A big bank is in trouble, and no one knows which one or why

[excalibur]

This is very troubling, and this is after the Fed has printed massive amounts of money since 2020.

WASHINGTON — The Federal Deposit Insurance Corp. likely made a large addition to its problem bank list, experts say, as the agency reported a spike in troubled assets managed by firms in the fourth quarter.

The volume of assets held by banks on the FDIC’s problem bank list — a tally of banks that received poor ratings from regulators — jumped by about $120 billion in the fourth quarter, according to the agency’s fourth- quarter banking profile released last week. That’s more than triple the previous figure of assets under problem banks, and it’s the highest that asset number has been since the third quarter of 2013.

At the same time, the number of banks on that list declined by two, to 44.

“That suggests that regulators have some serious supervisory concerns about one of our larger banks,” said Jeremy Kress, an assistant professorr of business law at the University of Michigan's Ross School of Business.

...​

A big bank is in trouble, and no one knows which one or why

The Federal Deposit Insurance Corp. reported a spike in troubled assets, suggesting a fairly large bank may be under heightened scrutiny. But confidentiality rules make it impossible to confirm any details.

www.americanbanker.com

 

[JustAGuy1]

There will be more.

 

[B. Kidd]

Hope not.
The USA is tapped!!
Too big to fail don't apply no mo'.

 

[1srelluc]

So who was asleep at the switch this time?

 

[Turtlesoup]

This is very troubling, and this is after the Fed has printed massive amounts of money since 2020.

​

WASHINGTON — The Federal Deposit Insurance Corp. likely made a large addition to its problem bank list, experts say, as the agency reported a spike in troubled assets managed by firms in the fourth quarter.​

​

The volume of assets held by banks on the FDIC’s problem bank list — a tally of banks that received poor ratings from regulators — jumped by about $120 billion in the fourth quarter, according to the agency’s fourth- quarter banking profile released last week. That’s more than triple the previous figure of assets under problem banks, and it’s the highest that asset number has been since the third quarter of 2013.​

​

At the same time, the number of banks on that list declined by two, to 44.​

​

​

​

​

​

“That suggests that regulators have some serious supervisory concerns about one of our larger banks,” said Jeremy Kress, an assistant professorr of business law at the University of Michigan's Ross School of Business.​

​

...​

A big bank is in trouble, and no one knows which one or why

The Federal Deposit Insurance Corp. reported a spike in troubled assets, suggesting a fairly large bank may be under heightened scrutiny. But confidentiality rules make it impossible to confirm any details.

www.americanbanker.com

Hmmm so many possibilities...

Housing market/rental or Russia exposure look ripe for a big pop.

Globalism will drag us all down.

 

[occupied]

What could a bank possibly be in trouble over? Crypto-currency? Mortgages again? Loaning money to Trump?

 

[percysunshine]

What could a bank possibly be in trouble over? Crypto-currency? Mortgages again? Loaning money to Trump?

Um, loaning money to Russian banks?

The ruble went to zero value and Russia is defaulting on sovereign debt.

 

[DudleySmith]

Um, loaning money to Russian banks?

The ruble went to zero value and Russia is defaulting on sovereign debt.

Their economy is tiny, plus they have been hoarding gold. All they have is a lot of oil and gas; remove that and they're just another Namibia. But, they can trade with Red China and India, so they aren't going to be hurt all that much, except re foreign exchange for western goods, but they can get those via Red China and India.

 

[percysunshine]

Their economy is tiny, plus they have been hoarding gold. All they have is a lot of oil and gas; remove that and they're just another Namibia. But, they can trade with Red China and India, so they aren't going to be hurt all that much, except re foreign exchange for western goods, but they can get those via Red China and India.

The question is who loaned them money which they will not pay back.

 

[DudleySmith]

The question is who loaned them money which they will not pay back.

Most likely it is British banks and funds; London loves those oligarchs.

 

[Ghost1776]

They know why.

 

[RodISHI]

Certain people desire bank runs so they can introduce their new digital system that they want everyone on.

Not sure about everyone else but we plan on resisting. I personally don't want someone else deciding if they don't like what I say or do that is perfectly legal being able to freeze my accounts.

 

[Care4all]

Um, loaning money to Russian banks?

The ruble went to zero value and Russia is defaulting on sovereign debt.

I dunno....

It says this was in the fourth quarter...LY.

THE rubble had not fallen yet?


reported a spike in troubled assets managed by firms in the fourth quarter.

 

[DudleySmith]

The question is who loaned them money which they will not pay back.

The British just seized the assets of an oligarch or two the other day, so they can recover some of the debt.

 

[DudleySmith]

What could a bank possibly be in trouble over? Crypto-currency? Mortgages again? Loaning money to Trump?

Some banks are colluding to rig the oil futures market by refusing loans to drilling companies, and the big companies themselves have been using their big cash windfalls to pay dividends instead of reinvesting in drilling; why do that when they can make huge profits by not drilling? In any case, private drilling has been increasing; it's just a lie drilling has decreased, mainly just fake news from Koch run propaganda sites and the usual Town Squaller sites and their parrots. The business press has been pointing this out for the last year, along with lots of releases from the execs themselves on where they are going to put most of their cash.

 

[DudleySmith]

Certain people desire bank runs so they can introduce their new digital system that they want everyone on.

Not sure about everyone else but we plan on resisting. I personally don't want someone else deciding if they don't like what I say or do that is perfectly legal being able to freeze my accounts.

Yes, after the Canadian stunts we severely reduced our bank balances to just enough to pay utilities. We liked to keep enough in there to pay for a car or something in an emergency, but no more; dropped the balance from $60K to $1K. There are other liquid places to park it.

 

[RodISHI]

Yes, after the Canadian stunts we severely reduced our bank balances to just enough to pay utilities. We liked to keep enough in there to pay for a car or something in an emergency, but no more; dropped the balance from $60K to $1K. There are other liquid places to park it.

Silver and gold coins I hear will always be in fashion when all else fails.

Barter works good too.

 

[Dekster]

This is very troubling, and this is after the Fed has printed massive amounts of money since 2020.

​

WASHINGTON — The Federal Deposit Insurance Corp. likely made a large addition to its problem bank list, experts say, as the agency reported a spike in troubled assets managed by firms in the fourth quarter.​

​

The volume of assets held by banks on the FDIC’s problem bank list — a tally of banks that received poor ratings from regulators — jumped by about $120 billion in the fourth quarter, according to the agency’s fourth- quarter banking profile released last week. That’s more than triple the previous figure of assets under problem banks, and it’s the highest that asset number has been since the third quarter of 2013.​

​

At the same time, the number of banks on that list declined by two, to 44.​

​

​

​

​

​

“That suggests that regulators have some serious supervisory concerns about one of our larger banks,” said Jeremy Kress, an assistant professorr of business law at the University of Michigan's Ross School of Business.​

​

...​

A big bank is in trouble, and no one knows which one or why

The Federal Deposit Insurance Corp. reported a spike in troubled assets, suggesting a fairly large bank may be under heightened scrutiny. But confidentiality rules make it impossible to confirm any details.

www.americanbanker.com

My money is on Wells Fargo.

 

[percysunshine]

My money is on Wells Fargo.

Why?

 

[Dekster]

Why?

They have a history of scamming people; the fed has ordered them to keep their balance sheet at 2017 levels in response to which they have been allegedly monkeying with the numbers; they have acknowledged it will take them a lot of time to get their crap in order due to "regulators"; they ended consumer credit lines; customers hate them; and for some reason our local Wells Fargo has been unable to keep anybody in management very long.

In short, of all the big banks, they seem to be the one that is always in the news in a bad way.