Independent thinking for complex markets and current events
! — 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 …
Morgan Stanley’s stock takes a significant dive, while Bank of America sees a decline in deposits, albeit slower than JPMorgan Chase, amid increasing competition for deposits. The U.S. commercial property sector is experiencing its highest distress level in a decade, with significant debt and defaults among major players, hinting at an impending reckoning as substantial …
via geofinancialnews: Declining credit quality metrics in Commercial real estate lending pushed several banks to reduce their exposures to the sector by offloading loans related to the asset class, particularly office loans, in the second quarter. US banks’ commercial real estate loan portfolios showed signs of increasing stress During the second quarter, the net charge-off …
“Most of these buildings have mortgages with interest rates of less than 4%,” he said. “Now the Fed has raised rates to 5.5% terminal rate, which means these mortgages are going to be refinanced at 9% to 11%." Read more: https://t.co/yPg1zgXsR9 — unusual_whales (@unusual_whales) September 27, 2023 US housing affordability is worse today than the …
Lobbyists Grab Control at House Financial Services Hearings, Backing Jamie Dimon’s Push to Gut Higher Capital Proposals We’re very sorry to have to tell you this, but if you’re not watching Senate Banking or House Financial Services Committee hearings when the topic is about increasing bank capital or any new regulations to make the …
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 …
by Dismal-Jellyfish Source: https://www.fdic.gov/news/press-releases/2023/pr23071.html Today, the Federal Deposit Insurance Corporation (FDIC) announced the start of a marketing process for the approximately $33 billion Commercial Real Estate (CRE) loan portfolio retained in receivership following the failure of Signature Bank, New York, New York. The majority of the CRE loan portfolio being marketed is comprised of multifamily properties, …
by confoundedinterest17 We are back in the USSR! And the economy taking commands from Washington DC! Introduction During the COVID-19 pandemic the occurrence of remote work jumped, out of sheer necessity. The technology was already available, but the pandemic accelerated its adoption and bypassed the hesitation of employers to allow people working from home. In many cases, …
WeWork is in serious trouble, and it could be the canary in the coal mine for the US commercial real estate sector. What’s going on at WeWork? WeWork dropped a bomb in in its second-quarter earnings on Tuesday. “As a result of the company’s losses and projected cash needs, combined with increased member churn and …
Moody’s cuts US banks due to rising funding costs and Rising risk tied to Commercial Real Estate (CRE) loans Moody’s Investors Service hs lowered credit ratings for 10 small and midsize US banks and said it may downgrade major lenders including U.S. Bancorp, Bank of New York Mellon Corp., State Street Corp., and Truist Financial …
@Vin-pd7mh 5 hours ago Majority of buyers had no clue in 2007-2008 that they are buying at the top because of the FOMO. History is repeating it self.
by Dismal-Jellyfish Reminder, while banks have the liquidity fairy, ‘we’ get the promise of 2 more rate hikes this year, Atlanta Fed President Raphael Bostic yet again enrichens himself inappropriately from his position. What I want to talk about this afternoon is–Commercial and Industrial Loans, All Commercial Banks. What are Commercial and Industrial Loans? Commercial and Industrial (C&I) …
This is fine: https://twitter.com/multi_finance/status/1683202109150494723 h/t Simian_Stacker
by Dismal-Jellyfish I would like to review a few items this morning: Commercial deposit withdrawals Bank Term Funding Program (BTFP) making up for gaps Todays notice from FDIC banks aren’t correctly reporting the amount of deposits they have that aren’t covered by federal insurance*. \When banks incorrectly report uninsured deposits, it could create a perception …
by confoundedinterest17 No, this isn’t a John Kerry/Greta Thunberg hysterical warning about climate change. But a storm created by 1) Biden/Congress spending splurge and 2) excessive monetary stimulypto by The Federal (Feral) Reserve. Now that The Fed is withdrawing the excess stimulus, we are seeing a world of pain for commercial real estate. A financial …
The commercial real estate crash is happening.📉 Values for office, retail, and apartment buildings are already down -11%. Morgan Stanley thinks values could crash -40% when all is said and done. Big problem for US Economy. pic.twitter.com/iA64qrjfsS — Nick Gerli (@nickgerli1) July 10, 2023 2) We're already seeing owners of office buildings, malls, and apartments …
by Dismal-Jellyfish Reminder, while banks have the liquidity fairy, ‘we’ get the promise of 2 more rate hikes this year, Atlanta Fed President Raphael Bostic yet again enrichens himself inappropriately from his position. What I want to talk about tonight is something new–Commercial and Industrial Loans, All Commercial Banks. What are Commercial and Industrial Loans? Commercial and Industrial …
by confoundedinterest17 Biden’s massive spending spree (aka, Build Back Better) has a new name: Build Back Bankrupt! According to Epiq, Commercial Chapter 11 Filings Increased 68 Percent in the First Half of 2023. NEW YORK – July 03, 2023 — The 2,973 total commercial Chapter 11 bankruptcies filed during the first six months of 2023 represented a …
Margins are falling across more sectors. Are companies getting less greedy? Or are they more attuned to less intense demand for their goods/services, better supply, and the potential to lose market share? From @greg_ip on 'greedflation'https://t.co/w5UjBVQhR3 pic.twitter.com/7E4rJhW6yH — Nick Timiraos (@NickTimiraos) July 6, 2023 But despite all that, things are looking bright! Banks are removing …
via naturalnews: Regional banks are currently scrambling to sell down their commercial real estate loan portfolios to minimize their risk amid fears of more bank runs like those seen late last year. The stress seen in the commercial real estate sector right now is weighing heavily on banks and regulators alike, and it’s regional banks that are …
by confoundedinterest17 Between work at home, Bidenflation and The Feral Reserve, commercial real estate and regional banks are suffering … and it could get a lot worse. And Joe Biden (aka, Negan) in general. Living in Negan Country! By Kevin Stocklin, Epoch Times The work-from-home trend has been taking its toll on office landlords and is now …
by Michael What is going to happen to our banking system as trillions of dollars worth of commercial real estate loans go bad? Many months ago, I warned that the greatest commercial real estate crisis in U.S. history was coming. At the time, a lot of people didn’t believe me and that was fine. As …
BIDEN VOTERS POSTING THEIR L’S ONLINE: Ex-Gov. Paterson says it’s a ‘frightening time’ in NYC with migrant crisis, toxic smog, weak real-estate market. The migrant crisis, weak commercial real-estate market and toxic smog from Canadian wildfires make this “a frightening time” to be in the Big Apple, ex-Gov. David Paterson said Sunday. The former governor started …
by Simian_Stacker lololololol pic.twitter.com/9eHXg1CN6v — KKGB (@INArteCarloDoss) June 6, 2023 Banks Cutting Losses on Distressed Office Loans Earlier this year, RXR dropped a bomb on New York commercial real estate. CEO Scott Rechler signaled that his firm might hand lenders back the keys of two office towers that he likened to film cameras in a …
It’s relatively rare to see the commercial banks (“commercial” here means the type of bank one holds an account with, vs. an investment bank) come out so directly against market manipulation, yet here we are… https://bankingjournal.aba.com/2023/06/aba-rebuts-wall-street-journal-editorial-on-abusive-short-selling/ “You may not see any evidence of manipulation, but the Justice Department apparently has seen enough to launch an …
Guest Post by Michael Maharrey at SchiffGold.com: Could the commercial real estate market be the next thing to break in this bubble economy? The rampant money creation and zero percent interest rates during the COVID pandemic on top of three rounds of quantitative easing and more than a decade of artificially low interest rates in the wake …
by Dismal-Jellyfish It gets even more interesting! 1 year ago: 3/16: 18,073.5395 Billion. High was hit 4/13/2022: 18,130.6814 Billion. Over half a trillion in deposits pulled in the last year! Board of Governors of the Federal Reserve System (US), Deposits, All Commercial Banks [DPSACBW027SBOG], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/DPSACBW027SBOG, March …
