Context: The FTX collapse in November 2022 appears to be the start of this current banking crisis. FTX collapse apparently damaged Silvergate Capital. Silvergate Capital failure on 3-8-23 damaged SVB on 3-9-23, resulting in its failure on 3-10-23. Silvergate Capital ripple possibly cause of Signature Bank (NY) failure on 3-12-23. Ripples sent to 6 more banks on 3-13-23 resulting in the Moody's watch alert. Connection between SVB or Silvergate and Signature has not yet been explicitly identified. Signature Bank was being sued over FTX.
Real Time Trade Halts to see publicly traded banks having liquidity issues per investor reactions and volatility: https://www.nasdaqtrader.com/trader.aspx?id=tradehalts#
UPDATED 3-15-23
--Big Foreign Banks about to go BUST--
Credit Suisse - Credit Default Swaps approaching "DISTRESSED" https://finance.yahoo.com/video/credit-suisse-credit-default-swap-181841513.html
--Failed/Taken over by FDIC--
Silvergate Capital - failed 3-8-23
Silicon Valley Bank - failed 3-10-23; purchased by HSBC 3-13-23
Signature Bank - failed 3-12-23; buyer not revealed yet
--Downgraded to JUNK--
First Republic Bank (FRC) - 3-15 Fitch & S&P downgrade https://www.marketwatch.com/story/first-republic-bank-downgraded-to-junk-status-by-s-p-global-ratings-in-four-notch-move-b1d442d4
--Moody's Five Remaining Potential Downgrades from 3-14-23--
Western Alliance Bancorporation (WAL)
Comerica Bank (CM)
UMB Financial (UMBF)
Zions Babncorporation (ZION) - parent of Nevada State Bank
Intrust Financial (Private)
--Others showing liquidity issues--
PacWest Bancorp (PACW)
Customers Bancorp, Inc (CUBI)
East West Bancorp (EWBC)
First Horizon Corporation, Tennessee (FHN)
Metropolitan Bank Holding Corp (MCB)
Regions Financial Corporation (RF)
--Banks seeing liquidity ripple--
Bank of Hawaii (BOH)
KeyCorp (KEY)
United Community Bank (UCBIO)
The Charles Schwab Corporation (SCHW)
Huntington Banc (HBANL)
Magyar Bancorp Inc (MGYR)
Macatawa Bank Corporation (MCBC)
--U.S. Big Six Banks (likely consolidators and possibly owners of Federal Reserve)--
Wells-Fargo Bank - Wachovia Securities is now WF Securities
JP Morgan Chase -
Bank of America - Merrill Lynch is division now
Citigroup
U.S. Bank
Goldman Sachs
--Foreign Players--
HSBC - purchased SVB carcass on 3-13-23
Mitsubishi UFJ Financial Group (MUFG) - strategic partner of Morgan Stanley
Anyone pullin cash ?
I pulled a bunch of cash in early January and dumped it into Silver Eagles. Note that as an individual you may think that you cannot create a bank run, but remember that Reserve Requirement is zero right now, meaning banks are required to hold $0 for every $100 in deposits. This means a few marginal depositors consistently pulling funds can potentially start a run or at the very least screw up bank cash-management algorithms, creating a bit of cascading chaos.
A bit of independent Project Mayhem might be a good thing at this point: https://fightclub.fandom.com/wiki/Project_Mayhem
Have been evey payday for over a decade. Its one way to be disobedient. (can't use my cash for fractional reserve loans).
You say this like it is a GOOD thing. And I love your brash, take no prisoners attitude. I share your approach, and someone who will not compromise on their determined disobedience is one most dangerous to those in power, especially those illegitimately in power. Just imagine when this is 50% of the US population.