DOWNGRADES and WARNINGS: Moody’s Outlook on 27 American Banks

The Organic Prepper ^ | August 10, 2023 | Daisy Luther

[Diana in Wisconsin]

Right on the heels of seeing a downgrade of the creditworthiness of the United States itself, Moody’s has downgraded ten small to medium banks across the country, citing “financial strain” and “strains that could erode their profitability.” Six more banks are under review, and another eleven have been shifted from “stable” to negative.

If you still have all your money in the banking system, you’re quickly running out of time to change strategies and preserve some of your wealth. Which banks got downgraded?

The ten banks which were downgraded are:

Commerce Bancshares

BOK Financial Corporation

M&T Bank Corporation

Old National Bancorp

Prosperity Bancshares

Amarillo National Bancorp

Webster Financial Corporation

Fulton Financial Corporation

Pinnacle Financial Partners

Associated Banc-Corp

According to the Federal Reserve, the largest of these is M&T, which is the 19th largest bank in the country. More banks are under review.

But the downgrades may not stop there. Moody’s has said that six more banks are “under review.”

Those banks are:

Bank of New York Mellon Corporation

Northern Trust Corporation

State Street Corporation

Cullen/Frost Bankers

Truist Financial Corporation

U.S. Bancorp

Other banks have been given a “negative outlook.”

The bad news doesn’t stop with these 16 banks. Another eleven have been shifted from stable to negative:

PNC Financial Services Group

Capital One Financial Corporation

Citizens Financial Group

Fifth Third Bancorp

Huntington Bancshares

Regions Financial Corporation

Cadence Bank

F.N.B. Corporation

Simmons First National Corporation

Ally Financial

Bank OZK

According to the Washington Post:

And Moody’s assigned a negative outlook to 11 more banks, meaning their ratings could be downgraded in the medium to long term. That group also included some of the nation’s biggest lenders, including PNC Financial Services Group, Capital One and Citizens Financial.

*SNIP*

Of course, “experts” are saying there’s nothing to see here.

I don’t think that I’m jumping the gun when I say that things are going downhill fast. But financial experts in the mainstream sector seem to feel like this is not concerning.

Christopher Marinac, director of research at Janney Montgomery Scott, said that the news would have little impact on customers.

‘I don’t think there is a risk at all. You cannot expect banks to have zero credit problems and zero losses all of the time.’

He added that customers of the banks affected could trust their money is ‘safe.’

The mainstream is saying that we don’t need to move our money. And as we saw before, a massive de-banking can actually cause a bank to go under.

I am not a financial advisor, but I can tell you that I personally am NOT keeping all my financial eggs in one basket – er – bank account. You need to make your decisions based on strategies that work for you, not in the hopes of supporting the banks. You need to find advisors who are NOT involved with your bank – of course, the banks’ advisors will tell you everything is fine. It’s game on for the economic collapse.

It would be nice if I could say that I see a way for things to get better. But between “Bidenomics,” banks tumbling like a row of dominos, the looming threat of CBDCs, and rampant inflation, I just cannot give a positive prediction.

You are the only person who can make decisions solely in the best interest of yourself and your family. You cannot expect the banks to be looking out for you or the government to watch your back.

These downgrades from Moody’s ARE the warning. A wise person will heed it.

[FlingWingFlyer]

Bidenskyyyynomics Rocks! LOL! sarc/

[Lockbox]

Gee is this a Lib plan to get rid of small banks? The way these commies think you have to ask the question.

[EEGator]

Incoming!…

[FlingWingFlyer]

I wonder how many of these have started refusing gun purchases.

[Diana in Wisconsin]

FWIW: The last of what we owe on the crop land is on mortgage (3%!) with Old National Bancorp. We’ll be paying that off immediately and closing the account there.

The last thing I want is them to go under and sell up to the lowest bidder who will jack up our interest rate. It’s not much to pay off and is do-able.

Now would be the time to act if anyone else is in a similar situation.

Or, this could all be fear-mongering, but it is the last bit of money we owe to anyone and I want to be done with it and put that $700/month back into our monthly budget.

[Diana in Wisconsin]

“But between’Bidenomics,’ banks tumbling like a row of dominoes, the looming threat of CBDCs and rampant inflation, I just cannot give a positive prediction.” ~ Daisy Luther

[Worldtraveler once upon a time]

From the blog: “You are the only person who can make decisions solely in the best interest of yourself and your family. You cannot expect the banks to be looking out for you or the government to watch your back.” Sage advice.

[wardamneagle]

I wonder how many of these have started refusing gun purchases.

Or oil companies capital investing

[Leaning Right]

> Gee is this a Lib plan to get rid of small banks? <

That’s probably part of the equation. But there are also a few big names in the “under review” and “negative outlook” lists. That’s pretty disturbing.

Maybe some knowledgeable Freeper can answer: Is this normal? Do big banks like Bank of New York Mellon move in and out of such lists? Or is the new and uncharted territory?

[mikelets456]

Inflation through the roof, $4 per gallon gas, imminent war, open borders causing crime, rampant spending, economy sucks (I don’t care what they say), diddling kids and encouraging them to be sexualized, forced vaccines or lose your job, dividing us citizens etc...

....This administration is literally a bunch of Fascists and the left cheers that they’re “humanitarians”.

[EEGator]

Anarcho-tyranny.

[SaveFerris]

Yep - excellent summary of the current disaster of Joe and his policies

[Alberta's Child]

Mortgage banking is one of the few industries in the U.S. where the laws and regulations are rigged in favor of the customer (the borrower). These banks all operate under the same enormous disadvantage:

There's no such thing as a fixed-rate mortgage.

A mortgage is only carried for a fixed rate for as long as the customer does so. If rates go down, a customer with a fixed-rate mortgage always has the option of refinancing the mortgage without any penalty. But when rates go UP, the bank has no option to refinance.

So you occasionally end up with a scenario like we have today -- where millions of homeowners are paying off mortgages at rates of 3% (which doesn't even cover inflation), while rates on conventional mortgages are up to 7% or more.

[Sirius Lee]

I wonder how many of these have started refusing gun purchases. Or oil companies capital investing

Go woke, go break the entire economy of a nation.

[Tilted Irish Kilt]

Prepper ping - Your family finances in a bank may have been downgraded, or may be currently “under review”
\ Certain regional banks have been merged and warnings have been issued . “Bidenomics” are on display
“A wise person will heed it”

”Right on the heels of seeing a downgrade of the creditworthiness of the United States itself, Moody’s has downgraded ten small to medium banks across the country, citing “financial strain” and “strains that could erode their profitability.” Six more banks are under review, and another eleven have been shifted from “stable” to negative. “

”If you still have all your money in the banking system, you’re quickly running out of time to change strategies and preserve some of your wealth. Which banks got downgraded?
“The ten banks which were downgraded are:” (and then they are listed, as well as those banks that are “under review)..

”You are the only person who can make decisions solely in the best interest of yourself and your family.
You cannot expect the banks to be looking out for you or the government to watch your back.
These downgrades from Moody’s ARE the warning.
A wise person will heed it. “

[CodeToad]

So? The banks got the money to lend at low interest rates.

[Noumenon]

That's Bidenomics!

I have obe word for anyone with cash or investments in these institutions: bail.

[CFW]

Hubby and I are suddenly being just overloaded with credit card offers. Every day we are getting several with all types of enticements. Zero interest, $500 to $1000 credit, etc. It’s crazy! Banks are begging for more customers who will go in debt to them.

We also are getting emails asking us to open checking and savings accounts with various banks. Those too offer $200 to $500 credits for just opening an account with a five or ten thousand dollar transfer to their bank.

I expect to see more banks go under this fall.

[NorthMountain]

a customer with a fixed-rate mortgage always has the option of refinancing the mortgage and paying points and fees when he does so, along with a new interest rate which is tied to his credit score, and if his property has declined in value the banks won't issue a refinance loan anyway.

The banks aren't run by idiots.