It’s been a while, but here we go again. From the FDIC website tonight: Anchor Bank Assumes Insured Deposits of Community Bank and Trust – […]
Tag: BANK FAILURE
06.27.25 Bank Failure Friday Returns: The Santa Anna National Bank, Santa Anna, Texas
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 […]
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 […]