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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I’m in the southeast and if I had a family member who works for state/federal government we could use a credit union. Youngest son works for federal government but he’s in another state and a damn sheep to boot. No one else I can think of but we did open an account with a smaller community owned bank. They’re financing a lot of new businesses around here