Posts Tagged ‘First Republic Bank’
Watchman Warning: Bank Stocks Have Resumed Their Plunge Led By Small US Banks Such As First Republic, Which Is Down 60% This Morning As The Market Realizes The Bank Run Is Only Starting
The History of the Regulators Had Fallen Asleep Once More! Anyone Recall SBF and FTX? Perhaps It’s Time to Start “Controlling” These Inept Bastards With “Golf Clubs” and “Golf Balls.” When The FED Is Buying The Stock Market You Will Never See The Reality. Just Keep Paying 10 Dollars For Eggs, 7 Dollars For Milk, 5 To 7 For Your Gas And Shut Up. Poll of the Day HNewsWire: The bottom line is that Joe Biden’s 9 a.m. pep talk accomplished little to boost trust in tiny US banks. Alternatively, as we previously stated, “it would be the Savings and Loan 2.0 Crisis, but we regret to inform you that there are no savings.” Meanwhile, congratulations to JPMorgan, well, JPMorgan Chase, which is going to have $18 trillion in deposits. CBDCs can’t be far behind big banks in going bankrupt—and……...Read More
Watchman Sound Warning, Bank Run: Another Bank Run! Customers Wait Outside First Republic Bank Locations in California. The Worst Has Yet to Happen, Monday Morning Will be Crazy–People Need Their Money and Big Tech CEO are Millionaire?
Back to our list of 10 banks that raised similar red margin flags to those of SVB, here’s the same group, in the same order, showing negative AOCI as a percentage of total equity capital as of Dec. 31. We have added SVB to the bottom of the list. The data was provided by FactSet: Bank Ticker City AOCI ($mil) Total equity capital ($mil) AOCI/ TEC– AOCI Total assets ($mil) Customers Bancorp Inc. CUBI West Reading, Pa. -$163 $1,403 -10.4% $20,896 First Republic Bank FRC San Francisco -$331 $17,446 -1.9% $213,358 Sandy Spring Bancorp Inc. SASR Olney, Md. -$132 $1,484 -8.2% $13,833 New York Community Bancorp Inc. NYCB Hicksville, N.Y. -$620 $8,824 -6.6% $90,616 First Foundation Inc. FFWM Dallas -$12 $1,134 -1.0% $13,014 Ally Financial Inc. ALLY Detroit -$4,059 $12,859 -24.0% $191,826 Dime Community Bancshares Inc. DCOM Hauppauge, N.Y. -$94…Read More