Sunday Night Special 2: More Bank Failures & Insolvency

$40 billion in unrealized losses hitting the major big name banks. A deposit problem hit the big name banks as well. A small town Iowa bank has failed and been taken over by the FDIC.

Stay aware! This does not sound to me like the banking crisis has ended and all is well.

Links:

https://causeyconsultingllc.com/2023/11/03/with-the-swiftness-of-a-lightning-strike/

https://riabiz.com/a/2023/10/30/with-the-swiftness-of-a-lightning-strike-charles-schwab-corp-fires-as-many-as-2000-employees-with-no-public-announcement-affecting-legacy-schwab-as-well-as-td-ameritrade-staffers

https://causeyconsultingllc.com/2023/03/14/ideally-on-friday-night/

https://nypost.com/2023/03/10/nypd-called-to-silicon-valley-bank-branch-as-depositors-attempt-to-pull-cash-report/

https://www.reuters.com/business/finance/bofa-notifies-customers-temporary-industry-wide-deposit-delays-2023-11-03/

https://dailyhodl.com/2023/11/03/40000000000-in-unrealized-losses-hits-jpmorgan-chase-as-bank-of-america-wells-fargo-and-citigroup-face-exposure-to-us-treasuries-report/

https://causeyconsultingllc.com/2023/11/01/whats-ole-jamie-up-to/

https://dailyhodl.com/2023/11/04/fifth-bank-failure-of-2023-declared-iowa-bank-insolvent-due-to-significant-loan-losses/


Links where I can be found: https://causeyconsultingllc.com/2023/01/30/updates-housekeeping/

Need more? Email me: https://causeyconsultingllc.com/contact-causey/