Bob Michele (JP Morgan's CIO) on Bloomberg this morning talking about the Fed's emergency BTFP interventions & the liquidity crisis in banks.
He also specifically mentioned Truist Bank 😬
Truist Bank has over $500 billion in assets & could be on the verge of failure along with Charles Schwab
(twitter.com)
💥 BANK COLLAPSE 💥
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Truist is the result of a Suntrust BBT merger. Unfortunately I was part of Suntrust.
BB&T for my company. before that it was national Penn bank. This is a bit unnerving since my paycheck is from truist.
Get yourself an account set up in a local federal credit and do it today! Call around for ones that are 0 fees.
Sorry to hear that. All I can suggest is pay off as much of the the home loan and/or buy yourself a bunch of food/resources and prepare a plan B.