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Started By
Message
re: 2024 bank failure predictions
Posted on 1/25/24 at 9:20 pm to Flowbe209
Posted on 1/25/24 at 9:20 pm to Flowbe209
quote:
I’ll start by calling for the downfall of Truist.
I work for an insurance broker owned by Truist. We are about to get sold off because they need the money to raise liquidity. It’s not a secret. It’s in all of the trade journals.
2
Posted on 1/26/24 at 7:34 am to mule74
Truist has $37b in cash and $10b cash inflow with total long term debt of $67b. They don’t need liquidity. They’re extremely profitable. The only negative to them is their revenue growth contracted recently.
Posted on 1/31/24 at 5:26 pm to mule74
quote:
work for an insurance broker owned by Truist. We are about to get sold off because they need the money to raise liquidity. It’s not a secret. It’s in all of the trade journals.
I can confirm this with first hand knowledge.
Not particular to Truist, but isn’t the issue mostly loan income drying up and their assets in long term treasuries that haven’t been adjusted to reflect rising rates? Everyone is pulling cash to go to MM funds so selling these and booking the loss to provide liquidity is a problem.
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