Bank failure Friday returns and here we go with one out of left field from Texas. Which has yours truly wondering if this is related […]
Tag: BANK FAILURE
01.17.25 Bank Failure Friday Begins: Pulaski Savings Bank, Chicago, IL
Just after I get caught up on my credit union scan, BOOM, the remnants of the Bidenista FDIC fail a Chicago area bank. Let’s see […]
10.18.24 Bank Failure Friday Returns: First National Bank of Lindsay, Lindsay, OK
No sooner than my guest on @MacroEdge Radio, Melody Wright, finishes our discussion about distressed financial institutions and bank failures, here we go again. From […]
04.26 Bank Failure Friday Returns: Republic Bank Philadelphia, PA
The small and regional banks are in deep dire trouble and the Federal Reserve’s policies are not going to help as commercial real estate and […]
JohnGaltFLA’s 2024 Drunken Predictions: A Pole Shift
Yes ladies and gents, and those undecideds who reside in weirdo states and nations who really have no clue about biology and reality, it is […]
Bank Failure Friday Returns (again): Citizens Bank of Iowa
And here we go gang… The FDIC Fridays are back after a Federal Reserve artificial pause so the party might get going every Friday night […]
07.28.23 FDIC Bank Failure Friday Rides Again: Heartland Tri-State Bank Elkhart Kansas Seized by FDIC
Just when everyone thought it was safe to jump back into the regional bank waters, here we go again, although a much smaller fish in […]
03.24.23 Stock Market Preview: Cue the Piano Music
Europe is getting smoked this morning. Yesterday was a disastrous intraday reversal on meh volume. And the charts below indicate that Petula Clark will be […]
FOMC Today: The Four Horseman of the Bondpocalypse Ride
Today will be a historic event for those of us who are both historians and economic geeks. The Federal Reserve Open Market Committee reveals the […]
The Banking Crisis is A LOT Worse than Reported Earlier
Now you can panic. Just about 3 hours ago, I reported on the letter from the mid-sized banks to the FDCI basically asking for a […]
The Banking Crisis is Worse than Reported
There has been a lot of speculation as to why the second and third largest bank failures in US history occurred in the last ten […]
Oops, Something Else Broke
So steepening the yield curve probably isn’t such a hot idea even if it’s only 12 bps thus far: And the US Treasuries are watching […]
FDIC Sunday?? Signature Bank of NY Closed by Regulators
The State of NY in coordination with the New York Federal Reserve has closed Signature Bank, the once free-wheeling crypto bank. From CNBC: Regulators close […]
The Media Reaction to Silicon Valley Bank is a Sight to Behold
The headlines from the “financial” media were screaming loud and hot yesterday creating the type of panic and hyperbole unseen since the latter days of […]
Is the First Bank Run of 2023 Happening? Silicon Valley Bank is Imploding
I don’t want to say this is bad, but just after 7:30 ET tonight, the stock was trading down, about 70%! Ouch. Then I saw […]