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posted ago by MemeToDeath2021 ago by MemeToDeath2021 +214 / -0

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.

https://thehill.com/business/3899531-moodys-weighs-downgrade-for-six-us-banks-following-svb-collapse/


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