting property values paint a dire picture, hinting at an imminent banking crisis. With soaring mortgage payments and declining retail sales, the signs point to an urgent and potential economic crisis. Delinquent commercial real estate loans at US banks have …
As we approach the new year, a shift toward credit risk is expected, replacing interest-rate concerns, according to Mohamed El-Erian. The recent steep drop in October’s Producer Price Index (PPI), the largest since April 2020 during the Covid lockdown, heightens worries. Fitch predicts ongoing challenges for US regional banks in 2024, and with earning trends …
https://www.youtube.com/watch?v=9lSUQBnyqN4 Banks are closing down personal accounts without any notice, according to a new report released by the New York Times. That comes as the credit crisis continues to worsen and hurt Americans financially. Banks are now trying to reduce the risk of losses and failures, even if that means leaving people without access to …
The financial landscape is in tumult as repo rates soar, with banks heavily borrowing to address liquidity concerns and a looming specter of potential economic deflation. Adding to the complexity, Chinese banks have entered the scene, issuing an extraordinary volume of short-term debt at penalty rates, coinciding with unusual activities by the Chinese Communist Party …
Bloomberg’s report on the Fed’s apprehensions regarding US commercial office space and interest rates raises alarming flags. Moody’s staggering estimate of potential unrealized losses, reaching a colossal $650 billion within US banks’ securities portfolios, points to an imminent and deeply concerning crisis looming over the banking sector. The Fed sees risks for banks from US …
Japan’s SoftBank hit with $6.2B quarterly loss as WeWork, other tech investments go sour Tokyo-based SoftBank loss totaled 931 billion yen ($6.2 billion) in the last quarter, a reversal from the 3 trillion yen profit it posted in the same period a year earlier. …. That has been highlighted by the troubles at WeWork, which …
When banks and companies extend $1 trillion in credit card debt and struggle to collect, it has far-reaching consequences. It leads to substantial financial losses, impacting profitability and lending capacity. Shareholders and investors witness a decline in the value of their stocks or company shares, affecting market value as seen with $C, $GS, and $BAC. …
via naturalnews: Big Banks all over the world are breaking records after laying off tens of thousands of employees, including over 20,000 American workers. Scotiabank, one of Canada’s Big Five banks, announced recently that it is cutting about three percent of its global workforce due to changes to its operations and customers’ preferences, along with continuing efforts …
Bank of America $BAC has a $130 billion unrealized loss on their balance sheet and only has $29 billion in income in the last 12 months. pic.twitter.com/MC6LY3ET2F — Kevin Malone (@Malone_Wealth) November 8, 2023 WSJ: Big Banks Cook Up New Way to Unload Risk “U.S. banks have found a new way to unload risk as …
by confoundedinterest17 President Joe Biden and his boss Barack Obama remind me of the legendary corrupt Chicago politicians First Ward Alderman Michael “Hinky Dink” McKenna and “Bathhouse” John Coughlin. And their love of “boodle” (a slang term money, gained (Biden family payoffs from foreign countries), or spent improperly (Obama shipping large pallets of cash to US enemy …
Central banks globally bought 337 tons of gold in Q3 2023, part of a broader trend. China, the top global gold producer, purchased 181 tons during the first nine months of 2023, contributing to a total of 800 tons acquired by central banks worldwide. This aligns with China’s strategy to reduce its reliance on the …
The reasons vary, but the scene that plays out is almost always the same. Bank customers get a letter in the mail saying their institution is closing all of their checking and savings accounts. Their debit and credit cards are shuttered, too. The explanation, if there is one, usually lacks any useful detail. Or maybe …
by Michael In recent weeks there have been numerous high profile bank “glitches”, accounts are being shut down without warning at a staggering rate all over the nation, and more institutions continue to get into very serious financial trouble. For a while, I was ignoring some of these reports because I thought they were isolated …
List of Global Systemically Important Banks (G-SIBs) from 2022 Credit Suisse is gone now but basically these are the banks that governments will rescue or roll up into another bank. https://t.co/gogL4CexUO pic.twitter.com/hICXqTAYu9 — Financelot (@FinanceLancelot) November 4, 2023
*SWITZERLAND, BANKS DISCUSS NEW RULES TO STOP BANK RUNS: REUTERS Why? If UBS goes down it's game over — zerohedge (@zerohedge) November 2, 2023 JUST IN: Following the implosion of Credit Suisse earlier this year, 🇨🇭 Swiss authorities and UBS are considering ways to prevent bank runs 👀 They're exploring options like spreading withdrawals over …
Because a potential UBS failure would threaten a domino effect in global financial system? *SWITZERLAND, BANKS DISCUSS NEW RULES TO STOP BANK RUNS: REUTERS Why? If UBS goes down it's game over — zerohedge (@zerohedge) November 2, 2023 Exclusive: Swiss authorities, banks mull new rules to prevent bank runs -sources LONDON/ZURICH, Nov 2 (Reuters) – …
The chart of the month. pic.twitter.com/CqoTsgzPKl — Mac10 (@SuburbanDrone) October 31, 2023 Bank Stocks have fallen to their lowest prices in more than 3 years, even surpassing the lows of the Silicon Valley Bank collapse in March pic.twitter.com/OfHUBm6c92 — Barchart (@Barchart) October 29, 2023 Is Powell done hiking? The 10 yield says no, but …
The Royal Bank of Canada raises concerns about Canadian homeowners facing potential payment shocks, especially as 60% of Canadian mortgages are set to renew within the next three years. The Royal Bank of Canada is warning that Canadian homeowners could experience a payment shock unless interest rates significantly decrease. 60% of Canadian mortgages will renew …
Sweden’s central bank is in dire need of a taxpayer bailout, joining the Bank of England, which received $35 billion in assistance the previous year. This trend is indicative of central bankers turning to already financially burdened taxpayers for support. The figures are even more staggering for the Fed, with a deficit exceeding a trillion …
Auto loans are fucked pic.twitter.com/SkOzrOrzsx — Darth Powell (@VladTheInflator) October 28, 2023 Car Owners Fall Behind on Payments at Highest Rate on Record The risk of vehicle repossession is rising for many Americans facing a budget crunch. Americans are falling behind on their auto loans at the highest rate in nearly three decades. With interest …
$100,000,000,000 in Deposits Exit US Banking System in Three Weeks As Fed Survey Says Banks Face Financial Stability Risks People and businesses are withdrawing billions of dollars in deposits from US banks as a new survey details concern on the state of the financial sector. The latest numbers from the Federal Reserve Economic Data (FRED) …
Banks are back at the lows of 2023, because manipulated earnings expectations are better than feared. pic.twitter.com/jdnDR9xHUv — Mac10 (@SuburbanDrone) October 24, 2023 https://twitter.com/1CoastalJournal/status/1716947500324823156 🚨Barclays -6.79%PacWest Bancorp -8.90%Banc of California -6.30% https://t.co/vlJ29i67SX — Financelot (@FinanceLancelot) October 24, 2023 #recession … #GFC2 US #Banks edition#Banking $BKX $XLF $KRE $PACW 📉🥶 https://t.co/RCdzN3vXSy pic.twitter.com/1LRhK1Rzkj — Invariant Perspective (@InvariantPersp1) …
Canadian banks appear to be following a familiar pattern, as they typically do during economic crises and recessions. The current signs of an accelerated decline indicate that a challenging period may indeed be on the horizon, with potential economic turbulence ahead. Canadian banks are in an accelerated decline now, just as they've done for every …
"Subprime is contained" pic.twitter.com/P6zBYmsXIC — Don Johnson (@DonMiami3) October 21, 2023 Any bank that writes a lot of residential mortgages is cutting people. The refi business is in a coma and sales volume is way down 🚨 If they have a portfolio of loans on commercial property, they likely have a problem. pic.twitter.com/M4lGSIPQ8f — Wall …
! — Elon Musk (@elonmusk) October 20, 2023 What’s Going On With the Banks? Morgan Stanley Crashing The Most In 3 Years! Financial stocks are facing a significant downturn today. Notably, Morgan Stanley’s stock has taken a nosedive, experiencing its steepest drop since the covid collapse and hitting a three-year low. While the larger financial …
00:00 – Intro 01:47 – US Food Inflation Squeeze 03:52 – ‘In 1906’ – 9 Meals Away From CHAOS 05:07 – SHOCKING Number On SNAP Benefits 06:51 – The USA Wealth Divide Is Apparent 08:27 – How Bad Will it Get!? 11:22 – Less Help, Bigger Issue 13:07 – 1 in 25 Needs EMERGENCY Food! …