/biz/ - Business & Finance

Everyone is running from banking stocks too.

>>54080974
thread theme: https://www.youtube.com/watch?v=kOz8vw6b3tI

>>54081004
ha ha ha

>>54080994
I hope Warren Buffet is getting just'd. I hate that Ice cream eating pedo.

>>54080974
Sauce?

Buy the blood. I dont do stocks but if I did I would be slurping up some of these banks.

You can get them cheap now.

>>54081027

>>54080974
I thought you were fucking with me

AAAAAAAAAA
A
A
A
A
A

fake and gay

>>54081035
I don't do stocks either but aren't these banks straight up failing? That's not buying the dip, it's catching a falling knife.

Charles Schwab down another 6% pre-market.

>>54081094
they can go to zero. At least crypto doesn't go to zero

>>54081088
fuck i told yesterday on pol to some anon that if they did not outright said something about insurance it would all go to shit.

The richfags are on the move moving money to maximize insurance.

>>54081062
Oh fucks sake kek

so what happened? I saw JPM and the Fed agreed to save them, how? Dilution of shares sold to JPM?

>a legitimate real life bank dropped 63% in a matter of hours
>not some random erc-20 shitcoin

yep it's actually over isn't it

>>54081121
And what happens when a 4th bank needs saving? Is solution more BRRRR?

What happens if a bank where you have a mortgage, car loan, credit card debt etc goes under?

>>54081126
And these clowns wants CBDCs (but with fractional banking) and FedNow.

The speed of this is terrifying this shit is collapsing on ach and wire speeds and they want instant banking.

>>54081131
Mumus say yes. BRRRR forever like Caracas

This really makes no sense. Frb is fine and actually has quite a different profile than SVB. I'm unironically going to long this

>>54081145
BAG

OF

ODOROUS

EXCREMENT

>>54081121
Yeah gotta dump the price before you buy, why pay more?

>>54081094
Apparently they are too big to fail, the government will print to infinity to bail them out.

it's really going to happen :D

Any other banks taking a shit?

yeah this shits not over

>>54081159
>I'm unironically going to long this

dude this shit is clearly a toxic time-bomb, high iq hedge funds are literally dumping billions of this in premarket at substantial losses, don't be stupid

>>54080974
holy fuck

JP MORGAN JUST FLEW OVER MY HOUSE
> JP MORGAN JUST FLEW OVER MY HOUSE
JP MORGAN JUST FLEW OVER MY HOUSE
> JP MORGAN JUST FLEW OVER MY HOUSE
JP MORGAN JUST FLEW OVER MY HOUSE

>>54081185
A few Ohio ones, but they are down high single digit percentages and are fine for now

>>54081035
>>54081159
>long banks
>short bitcoin
My gut says these 2 faggots are bobo posters. Let them long banks

>>54081138
You lose your money, but keep your loans

>>54081207
They are even bigger than SVB

Ok.
WHY?

>>54081228
NO THEY ARE NOT

>Ally down 5.7%
Fugg

>>54081237
Because I "withdrew my neetbux" or whatever you delusional faggots thought my assets were

>>54081138
Your assets get seized, especially the house. Repeat of 2008 retail.

>>54081240
Wiki says they deal international anon. Sounds bigger than a bunch of trannys making robodildos

>>54081246
?? The fuck are you talking about? Why is the stock price changing?

>>54081240
I stand corrected they are a little smaller but not by a lot, svb had 212b assets, first republic has 181b assets

>>54081226
>>54081257
So you can lose your house or car even if you're current on payments and have a perfect payment history?

>>54081263
I took out $14.88 and used the money to spray paint a synagogue

So what happens if the stock takes a gigantic shit but the bank's finances are salvageably healthy? Does the bank still get shuttered and sold off, or do they "let it ride" to see if the public can regain faith in it?

>>54081284
based

It's starting.

>>54081288
>he thinks bank is financially stable when stocks plummet
Oh shit you're in for a treat fren

>>54081281
No.
>>54081284
Noice.
But the banks were closed the last 2 days, and you don't wake up early enough on Saturday to get to the morning hours.

So why is this particular stock rugging?

>>54081284
>>54081246
Kek

>>54081288
Not a damn thing. The last people who bought take a massive paper loss.
Everyone else gets cheapies.
>>54081302
You've still not explained what is supposedly at risk here.
Which suggests to me you're not legit.

>>54081262
Yes, but you go by total assets.

Holy shit. They actually lost control.

>>54081326
>at 5am in the futures market
lol. Boris, you're gonna burn a ton of money shorting.

>>54081280
23 Billion is a lot of money.
The difference between finding a buyer, or a more smooth liquidation, let alone the structure of their assets, not as retarded as SVB.

this is such an epic gamer moment rn

>>54081257
>>54081281
Seized by whom?

>>54081351
The issue is contagion. The more banks that go down the bigger the odds your money is trapped in some fuckery.

>>54081351
ack
33 billion

33

hmmmm

>>54081351
And, why, Exactly, would this be a discussion point, at all?
You seem unwilling or unable to explain what, Exactly, is the reason this particular price should fall?
>>54081359
Nobody. Literally doesn't happen. The loan transfers to FDIC first, then to anyone who buys it. Half the time you don't even change where you send the payment.
>>54081368
>buzz word
Stock Price is Not Contagious to failure.

>>54081317
You caught me bro, I'm a phony. Please don't buy this huge dipperino, I need just a little farther to close my short

>>54081288
Yeah they’re done if they lose that much shareholder equity

>>54081351
Do you think they will be bought?

>>54081281
They're fucking with you. The bank gets sold off and the loan gets moved to that bank. You get a letter in the mail that says "make payments here" and everything continues as normal. Your money is insured so you don't lose that either.

If you bank with a systemically important bank and it goes under (1929 shit) then you lose your money AND the mortgage disappears because nobody is big enough to buy a giga-bank's assets. Eventually some fuckery occurs and the banking system slowly unfucks itself and you get a letter in the mail that says "hello, the NATIONAL UNITED STATES BANK OF MEGA CAPITALISM has inherited your mortgage and you need to start making payments again. Sorry about the whole banking collapse thing lmao"

>>54081105
>they can go to zero. At least crypto doesn't go to zero
Going to zero is better than going to $0.00000137 like a shitcoin, which keeps the baggies hoping and coping for years, waiting for the recovery that never comes lol.

>>54081326
Look at the friggin volume on the gains vrs the losers. That's what? 20 to 1. It's gonna be a bloodbath.v

>>54081384
No, they aren't. The owners of the shares have zero bearing on the health of the day to day operations.

>>54081288
Obviously market share and operations are completely different things, unfortunately there are a lot of retards out in the world who won't know what any of this means. This could have a similar impact as SVB, where you get a bunch of nervous depositors who withdraw fucking everything. Barring that though, it's salvageable.

>>54081381
yes, but the issue here isn't that banks are failing, but if they ALL start saying they need financing all at once then it's a problem. one bank needs funding? maybe they get rejected, maybe they get help. A bunch of stressed banks all declare emergency at the same time? well now the govt has to step in to prevent panic. It's like collusion to get government gibs even if they arent structurally failing, only stressed. They're baiting a bank run and other systemic failures in order to fix their shitty balance sheet basically

>>54081392
All I was saying is that 33 billion is the difference, and their asset allocation.
So, it's not as much of a meme bank like SVB.

>>54081410
You think a healthy company loses 60% in an hour anon? I’ve got some nice beach front property to sell you in Kansas if so

holy fuck it's gonna be 2008 all over again

>>54081381
>Stock Price is Not Contagious to failure
Except it 100% is. Market sentiment means a lot. Markets are guided these days by emotions behind moves. Fear causes selling, greed causes buying. Uncertainty causes selling. Right now fear is dominant, stock prices fall. When fear becomes panic more failures will happen. It's a self fulfilling prophecy.

>>54081425
i know companies that have fallen 95% and still exist today on the stock market, sometimes things are just grossly overvalued

>>54081417
Huhn, you don't suspect someone with a few billion to spend could ladder attack a random US bank in the Future's hours when Nobody Is Trading?
To cause, oh, I dunno, an Undo Panic?
>>54081419
>it happens cause I say it happens
There was a Reason for Silicon Valley.

You haven't even started an imagination as to why this business would fail.

Businesses fail all the time. Banks are no different, they just tend to be more conservatively run.
>>54081438
That has nothing to do with the BUSINESS being viable. That's discussion on how much the owners of the bank get for their %'s.

>>54080974
they'll get bailed out, money isn't real, it's just a number on a screen retard

>>54081381
Smaller banks have better chances of getting bought, especially if they are not memes.

>>54081448
No I'm not saying it happens, I'm saying it could happen. That's why other bank stocks are tanking.

I genuinely hope these are actual posters with finances tied into banking right now

>>54081368
It's not so much contagion as it is all of the banks were basically doing the same shit and are now facing the same problems. They are all in the same shitty situation. More banks to follow.

>>54081495
Vitriol is noted. Thanks Ivan, you're still not capable of explaining what the Kremlin actually brings to the table of humanity, other than pain and corruption.

>>54081523
No, they weren't. Not all of US banks had a Risk Management Officer who spent her full time planning how to have Gay Pride Parades.
Thank God.

>>54081523
>company or investing house look at bank balance sheet and see if it's close to SVB, sell stock or move to withdraw "just to be safe"

Here it comes baby

>>54081547
Did that make sense in your potato skull?

too risky to be in the market. we have losers trying to save it.

>>54081035
>Please for the love of G*d buy the dip!!

Does anyone have a list of all the banks that are most exposed to risk?

Credit Suisse is taking a shit too

Lmao at the bank management waking up in one hour to this mess

>>54081671
Think they slept? They been packing their bags all week

>>54081651
Holy fuck 10% in an hour

>>54080974
DON'T PANIC
THEY DID A TWEET ALREADY

Remember frens: the latter will lose everything
Money printer go BBBBRRRRRRRRRRUUUUUUUUUUUUUUUUUUUUUN

>>54081615
Don't know anything about US banks but I did read this article posted here a few hours ago and still have the link
.https://www.marketwatch.com/story/20-banks-that-are-sitting-on-huge-potential-securities-lossesas-was-svb-c4bbcafa

>>54081004
ha

ha

ha

>>54081615

>>54081138
>What happens if a bank where you have a mortgage, car loan, credit card debt etc goes under?

your debt is an asset and is sold to someone else. in fact some of it already has been sold.

>>54081712
Zinon going down. S&P constituent.

Fucking California.

this is entertaining, please continue

>>54081800
>your debt is an asset and is sold to someone else.
can I buy it for a substantial discount?

>>54082024
lol

>>54082082
You may probably already own it, if you have some specialized bond ETF.

>>54080974
CHARLES SCHWAB DOWN 25%, WTF MY BROKERAGE IS WITH TD AMERITRADE

I don't remember not being in a recession
I think I've never experienced a "normal" economy, let alone a "prosperous" one

>>54081062
Jesus

>>54082259
Things were pretty good when Trump was president.

Just look at this. It is really over isn't it. No way the fed can stop this now.

>>54082350
Money printer brrrrrr
The Gov wouldn't let jews lose money

So with jews you win, for this single time

>>54081062
What app do you use ?

German Commerzbank is down 13,6%

>>54082350
>zion bank

>>54082323
Not really. The average person was still much poorer than they were in 2006. Things have progressively gotten worse since 1971, when we left the gold standard. There was no drastic rise in wages in the 2010s that made up for the 40 years of lost wage growth. It's just that people were still employed and another wave of massive inflation hadn't hit yet.

Every decade will be worse than the last for the regular Joe until a Bitcoin standard is adopted.

Beware of these picrel ponzi schemes

>>54082493
anon
I don't have a wells Fargo, but I am pretty sure half of my family/relatives do
what should I tell them?

>>54082499

kill themselves

>>54082499
that they were fucking retards for banking with Wells Fargo?

>>54081419
Threatening suicide to get me to send money is the same strategy my mother uses.

>>54082493
Wells Fargo is literally one of the big 5. At least make your FUD believable.

NEW LOWS

NEW LOWS

NEW LOWS

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>54081281
Your mortgage will be bought by another jewish bank and life goes on as it always has.

>>54081035
My Bank Of America stock is doing great!

>>54082499
nothing if it's less than 250k. if it's more than 250k tell them to move anything beyond 250k to a different account at a different bank or credit union. anyone with less than 250k is fine. however your direct deposit paychecks may be late this week if your employer uses any bank that goes down

>>54082350
heh

>>54082408
That is Webull comrade

>>54081138
Oh silly goyim
Mr noseberg will be bailed out and you will still have to pay him what you took from him

This is a nothingburger! Go back to pol! Biz has full trust in the system!

>>54082773
based

>>54082713
Thank you :*

>>54080974
They got a 70 billion infusion by the Fed just after SBV failed to handle it.
Still probably going to fuck them.

>>54081035
>slurp up banks
>when the FDIC made it perfectly clear investors get reamed and only depositors are safe

>>54082350
>all memebanks

>>54081396
isn't "money being insured" *by the government just a bailout by other means?

>>54081138
My local credit union just sent out emails to its customers to not panic... uh oh bros...

>>54081523
>>54081539
It's not all of the banks but it's at least 20+ mid-sized and a few large ones who pulled this greedy "interest rates will never change" shit.
The largest groups involved even had shorts on these banks.

>>54081615
https://www.marketwatch.com/story/20-banks-that-are-sitting-on-huge-potential-securities-lossesas-was-svb-c4bbcafa
https://www.wsj.com/articles/first-republic-gets-additional-funding-from-fed-jpmorgan-d11e68ca

This is a stupid question but if I have money invested in the market via Charles Schwab there's nothing to worry about, right?

>>54082557
They should do that anyway since insurance is only 250k per bank.

>>54081062
What shitcoin is this?

>>54084900
lol
lmao

>>54085086
look i'm just a boomer investing in etfs. for all i know i signed away some bullshit rights making the account

>>54084900
they aren't even letting me log in

>>54082551
Boa closed all their branches so there's no where to run to withdrawal lmao

>>54080994
Well duh.

>>54083946
Its because there are no banks in America that actually have the cash to cover deposits. Zero. Fractal reserve leading doesn't do well when there is a panic.

>>54081243
Uh oh thats one I got money at too.

UBS chad here, I'm okay, right? I have 6 figures in a UBS stock brokerage account, Switzerland is a long way from Silicon Valley, right?

https://www.reuters.com/business/finance/first-republic-secures-new-facility-jpmorgan-2023-03-13/
Happening cancelled. JP Morgan bailed out First Republic
https://www.axios.com/2023/03/13/jp-morgan-pnc-among-suitors-for-svb-holding-company
JP Morgan and PNC also looking to buy up SVB

>>54082024
z

>>54081284
basado

>>54087265
>Last Updated 12 hours ago
Stock collapsed 66% since, I'm sure that's very relevant

>>54087624
It's very relevant you fucking moron. JP Morgan forked over $70B. First Republic's Stock loss comes no where close to that.

>>54081138
Debt is sold off to someone else during bankruptcy proceedings. You get a letter in the mail from whoever buys your debt

>>54080974
My cryptoes do that all the time I dont see the problem

>>54081138
Isn't actually getting a loan with a fixed rate now the best idea one can have?
>Money gets flooded into the market
>You can pay off loan faster because money is now worth less

>>54087215
Spread it on different brokers and accounts

The California techies got bailed out - you won’t be.

Let’s go

>>54083922
Yes but they are bailing out you not the bank.
Otherwise they can just take your house.

>>54081145
today

threw 1000 dollars in this morning sold at 1615 this shit is too easy.

>>54087215
>stock brokerage account
stocks aren't covered

>>54081023
Me three that cunt ran monsanto and now the railway’s into the ground and gets high fives for doing it.

>>54083396
You clearly dont understand how investing works.

Buy low, sell high, Dummy.

oh cool nothing happened sweet!

>>54081138
You still need to pay it. But the loan is sold to someone else, usually at a great price.

Rev up those money printers, because it's time to fleece some american peasants and give their money to some failed banks again!!

viva ukrani or whatever

>>54096983
If my bank goes under, can I just buy my own debt and forgive it?

>>54080974
Kek nothing happened and all the hapooning schizos are back to shilling shitcoins after spending the weekend screeching about imminent banking collapse

>>54082082
this. can i go to the liquidator and ask to buy the mortage for pennies on the dollar? or is the liquidator gonna say, bitch, big banks buying everything at once, only?

>>54097293
you have 3% economy of that of US, Ivan
our single bank crash means your whole country crash

>>54082557
Just curious, on my part.
The FDIC just blew its whole budget bailing out SVB. 127.5 Billion. So, with no budget left, how are they going to pay the "little guys" with less than 250K, when they are already "broke". Yeah, money printing might slow it down, but eventually, the WORLD is going to get tired of the US version of the Zimbabwe Buck.

>>54096950
>oh cool nothing happened sweet!

WHY ARE EGGS $10 OMFG

>>54097724
>everyone who is critical of america must be a russian bot, because it's a statistical fact that literally everyone in the west loves america

Nah, let it burn, lmao. Fuck the great satan and anybody who supports it.

>BRO WE HAVE A HECKIN HUGE GDP! OUR BILLIONAIRES ARE MAKING SO MUCH MONEY!!!

Classic mutt flex. Keep repeating it while your currency gets raped, and all standards across the board continue to plummet.

>>54082350
https://youtu.be/eJp1vuH6FWU

>>54097724
>single bank crash
It's been three with more in the way. They stopped trading today and just kicked the can down the road a little

https://youtu.be/t-isF3j7s8g

I MEAN, ITS NOT ALL THAT BAD

>>54081440
They're called zombie companies. That's what the banks are going to be, as in '08. Practically insolvent & then bailed out, and then unable to produce substantial profit for years.

What the market just told us is that the era of growth is over. There are no more expectations for growth. When bank stocks slide, that's it. We're going to find a bottom. Yet the Federal Reserve won't be able to save us from this one because the era of QE is also over. It will be a depression. 1929 — 2023 seems like we're about due.

https://youtu.be/XOv1K8ikz5E?t=8

https://youtu.be/obOLzwSn6sY

>>54087215
Credit suisse is basically Japan at this point but UBS is probably still good

>>54080974
So what about Credit Unions?

>>54083946
>>54086749
you mean withdrawals not deposits
>There are some growing concerns about the recent bank closures caused by poor strategic investments and the lack of financial diversification.

>The role of the Board of Directors, Executive Team, myself, and every employee at Redstone Federal Credit Union® is to serve our membership and to protect their financial interests. Rest assured that your finances with Redstone are safe. As a not-for-profit financial institution, Redstone Federal Credit Union is fiscally conservative to protect our members’ assets. We diversify our investments and businesses to ensure our members’ money is safe and secure. That’s why we are one of the most well-capitalized financial institutions in the country. Additionally, we are insured by the National Credit Union Association (NCUA), which has no affiliation or ties to the recent issues of the other national banks.

>Your financial security is of the utmost importance to our entire team here at Redstone, and we will continue to look out for your best interests for many years to come.

>Thank you for your continued trust in Redstone Federal Credit Union, and I wish you and your family a wonderful spring season!

>With Highest Regards,

>Joseph Newberry

>Joseph Newberry
President/CEO

>>54099718
well that answers my own question. FUCK