Financial Industry 07 (Jul 18 - Dec 24)

[winston]

China is embarking on the biggest consolidation of its banking industry by merging hundreds of rural lenders into regional giants amid growing signs of financial stress

After engineering mergers of rural cooperatives and rural commercial banks in at least seven provinces since 2022, policymakers look to tackle risks in the $6.7 trillion sector this year.

That means another wave of consolidation is on the way across the nation.

“It’s where risks are the most concentrated among smaller financial institutions, so China is pushing the reform at a faster pace,” said Liu Xiaochun, deputy director of think-tank Shanghai Finance Institute.

Source: Bloomberg

[behappyalways]

guess the market finally started discounting the end of the BTFP

*KBW REGIONAL BANKING INDEX FALLS 4.8%, MOST SINCE MAY
https://twitter.com/zerohedge/status/17 ... 4133766570

[behappyalways]

Funny that the Fed crossed out the sentence:
"the US banking is sound and resilient"
https://twitter.com/agnostoxxx/status/1 ... 5772862549

[behappyalways]

Deutsche Bank has the most CRE exposure of the European banks
https://twitter.com/Mayhem4Markets/stat ... 4038799617

[behappyalways]

Germany’s Slow-Motion Property Crash Is a Looming Risk for Banks
https://finance.yahoo.com/news/slow-mot ... 00668.html

[winston]

It Looks Like These Hot Stocks Will Be Taking a Break for the Next Few Weeks

by Jeff Clark

The Financial Select Sector Fund (XLF) is up 32% over the past five months.

It hit a new all-time high yesterday.

And, institutional investors are shoveling money into the sector as they dress up their portfolios for the end of the quarter.

It looks to me like the financial sector will be taking a break for the next few weeks.

Source: Jeff Clark Trader

https://dailytradealert.com/2024/03/25/ ... few-weeks/

[winston]

China property crisis is rippling through its biggest bank

Source: The Edge

https://www.theedgesingapore.com/news/c ... gest-banks

[winston]

It’s Time to Pay Attention to These Stocks Again

by Jeff Clark

Banks Lead the Market

Investor sentiment towards the bank stocks is bullish. Most of the financial television talking heads are talking up the banking sector. Everyone seems to be looking for good earnings results from the banks.

That suggests to me that much of the potential for good news is already discounted in the price of the stocks. So, any hint of bad news could inspire a decline in the banking sector.

And since the banks tend to lead the broad stock market, if BKX starts to fall, the rest of the stock market should follow.

Source: Jeff Clark Trader

https://dailytradealert.com/2024/04/03/ ... cks-again/

[behappyalways]

Big banks are finally starting to pass CRE losses through the income statement.
https://twitter.com/zerohedge/status/17 ... 5318675688

[behappyalways]

Bank Failures Begin Again: Philly's Republic First Seized By FDIC
https://www.zerohedge.com/markets/bank- ... eized-fdic