Regional banks like Pacwest, Western Alliance are getting hammered.
Major banks are trending lower too eg Bank of America, JPMorgan, Goldman
Market got spooked by First Republic’s failure? Just wondering, when Fed maintains the interest at such high rate for a prolonged period of time, will we see more collapses in regional banks?
151703571 : That's because First Republic Bank's shares were cleared, the acquirer praised 2.6 billion dollars, and there will still be a profit of 500 to 1 billion dollars every year from now on “what kind of operation is this, and who else will buy stocks” and not worry about zeroing
天真 151703571 : This tells you not to buy shares in companies that are about to go bankrupt
102254163 : Is there something very serious brewing in the banking sector? That we don’t know? If there is, and fed decides to pause or pivot, it could send the stock market crashing down instead
Bird007 : Soon more banks will join in to participate in the collapse because people are afraid that their deposits will not be guaranteed, and there will be a rush!
Cow Moo-ney OP 102254163 : Should there be something serious brewing, don’t think any of us would know
天真 Bird007 : Small banks go out of business, big banks eat enough, where do people always have to put their money
Bird007 天真 : Yes, more small banks are being swallowed up by big banks!
Malik5518062 : good app trying to learn trading
Cow Moo-ney OP Malik5518062 : Welcome onboard!
岁月无声 Bird007 : Even if a few small to medium banks go bankrupt, it's fine if housing prices and stock prices haven't collapsed
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