The petro dollar is dying....some just don't know it yet.
-
Be sure to read this post! Beware of scammers. https://www.indianagunowners.com/threads/classifieds-new-online-payment-guidelines-rules-paypal-venmo-zelle-etc.511734/
Second Largest Bank Failure in U.S. History…
- Thread starter Ingomike
- Start date
The #1 community for Gun Owners in Indiana
Member Benefits:
Fewer Ads! Discuss all aspects of firearm ownership Discuss anti-gun legislation Buy, sell, and trade in the classified section Chat with Local gun shops, ranges, trainers & other businesses Discover free outdoor shooting areas View up to date on firearm-related events Share photos & video with other members ...and so much more!
Member Benefits:
The petro dollar is dying....some just don't know it yet.
First Republic,the 18th largest bank in the USA appears to be in big trouble.
After hours last night it has lost more than 20%.
finance.yahoo.com
After hours last night it has lost more than 20%.
Symbol Lookup from Yahoo Finance
Search for ticker symbols for Stocks, Mutual Funds, ETFs, Indices and Futures on Yahoo! Finance.
finance.yahoo.com
Down 44+% currently.First Republic,the 18th largest bank in the USA appears to be in big trouble.
After hours last night it has lost more than 20%.
Symbol Lookup from Yahoo Finance
Search for ticker symbols for Stocks, Mutual Funds, ETFs, Indices and Futures on Yahoo! Finance.
It looks like it will be sold to another bank. They are trying an asset sale,but that did not work out well for Signature bank or SVB.
First Republic Bank exploring up to $100 billion in asset sales - Bloomberg News
A sales would help reduce the bank's asset-liability mismatch, the report said. FRC did not immediately respond to Reuters request for comment. The news of the sale comes a day after the San Francisco-based lender laid down plans to shrink its balance sheet and said it aims to increase its...
First Republic plumbs new lows, options dwindle By Reuters
First Republic plumbs new lows, options dwindle
Apparently they did not donate to the correct people or are not woke enough.
*Update 4/26/20223 3:24est
I will be shocked if it is even open come Monday 5/1/2023. The FED is likely restricting it from the discount window and emergency leding. It has had over 100billion in deposit withdraws,and is now worth less than a billion. Stock was halted in trading today.
First Republic Bank Stock Price Today | OTC FRCB Live Ticker - Investing.com
View today's First Republic Bank stock price and latest FRCB news and analysis. Create real-time notifications to follow any changes in the live stock price.
www.investing.com
First Republic faces potential curb on borrowing from Fed - Bloomberg News By Reuters
First Republic faces potential curb on borrowing from Fed - Bloomberg News
2/1/2023 First Republic Bank was worth $129.86 per share. Today 4/26/2023 trading was halted multiple times and it is worth 5 dollars and 69 cents at the close. That is a long way down.
Last edited:
4/28/2023
Looks like the government is involved now. How do you think it will go considering the bank,like most mid and small banks has a losing treasury stockpile and a commercial lending book that is almost nothing but red(not even to mention the 100 billion in deposits that fled just in the first quarter of 2023)?
finance.yahoo.com
Looks like the government is involved now. How do you think it will go considering the bank,like most mid and small banks has a losing treasury stockpile and a commercial lending book that is almost nothing but red(not even to mention the 100 billion in deposits that fled just in the first quarter of 2023)?
U.S. officials lead urgent rescue talks for First Republic -sources
U.S. officials are coordinating urgent talks to rescue First Republic Bank as private-sector efforts led by the bank's advisers have yet to reach a deal, according to three sources familiar with the situation. The Federal Deposit Insurance Corporation (FDIC), the Treasury Department and the...
Going going ...gone. 4/28/2023 5:30pm est
www.investing.com
www.zerohedge.com
Bear in mind that the 'Big Banks' have $30 billion in deposits at the embattled bank... so the FDIC has a problem already.
More detail on the above statement of 30 billion(plenty of mainstream sources for that figure as well).
Ever since 11 banks on March 16 donned the garb of heroic fire fighters, rushing to extinguish an inferno at a competitor bank before it spread further, we have been asking ourselves the question – why just this group of 11 banks.
We’re talking about the action on March 16 when 11 banks chipped in a total of $30 billion and bizarrely placed those funds as uninsured deposits into First Republic Bank – which was in full scale unraveling mode because of bond losses and – wait for it – too many uninsured deposits. Four banks contributed two-thirds of the total deposits with JPMorgan Chase, Bank of America, Citigroup and Wells Fargo ponying up $5 billion each. Morgan Stanley and Goldman Sachs deposited $2.5 billion each; while BNY Mellon, State Street, PNC Bank, Truist and U.S. Bank each deposited $1 billion, together making up the other one-third of the $30 billion.
Yesterday, we had an epiphany. We pulled up the most recent table from the Office of the Comptroller of the Currency showing the 25 bank holding companies that have the largest exposure to derivatives. Sure enough, each of those 11 banks is on the list. (See page 19 at this link.) The data is as of December 31, 2022.
Equally noteworthy, the four banks that chipped in the giant sums of $5 billion each, control 58 percent of the total $247 trillion notional (face amount) in derivatives controlled by all 25 banks.
rest of the story is at the below link. It is not good.
FDIC prepares to place First Republic under receivership By Reuters
FDIC prepares to place First Republic under receivership
JPMorgan, PNC To Buy First Republic After FDIC Seizure First Leaves Taxpayers Holding The Toxic Stuff | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
More detail on the above statement of 30 billion(plenty of mainstream sources for that figure as well).
Ever since 11 banks on March 16 donned the garb of heroic fire fighters, rushing to extinguish an inferno at a competitor bank before it spread further, we have been asking ourselves the question – why just this group of 11 banks.
We’re talking about the action on March 16 when 11 banks chipped in a total of $30 billion and bizarrely placed those funds as uninsured deposits into First Republic Bank – which was in full scale unraveling mode because of bond losses and – wait for it – too many uninsured deposits. Four banks contributed two-thirds of the total deposits with JPMorgan Chase, Bank of America, Citigroup and Wells Fargo ponying up $5 billion each. Morgan Stanley and Goldman Sachs deposited $2.5 billion each; while BNY Mellon, State Street, PNC Bank, Truist and U.S. Bank each deposited $1 billion, together making up the other one-third of the $30 billion.
Yesterday, we had an epiphany. We pulled up the most recent table from the Office of the Comptroller of the Currency showing the 25 bank holding companies that have the largest exposure to derivatives. Sure enough, each of those 11 banks is on the list. (See page 19 at this link.) The data is as of December 31, 2022.
Equally noteworthy, the four banks that chipped in the giant sums of $5 billion each, control 58 percent of the total $247 trillion notional (face amount) in derivatives controlled by all 25 banks.
rest of the story is at the below link. It is not good.
Banks that Put Up $30 Billion to “Rescue” First Republic May Have Been Trying to Rescue their Own Exposure to $247 Trillion in Derivatives
By Pam Martens and Russ Martens: April 27, 2023 ~ Ever since 11 banks on March 16 donned the garb of heroic fire fighters, rushing to extinguish an
wallstreetonparade.com
Last edited:
Federal regulators race to seize and sell First Republic Bank
Federal regulators are racing to seize and sell First Republic Bank as soon as this weekend, a source familiar with the matter told ABC News.
Federal regulators race to seize and sell First Republic Bank
Federal regulators are racing to seize and sell First Republic Bank as soon as this weekend, a source familiar with the matter told ABC News.abcnews.go.com
"Americans can rest assured that our banking system is safe," President Joe Biden said in a statement last month. "Your deposits are safe. Let me also assure you, we will not stop at this. We'll do whatever is needed."
See. Everything is ok.
It is worth half of what it was in January of 2023.
Their problem seems to be mostly commercial realestate lending. They posted huge losses for the first quarter because of it. When they posted those results depositors began to flee.
www.bloomberg.com/news/articles/2023-04-27/valley-national-deposits-lower-than-expected-as-earnings-miss
S**t Just Hit The Fan Across Markets, Regional Banks Crashing | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
Just a few banks(most all regional and small banks are WAY lower than these were yesterday).
3 more banks in trouble
finance.yahoo.com
Stocks sink as bank shares plunge, Fed meeting gets underway: Stock market news today
Investors are worried there's more turmoil to come for regional banks. They're also looking ahead to Fed decision day Wednesday.
Pac West down nearly 75% in the last year. Two more dropping this morning as well. Good times coming guys. . . and ladies.
"In premarket trading on Thursday, PacWest was down about 37 percent. Two other regional lenders, Western Alliance and Zions Bancorp, fell 19 percent and 10 percent."
www.nytimes.com
"In premarket trading on Thursday, PacWest was down about 37 percent. Two other regional lenders, Western Alliance and Zions Bancorp, fell 19 percent and 10 percent."
PacWest Says It’s Exploring Options After Shares Plunge
An intensifying challenge for bankers and regulators is how to keep the turmoil in the stock market from spilling into the lenders’ day-to-day businesses.
Invest in precious metals like copper, brass, and lead
spencer rifle
Grandmaster
Silver is also good (though overpriced at the moment). Useful for killing bacteria, circuitry, and casting vampire-slayer bullets.
Site Supporter
Latest posts
-
-
The Insane "Social Justice" Thread pt V...The Insanity is Insane.- Latest: GodFearinGunTotin
-
-
The Czickness LII….it is the grey time of year. Tungsten Grey that is…- Latest: patience0830
-
Staff online
-
d.kaufmanStill Here -
Cameramonkeywww.thechosen.tv -
GodFearinGunTotinSuper Moderator
Members online
- danatkins
- opus1776
- d.kaufman
- patience0830
- OneBadV8
- tge45
- Magyars
- Malware
- jagee
- tomcat13
- Kalashalite
- snapping turtle
- Jarvitron
- red_zr24x4
- cakndsn
- mmpsteve
- sparkmanrl
- Jeffrey
- t-squared
- DDadams
- Cameramonkey
- Ted@
- A. Ramon
- Dss21
- littletommy
- 1nderbeard
- slims2002
- bobzilla
- williamsburg
- Reale1741
- spencer rifle
- fullauto 45
- Cavman
- Gabriel
- cedartop
- BD63
- Cozy439
- Matt 22
- mcapo
- GodFearinGunTotin
- Elcardo
- Midwestjimbo
- Born2vette
- Calvin
- sakima
- Jeronimo
- shibumiseeker
- Bowhunter34
- Jacob271
- RatonRick16908
