Posted on 03/18/2023 3:01:40 PM PDT by RomanSoldier19
Nearly 200 more banks may be vulnerable to the same type of risk that took down Silicon Valley Bank: The value of the assets they hold.
There are 186 banks across the country that could fail if half of their depositors quickly withdraw their funds, a new study published on the Social Science Research Network found. Even insured depositors — those with $250,000 or less in the bank — could have problems getting their cash if these institutions face the sort of run that Silicon Valley saw a week ago.
The concern is that these banks hold a significant amount of their assets in interest-rate sensitive financial instruments like government bonds and mortgage backed securities. The value of those older, low-interest investments dropped sharply as the Federal Reserve hiked interest rates over the past year.
(Excerpt) Read more at nypost.com ...
But Yellin told me all is well.
She told me all the banks are safe.
So if all small banks lose customers the top four or five saved by the Government can be Socialist Government Controlled Banks that decide all the rules and pick winners and losers.
Loans for gun owners? Denied.
Registered GOP? No college loan or can loan for son and daughter.
Christian opening a business: Loan Denied.
Then.....the cashless ATM card goes dead if you cross any line. In Friday by Robert Heinlein the plastic money card burned and melted inside the banking machine. Taken as a big “no.”
But Yellin told me all is well.
She told me all the banks are safe.
*************
All our problems are ‘transitory’ don’t you know.
Get ready for a huge drop Monday in the markets.
Meant to say no car loan....
Meant to say no car loan....
Maybe yes. Maybe fear porn.
That digital currency idea is burning a hole in our government’s
pocket.
End times is rapidly roaring in on us like a tsunami.
So what?
I’m not worried. I finally perfected my soylent green recipe.
Vulnerable to taking “free” money.
The Lesson: when money is free DON’T buy bonds!
“older, low-interest investments”
We snagged 2.5% in 2020! I apologize to everybody for causing bank failures. I sure hope there’s no fine print that says they can call the mortgage.
SSRN just couldn’t leave it alone. Had to get their 15 minutes of fame. Does anyone know what SSRN does and how credible they are?
If you can figure it out let us know.
https://en.wikipedia.org/wiki/Social_Science_Research_Network
They claim to be foremost that and this and anyone can post that registers. Just another unfiltered outlet for blabbermouths to me.
That is a really obnoxious gif. I hate that guy.
I sure hope this doesn't interfere with the Biden Family collecting gratuities or the US government's sending money to Ukraine...
more than 200, no doubt.
HSBC bought SVB UK for 1 pound sterling; paid out $18 million in bonuses just days later.(Chinese have been unhappy for years that non-Chinese still dominate HSBC’s board/executive.):
13 March 2023 (according to search results): HSBC Business: Sustainable Finance and Investment: Can an opportunity for the planet, also be an opportunity for your business?
Finance has a crucial role to play in tackling climate change and broader environmental, social and governance (ESG) issues...
HSBC has committed to aligning the financed emissions from our portfolio of customers to net zero by 2050 or sooner, in line with the Paris Agreement goals. To help get there, our target by 2030 is to provide between USD750 billion and USD1 trillion of finance and investment towards transition...
- Noel Quinn, HSBC Group Chief Executive Officer
https://www.business.hsbc.com.au/en-au/campaigns/sustainability
IFR Awards 2022: ESG Financing House: HSBC
2022 saw HSBC move beyond its traditional strengths in ESG bonds and loans to successfully focus on equities, convertibles and derivatives too. A key player in the vital transition regions of Asia and the Middle East and with new momentum in the Americas, HSBC is IFR’s ESG Financing House of the Year...
The bank is also connecting ESG financing with private capital. “There’ll be about a trillion [dollars] a year that’s needed for decarbonisation which will fall outside of the risk appetite of public markets. It will need to happen through private capital – be that infrastructure funds, private equity or venture capital,” Bidgoli (Farnam Bidgoli, global head of ESG solutions) said...
Bidgoli said the bank differentiates itself by its focus on “the outcomes that matter”. She highlighted “channelling finance into the decarbonisation of heavy industry and the hard-to-abate sectors, scaling up renewable energy, financing the breakthrough solutions across transport, agriculture and real estate that are actually going to get us to net zero”, as well as building more sustainable capital markets.
HSBC also pointed to its targets to cut its financed emissions – oil and gas by 34% in absolute terms and utilities by 75% in intensity, both by 2030. Targets for industrials, mining, real estate and agriculture will follow this year...
https://www.ifre.com/story/3658572/esg-financing-house-hsbc-tqcl04bvvn
Get ready for a huge drop Monday in the markets.
*************
Get ready for the Fed, et. al. to do whatever it takes to prevent that. I’m of the mind that they will stop at nothing to protect and backstop their banking friends. We may never know to what lengths they will go to ensure “financial stability” even if it means questionable actions and/or lasting moral hazards. JMHO
Fortunately an algorithm has been developed for all this.
1. Has the bank donated big money to Democrats?
If yes, go to line 4. Otherwise go to line 2.
2. Does the bank hold huge deposits made by liberals?
If yes, go to line 4. Otherwise go to line 3.
3. Tough luck. Your bank will fail and depositor money is gone.
4. No worries. You will get a federal bailout.
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