FDIC doesn’t plan to recover from private excess deposit bonds at Signature and SVB, a rare dub for the persecuted insurance industry
First Republic Bank is looking at options including a sale, per Bloomberg. Their rating was downgraded today by Fitch and S&P due to funding and liquidity issues.
Whatever gains from Tuesday to Thursday have been retraced to whatever it was Monday at close right now. Hope no one is a bag holder on this one.
Nah. CS has been a mess for a long time and the subject of plenty of people calling for their downfall.
Move over wokeness The real reason executives did everything to avoid risk management was remote work
Sure. Well name a time a bank failed before employees were as remote as they are now. Go ahead. I’ll wait!!!
FTR that account is either a bot or just incredibly stupid. I. Not saying anything about this tweet in particular but it shows with the account overall.
Fuck! I was ready to play a bounce on FRC this morning and I had a call at 930 and forgot about it. Damn it.
The mortgages companies are losing money on right now are extremely simple securities and not remotely comparable to the mortgages from 2008.
They’re paper losses because interest rates have risen. They’re still quality paper broadly speaking.
Right a lot of them are fine as long as they can hold to maturity. It’s why it’s pretty despicable that the SVB VC clowns were trying to incite bank run fears nation wide.
she’s very often wildly off base and doesn’t seem to understand what she’s commenting on most of the time
Lol my company went to FRB to get away from Chase. JUST WHEN I THOUGHT I WAS OUT THEY PULL ME BACK IN