They said: Over the past year those in commercial banks have sunk by half a trillion dollars, a drop of nearly 3%. This makes the financial system more fragile, since banks must shrink to repay their deposits.
Read more: https://t.co/qaaObFsmKK
— unusual_whales (@unusual_whales) April 24, 2023
A recent MBA report shared how the new losses represented a 113% decrease from how much a bank made last year. A year before its $301 loss, the bank's average income per mortgage was $2,339.
Read more: https://t.co/2nTCY3fdYM
— unusual_whales (@unusual_whales) April 24, 2023
Stern warning from @Citi as markets buckle up for $600-800B CB liquidity drain in coming weeks
“With peak liquidity past, we would not be at all surprised if markets were now to experience a sudden pressure loss. Keep watching the liquidity data — and buckle up.”@business pic.twitter.com/VcdLAVZA2t
— Danielle DiMartino Booth (@DiMartinoBooth) April 23, 2023
*Moody’s downgraded 11 US regional banks
Some reasons being significant unrealized losses on assets, relatively low capitalization, and rising uninsured deposits, etc
Expect bank NIMs (net interest margins) to keep compressing and further deposit flight into MMF’s pic.twitter.com/Xo5eOwCTCC
— Adem Tumerkan (@RadicalAdem) April 23, 2023
Debit Suisse says lost $68 billion in assets last quarter, outflows continue