BofA sees SCHW risk similar to SIVB
So BoA is throwing Schwab under the bus? Starting to eat their own. h/t Araphoren
On Wire
Breaking news, updates, and reports on current events.
Western Alliance Bancorporation (WAL): (-80.60%); PacWest Bancorp (PACW): (-51.82%)
View post on imgur.com View post on imgur.com View post on imgur.com View post on imgur.com View post on imgur.com View post on imgur.com https://finance.yahoo.com/quote/WAL/ https://finance.yahoo.com/quote/PACW h/t dr0id
Let’s review the Federal Reserve Bank’s many roles, & how each of them enabled the SVB failure/malfeasance…
Let’s review the Federal Reserve Bank’s many roles, & how each of them enabled the SVB failure/malfeasance: (1) Santa Claus.By keeping interest rates artificially low, FED stimulated the economy, & nudged those with capital into the VC space creating demand for a bank like SVB. — Thomas Massie (@RepThomasMassie) March 12, 2023 (3) Firefighter.After setting … Read more
They will try to ban crypto now – SVB and Signature Bank both had big crypto exposure – Now IMF warns about crypto.
JUST IN – IMF warned G-20 that widespread #Bitcoin and crypto use could cause banks to "lose deposits" — Bitcoin Magazine (@BitcoinMagazine) March 13, 2023 They will blame crypto for the collapse and try to ban exchanging it for USD. h/t LSR
FED is now gaslighting on Twitter about the bailout as banks continue to fail in the great bank run of 2023
by TrendingMemes Anyone not considering this a bailout is purely uneducated. The bailout requires the govt to print money NOW to make these depositors whole. As opposed to printing money in 10 years. It’s a bailout at the cost of your purchasing power
There we go: Biden Says He Will Seek Stronger Regulations for Banks
There we go:Biden Says He Will Seek Stronger Regulations for Banks https://t.co/iRcsawfB3N — jeroen blokland (@jsblokland) March 13, 2023 😂🤣 Nails it. pic.twitter.com/M4zfwc6izo — PiQ (@PiQSuite) March 13, 2023 Wow … the Fed and the US Treasury just became the FDIC backing the entire banking system. pic.twitter.com/CiJ9Go20kh — Wall Street Mav (@WallStreetMav) March 13, 2023 … Read more
Massive swings in the treasuries market. 2Y 3 day swing largest since Black Monday of 1987. high yield credit spreads are widening rapidly right now.
by laflammaster The two-year Treasury yield is on track for its biggest three-day decline since **October 1987**– according to Dow Jones Market Data pic.twitter.com/ST2VmbOp5K — Gunjan Banerji (@GunjanJS) March 13, 2023 The Fed pivot is back https://t.co/XFPXNhZL9E — Gunjan Banerji (@GunjanJS) March 13, 2023 If the CDX index is a guide, high yield credit spreads … Read more
Trading halted for multiple US banks stocks after opening bell
JUST IN – Trading halted for multiple U.S. bank stocks at market open. — Disclose.tv (@disclosetv) March 13, 2023 BREAKING – Trading at multiple banks halted after opening bell — Insider Paper (@TheInsiderPaper) March 13, 2023 https://twitter.com/_/status/1635278059485143041 UPDATES 🚨 First Republic Bank loses 65% as regional banks under stress https://t.co/zPuhfTwEa6 — Insider Paper (@TheInsiderPaper) March … Read more
Credit suisse in freefall – trading halted
CS – 15% Commerzbank – 11% and so on this crisis is just starting https://www.bloomberg.com/quote/CSGN:SW AC
Biden Insists “The Banking System Is Safe” As Bank Stocks Go Crash Boom
Starts at 15:40…. First Republic Bank down 66%Western Alliance Bancorp down 75%PacWest Bancorp down 46%Zions Bancorp down 44%Bank of Hawaii down 42%Customers Bancorp down 54%East West Bancorp down 32%Comerica down 39% — Steve Lookner (@lookner) March 13, 2023 https://twitter.com/burningplat/status/1635270385934688264 Biden: "Our actions should give Americans confidence that the US banking system is safe" Narrator: They … Read more
First screenshot is from March 13, 2008 WSJ … second is from March 13, 2023 WSJ
Figures, US taxpayers bailing out a bunch of rich progressive coastal elites. — David Naber (@DavidNaber16) March 13, 2023 Morgan Stanley, $MS, says sell any bounce on this government intervention, next leg of bear market's begun, per CNBC. — unusual_whales (@unusual_whales) March 13, 2023
NYSE Halt First Republic… Western Alliance Sinks A Record 76%… VIX Flying… The Margin Call Vibes Are Starting To Kick In
BREAKING: First Republic Bank shares drop by record 67% at the open before trading halted https://t.co/iB5QEbeIcX pic.twitter.com/GshnUFoIUy — Bloomberg Markets (@markets) March 13, 2023 NYSE HALT FIRST REPUBLIC FOR ADDITIONAL INFORMATION, LAST AT $28.56. — FinancialJuice (@financialjuice) March 13, 2023 One reason why First Republic bank looks like its imploding could be because it actually … Read more
Rep. Thomas Massie: Government Considering Censoring the Internet to Prevent More Bank Runs
Source: https://twitter.com/RepThomasMassie/status/1635074378454147074?s=20 And what was the response? 🤔 — Safing Sector (@Gplavallee72) March 13, 2023 “We will get back to you on that.” — Thomas Massie (@RepThomasMassie) March 13, 2023 h/t dr0id
How does he do it? LOL
by BoatSurfer600
The Federal Reserve Just Made An Emergency Decision Which Will Fundamentally Change Banking In America Forever
by Michael Did you think that the Federal Reserve was just going to stand by and watch the U.S. banking system completely collapse? In response to the stunning failures of Silicon Valley Bank and Signature Bank, the Federal Reserve announced a rescue plan on Sunday evening that is going to radically change banking in America forever. … Read more
Can The Federal Reserve Stop The Avalanche Of Bank Runs That Has Already Begun?
by Michael What in the world just happened? On Friday, Silicon Valley Bank collapsed and was taken over by regulators, and then on Sunday regulators swooped in and shut down New York’s Signature Bank. In a desperate attempt to prop up faith in our rapidly failing banking system, the Federal Reserve unveiled an emergency plan late on Sunday … Read more