JPMorgan Chase, Wells Fargo and BofA Hit With Negative Ratings Outlook As Moody’s Says US Government Has Weaker Capacity To Support Big Banks

The Daily Hodl ^ | 11/19/23

[PerConPat]

Agree...Commercial real estate loans are the powder kegs under the security of many banks.

[CFW]

https://www.theepochtimes.com/article/64-us-bank-branches-file-to-shut-down-in-a-single-week-are-you-affected-5535924

“US Banks File to Shut 64 Branches in a Single Week—Are You Affected?”

“Big banks such as PNC Bank and JPMorgan Chase have filed to close several branch offices in multiple states amid a troubling pattern of rising branch shutdowns in recent years.

Between Nov. 12 and 18, several banks filed to close branch locations, with PNC Bank with the most filings, according to data from the U.S. Office of the Comptroller of the Currency. Pittsburgh-based PNC Bank filed for 19 branch closures—five in Pennsylvania, four in Illinois, three in Texas, two each in Alabama and New Jersey, and one each in Indiana, Ohio, and Florida.

JPMorgan Chase followed closely with 18 filings—three in Ohio, two each in Connecticut and South Carolina, and one each in 11 states, including New York, Illinois, Florida, and Massachusetts.”

[mewzilla]

And it won’t just happen in the US...

[EBH]

there’s 4 in Ohio for Citizens. My branch is closing in Berea, Ohio.

Impression is they are not reporting ALL the branches that are scheduled to close.