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Is Capital One in trouble?

Posted on 3/22/23 at 12:16 pm
Posted by umrebel2009
Member since Feb 2010
8380 posts
Posted on 3/22/23 at 12:16 pm
Saw alot of posts on twitter today about Capital One credit default swaps surging. I'm using the capital one savings account so that's concerning
Posted by jcaz
Laffy
Member since Aug 2014
18824 posts
Posted on 3/22/23 at 12:20 pm to
Too big to fail
Posted by AllDayEveryDay
Nawf Tejas
Member since Jun 2015
9480 posts
Posted on 3/22/23 at 12:23 pm to
Sure hope not. Half this board has cash in their high yield savings.
Posted by Brobocop
Baton Rouge, LA
Member since Feb 2018
2100 posts
Posted on 3/22/23 at 12:23 pm to
Do you have more than $250k in a single account?

If not, then you have nothing to worry about.
Posted by Jag_Warrior
Virginia
Member since May 2015
4292 posts
Posted on 3/22/23 at 12:24 pm to
quote:

I'm using the capital one savings account so that's concerning


Do you have more than $250K in your account? I’m not even sure that it matters now, since they’ve set a precedent by paying off all depositors.

ETA: Brobocop has a faster internet connection than I do.
This post was edited on 3/22/23 at 12:25 pm
Posted by Brobocop
Baton Rouge, LA
Member since Feb 2018
2100 posts
Posted on 3/22/23 at 12:26 pm to
quote:

ETA: Brobocop has a faster internet connection than I do.

Posted by AllDayEveryDay
Nawf Tejas
Member since Jun 2015
9480 posts
Posted on 3/22/23 at 12:27 pm to
Nice try, fedboi. You're not stealing our money to pay off Ukrainians.
Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 3/22/23 at 12:28 pm to
When you look at Cap One it appears they are among the most liquid of all the larger banks.

If they are in trouble then it is all the more reason to be suspicious of every bank balance sheet in the country.

Posted by BottomlandBrew
Member since Aug 2010
29304 posts
Posted on 3/22/23 at 12:34 pm to
The more people talk about banks failing, the more it becomes a self-fulfilling prophecy.
Posted by Im4datigers
Northern Virginia
Member since Oct 2003
4649 posts
Posted on 3/22/23 at 2:22 pm to
You people need to really layoff the acid. And quit watching bloomberg and CNBC. If you think Capital One is about to fail, I have no words for you.

And as someone already stated, unless you have over $250k, it doesn't even concern you. And if you have over $250k, that bafoon Yellen already said you're going to be covered anyway.
Posted by buckeye_vol
Member since Jul 2014
35373 posts
Posted on 3/22/23 at 2:23 pm to
quote:

Saw alot of posts on twitter today about Capital One credit default swaps surging. I'm using the capital one savings account so that's concerning
I have no idea where you're seeing this (I follow a lot of economists and finance experts on twitter), but Capital One is subject to the stricter regulations, stress tests, etc. that SVB was no longer subjet to.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82059 posts
Posted on 3/22/23 at 3:52 pm to
Doesn’t really matter unless you have over $250k in a single account. And even so, Cap1 is in the “too big to fail” category and will be back stopped
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82059 posts
Posted on 3/22/23 at 3:55 pm to
LINK

This is probably the tweet he saw
Posted by LSUFanHouston
NOLA
Member since Jul 2009
40255 posts
Posted on 3/22/23 at 4:28 pm to
quote:

I have no idea where you're seeing this (I follow a lot of economists and finance experts on twitter), but Capital One is subject to the stricter regulations, stress tests, etc. that SVB was no longer subjet to.


I know several bankers who have told me the regulators are hammering some things a lot more than normal right now.

Sometimes you need to let a litle blood to save the patient.
Posted by Im4datigers
Northern Virginia
Member since Oct 2003
4649 posts
Posted on 3/22/23 at 5:05 pm to
quote:

I know several bankers who have told me the regulators are hammering some things a lot more than normal right now.


I’m a banker and we haven’t seen much reaction at all from the regulators. There just aren’t enough of them and they’re very reactive vs proactive. I figure our exam is going to be all about liquidity, investments etc vs a deep dive on the loan portfolio. But we’ll see.

Candidly, when they come in, there is an examiner in charge and then a bunch of young pups usually. We end up training them half the time.
Posted by Beessnax
Member since Nov 2015
10823 posts
Posted on 3/22/23 at 5:18 pm to
Delete your Twitter and you won't deal with this irrational uncertainty
Posted by TUman
Member since Aug 2005
305 posts
Posted on 3/22/23 at 5:58 pm to
The banking industry is insolvent. There is no practical way to fix it. I have no confidence that our money is safe. Also, with hyperinflation otw, a haircut is assured. Hopefully the FED will be replaced.
Posted by SloaneRanger
Upper Hurstville
Member since Jan 2014
12873 posts
Posted on 3/22/23 at 8:24 pm to
Does this mean no more Jennifer Garner commercials?
Posted by slackster
Houston
Member since Mar 2009
91362 posts
Posted on 3/22/23 at 8:28 pm to
quote:

The banking industry is insolvent. There is no practical way to fix it. I have no confidence that our money is safe. Also, with hyperinflation otw, a haircut is assured. Hopefully the FED will be replaced.


You pretty much hit all the buzzwords. Nice.
Posted by Im4datigers
Northern Virginia
Member since Oct 2003
4649 posts
Posted on 3/22/23 at 8:45 pm to
quote:

The banking industry is insolvent. There is no practical way to fix it. I have no confidence that our money is safe. Also, with hyperinflation otw, a haircut is assured. Hopefully the FED will be replaced.


Congrats on watching 8 hours of news coverage today. Go crawl in a cave somewhere.

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