Bank Crash
Watchman Warns Banks Are In Trouble Regional Bank Stocks Are Crashing Again…
HNewsWire: by Tyler Durden Yesterday it was NYCB that grabbed the headlines and spoiled Powell’s day. As we detailed here (and here), the banking crisis never went away and it now appears the rest of the market realizes that too as Regional Bank shares are extending their losses significantly today… This morning saw the US CRE crisis go global as Aozora Bank faced the music on its balance sheet folly. NYCB is extending losses (well below SVB lows)… Western Alliance Bancorp is getting clubbed like a baby seal today… Shares of Zions Bancorp, Comerica and Webster Financial are also tumbling along with Citizens Financial, Regions Financial, SouthState, Prosperity Bancshares, Schwab, PacWest, and Huntington Bancshares… The market appears to be finally pricing in the end of the BTFP, and all the chaos that will ensue from that, […]
Watchman: Three Wall Street Mega Banks Hold $157.3 Trillion in Derivatives–-That’s $56.7 Trillion More Than the Entire World’s GDP Last Year–‘Biggest Crash of Our Lifetime Coming’ AKA Tribulation, Get Prepared!
HNewsWire: By StevieRay Hansen A consumer spending expert has released a dismal forecast for the US economy in 2024. Harry Dent told Fox Business on Tuesday that “since 2009, this has been 100 percent artificial, unprecedented money printing and deficits: $27 trillion over 15 years, to be exact.” “This is completely manufactured, off the charts, which indicates that things are serious right now. In my opinion, 2024 will be the largest single collapse year of our lives.” “We need to send a message to central banks and get back down to normal,” he continued. “This should be a lesson we never revisit,” he said. I doubt that we will witness another bubble in our lifetimes.” Side Bar: The Pentagon recently acknowledged that it was unable to account for trillions of dollars in taxpayer funds since it had failed a significant […]
Watchman Banks Are In Trouble: New York Community Bancorp Cut To ‘Junk’ By Moody’s 33% Of Deposits Uninsured,the Crash is Coming
By SRH, HNewsWire Reporting: Embattled regional bank New York Community Bancorp received another blow Tuesday evening when Moody’s Investors Service lowered its credit rating to junk status. Moody’s downgraded New York Community Bancorp due to “challenges” stemming from the lender’s unexpected loss in the commercial real estate market. The downgrade reduced the bank’s credit rating by two notches from its prior level, indicating a significant lack of faith in the bank’s capacity to repay its debt holders. “NYCB’s core historical commercial real estate lending and significant and unanticipated loss on its New York office and multifamily property could create potential confidence sensitivity,” according to the assessment released by Moody’s Investors Service. Following the downgrading, New York Community Bancorp shares fell 17% in after-hours trading on Tuesday evening. This loss comes on top of a 22% selloff in regular trading. Credit […]