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20 banks that are sitting on huge potential securities losses—as was SVB
https://www.marketwatch.com ^ | March 11, 2023 | y Philip van Doorn

Posted on 03/11/2023 1:14:12 PM PST by RomanSoldier19

SVB Financial Group faced a perfect storm, but there are plenty of other banks that would face big losses if they were forced to dump securities to raise cash

Silicon Valley Bank has failed following a run on deposits, after its parent company’s share price crashed a record 60% on Thursday.

Trading of SVB Financial Group’s SIVB stock was halted early Friday, after the shares plunged again in premarket trading. Treasury Secretary Janet Yellen said SVB was one of a few banks she was “monitoring very carefully.” Reaction poured in from several analysts who discussed the bank’s liquidity risk.

(Excerpt) Read more at marketwatch.com ...


TOPICS: News/Current Events
KEYWORDS: bank; debt; financial; fun; itsnotfunny; siliconvalley; siliconvalleybank; svb; svbfinancial
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1 posted on 03/11/2023 1:14:12 PM PST by RomanSoldier19
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To: RomanSoldier19

Twenty isn’t a few. The fugly Ukrainian humping piece of shite, Janet Yellen said a few. She’s frickin, incompetent.


2 posted on 03/11/2023 1:18:25 PM PST by ConservativeInPA (Stupidly is a moral problem, not an intellectual problem. )
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To: RomanSoldier19

Pay walled but use https://12ft.io/ to work around it


3 posted on 03/11/2023 1:19:23 PM PST by nevadapatriot
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To: RomanSoldier19

Elections have consequences.

Inflation has consequences.

Inverted Yield Curves have consequences.


4 posted on 03/11/2023 1:21:43 PM PST by Paladin2
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To: Paladin2

5 posted on 03/11/2023 1:24:27 PM PST by RomanSoldier19 (Res ad Triarios venit;“We are your ghosts, in this game played by monkeys, organized by lunatics” )
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To: RomanSoldier19

From the movie “Wall Street”

https://www.youtube.com/watch?v=WgPzYc0drv8

“Dump it.”


6 posted on 03/11/2023 1:24:55 PM PST by cgbg (Claiming that laws and regs that limit “hate speech” stop freedom of speech is “hate speech”.)
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To: RomanSoldier19

As if the crisis 15 years ago, bank shenanigans, FTX (somewhat) and now SVB wasn’t enough? Get your money out of banks and at least maybe put your cash into a credit union. Borrow all you want from banks (if it’s worth it) but stay the heck away from banks if you need something to hold YOUR money.


7 posted on 03/11/2023 1:26:41 PM PST by mikey_hates_everything
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To: cgbg

More “Wall Street”:

https://getyarn.io/yarn-clip/8a16b429-5d7d-4243-9157-70622e4f4054

“Dog with fleas”.


8 posted on 03/11/2023 1:27:07 PM PST by cgbg (Claiming that laws and regs that limit “hate speech” stop freedom of speech is “hate speech”.)
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To: cgbg

dog.with.fleas


9 posted on 03/11/2023 1:27:17 PM PST by one guy in new jersey
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To: RomanSoldier19

Banks on list

Customers Bancorp Inc. CUBI, -13.11% West Reading, Pa.
First Republic Bank FRC, -14.84% San Francisco, Calif.
Sandy Spring Bancorp Inc. SASR, -2.91% Olney, Md.
New York Community Bancorp Inc. NYCB, -5.99% Hicksville, N.Y.
First Foundation Inc. FFWM, -9.11% Dallas, Texas
Ally Financial Inc. ALLY, -5.70% Detroit, Mich.
Dime Community Bancshares Inc. DCOM, -2.81% Hauppauge, N.Y.
Pacific Premier Bancorp Inc. PPBI, -1.95% Irvine, Calif.
Prosperity Bancshares Inc. PB, -4.46% Houston, Texas
Columbia Financial Inc. CLBK, -1.78% Fair Lawn, N.J.


10 posted on 03/11/2023 1:27:45 PM PST by PIF (They came for me and mine ... now its your turn)
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To: ConservativeInPA

And the “chump twenty” are?


11 posted on 03/11/2023 1:28:38 PM PST by one guy in new jersey
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To: mikey_hates_everything

thats how it all ends in the end


12 posted on 03/11/2023 1:29:51 PM PST by RomanSoldier19 (Res ad Triarios venit;“We are your ghosts, in this game played by monkeys, organized by lunatics” )
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To: PIF

Got ten more?


13 posted on 03/11/2023 1:30:04 PM PST by one guy in new jersey
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To: cgbg

14 posted on 03/11/2023 1:30:45 PM PST by ClearCase_guy (“You want it one way, but it's the other way”)
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To: RomanSoldier19

Anybody who bought bonds in the last 15 years is underwater. Portfolio managers who pleaded with clients that 60 - 40 balanced portfolios were conservative didn’t understand that money was free and had nowhere else to go. They should be fired.


15 posted on 03/11/2023 1:32:07 PM PST by immadashell (Save Innocent Lives: Ban Gun Free Zones)
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To: one guy in new jersey

Comerica Inc. CMA, -5.01% Dallas -$3,742 $5,181 -41.9% $85,406
Zions Bancorporation N.A. ZION, -2.44% Salt Lake City -$3,112 $4,893 -38.9% $89,545
Popular Inc. BPOP, -1.56% San Juan, Puerto Rico -$2,525 $4,093 -38.2% $67,638
KeyCorp KEY, -2.55% Cleveland -$6,295 $13,454 -31.9% $189,813
Community Bank System Inc. CBU, -0.22% DeWitt, N.Y. -$686 $1,555 -30.6% $15,911
Commerce Bancshares Inc. CBSH, -1.61% Kansas City, Mo. -$1,087 $2,482 -30.5% $31,876
Cullen/Frost Bankers Inc. CFR, -1.08% San Antonio -$1,348 $3,137 -30.1% $52,892
First Financial Bankshares Inc. FFIN, -0.90% Abilene, Texas -$535 $1,266 -29.7% $12,974
Eastern Bankshares Inc. EBC, -3.16% Boston -$923 $2,472 -27.2% $22,686
Heartland Financial USA Inc. HTLF, -1.26% Denver -$620 $1,735 -26.3% $20,244
First Bancorp FBNC, -0.31% Southern Pines, N.C. -$342 $1,032 -24.9% $10,644
Silvergate Capital Corp. Class A SI, -11.27% La Jolla, Calif. -$199 $603 -24.8% $11,356
Bank of Hawaii Corp BOH, -6.15% Honolulu -$435 $1,317 -24.8% $23,607
Synovus Financial Corp. SNV, -2.91% Columbus, Ga. -$1,442 $4,476 -24.4% $59,911
Ally Financial Inc ALLY, -5.70% Detroit -$4,059 $12,859 -24.0% $191,826
WSFS Financial Corp. WSFS, -2.78% Wilmington, Del. -$676 $2,202 -23.5% $19,915
Fifth Third Bancorp FITB, -4.17% Cincinnati -$5,110 $17,327 -22.8% $207,452
First Hawaiian Inc. FHB, -3.48% Honolulu -$639 $2,269 -22.0% $24,666
UMB Financial Corp. UMBF, -3.35% Kansas City, Mo. -$703 $2,667 -20.9% $38,854
Signature Bank SBNY, -22.87% New York -$1,997 $8,013 -20.0% $110,635


16 posted on 03/11/2023 1:35:00 PM PST by ConservativeInPA (Stupidly is a moral problem, not an intellectual problem. )
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To: immadashell

Bonds are ok if as an individual you have a long enough timeline to wait until maturity—but of course the longer the term the more opportunity is lost.

The problem today is that we may get both a stock market and a bond market crash at the same time—hard to do but with a decade of free federal reserve money even the impossible becomes possible.

For businesses who may need cash at any time bonds can be a disaster waiting to happen.


17 posted on 03/11/2023 1:37:47 PM PST by cgbg (Claiming that laws and regs that limit “hate speech” stop freedom of speech is “hate speech”.)
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To: RomanSoldier19

My biggest problems with credit unions have been how tight their rules have been with lending. It’s been really frustrating sometimes—but that should say something.


18 posted on 03/11/2023 1:38:01 PM PST by mikey_hates_everything
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To: mikey_hates_everything

I have way more cash stashed outside my bank than what I have in it. I keep just enough in the bank to pay my monthly bills.


19 posted on 03/11/2023 1:39:55 PM PST by Texas resident (Who is running our country?)
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To: PIF

Not that they shouldn’t have called attention to it, but MarketWatch & the eager Mr. van Doorn have pretty much sealed the fate of the ten banks they identified as “on the chopping block”.


20 posted on 03/11/2023 1:41:09 PM PST by glennaro (Never give up ... never give in ... never surrender ... and enjoy every minute of doing so.)
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