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Started By
Message
re: Is Regions Bank next?
Posted on 3/12/23 at 5:13 pm to FLObserver
Posted on 3/12/23 at 5:13 pm to FLObserver
quote:
The fear has started because a bank that basically gave risky loans to tech startups/crypto has gone belly up. The media really does have a lot of people scammed.
What risky loans?
0
Posted on 3/12/23 at 5:16 pm to FLObserver
quote:
The fear has started because a bank that basically gave risky loans to tech startups/crypto has gone belly up. The media really does have a lot of people scammed.
Just wait till Feds raise interest rates throughout the year. SVB was managed poorly and rates are still “modest.” It could get dicey in the coming months for more banks
Posted on 3/12/23 at 5:16 pm to Kracka
quote:Wells Fargo forecloses.
what happens to the mortgages that a bank owns if they fold like SVB?
Posted on 3/12/23 at 5:27 pm to FLObserver
quote:As I understand it, it wasn't loans. SVB had too much of their assets in long-term Treasuries.
The fear has started because a bank that basically gave risky loans to tech startups/crypto has gone belly up. The media really does have a lot of people scammed.
When the VC money hose to useless startups started slacking off the useless startups had to actually withdraw money from their checking accounts to buy stuff and pay employees.
When that happened, SVB had to sell assets to get the cash to hand out to their withdrawing depositors, and much to their shock and surprise they found out that 10 year bonds yielding 1.9% weren't worth shite today. (maturity and yield here are completely made up for examples, but the fundamental explanation is sound, I think).
A few well-connected insiders found out a couple days early and started a run on the bank - convincing ALL the depositors to panic and go for their money, and that's all she wrote.
Errbody with a 'Chief' in their title needs to be in jail, along with every principal in any short-selling hedge fund connected in any way to promoting the run.
Posted on 3/12/23 at 5:28 pm to hikingfan
Signature Bank was just closed.
Posted on 3/12/23 at 5:29 pm to Earthquake 88
Bank OZK?
Fallguy you can move here. We have Regions. And they are building Chase as we speak.
Fallguy you can move here. We have Regions. And they are building Chase as we speak.
This post was edited on 3/12/23 at 5:32 pm
Posted on 3/12/23 at 5:33 pm to madamsquirrel
I like northern Arkansas a lot.
Posted on 3/12/23 at 5:39 pm to hikingfan
Idk, you would need some suicides happening.
I didn’t like how some banks acted during covid, and I was disappointed in dealings for work with the bank I had a personal account with. I moved my personal checking all to a credit union. Been happy ever since.
My atm fees are waved, I get dividends on the account, and they have sent me emails and letters basically saying frick Joe Biden. The federal government shouldn’t be monitoring all of your transactions.
I didn’t like how some banks acted during covid, and I was disappointed in dealings for work with the bank I had a personal account with. I moved my personal checking all to a credit union. Been happy ever since.
My atm fees are waved, I get dividends on the account, and they have sent me emails and letters basically saying frick Joe Biden. The federal government shouldn’t be monitoring all of your transactions.
Posted on 3/12/23 at 5:52 pm to hikingfan
if whitty geauxs im done with you.
Posted on 3/12/23 at 5:56 pm to Earthquake 88
quote:
Bank Of The Ozark
Wendy Byrd is solvent and Biden cannot stop the cartels so you’re good.
Posted on 3/12/23 at 5:58 pm to dukke v
they can send you money by currier
Posted on 3/12/23 at 6:03 pm to hikingfan
Mr. Sullivan is it?
Posted on 3/12/23 at 6:29 pm to hikingfan
Could be a possum stuck on the floor running around triggering the motion detectors
Posted on 3/12/23 at 7:01 pm to lsuguy84
Just realized that's Gavin from Silicon Valley on the right.
Posted on 3/12/23 at 7:15 pm to catfish 62
quote:
Signature Bank was just closed.
Truth, but the gubmint has said all depositors' funds will be available to them on Monday.
ETA: They are also guaranteeing SVB deposits, saying all of their money will be available Monday also.
This post was edited on 3/12/23 at 7:20 pm
Posted on 3/12/23 at 7:35 pm to RazorBroncs
Good friend of mine is a branch manager at regions I know he was gone past few days for meetings but I haven’t heard anything bad.
Posted on 3/12/23 at 7:40 pm to dukke v
I thought they were the official bank of the SEC
Seems minimum balance would be tree fiddy
Seems minimum balance would be tree fiddy
Posted on 3/12/23 at 7:53 pm to dukke v
quote:
Bad thing is I live
In Walker and have to drive to Denham if I need to do banking.
Posted on 3/12/23 at 7:57 pm to hikingfan
Truist and Synovous have over 85% assets in long MBS ands are on alert
But Fed announced they will buy all MBS at face value so crisis over now
But Fed announced they will buy all MBS at face value so crisis over now
This post was edited on 3/12/23 at 7:58 pm
Posted on 3/12/23 at 8:02 pm to fallguy_1978
quote:
I have no idea where Regions exists outside of AL, LA, MS and FL. They are probably in other states too. It's a pretty big bank. Top 20-30 in the country I think.
16 state footprint. That’s with branches and corporate offices. Lending is done nationwide depending on the industry.
Basically from FL up to KY and over to Mizzou and Texas. I worked there for a decade and assisted bankers all over from our Corporate HQ.
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