Congratulations FRC investors / traders

[dasari4kntr]

1 minute ago, Spartan said:

@hyperbole  @dasari4kntr  this is the basics i was talking about yesterday.

https://www.cnn.com/2023/03/17/business/first-republic-bank-rescue/index.html

About two-thirds of First Republic’s deposits were uninsured. That’s far less than the 94% uninsured that Silicon Valley Bank had, but First Republic also had an unusually large 111% loan-to-deposit ratio at the end of last year, according to S&P Global — meaning it has loaned out more money than it has in deposits.

 

 

uninsured unde kabatti..the bigger wealthier depositors are pulling out the  money and adding to the trouble.

choodabothe...these regional banks will impact big banks anipistundi...

there are bank to bank business and loans (LIBOR)..etc vuntayi...gatti debba padabotundhi...

[JaiBalayyaaa]

4 minutes ago, Spartan said:

@hyperbole  @dasari4kntr  this is the basics i was talking about yesterday.

https://www.cnn.com/2023/03/17/business/first-republic-bank-rescue/index.html

About two-thirds of First Republic’s deposits were uninsured. That’s far less than the 94% uninsured that Silicon Valley Bank had, but First Republic also had an unusually large 111% loan-to-deposit ratio at the end of last year, according to S&P Global — meaning it has loaned out more money than it has in deposits.

 

 

uninsured unde kabatti..the bigger wealthier depositors are pulling out the  money and adding to the trouble.

Advantage of other big banks is that their clients are from balanced spread sections...worker, middle class, upper middle class who hold below 250K and other wealthier deposits.

 

Actually few years back FRC used to give 1k in bonus if you had an account with 15k. I got a couple of bonuses like that. Just pulled the funds from FRC after SVB fiasco. 

[bayarea]

4 minutes ago, pakeer_saab said:

if there is anything positive out of this, it means the wealth is being rearranged to various banks to keep the amount below 250K per account

rest of the money has to go somewhere, FDIC hardly has 200B to protect entire depositors' wealth of 5T

there is a good chance dems will increase the FDIC limit to 500K per account to avoid panic

 

 

$250K insurance ki unna 200B saripoddu ante $500K ki penchi em chestaru. Just fooling people with false promises and when happens, it hits the fan real bad.

[bhaigan]

Bank sanka nakipoyi unte congratulations investors antavu enti bhayya ?

[ramudu]

1 hour ago, dasari4kntr said:

evaridi ee pic..?

Elon musk bro 

[dasari4kntr]

1 minute ago, ramudu said:

Elon musk bro 

marfed or original...?

[Spartan]

18 minutes ago, JaiBalayyaaa said:

What is the percent of uninsured accounts in BofA for comparison? 

@JaiBalayyaaa

 

Here's a ranking, based on the percentage of total deposits that are not insured by the FDIC:

Financial institution	Deposits not insured by the FDIC
Signature Bank	90%
SVB	88%
Citigroup	85%
First Republic	68%
JPMorgan	59%
BNY Mellon	56%
Citizens Financial	49%
KeyCorp	47%
PNC	46%
Truist	46%
M&T Bank	45%
Fifth Third	42%
Bank of America	33%
Goldman Sachs	33%
Huntington Bancshares	33%

[Spartan]

18 minutes ago, dasari4kntr said:

choodabothe...these regional banks will impact big banks anipistundi...

there are bank to bank business and loans (LIBOR)..etc vuntayi...gatti debba padabotundhi...

yes

[Spartan]

There are 1Trillion$ valued uninsured deposits currently...

and FDIC has only 200B to cover...

the more the fallout, more has to be pumped in..

[ramudu]

12 minutes ago, dasari4kntr said:

marfed or original...?

Ai generated 

[ramudu]

4 minutes ago, Spartan said:

There are 1Trillion$ valued uninsured deposits currently...

and FDIC has only 200B to cover...

the more the fallout, more has to be pumped in..

Eee weekend credit suisse fasak aaa Anna , 

[JaiBalayyaaa]

7 minutes ago, Spartan said:

@JaiBalayyaaa

 

Here's a ranking, based on the percentage of total deposits that are not insured by the FDIC:

Financial institution	Deposits not insured by the FDIC
Signature Bank	90%
SVB	88%
Citigroup	85%
First Republic	68%
JPMorgan	59%
BNY Mellon	56%
Citizens Financial	49%
KeyCorp	47%
PNC	46%
Truist	46%
M&T Bank	45%
Fifth Third	42%
Bank of America	33%
Goldman Sachs	33%
Huntington Bancshares	33%

Although it doesn't capture the whole picture. Citi is too big to fail, another parameter to consider is the fraction of business accounts in the total deposits. 

[AndhraneedSCS]

5 minutes ago, Spartan said:

There are 1Trillion$ valued uninsured deposits currently...

and FDIC has only 200B to cover...

the more the fallout, more has to be pumped in..

Fed will print. No worries

[dasari4kntr]

1 minute ago, ramudu said:

Ai generated 

ohh...

[csrcsr]

1 minute ago, AndhraneedSCS said:

Fed will print. No worries

print chesi chesi dollar note will be paper boat me and my son in yosemite valley river stream

cc @dasari4kntr @Spartan @ARYA