Financial Industry 07 (Jul 18 - Dec 24)

[behappyalways]

A good watch explaining what is happening in SVB

Panic In The Banking System
https://m.youtube.com/watch?v=45BXWBuQGUs

[winston]

Markets at risk of more upheaval as banking uncertainty persists

By week’s end, the market was back to pricing a quarter-point Fed hike as the most likely outcome, having at one stage come around to the idea of a half point.

Source: Bloomberg

https://www.businesstimes.com.sg/compan ... y-persists

[winston]

2 More Banks Seek to Reassure Customers After Silicon Valley Bank Collapse

By Jack Phillips

California-based First Republic Bank and Arizona-based Western Alliance Bancorporation both attempted to calm nerves around the collapse of Silicon Valley Bank after shares for both financial institutions plunged in the past week or so.

Source: Epoch Times

https://www.theepochtimes.com/2-more-ba ... sqSGCNw%3D

[winston]

Yellen rules out bailout

The US Federal Reserve said it will hold a closed-door meeting of its board of governors under expedited procedures today.

The morning meeting will primarily review and determine the advance and discount rates to be charged by the Federal Reserve banks.

These briefings were being held to determine what action the US government should take to prevent contagion following SVB's collapse.

Sources report that the FDIC and the Fed are considering creating a fund to support deposits in troubled banks.

Source: AP

https://www.thestandard.com.hk/section- ... ut-bailout

[winston]

Based in Santa Clara, SVB was the 16th biggest lender in the US at the end of last year, with about US$209 billion (HK$1.63 trillion) in assets.

[winston]

20 banks that are sitting on huge potential securities losses — as was SVB

by Philip van Doorn

Source: Market Watch

https://www.marketwatch.com/story/20-ba ... eid=yhoof2

[behappyalways]

Small Banks Are Crashing
https://www.zerohedge.com/markets/small ... e-crashing

[behappyalways]

Watch: Woke Signature Bank Videos Go Viral After Fed Shut-Down
https://www.zerohedge.com/political/wat ... -shut-down

[behappyalways]

Too-Big-To-Fail Banks Flooded With Deposits As Bank Run Drains Small Bank Of Cash
https://www.zerohedge.com/markets/too-b ... -bank-cash

[winston]

These Stocks Likely Have Lower to Go

by Jeff Clark

It’s no longer possible for banks to borrow from the Fed at 0% interest and then lend the money to the U.S. government, by buying 10-year Treasury notes and 30-year Treasury bonds for a positive spread.

Banks can still borrow from the Fed. But now it costs them 4.75%. And the best yield the banks can get right now on a 10-year T-note is about 3.75%.

Most banks are still trading well above their historic book-value multiples.

So, while it may be tempting to jump in and start buying the bank stocks right now, they likely have lower to go.

Source: Jeff Clark Trader

https://dailytradealert.com/2023/03/15/ ... wer-to-go/