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Started By
Message
If you bank at one of the orange banks, gonna be a hell of a week
Posted on 3/12/23 at 9:17 pm
Posted on 3/12/23 at 9:17 pm
Top 50 largest banks
Yellow - Failed
Orange - Danger
Blue - Too Big to Fail, would collapse economy
19
Posted on 3/12/23 at 9:35 pm to anc
How can PNC be in danger when they almost bought out the Cally Big Tech bank over the weekend, but pulled out?
Posted on 3/12/23 at 9:37 pm to cajunangelle
quote:
How can PNC be in danger when they almost bought out the Cally Big Tech bank over the weekend, but pulled out?
Ask yourself why they pulled out. Woke CEOs figuring out that pronouns don't make profits. The government is going to print money and bail them out anyway, but in a just world, hard lessons would be learned.
Bank at a credit union or a state-chartered bank.
This post was edited on 3/12/23 at 9:38 pm
Posted on 3/12/23 at 9:37 pm to cajunangelle
quote:
How can PNC be in danger when they almost bought out the Cally Big Tech bank over the weekend, but pulled out?
Over-leveraging.
Posted on 3/12/23 at 9:38 pm to cajunangelle
Because of the shading on the excel document, duh.
Posted on 3/12/23 at 9:40 pm to anc
quote:Looks dubious. Is there a source for the charts?
Top 50 largest banks
Yellow - Failed
Orange - Danger
Blue - Too Big to Fail, would collapse econom
Posted on 3/12/23 at 9:41 pm to deeprig9
What is the source of this? What makes you think Frost Bank is in any danger?
Posted on 3/12/23 at 9:42 pm to anc
Moral of the story: bank with someone who doesn't have insane overhead with hundreds of physical locations and tens of thousands of employees.
Hancock Whitney has been in a lot of trouble because they have insane overhead costs. They're shutting down physical locations and selling branches as fast as they can.
Hancock Whitney has been in a lot of trouble because they have insane overhead costs. They're shutting down physical locations and selling branches as fast as they can.
This post was edited on 3/12/23 at 9:43 pm
Posted on 3/12/23 at 9:44 pm to anc
Criteria used to determine that?
Posted on 3/12/23 at 9:44 pm to Gunny Hartman
Source: LINK
Source says bailouts are coming, but they will be strategic. Some will be allowed to fail. Also, the four blues are seeing who they want to buy from the orange list.
Buddy of mine in Mississippi banking says that Citi has been eyeing Regions for a while.
Source says bailouts are coming, but they will be strategic. Some will be allowed to fail. Also, the four blues are seeing who they want to buy from the orange list.
Buddy of mine in Mississippi banking says that Citi has been eyeing Regions for a while.
This post was edited on 3/12/23 at 9:47 pm
Posted on 3/12/23 at 9:49 pm to BengalOnTheBay
Where I am moving they have a Farmers Bank. They have the best auto/life insurance.
Joining them just for their commercial
Joining them just for their commercial
Posted on 3/12/23 at 9:51 pm to anc
quote:
Buddy of mine in Mississippi banking says that Citi has been eyeing Regions for a while.
We bank at Regions. They seem to have a solid operation, but be small enough that someone will buy them. I hope it doesn't happen, but I won't be surprised.
Posted on 3/12/23 at 10:05 pm to anc
Again, I see NO explanation regarding the selection criteria for the banks in orange. Is it just size? If so, some of the banks are NOT shown in orange. Why not?
Posted on 3/12/23 at 10:08 pm to anc
I could tell immediately that you don't understand how banking works but you confirmed it by suggesting credit unions would be safe because reasons.
Posted on 3/12/23 at 10:10 pm to anc
Synchrony bank?
If I have a credit card with them, I don't have to pay it now, right?
If I have a credit card with them, I don't have to pay it now, right?
Posted on 3/12/23 at 10:10 pm to Gunny Hartman
It's fear mongering.
A reminder that SVB fell not because they didn't have the money but because of a bank run.
If there's a bank run on any number of those players then it's all over. Money will become toilet paper. Your credit union will be gone.
A reminder that SVB fell not because they didn't have the money but because of a bank run.
If there's a bank run on any number of those players then it's all over. Money will become toilet paper. Your credit union will be gone.
Posted on 3/12/23 at 10:10 pm to anc
Citi and BOA are Bank of Obama's & the Pentagon.
Posted on 3/12/23 at 10:14 pm to jonnyanony
Seems CU's more likely to have more reserve on hand because they are local member owned and nonprofit. People have far more confidence in CU's so they could sustain fewer runs to begin with
Posted on 3/12/23 at 10:16 pm to Gunny Hartman
quote:
Again, I see NO explanation regarding the selection criteria for the banks in orange. Is it just size? If so, some of the banks are NOT shown in orange. Why not?
Maybe it's leverage... something like Frost might have a lot of exposure to commercial real estate loans that affect short term liquidity.
For the asshat who downvoted: LINK
This post was edited on 3/12/23 at 10:32 pm
Posted on 3/12/23 at 10:16 pm to anc
I would be more worried about banks with few or without physical locations.
Goldman Sachs, 2 branches
JPMC has nearly 4,800 branches. A branch in every state in the lower 48. Wells Fargo is not far behind.
You can almost call these 2 the Family Dollar and Dollar General of bank branches.
At least with a physical location, you have a place to physically get your money, and that is one more “asset” a bank has.
Goldman Sachs, 2 branches
JPMC has nearly 4,800 branches. A branch in every state in the lower 48. Wells Fargo is not far behind.
You can almost call these 2 the Family Dollar and Dollar General of bank branches.
At least with a physical location, you have a place to physically get your money, and that is one more “asset” a bank has.
This post was edited on 3/13/23 at 5:52 am
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