Banking crisis round 2?

[91cavgt]

What is going on with the banks that we are not being told?


Monody’s is not known for being proactive, but on Friday they downgraded 11 banks. Hmmm……

The Federal Reserve just held an emergency meeting in Kansas City, and several banks took part. Hmmmm……..

The president of Kenya just told all of his people to get out of the dollar due to an upcoming event. Hmmmm……..



Now I am not saying banks are collapsing. What I am saying is something is going on. Where there is smoke, there is fire. There are multiple reports from multiple sources, so are any of you hearing rumblings?

[Lungbustr]

I dont know but we are overdue for a big crash.

I think most of the next big credit problem/bank crash is commercial real estate. Its gonna happen the question is when.

[texasdeerhunter]

I can’t speak for the very large, nation-wide banks, but what I can tell you is that the majority of the community and state (Texas) banks are solvent. Unfortunately, when the “big” banks that are nationwide make bad decisions, the perception is that their failure reflects on the whole banking industry as a whine, and that filters down to the community banks and causes a panic. Community banks and regional banks don’t manage their banks the same way those nation-wide banks do. They don’t take as much risk, therefore there is less risk and exposure to the extreme shifts in the industry. My advice is to bank locally, or pick a regional bank to do business with. Find a bank that is in your community, that supports your community, and understands their customers and their needs

[Pedernal]

I dont know but we are overdue for a big crash.

I think most of the next big credit problem/bank crash is commercial real estate. Its gonna happen the question is when.

Last week I heard a report that 40% of commercial office building space in large cities remains vacant. Some financial guru was interviewed and stated that there is a big problem/crisis coming to the commercial real estate sector and the financial institutions holding those mortgages.

[WItoTX]

Kenya gets a lot of Chinese money. China has been paving roads for some time, among other infrastructure things, in Kenya.

I am not saying your wrong, because they are valid points. But I know China has been investing in East Africa for some time. Kenya's bond market is about to default. And I believe the country might be in some sort of war.

In Houston, I do believe commercial real estate is a problem as well. Our building is pretty full, but when we moved about 6 years ago now, our old building kept increasing our rent, to the point that our new building, which is newer, and way nicer, was half the price. Our old building now sits mostly empty, after BP left during covid.

[jdg13]

In Houston, I do believe commercial real estate is a problem as well. Our building is pretty full, but when we moved about 6 years ago now, our old building kept increasing our rent, to the point that our new building, which is newer, and way nicer, was half the price. Our old building now sits mostly empty, after BP left during covid.

Back in 2018 we moved to a much nicer complex because the company was growing. Went back to a conference in the meeting center attached to our old building. The floor we used to occupy was like we had just left 4 years earlier. The offices near my house have had for lease signs so long that some are faded to the point you can barely read them. Covid and work form home seems to have kicked commercial real estate hard.

[RiverRat1]

My wild guess is it's all BS while they buy up all stocks cheap. It never fails though once the markets are higher and the TV (end every source of info out there) says it's good to get back in the markets they'll start dropping again.

If there were a problem with banks the markets would be reflecting it.

[91cavgt]

Here is a list of the banks that Moody’s downgraded:
Comerica Inc.
First Republic Bank
Intrust Financial Corporation
UMB Financial Corp
Western Alliance Bancorp
Zions Bancorporation
Associated Banc-Corp.
First Hawaiian Inc.
Washington Federal Inc.
U.S. Bank


Here’s a link to the article talking about it;

https://www.deseret.com/2023/4/22/23694008/moodys-downgrades-11-regional-banks-zions-u-s-bank-western-alliance

[MadHatter]

So First Republic failed?
Did I miss something, or haven't been paying attention?
Seems JP bought a piece, but that's 3 now.
91, is this just part of the downgrade?

[RiverRat1]

So First Republic failed?
Did I miss something, or haven't been paying attention?
Seems JP bought a piece, but that's 3 now.
91, is this just part of the downgrade?

I started a thread in ATC on this. I didn't want to try and figure out the truth on what went down as it all seemed very fishy.

JPM bought it (well got paid to take it as it appears). How do they pull these things off on Sundays is what I want to know. Why was no one else allowed to bid? Thought there was a law that a bank could only hold 10% of deposits but heard this put them way over that...

My thought is this is the new stimulus bailout plan. Screw the mid/lower class with higher rates and bail out all the rich using "insured" FED money so they act like they're not printing more money. Markets are surely not trading like banks are failing.

[DapperDan]

3 more banks circling the drain.

Pacwest bankcorp dropped 27% today and is trading at 6.55 a share. This is down from 26.68 a share on March 8 and down 72% over 6 months.

Western alliance dropped 15% and closed at 30.93 a share. This is down from 71.56 on March 8 and down 53% over the last 6 months

Metropolitan bank dropped 20% and closed at 21.24 a share. This is down from 54.74 since March 8 and 68% over the last 6 months.

Most of these banks took a dive around the same time Silicon Valley did.

As these regional banks close my opinion is they will be consolidated into the major big banks like JP Morgan Chase. Scary to think of a hand full of banks having that much control over the majority of the population’s finances.


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[DapperDan]

Add zions bankcorp to the list. Down 50% since March 8.


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[BowhunterB]

3 more banks circling the drain.

Pacwest bankcorp dropped 27% today and is trading at 6.55 a share. This is down from 26.68 a share on March 8 and down 72% over 6 months.

Western alliance dropped 15% and closed at 30.93 a share. This is down from 71.56 on March 8 and down 53% over the last 6 months

Metropolitan bank dropped 20% and closed at 21.24 a share. This is down from 54.74 since March 8 and 68% over the last 6 months.

Most of these banks took a dive around the same time Silicon Valley did.

As these regional banks close my opinion is they will be consolidated into the major big banks like JP Morgan Chase. Scary to think of a hand full of banks having that much control over the majority of the population’s finances.


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Just another way to have more control over. The noose tightens.

[RiverRat1]

Far easier to create a digital currency when the FEDs "own" a few large banks. Just like it was easy for them to control all social media once they "owned" FB, Google, etc.

[BowhunterB]

Far easier to create a digital currency when the FEDs "own" a few large banks. Just like it was easy for them to control all social media once they "owned" FB, Google, etc.

Yes, sir, that is just what I was thinking and basically meant by control. Getting a little scary.