Pacwest loses 9.5% of deposits in week ended May 5th. For comparison, it lost ~16% in the entirety of Q1. More gravely, no update on deposit outflows as of May 10th, despite update on liquidity and uninsured deposits. The silence is deafening. $PACW $WAL $MCB $BOH #regionalbanks
Regional banks have rolled over and look like they are headed back to this year's low.
$KRE #Regionalbanks
Moody's Corporation just downgraded ten more #regionalbanks I'm pounding the table telling all of my companies to apply for for their #employeeretentioncredit ASAP. It's the only active government program I can find for small business but its going to end soon. #ERC
#Bidenomics has been fantastic for companies in the #S &P500, but how about #S mallBusiness that represents over 60% of domestic job creation? Where is the support for them at a time when rates are rising and #RegionalBanks are drying up as a source of liquidity? Bad policy!
Hello friends ! I am BACK ! Dow ⬇️3rd day Nasdaq highest close this year Today down 1%,. HOT TOPICS #debtceiling #inflation OPCO sees #Fed Rate hike June. JPM says gold/cash .. #EARNINGS $DKS ⬆️ $KSS $VFC coming $ZM ⬇️ , #regionalBanks ⬆️ #pacwest sells a RE portfolio , $CVX
This is a chart of #BTFP borrowing by banks from the Fed website which shows that lower yields on 10 year US Treasuries are not helping #regionalbanks reduce their shadow liquidity borrowing 🤠Weimar Silver Baron🤠
UPDATE!
Eggemeyer stepping down from the board of $TBBK.
Please Note he is the Chairman of $BANC
(The bank that bought Pacwest $PACW)
This little detail was part of how I honed in on the $TBBK story in the first place.
#Regionalbanks $KRE
The good times are back💪 Jerome Powell is finally seeing inflation cooling but warns that he has 2 25 basis point hikes in his back pocket ready🤦♂️ Do you think he will cut rates before 2025?
#fyp #fyp シ #inflation #stockmarket #jeromepowell #basispoints #regionalbanks
Regional Banks are looking ready to RESUME their down trend and BREAKDOWN... from an even bigger topping structure.
#banks #BankingCrisis #regionalbanks #kre
#RegionalBanks rebound dissipated right at the #March2023 #SVB crash line $SVB $BKX $KBW #forex #XAUUSD
Regional banks got hit after Federal Reserve President, Neel Kashkari, called for stricter capital regulation. The suggestion could mean tougher scrutiny on banks with more than $100 billion in assets. #regionalbanks #kashkari #financialregulation #bankregulation