Synapse lost nearly all of the banking app Yotta’s $109 million in deposits, leaving 100,000 customers locked out since May. June 23, 2024 2:15 pm
We are in the midst of a Major League Silent Bank Run on Bank Deposits as money flows to Money Market funds – more bank failures likely in 2024 December 11, 2023 9:38 am
Sound familiar to 2008?: “changes in the 90s enhanced asset securitization, shifting the prevalent mode of financial intermediation from a bank-centric model of taking deposits & issuing loans (holding them to maturity) to a new model where loans were packaged into securities & sold to investors.” November 28, 2023 6:22 am
BIG US Bank outages… Reports of Missing Deposits as “Direct Deposit System” Crashes November 4, 2023 6:21 am
JPMorgan Chase Has Lost a Quarter Trillion Dollars in Deposits in Last 7 Quarters — Fortress Balance Sheet or Leaky Sieve? October 22, 2023 7:10 pm
A banking crisis is looming as banks lost $870 billion in deposits over the past 18 months, with unrealized losses on investments rising to nearly $550 billion in Q2 2023. October 1, 2023 9:12 pm
The Perfect Storm Hits Big Banks: Tumbling Deposits, Rising Unrealized Losses, and Higher-for-Longer Interest Rates September 29, 2023 9:04 am
Bank Deposit Rates Plunge to Record Lows While Alternatives Offer 5% Yields – $1 Trillion in Deposits Flee Banks September 19, 2023 1:56 pm
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 $70 billion withdrawn from commercial banks last week (8/23-8/30).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! September 8, 2023 9:07 pm
Banks constrain liquidity, causing tightening as money market funds suck up deposits, provision for credit losses, impacting consumption September 4, 2023 9:18 pm
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.” August 16, 2023 3:52 pm
Dark Side Of Federal Stimulus! Checkable Deposits Soared For The Top 1% In Terms Of Wealth Compared To Bottom 50% (The More The Fed Prints, The Wealthier The 1% Becomes) August 13, 2023 10:44 pm
Apple Card’s Savings account blows past $10 billion in deposits (that likely means $10B in capital flight from banks paying a piddly .15% on checking accounts) August 3, 2023 3:03 pm
$78 billion withdrawn from commercial banks last week (7/5-7/12). $869 billion in deposits has been pulled since the all time hit 4/13/22. With the FDIC announcement today banks aren’t reporting their uninsured deposits correctly, will this re-accelerate the bank run already picking up pace again?!? July 24, 2023 7:47 pm
FDIC observed some institutions incorrectly reduced the amount reported to the extent the uninsured deposits are collateralized by pledged assets; this is incorrect as the existence of collateral has no bearing on the portion of a deposit that is covered by federal deposit insurance! July 24, 2023 10:06 am
Deposits at US commercial banks fell -$108.5 billion this week; High net worth investors allocate the most to cash. July 21, 2023 10:33 pm
Federal Reserve data shows US banks’ deposits plummeted by 7.88% since April 2022, reaching $921 billion. July 6, 2023 9:52 pm
This proxy measure is below its lowest levels since 1998, indicating poor profit potential and fleeing deposits, limiting banks’ ability to lend. June 27, 2023 2:35 pm
The bank run has pulled $955 billion in deposits since 4/13/22, with $487 billion in deposits pulled since 2/22/2023. Is the bank run picking back up speed again? June 18, 2023 5:32 pmJune 17, 2023 7:53 am
US Banks report largest capital outflow in 40 years. NYC’s Banking Commission frozen deposits at Capitol One Bank due to insolvency fears. June 2, 2023 7:47 pm
Bank Run Underway? Updated commercial bank deposit data shows $54.1738 Billion in deposits removed. Last week saw it going from $17.64t to $17.61t (-$30b)–$80+ Billion removed from deposits in the last two weeks! May 31, 2023 10:59 amMarch 18, 2023 3:06 pm
Why printer is back on… 2023 is worse than 2008 in terms of deposits held by failed banks. May 31, 2023 9:23 pmMarch 17, 2023 2:49 pm
Silicon Valley Bank has failed. It’s the second largest bank failure in US history. Roughly 95% of Silicon Valley Bank’s deposits were FIDC uninsured. May 31, 2023 10:58 amMarch 10, 2023 11:36 pm