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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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1 posted on 03/14/2023 7:59:25 AM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

Print. Print your way to prosperity!


2 posted on 03/14/2023 8:02:42 AM PDT by Sirius Lee (They intend to murder us. Prep if you want to live and live like you are prepping for eternal life)
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To: Oldeconomybuyer

Financial pundit scuttlebutt names Credit Suisse as the next collapse. Check out the website. Credit Suisse is awash with Diversity, Inclusion, and Sustainability jabberwocky.


3 posted on 03/14/2023 8:03:38 AM PDT by NautiNurse (There was a 2022 mid-term Red Wave...in Florida! )
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To: Oldeconomybuyer

What was Moody’s ratings of the failed banks before their collapses? Can anybody get that info?


4 posted on 03/14/2023 8:03:58 AM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: Oldeconomybuyer

The fed forced banks to hold treasuries over mortgages to avoid 2008 again. Fifteen years of 1.5% treasuries suddenly facing 4.5% treasuries leaves an awful lot of reduced value Treasury holdings.


5 posted on 03/14/2023 8:06:08 AM PDT by blackdog ((Z28.310) Forget "Global Warming", new grants are for "Galaxy Dimming")
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To: Oldeconomybuyer

I dont use a bank. I use a credit union for basic services (checking, savings, VISA card). My retirement funds are manged by a retirement financial services group and are in mostly mutual funds.

I think my assets are more secure than if they were in a bank, but I presume the fall out of this banking failure can have ripple effects into these other institutions.


6 posted on 03/14/2023 8:07:35 AM PDT by Magnum44 (...against all enemies, foreign and domestic... )
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To: NautiNurse

they’ve been failing for quite a while now. this is probably just going to put them over the edge


7 posted on 03/14/2023 8:07:37 AM PDT by spacejunkie2001
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To: Oldeconomybuyer

Charles Payne for Fed Chairman.


8 posted on 03/14/2023 8:07:54 AM PDT by blackdog ((Z28.310) Forget "Global Warming", new grants are for "Galaxy Dimming")
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To: NautiNurse

The pensioners relying on woke state and city investments for their retirements will be clamoring for a DC mulligan to wash away the state and city stupidity and losses.


9 posted on 03/14/2023 8:09:32 AM PDT by hardspunned (Former DC GOP globalist stooge)
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To: hardspunned

All part of the plan.

To “Build Back Better”, you must destroy, first.


10 posted on 03/14/2023 8:12:02 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: Sirius Lee
MAZA!!! (Make America Zimbabwe Again!)


11 posted on 03/14/2023 8:13:52 AM PDT by Sicon ("All animals are equal, but some animals are more equal than others." - G. Orwell)
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To: Oldeconomybuyer

The Detroit Tigers better hurry up and cash their royalty check from Comerica for the stadium naming right.


12 posted on 03/14/2023 8:17:46 AM PDT by shotgun
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To: Sirius Lee
[Print. Print your way to prosperity!]

Woohoo!!!


13 posted on 03/14/2023 8:19:26 AM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: Oldeconomybuyer

All listed probably celebrate gay lesbian and transgender ACTIVISM as well as diversity equity and inclusion with the heavy investment in climate change and ESG you have nothing to lose but your life savings. Its not about economics


14 posted on 03/14/2023 8:24:06 AM PDT by ronnie raygun
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To: Sicon

I’m laughing at your post but probably shouldn’t be.


15 posted on 03/14/2023 8:31:39 AM PDT by broken_clock (Go Trump! Still praying.)
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Comment #16 Removed by Moderator

To: Oldeconomybuyer

Zions? Ain’t that the Mormon bank?


17 posted on 03/14/2023 8:52:08 AM PDT by crusty old prospector
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To: Oldeconomybuyer

Any jumpers on Wall Street yet?


18 posted on 03/14/2023 9:20:28 AM PDT by Eleutheria5 (Every Goliath has his David. )
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To: Eleutheria5

The newer buildings in NYC were built with windows that CANNOT be opened-—due to Oct 1929.


19 posted on 03/14/2023 9:24:28 AM PDT by ridesthemiles
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To: Oldeconomybuyer
So the 2008 banking crisis was largely the result of banks making too many very risky loans based on leftist political demands.

The coming 2023 crisis is due to more of the same. Gee. Who couldn't see that coming?
20 posted on 03/14/2023 9:26:13 AM PDT by Antoninus (Republicans are all honorable men.)
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