banks

Bank Run Alert! $70 billion withdrawn from commercial banks last week (8/23-8/30). $889 billion in deposits has been pulled since the all time hit 4/13/22. It looks like the bank run is back to picking up speed!

by Dismal-Jellyfish https://fred.stlouisfed.org/series/DPSACBW027SBOG https://www.federalreserve.gov/releases/h8/20230825/ A tad over a year ago (4/13/2022) the high was hit at $18,158.3536 billion: Date Deposits, All Commercial Banks (billions) Down from all time high (billions) 4/13/2022 $18,158 0 2/22/2023 (Run picks up speed) $17,690 -$468 billion 3/1/2023 $17,662 -$496 billion 3/8/2023 $17,599 -$559 billion 3/15/2023 $17,428 -$730 billion 3/22/2023 $17,256 …

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A massive credit card debt catastrophe is coming. Even though we are not yet in a recession, banks are already perilously close to collapse.

Default rate on credit card loans from small lenders is now higher than: Dot Com bubbleFinancial CrisisC-19 Buckle up. pic.twitter.com/1dBkzHOI1X — Bravos Research (@bravosresearch) September 7, 2023 Americans are defaulting on their credit cards and auto loans at levels not seen since the financial crisis. The current accumulation rate of credit card debt may lead …

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Banks constrain liquidity, causing tightening as money market funds suck up deposits, provision for credit losses, impacting consumption

Banks are tightening lending standards consistent with levels that have ALWAYS led to a recession Buckle up pic.twitter.com/OjXqe4OpZN — Bravos Research (@bravosresearch) September 4, 2023 https://twitter.com/RJRCapital/status/1698498854453227530 The current yield curve inversion is at the same level as 1928. Let that sink in. pic.twitter.com/zEEaqCMETP — Bravos Research (@bravosresearch) September 4, 2023

US Banks Are Close To Insolvency; Enter BTFP

by WhatCanIMakeToday This NYU paper [Why do banks invest in MBS? (March 2023)] says rising interest rates have led to unrealized bank loan losses of about $1.7 trillion which is only slightly less than total bank equity capital of about $2.2 trillion. Interest rate risk beyond MBS: The estimated losses on securities are only part of the total unrealized …

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They are not saving the financial system; they are buying banks time.

They aren't saving the financial system. They're buying the banks time to unload their positions. https://t.co/VJwzpZ471r pic.twitter.com/M3nl4eQEuB — Financelot (@FinanceLancelot) March 28, 2023 ‘Current unrealized losses in the US banking system is -$1.8 trillion out of only $2.2 trillion capital With corporate taxes due Sep 15 & possible gov shutdown Oct 2, the general public …

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The system is rigged. Banks got you by the B*lls!

by AC I’ve got a splinter in my mind that’s driving me nuts, and it’s about banks, interest rates, and inflation.So back in 2008, banks and insurance companies were negligent, greedy, and irresponsible and almost crashed the global economy to the point where tax payers had to bail them out for fear that it would …

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15 Banks Collapsing All Around Us

https://www.youtube.com/watch?v=lLYrzD4-5zM America is about to see a cascade of bank failures, and the future of hundreds of regional banks is on the line right now. The collapse of Silicon Valley Bank, Signature Bank, Credit Suisse and First Republic marked the start of a reckoning in a sector that is being severely impacted by rising interest …

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Banks are Failing… Entire system going bust!

These Babylonian systems are being judged. The banking system is about to blow! Get your house in order… Too much leverage in the system. Small banks own 14% of commercial real estate loans Delinquency rates for CMBS loans just hit 5% in July Regional banks are not out of the woods yet pic.twitter.com/20rx5BPzPr — Peter …

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‘Market not happy as exploding money market yields pressure banks to raise deposit rates or face mass exodus.’

Speaking of under-funded banks, Schwab just announced they are cutting jobs AND raising debt. https://t.co/Bd8grqcl0J Market not happy as exploding money market yields pressure banks to raise deposit rates or face mass exodus. pic.twitter.com/ugidUJHuIW — Mac10 (@SuburbanDrone) August 22, 2023 Financial stocks are dropping, moar BTFP liquidity is needed — Alessio (@AlessioTMAD) August 22, 2023

Charles Hugh-Smith: No, Central Banks Won’t Save Us This Time

via Charles Hugh-Smith  So hey, central bank cheerleaders, lackeys, toadies, apologists, apparatchiks and sycophants: no, the central banks aren’t going to “save” your precious asset bubbles from popping. There’s a fanciful confidence afoot that central banks will once again coordinate a global “save” as markets careen out of control. They won’t. There are many reasons for …

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“These vulnerabilities will remain for some time.” Fitch Ratings lowered the operating environment score for U.S. banks in June to ‘aa-‘ from ‘aa’ mainly due to structural uncertainty around the path and rate of monetary tightening & gaps in in the regulatory framework.

by Dismal-Jellyfish https://www.fitchratings.com/research/banks/further-cut-to-us-bank-oper-environment-score-would-require-structural-change-17-08-2023 Fitch Ratings-New York-17 August 2023: Fitch Ratings lowered the operating environment (OE) score for U.S. banks in June to ‘aa-‘ from ‘aa’ mainly due to structural uncertainty around the path and rate of monetary tightening and gaps in in the regulatory framework. The lowering of the OE score did not negatively affect the ratings …

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Minutes of the Federal Open Market Committee, July 25-26, 2023: “Various participants commented on risks that could affect some banks, including unrealized losses on assets resulting from rising interest rates, significant reliance on uninsured deposits, and increased funding costs.”

by Dismal-Jellyfish Source: https://www.federalreserve.gov/monetarypolicy/fomcminutes20230726.htm Developments in Financial Markets and Open Market Operations: The manager turned first to a review of developments in financial markets over the intermeeting period. Market participants interpreted data releases as generally demonstrating economic resilience and a further easing of inflation pressures. The market-implied peak for the federal funds rate rose in response …

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Uncoordinated central banks causing risk in today’s economic climate.

The biggest risk that today's pundits are universally ignoring is the fact that unlike during the pandemic, all of these central banks are now totally uncoordinated in their actions – some pausing, some tightening, some easing. Which will make this a TOTAL CLUSTERFUCK. pic.twitter.com/JDo7PGE1NF — Mac10 (@SuburbanDrone) August 16, 2023 Global tightening, debt, tech bubbles, …

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Democrat-malgoverned US cities face biblical wipeout of CRE values, affecting banks and pension funds.

San Francisco’s $1.2 billion Hayes Point tower stops construction over rampant crime and homelessness The developer behind a major San Francisco building project has halted construction over poor market conditions as crime and homeless continue to deter retailers and customers from the downtown area. Hayes Point, a $1.2 billion tower in the heart of San …

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International students are abusing Canada’s food banks system to game for free food. Viral videos being sent back east to encourage more abuse..

A viral social media post over the weekend has shed light on a new trend taking place among international students living in Canada. International students that arrive in Canada on student visas are filming themselves going to food banks to get “free food” as a way to save money seemingly without any shame or remorse. …

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British Lose Confidence in Banks

by Martin Armstrong Britain’s four largest banks have reported that clients have withdrawn £78 billion, marking the steepest bank run since 2018. NatWest, Barclays, Lloyds, and HSBC all reported significant withdrawals in the 12 months leading up to June 2023. Worsening matters, the House of Commons Treasury Committee accused the four banks of “blatant profiteering” and “squeezing …

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