Posts Tagged ‘Banks Brace For A Historic Crash’
FDIC Releases a New Problem Bank List: It’s an Exercise in Fantasy
BanksterCrime:: By Pam Martens and Russ Martens: Last Thursday, the Federal Deposit Insurance Corporation (FDIC) released its Quarterly Banking Profile for the quarter ending June 30, 2023. The report includes the FDIC’s Problem Bank List. While the actual names of the problem banks aren’t provided, the total assets listed provide an indication of whether any large…
Banks Brace For A Historic Crash With Record Loss Provisions
For many years after the financial crisis, US commercial banks were mocked when instead of generating earnings the old-fashioned way, by collecting the interest arb on loans they had made, or even by frontrunning the Fed with their prop (and flow) trading desks, they would “earn” their way to just above consensus estimates by releasing…