Anonymous
Post 03/14/2023 02:27     Subject: List of 10 Banks that raised similar red margin flags to those of SVB
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Didn’t the Feds basically say they will cover all depositors without limit? Why does anyone care?


No? The fed said specifically that that’s not what’s happening. SVB had enough from the sales of its securities to cover deposits.


This is inaccurate. The securities still sit on the balance sheet of the receiver bank. It will take some time to see if recoveries from SVB's assets (dominated by securities) will be sufficient to pay off all the depositors, insured and uninsured. If not, there will be an assessment on banks.



So where did the cash come from if it was not the banks securities and the govt did not bail out? All depositors were made whole today.


All the other banks in the US and their customers are bailing out SVB depositors.

Not the “taxpayer”.


So, most taxpayers who have relationships with banks.
Anonymous
Post 03/14/2023 02:09     Subject: List of 10 Banks that raised similar red margin flags to those of SVB
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Didn’t the Feds basically say they will cover all depositors without limit? Why does anyone care?


No? The fed said specifically that that’s not what’s happening. SVB had enough from the sales of its securities to cover deposits.


This is inaccurate. The securities still sit on the balance sheet of the receiver bank. It will take some time to see if recoveries from SVB's assets (dominated by securities) will be sufficient to pay off all the depositors, insured and uninsured. If not, there will be an assessment on banks.



So where did the cash come from if it was not the banks securities and the govt did not bail out? All depositors were made whole today.


All the other banks in the US and their customers are bailing out SVB depositors.

Not the “taxpayer”.
Anonymous
Post 03/14/2023 00:40     Subject: List of 10 Banks that raised similar red margin flags to those of SVB
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Didn’t the Feds basically say they will cover all depositors without limit? Why does anyone care?


No? The fed said specifically that that’s not what’s happening. SVB had enough from the sales of its securities to cover deposits.


This is inaccurate. The securities still sit on the balance sheet of the receiver bank. It will take some time to see if recoveries from SVB's assets (dominated by securities) will be sufficient to pay off all the depositors, insured and uninsured. If not, there will be an assessment on banks.



So where did the cash come from if it was not the banks securities and the govt did not bail out? All depositors were made whole today.
Anonymous
Post 03/13/2023 23:40     Subject: Re:List of 10 Banks that raised similar red margin flags to those of SVB
Anonymous wrote:Yawn


Whistle past the graveyard if you must...
Anonymous
Post 03/13/2023 23:36     Subject: List of 10 Banks that raised similar red margin flags to those of SVB
Anonymous wrote:
Anonymous wrote:Didn’t the Feds basically say they will cover all depositors without limit? Why does anyone care?


No? The fed said specifically that that’s not what’s happening. SVB had enough from the sales of its securities to cover deposits.


This is inaccurate. The securities still sit on the balance sheet of the receiver bank. It will take some time to see if recoveries from SVB's assets (dominated by securities) will be sufficient to pay off all the depositors, insured and uninsured. If not, there will be an assessment on banks.

Anonymous
Post 03/13/2023 23:17     Subject: List of 10 Banks that raised similar red margin flags to those of SVB
Anonymous wrote:Didn’t the Feds basically say they will cover all depositors without limit? Why does anyone care?


No? The fed said specifically that that’s not what’s happening. SVB had enough from the sales of its securities to cover deposits.
Anonymous
Post 03/13/2023 23:14     Subject: List of 10 Banks that raised similar red margin flags to those of SVB
Anonymous wrote:Didn’t the Feds basically say they will cover all depositors without limit? Why does anyone care?

Apparently the people in Boston lined up outside the svb bank do.

https://www.bostonglobe.com/2023/03/13/business/worried-svb-customers-queue-up-wellesley-get-money-answers/
Anonymous
Post 03/13/2023 23:01     Subject: List of 10 Banks that raised similar red margin flags to those of SVB
Didn’t the Feds basically say they will cover all depositors without limit? Why does anyone care?
Anonymous
Post 03/13/2023 22:41     Subject: Re:List of 10 Banks that raised similar red margin flags to those of SVB
Stupid fear porn.
Anonymous
Post 03/13/2023 22:40     Subject: List of 10 Banks that raised similar red margin flags to those of SVB
Sandy Spring Bank has not had a real head of internal audit in years. So no surprise
Anonymous
Post 03/13/2023 22:04     Subject: Re:List of 10 Banks that raised similar red margin flags to those of SVB
Anonymous wrote:
Anonymous wrote:Ouch Ally is on there. Or is that a different Ally?


No it's the same Ally.


NP but yikes. Why?!
Anonymous
Post 03/13/2023 22:00     Subject: Re:List of 10 Banks that raised similar red margin flags to those of SVB
Anonymous wrote:Ouch Ally is on there. Or is that a different Ally?


No it's the same Ally.
Anonymous
Post 03/13/2023 21:57     Subject: Re:List of 10 Banks that raised similar red margin flags to those of SVB
Ouch Ally is on there. Or is that a different Ally?
Anonymous
Post 03/13/2023 21:55     Subject: Re:List of 10 Banks that raised similar red margin flags to those of SVB
Yawn
Anonymous
Post 03/13/2023 21:44     Subject: List of 10 Banks that raised similar red margin flags to those of SVB
Sandy Spring Bank is on the list - can someone please tell me what this really means. Talk to me like I'm in 5th grade:

https://www.morningstar.com/news/marketwatch/20230311312/20-banks-that-are-sitting-on-huge-potential-securities-lossesas-was-svb