Good link.
Here's some context. I pulled Assets from that same site.
Assets Derivatives Difference
1 $3.3T $55.3T -$52T JPMorgan Chase Bank
2 $2.4T $51.8T -$49T Bank of America
3 $1.7T $46.5T -$45T Citibank
4 $1.7T $12.2T -$10T Wells Fargo Bank
A derivative is a bet, like that oil prices or interest rates stay above or below a certain number. All it takes is a big change in one direction and many of these bets would be in trouble- like in 2008. If 5% of BoA's derivatives went bad, it would be more than all their assets, which includes all deposits. And those deposits would all be seized.
Ok. My bank is on here. Rank 1203 with a $0 derivative amount. Many banks on this list have this ranking (1203, $0). Is there a problem with these banks? If so, please help, because I am not seeing it.
It looks like it is a database of ALL banks in the U.S.
The ranking of the report is by derivative.
Basically, one could create a report by number of branches. ALL u.s. banks would be ranked according to that criteria.
Seems like fear porn as ALL u.s.banks show up on the list - does not necessarily mean you should switch banks and that there is a problem with the bank.
I'm disappointed but not surprised that USAA is on that list. I'm just wondering if they've thought through what would happen if they blew all their members' money, given that military service or being a dependent is a requirement for banking with them.
Bank and Insurance are 2 completely separate businesses, and regulated by different entities. They can't intermingle (or at least, the company doesnt want them to)
That's true and even FDIC insured won't help as it probably has billions available but insures trillions. I am sure the gov has a plan to weasel out and screw the people
Good link. Here's some context. I pulled Assets from that same site.
Assets Derivatives Difference 1 $3.3T $55.3T -$52T JPMorgan Chase Bank 2 $2.4T $51.8T -$49T Bank of America 3 $1.7T $46.5T -$45T Citibank 4 $1.7T $12.2T -$10T Wells Fargo Bank
A derivative is a bet, like that oil prices or interest rates stay above or below a certain number. All it takes is a big change in one direction and many of these bets would be in trouble- like in 2008. If 5% of BoA's derivatives went bad, it would be more than all their assets, which includes all deposits. And those deposits would all be seized.
Ok. My bank is on here. Rank 1203 with a $0 derivative amount. Many banks on this list have this ranking (1203, $0). Is there a problem with these banks? If so, please help, because I am not seeing it.
Thanks
same thing with my small bank, hopefully someone stops by to tell us what it means🤔
It looks like it is a database of ALL banks in the U.S.
The ranking of the report is by derivative.
Basically, one could create a report by number of branches. ALL u.s. banks would be ranked according to that criteria.
Seems like fear porn as ALL u.s.banks show up on the list - does not necessarily mean you should switch banks and that there is a problem with the bank.
More b.s. directives.
I'm disappointed but not surprised that USAA is on that list. I'm just wondering if they've thought through what would happen if they blew all their members' money, given that military service or being a dependent is a requirement for banking with them.
Bank and Insurance are 2 completely separate businesses, and regulated by different entities. They can't intermingle (or at least, the company doesnt want them to)
I use a local bank that I've used for 53 years, since I was in high school.
My bank is on this list. Thankfully it's a small checking account I barely use. I'll be closing it shortly.
I’m smooth brain, so please explain what this means?
That's true and even FDIC insured won't help as it probably has billions available but insures trillions. I am sure the gov has a plan to weasel out and screw the people
Money printer go brrrrt.