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Bank regulators seize Silicon Valley Bank in largest bank failure since the Great Recession .... Wells Fargo ??

CurtDawg

CurtDawg

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D24OHA said:
Say what?!! Wow fam, I'm sorry to hear that.

I'd be on their line first thing Monday
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Mixd said:
Was major across many banks on Friday. Saying it was a clerical error... Sure...


REPORT "Bank of America, Chase, and U.S. Bank systems are down today as a result of a direct deposit systems crashed. Banking giants Truist, Bank of America, Chase, US Bank, and Wells Fargo are facing outages, according to users. The disruptions reportedly kicked off around 8 AM ET on Friday." (The Irish Star)

www.mirror.co.uk

Bank of America, Chase, and U.S. Bank systems crash in huge cyber outage

U.S. Bank, Bank of America, Chase and Wells Fargo are among the banks with direct deposit payment issues today, with users reporting the systems are down
www.mirror.co.uk www.mirror.co.uk
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DC_Dude said:
Yeah man hope that shit gets fixed ASAP....
Click to expand...

Yeah when I checked my bank account Friday morning
I was like WTF is going on here, where's my paycheck :hmm:
But luckily I'm not living check to check, like some other people
I just know someone got screwed over & probably hit with overdraft fees & shit :smh:
But I'm assuming things will be back to normal by Monday or Tuesday
 
Mixd

Mixd

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$40,000,000,000 in Unrealized Losses Hits JPMorgan Chase As Bank of America, Wells Fargo and Citigroup Face Exposure to US Treasuries: Report​


dollar-hundred-bank.jpg


dailyhodl.com

$40,000,000,000 in Unrealized Losses Hits JPMorgan Chase As Bank of America, Wells Fargo and Citigroup Face Exposure to US Treasuries: Report - The Daily Hodl

JPMorgan Chase has quietly revealed tens of billions of dollars in losses on securities, according to a new report on the company's overall balance sheet.
dailyhodl.com dailyhodl.com
 
Mixd

Mixd

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This was written in March 2023 but Citizens was on the list, all others are coming in shortly, will also fail.

US banking crisis: Close to 190 banks could collapse, according to study​

Last week, First Republic Bank became the third bank to collapse, the second-largest bank failure in U.S. history after Washington Mutual, which collapsed in 2008 amid the financial crisis.​

www.usatoday.com

US banking crisis: Close to 190 banks could collapse, according to study

The Fed's aggressive interest rate hikes have eroded the value of bank assets such as government bonds and mortgage-backed securities.
www.usatoday.com
 
Mixd

Mixd

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Bond-market crash leaves big banks with $650 billion of unrealized losses as the ghost of SVB continues to haunt Wall Street​

George Glover
Nov 7, 2023, 7:18 AM CST

654a21f036d588dc55cc02e3


  • Big banks are sitting on $650 billion of unrealized losses, Moody's has estimated.
  • It's a sign even Wall Street's best-known names are feeling the heat from the Treasury-market rout.
  • Crashing bond prices sank Silicon Valley Bank earlier this year, and there may be more chaos to come.

markets.businessinsider.com

Bond-market crash leaves big banks with $650 billion of unrealized losses as the ghost of SVB continues to haunt Wall Street

Even big lenders are feeling the heat from the Treasury-market rout after racking up hundreds of billions of dollars of paper losses on their holdings.
markets.businessinsider.com markets.businessinsider.com
 
CurtDawg

CurtDawg

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CurtDawg said:
Yeah when I checked my bank account Friday morning
I was like WTF is going on here, where's my paycheck :hmm:
But luckily I'm not living check to check, like some other people
I just know someone got screwed over & probably hit with overdraft fees & shit :smh:
But I'm assuming things will be back to normal by Monday or Tuesday
Click to expand...
Mixd said:
Many still haven't been paid


www.cbsnews.com

Some bank customers still can't get their paychecks as direct-deposit woes persist

Customers with several big U.S. banks expressed frustration after their paychecks didn't show up in their accounts.
www.cbsnews.com www.cbsnews.com
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Quick update:
Yeah Bank Of America finally deposited my paycheck.....Tuesday morning (yesterday morning)
It was supposed to be deposited Friday mornings

Like I said before luckily I have plenty saved up & am not living check to check
But I know a lot of people got screwed because of this (overdraft fees, late rent/mortgage payments, etc, etc)
 
RoomService

RoomService

Dinner is now being served.
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CurtDawg said:
Quick update:
Yeah Bank Of America finally deposited my paycheck.....Tuesday morning (yesterday morning)
It was supposed to be deposited Friday mornings

Like I said before luckily I have plenty saved up & am not living check to check
But I know a lot of people got screwed because of this (overdraft fees, late rent/mortgage payments, etc, etc)
Click to expand...
The article indicated that the bank will be reversing those in-house fees, it’s the outside accounts where you will be paying the late fees that will not be reversed. (Car loans, credit card payments, and rent.
 
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kdogg3270

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thankfully i bank at RFBCU, although a small percentage of my paycheck does go to Chase. Was just logged on there a few mins ago.
 
TENT

TENT

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All the news sources saying this are some BS fuck shit.
Yall posters need to respect yourself and only post from verified news sources.
If not, go heat up some Thanksgiving leftovers and give the fucking computer a break.
 
Coldchi

Coldchi

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SVB contacted me again today for a job opportunity.....100% remote of course.
Same position,....same pay. Gonna interview with them next week.
 
COINTELPRO

COINTELPRO

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I got the scoop on the real story, the government stole IP or blessed the theft under the Biden administration from a black entrepreneur. President Biden actively tried to leak out this information to the private sector during his press conferences.

The cheap ass government instead of cutting a check, than went into coverup mode. They have been covertly terrorizing this guy, that did nothing wrong.

When I heard the story I did not believe it, until I checked into it. You can say the Ukrainian corruption, he did not know what his son was doing, but this definitely ties President Biden to criminal activity.
 
Mixd

Mixd

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"The Federal Reserve Board announced that the Bank Term Funding Program (BTFP) will cease making new loans as scheduled on March 11. The program will continue to make loans until that time and is available as an additional source of liquidity for eligible institutions." 17 hours ago

We talked about this around 2 years ago. Look for banking consolidations to take place. Those capable of meeting Capital 3 requirements will move forward.

Here is where the rubber meets the road. The integration of a Digital Gold Banking System will begin taking its first steps into the Global arena tomorrow.

 
Mixd

Mixd

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Mixd

Mixd

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Effective April 30, 2024, the Depository Trust Company is giving us a notice. They're telling us that their coverage for settlement risks in assets or securities that are not collateralized could be at risk in a market moving into real values.

Corporate notes or bonds are moving from 50% to 70% haircut value. Cryptocurrencies have a haircut value potential of 100%, and this includes Bitcoin.

In other words, any asset going forward that is not backed by a commodity has a haircut value risk when the market resets into a new set of values based on Real World Assets.

What are we being told could happen after April 30th, 2024? A market reset across all sectors of the market including Forex.

finadium.com

DTCC announces changes to collateral haircuts, rules out crypto ETFs

DTCC announced that the Depository Trust Company (DTC), as part of the annual renewal of the line-of-credit facility, will implement the following changes to modify collateral value for certain securities, which may affect the value of positions applied to the Collateral Monitor: 1. Collateral...
finadium.com finadium.com
 
darius_janus

darius_janus

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Mixd said:
Effective April 30, 2024, the Depository Trust Company is giving us a notice. They're telling us that their coverage for settlement risks in assets or securities that are not collateralized could be at risk in a market moving into real values.

Corporate notes or bonds are moving from 50% to 70% haircut value. Cryptocurrencies have a haircut value potential of 100%, and this includes Bitcoin.

In other words, any asset going forward that is not backed by a commodity has a haircut value risk when the market resets into a new set of values based on Real World Assets.

What are we being told could happen after April 30th, 2024? A market reset across all sectors of the market including Forex.

finadium.com

DTCC announces changes to collateral haircuts, rules out crypto ETFs

DTCC announced that the Depository Trust Company (DTC), as part of the annual renewal of the line-of-credit facility, will implement the following changes to modify collateral value for certain securities, which may affect the value of positions applied to the Collateral Monitor: 1. Collateral...
finadium.com finadium.com
Click to expand...
What does this mean exactly? :idea:
 
Mixd

Mixd

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RoomService said:
I’ve been hearing rumors about Bank of America and Chase having 5 billion in losses as unrecoverable debt.

dailyhodl.com

JPMorgan Chase and Bank of America Suffer $4,500,000,000 in Losses As 'Unrecoverable Debt' Soars: Report - The Daily Hodl

The two largest banks in the US are declaring a loss on $4.5 billion in debts that customers are unable to pay.
dailyhodl.com dailyhodl.com

​


@Mixd
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A few more are insolvent, rumors flying a big one this week supposed to go down, waiting to see what develops
 
Mixd

Mixd

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darius_janus said:
What does this mean exactly? :idea:
Click to expand...
Each bank listed or asset like crypto, those are the risks associated with going to an economy being asset backed. Moving from our current fiat based system to asset backed by real assets like precious metals and in ground minerals, oil.

Significant they mention tomorrow as some deadline.
 
darius_janus

darius_janus

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Mixd said:
Each bank listed or asset like crypto, those are the risks associated with going to an economy being asset backed. Moving from our current fiat based system to asset backed by real assets like precious metals and in ground minerals, oil.

Significant they mention tomorrow as some deadline.
Click to expand...
Appreciate the explanation.
 
B

Ballatician

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