Saturday, September 9, 2023

"Banking Crisis Update 9/923"

Full screen recommended.
Dan, I Allegedly, 9/9/23
"A Small Bank With A Big Problem"
Everyone is focused on the big banks. But what happens when a small bank starts to have the problems with liquidity and with losing money? This problem is going to continue and it’s only going to spread to other banks.
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o
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The Atlantis Report, 9/9/23
"Is Wells Fargo About To Go Out Of Business?"
A debate inside Wells Fargo over what to do with the mortgage franchise has been heating up for months, with a consensus starting to take shape in recent weeks. Banks dominated the home-loan market heading into the 2008 financial crisis. After the bust, many large lenders faced tens of billions of dollars in losses from mortgage-related operations and retreated. Wells Fargo held itself out as the exception. The firm avoided an annual loss in the crisis and then rode a surge in refinancings, making mortgages a key part of its identity.
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o
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The Economic Ninja, 9/9/23
"JP Morgan Chase Bank Warning (Bank Branches Closing)"
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