depositors Archives - Citizen Watch Report

Banks’ profits are down because depositors are demanding more interest rate on the money they keep with them and they still hold a lot of zero yielding treasuries.

April 15, 2024 6:52 am

Linkhttps://t.co/NfB6cG2eI4 — QE Infinity (@StealthQE4) April 14, 2024 Yep and they still hold a lot of zero yielding treasuries. — QE Infinity (@StealthQE4) April 14, 2024

This year, a whopping $1.3 trillion has poured into money market funds! Depositors are scoring a sweet yield, jumping from almost zero to a solid 4%.

December 25, 2023 7:51 am

That’s a massive chunk of cash now ready to spend! Money Market Funds Record: $1.3 Trillion has flowed into money market funds this year, the largest amount in history pic.twitter.com/VRylKN9kLw — Win Smart, CFA (@WinfieldSmart) December 24, 2023

Rising Rates Likely Hit Bank Balance Sheets in Quarter, Lenders need to pay up to keep depositors, pressuring earnings

October 4, 2023 7:03 pm

From the WSJ: A surge in interest rates likely worsened unrealized losses on bonds and loans held by U.S. banks in the third quarter, further straining their balance sheets as they face pressure to pay more to keep depositors. Unrealized losses were a key cause of Silicon Valley Bank’s failure in March, which spurred other …

The FDIC “mistakenly” releases document showing U.S. gov spent $12 billion bailing out 10 wealthy depositors

June 26, 2023 6:24 pm

The FDIC “mistakenly” releases complete version of a document showing U.S. government spent $12,700,000,000 to bail out 10 wealthy depositors amid banking crisis in March. “10 depositors had $13.3B in SVB, that’s why the FDIC bailed them out. (Spoiler alert: They were Chinese accounts) This wasn’t about systemic risk, it was about bailing out the billionaires …