Banks Failing: Is It 2008 Again?

[CountValentine]

'Shark Tank's' Kevin O'Leary rips Biden over Silicon Valley: ‘He nationalized the American banking system'
https://www.msn.com/en-us/money/markets/shark-tank-s-kevin-o-leary-rips-biden-over-silicon-valley-he-nationalized-the-american-banking-system/ar-AA18zngG?ocid=msedgdhp&pc=U531&cvid=924072dec30449449c7445aa8c177093&ei=41

[sillypainter]

'Shark Tank's' Kevin O'Leary rips Biden over Silicon Valley: ‘He nationalized the American banking system'
https://www.msn.com/en-us/money/markets/shark-tank-s-kevin-o-leary-rips-biden-over-silicon-valley-he-nationalized-the-american-banking-system/ar-AA18zngG?ocid=msedgdhp&pc=U531&cvid=924072dec30449449c7445aa8c177093&ei=41

If he would have money there, he would sing a different song.

[aygart]

Banks and financial institutions that saw trading halted Monday
AdvisorShares Trust

Bank of Hawaii Corporation

Charles Schwab

Coastal Financial Corp Cm St

Comerica

Customers Bancorp

East West Bancorp, Inc.

First Horizon Corporation

First Republic

Huntington Bancshares

Macatawa Bank Corporation

Magyar Bancorp, Inc.

Metropolitan Bank Holding Corp

OceanFirst Financial Corp

PacWest Bancorp

Regions Financial Corporation

Texas Capital

Washington Federal, Inc.

Western Alliance

Zions Bancorporation

[Euclid]

Banks and financial institutions that saw trading halted Monday
AdvisorShares Trust

Bank of Hawaii Corporation

Charles Schwab

Coastal Financial Corp Cm St

Comerica

Customers Bancorp

East West Bancorp, Inc.

First Horizon Corporation

First Republic

Huntington Bancshares

Macatawa Bank Corporation

Magyar Bancorp, Inc.

Metropolitan Bank Holding Corp

OceanFirst Financial Corp

PacWest Bancorp

Regions Financial Corporation

Texas Capital

Washington Federal, Inc.

Western Alliance

Zions Bancorporation

Charles Schwab is the only one I've heard of (until last week)

[AsherO]

Banks and financial institutions that saw trading halted Monday
AdvisorShares Trust

Bank of Hawaii Corporation

Charles Schwab

Coastal Financial Corp Cm St

Comerica

Customers Bancorp

East West Bancorp, Inc.

First Horizon Corporation

First Republic

Huntington Bancshares

Macatawa Bank Corporation

Magyar Bancorp, Inc.

Metropolitan Bank Holding Corp

OceanFirst Financial Corp

PacWest Bancorp

Regions Financial Corporation

Texas Capital

Washington Federal, Inc.

Western Alliance

Zions Bancorporation

That’s investors afraid to lose their equity, how does that affect these bank’s assets/liabilities?

[AsherO]

Charles Schwab is the only one I've heard of (until last week)

You’ve never heard of Bank of Hawaii? IINM they used to issue the Hawaiian air CCs.

And I’m sure you’ve heard of First Republic Bank.

[Euclid]

You’ve never heard of Bank of Hawaii? IINM they used to issue the Hawaiian air CCs.

And I’m sure you’ve heard of First Republic Bank.

Only heard of FRB last week.
Never had Hawaiian cc

[yelped]

I think I've seen Ocean First branches locally.

[aygart]

They are mostly regional. Oceanfirst is based in Toms River.

[ExGingi]

Charles Schwab is the only one I've heard of (until last week)

Zions is a well-known regional bank.
Metropolitan Bank has a Boro Park branch!

[shapsam]

You ready for NY metro multi family to get wiped out entirely?

And it wouldn't stop there by any means.

[Ver hut gazugt]

Only heard of FRB last week.
Never had Hawaiian cc

half of ch get mortgages by them.

[ExGingi]

half of ch get mortgages by them.

Except certain ineligible blocks 🙁

[4yourinfo]

This is simple ignorance. This is not a taxpayer liability but rather on those who pay for FDIC insurance which are the banks.

Claim what you want I don't think it is exactly optional for a bank to pay into this fund - I think most people in the us have to use a bank hence it is coming out of peoples pocket via the FDIC mandated fund.
https://nypost.com/2023/03/13/how-silicon-valley-bank-bailout-will-hurt-us-bank-customers/

[4yourinfo]

I think the lesson to be learned from the story is that management shouldn't have to report every little thing going on.. this "transparency" mishegas is really to blame on this mess, coupled with social media hype and rumors..

what about the requirement to have a certain amount of liquid avail. wasn't that the reason they were forced to sell at a loss which caused all the panic? Maybe the govt  should've relaxed the liquid requirement...

[YitzyS]

Where's Barbados?

#Abie

[CountValentine]

If he would have money there, he would sing a different song.

Probably not.

[yungermanchik]

Where's Barbados?

#Abie

Or better yet the holy land

[Ver hut gazugt]

Claim what you want I don't think it is exactly optional for a bank to pay into this fund - I think most people in the us have to use a bank hence it is coming out of peoples pocket via the FDIC mandated fund.
https://nypost.com/2023/03/13/how-silicon-valley-bank-bailout-will-hurt-us-bank-customers/

it may not be optional but it’s not because it’s the law. Banks do not need to be fdic insured, they just won’t have any costumers 

[YitzyS]

Or better yet the holy land

But they seem to have put their money in SVB...