No banks are safe (bail ins, FDIC limits, systemic risks)
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- Messages
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FDIC: Top depositors led 2023 runs at failed regional banks
Silicon Valley Bank, Signature Bank and First Republic Bank each lost about half of their deposits in a matter of days in early March 2023, the regulator found.
- Messages
- 44,159
- Reaction score
- 7,511
- Points
- 288
Student Debt, Along With Credit Cards and Car Loans, Are Seriously Weaking Bank Balance Sheets
Defaulted student loan borrowers are also having issues with their other credit products. They now have very high delinquency rates across all credit products...
goldseek.com
- Messages
- 44,159
- Reaction score
- 7,511
- Points
- 288
5 bank failure-related changes the FDIC is considering
The agency’s chair, Travis Hill, outlined potential changes to deposit insurance assessments, private capital’s role in bids for failed banks, and a potential exception to the “least cost” requirement.
- Messages
- 44,159
- Reaction score
- 7,511
- Points
- 288
EagleBank to pay $9.7M to resolve BSA violations
The Bethesda, Maryland-based lender admitted to knowingly letting customers engage in a check fraud scheme, and to having lax anti-money laundering controls for more than a decade.
- Messages
- 44,159
- Reaction score
- 7,511
- Points
- 288
Fed dings small Kansas lender for third time since 2023
Lenexa, Kansas-based Small Business Bank must address being “significantly undercapitalized” within 30 days, the central bank wrote.
- Messages
- 44,159
- Reaction score
- 7,511
- Points
- 288
^
www.fdic.gov
The Farmers State Bank of Oakley, Kansas Assumes All Deposits of Small Business Bank, Lenexa, Kansas | FDIC.gov
Small Business Bank in Lenexa, Kansas, was closed today by the Kansas Office of the State Bank Commissioner, which appointed the FDIC as receiver.
www.fdic.gov
The first snowflake to start the slide.
- Messages
- 44,159
- Reaction score
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The FDIC Issues A Warning About An Increasing Risk In Big Banks
The FDIC explicitly highlights the risk, noting that, in an economic downturn, shadow lenders may need to sell assets, putting downward pressure on asset values.
goldseek.com
You wanna know how bad things really are? This is a good interview with an Expert on debt. It all comes down to the scams that have grown out of the old ratings agencies.