Independent thinking for complex markets and current events
February 25, 2025 The FDIC began disclosing the aggregate assets of banks on the “Problem Bank List” at year-end 1990, an addition to the preexisting practice of reporting only the number of problem banks. Since then, changes in the industry over the past 35 years have made it comparatively easier to identify a large bank …
Predatory MCAs disguised as A/R assets, sold and securitized, repeating 2007’s mistakes. They’re securitized MCAs, sold as A/R assets when in fact they were predatory, 50% loans to unsuspecting Shopify orgs. They required no background checks and only 3months of bank statements. The loans were immediately sold to banks like synchrony , tranched with BBB …
by Dismal-Jellyfish Source: https://www.fdic.gov/news/speeches/2023/spjun2223.html TLDRS: After the 2008 financial crisis, banks were found to be undercapitalized and over-leveraged, leading to a complete overhaul of capital requirements through a set of rules known as Basel III. The aim was to ensure banks held enough capital to weather economic storms. However, Basel III is not yet complete, with …
Another Bank specializing in Tech loans and services for “High Net Worth Individuals”, but more of a Public bank than SVB was. The cashless society people really want that cash! https://twitter.com/_/status/1634783756656492544 https://twitter.com/_/status/1634790617627914240 View post on imgur.com Contagion has already spread. My local First Republic Bank was closed today (normally open), could not do wires or …