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 π¬
Truist Bank has over $500 billion in assets & could be on the verge of failure along with Charles Schwab
(twitter.com)
π₯ BANK COLLAPSE π₯
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Right and we have been in a depression without them labeling it that for awhile now. Iβm single income parent and make good money about what my parents combined made or more and here I am struggling with everything. Letβs hear it all, get over it and move forward with new ways of truechecks and balances