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SVB collapse: Moody's flags six other banks with concerning credit ratings
FOX Business ^ | March 14, 2023 | By Aubrie Spady

Posted on 03/14/2023 7:59:25 AM PDT by Oldeconomybuyer

Moody's Investors Services, a credit rating system, put several banks on review for a potential downgrade following the collapse of Silicon Valley Bank (SVB).

The Federal Deposit Insurance Corporation (FDIC) announced the closure of Silicon Valley Bank on Friday amid a run on the bank, a move that raised concerns about the potential of future bank collapses.

Following that collapse, Moody's placed First Republic Bank (FRC), Zions (ZION), Western Alliance (WAL), Comerica (CMA), UMB Financial (UMBF) and Intrust Financial on review, meaning the banks are now perceived as more risky investments by lenders.

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


TOPICS: Breaking News; Business/Economy; Government; Politics/Elections
KEYWORDS: bankfailures; banks; bidenflation; cma; frc; inflation; moodys; umbf; wal; zion
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To: ridesthemiles

Well, there’s always subway platform diving. Just disguise yourself as a Chinese woman and walk in front of a homeless guy.


21 posted on 03/14/2023 9:26:34 AM PDT by Eleutheria5 (Every Goliath has his David. )
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To: Magnum44
I dont use a bank. I use a credit union for basic services (checking, savings, VISA card)

I've been a credit union member for many years. My credit union survived the great financial crisis. There were CU failures, but the big problem was with what is called corporate credit unions. They offered services to customer based credit unions.

Before the GFC hit, I had a checking account and CD's with a big money center bank(BMCB) and played ping pong to get the best rates between my CU and the BMCB. At some point before the banking crisis took off, the BMCB started limiting electronic transfers leaving the bank. Of course there was no restrictions on electronic transfers going into the bank.

The final straw with the BMSB was they wouldn't let me terminate a CD prematurely online. I had to do it in person. The closest BMCB office was over a hundred miles away. I made the trip and closed out everything except my AA miles card..

22 posted on 03/14/2023 9:30:12 AM PDT by EVO X ( )
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To: NautiNurse

n.b. - Credit Suisse has been a concern for awhile. This might push them pretty hard.


23 posted on 03/14/2023 9:40:02 AM PDT by Fury
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To: EVO X

Credit Unions are good places to bank. Have a Navy Federal account, credit card, etc - top notch.


24 posted on 03/14/2023 9:41:07 AM PDT by Fury
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To: ridesthemiles

Do a Google image search for: “Jump For Trump”.
Today, those windows protect Progressives.


25 posted on 03/14/2023 9:51:15 AM PDT by bobcat62
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To: Sicon
MAZA!!! (Make America Zimbabwe Again!)

How’s this?


26 posted on 03/14/2023 9:52:44 AM PDT by ConservativeInPA ("How did you go bankrupt?" Bill asked. "Two ways," Mike said. "Gradually and then suddenly." I )
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To: blackdog
I second that. See, I am all for diversity! One Brainiac vs. political morons.

; )

27 posted on 03/14/2023 10:00:17 AM PDT by Chgogal (Welcome to Fuhrer Biden's Weaponized Fascist Banana Republic! It's the road to hell..)
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To: Fury
I am not sure how things work today with all the wokeness, but not too long ago the CU would kick one out for not paying their bills.

There has been quite a bit of consolidation with credit unions in my area. Small credit unions merged with bigger CUs because it was too expensive to meet regulatory requirements.

28 posted on 03/14/2023 10:09:37 AM PDT by EVO X ( )
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To: Tell It Right
What was Moody’s ratings of the failed banks before their collapses? Can anybody get that info?

The answer is yes.

Open the 'wayback' machine. (http://web.archive.org/)

Plug in moody's (https://www.moodys.com/).

Select a date, there are hundreds to choose from going back to 2000.

Drop into the page of interest.

29 posted on 03/14/2023 10:30:40 AM PDT by C210N (Everything will be okay in the end. If it’s not okay, it’s not the end.)
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To: Eleutheria5
Or swimmers.


30 posted on 03/14/2023 10:31:57 AM PDT by C210N (Everything will be okay in the end. If it’s not okay, it’s not the end.)
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To: Sicon

At least he is paying


31 posted on 03/14/2023 10:32:04 AM PDT by Lee25 ( )
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To: C210N

Contrarily, my stocks are still surging upwards. Not complaining.


32 posted on 03/14/2023 10:52:26 AM PDT by Eleutheria5 (Every Goliath has his David. )
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To: ConservativeInPA

On the one hand, MAZA evokes “Please don’t beat me, maza!” On the other, MAZDA is a decent little car, voted best in 2022. Which acronym is better? You decide.


33 posted on 03/14/2023 10:55:47 AM PDT by Eleutheria5 (Every Goliath has his David. )
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To: Sicon

Only difference between that picture and one of Germany in 1929 is the skin pigmentation.


34 posted on 03/14/2023 10:57:39 AM PDT by Eleutheria5 (Every Goliath has his David. )
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To: Eleutheria5

Oh noes, maza. I gots to tink on da.


35 posted on 03/14/2023 11:01:41 AM PDT by ConservativeInPA ("How did you go bankrupt?" Bill asked. "Two ways," Mike said. "Gradually and then suddenly." I )
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To: Oldeconomybuyer

https://www.dailymail.co.uk/news/article-11859379/Only-ONE-member-failed-SVBs-board-experience-investment-banking.html


36 posted on 03/14/2023 11:02:23 AM PDT by mewzilla (We will never restore the republic if we don't first secure the ballot box.)
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To: Tell It Right

Moodys is always a day late and a dollar short—total joke.


37 posted on 03/14/2023 11:03:25 AM PDT by cgbg (Claiming that laws and regs that limit “hate speech” stop freedom of speech is “hate speech”.)
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To: Eleutheria5

Pigs get fat and hogs get slaughtered—great time to congratulate yourself on your wise investment strategy—and cash out now.


38 posted on 03/14/2023 11:04:45 AM PDT by cgbg (Claiming that laws and regs that limit “hate speech” stop freedom of speech is “hate speech”.)
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To: cgbg

Not yet.


39 posted on 03/14/2023 11:12:37 AM PDT by Eleutheria5 (Every Goliath has his David. )
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To: Oldeconomybuyer

Wow, Moody’s may have just written the “IndyMac letter” to unravel CRE debt. Wow.


40 posted on 03/14/2023 12:58:56 PM PDT by StAnDeliver (Tanned, rested, and ready.)
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