The prognosticators at Cleveland banking company KeyCorp were expecting the Federal Reserve to cut interest rates twice this year, but CEO Chris Gorman is skeptical.
Cleveland Business Journal’s Post
More Relevant Posts
-
Business Developer, President at Si3, Inc, Wife to Captain Amazing, Homeschooling Mom of 7, and Proud American
‼️ Hype or truth!?! BANKING COLLAPSE IMMINENT THE RESET HAS BEGUN Effective March 26, 2020, the The Federal Reserve Board reduced reserve requirement ratios on all net transaction accounts to zero percent, eliminating reserve requirements for all depository institutions In Spring 2023 the Banking Collapse started with smaller regional banks. In Spring 2024 the next wave of Banking Collapse will continue. Nov 2023 the CEOs of Bank of America, Wells Fargo and JP Morgan told Congress they could not go from 0% reserves to be held to a 3% reserve balance. The current Deposit to Loan Ratios means the banks can not sustain any type of run on the banks. When the people realize what is happening their will be a run on the banks. Effective March 11, 2024 there will be no more money to loan out and the Fed will pick and choose who gets to loan out money Congress passed the bail In provision with 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act which allows the banks to confiscate assets. The bail-in relief was legalized in the U.S. following the 2007–2008 financial crisis in which banks deemed “too big to fail” were bailed out by the U.S. government. The specific section of Dodd-Frank that deals with bail-ins is Title II: Orderly Liquidation Authority (OLA). Who's exposed? ✅401Ks (Retirement Accounts) - currently there are $27T in retirement accounts ✅People with cash positions in banks will have their money taken. The banks have already started this by limiting how much money you can take out, transfer on Zelle or move in general. What does this mean? This will be the demise of the middle class leading to a recession and then depression. People will be left with nothing if they do not diversify their cash into paying off loans, buying gold, silver, crypto or other hard assets. Potential? This could keep Trump from winning the White House. In a bank collapse the government could institute martial law, shut the banks and ration your access to money. The loss already sustained in 2020 is worse than what happened in 2008. The stock market manipulation coupled with the massive money printing and inflation has done a better job of masking the incoming collapse. AND COLLAPSE IS COMING Worldwide markets - Honk Kong, Japan , S&P, Dow - all time highs - why? Blackrock and Vanguard control trillions in assets and they are manipulating those stocks with sustained earnings and rotating out any stocks that can't perform and rotating in AI stocks into S&P 500 and other exchanges. Result: The stock markets will hang in there, but the banks and the dollar will collapse. Cryptos are going crazy and will allow purchasing stocks with crypto. And as BRICS comes more online, your are going to see the transfer to asset backed transactions like the new @abaxx_exchange will facilitate in #LNG and #batterymetals
Ann Vandersteel (@annvandersteel) on X
twitter.com
To view or add a comment, sign in
-
Transformational Leader in IT & Finance Program Management | 20+ Years of Experience | Driving Strategic Change at Accenture, IBM, and KPMG | Washington, DC-Based Executive Consultant
Powell: 'Essential' that bank regulators re-propose Basel plan LINK: https://lnkd.in/ddbrfzdZ #BankingAndFinanceNews #Banking #Regulations Please Repost
Powell: Bank regulators should repropose Basel plan
msn.com
To view or add a comment, sign in
-
Banks are playing the system by expanding balance sheets and then shrinking them each quarter-end. Nicholas Dunbar of Risky Finance Ltd has found that for the largest six US banks, some parts of their balance sheets are on average $500bn larger than on the quarter-end dates when regulatory ratios are calculated. "Starting several decades ago, US regulators began requiring banks to report quarterly averages for repo exposures and other balance sheet assets and liabilities that fluctuate daily. By comparing these quarterly average disclosures with the identical quantity reported on the quarter-end date, evidence for window dressing can be found." Find more about what banks are up to and how the regulators are responding👇 https://lnkd.in/ezXR69ZF #bankingindustry #banking #bankingnews
Regulators call time on banks’ ‘window dressing’ - Banking Risk and Regulation
bankingriskandregulation.com
To view or add a comment, sign in
-
The simplest explanation I have ever come across for the current issues banks are facing 3 major issues:- 1) The FED stopped Term Financing It is a kind of revolving line of credit for the banks. The fed also adjusted the existing term rates to reflect the increased market rates 2) The commercial real estate bubble Might burst anytime soon, since interest rates keep rising and businesses unable to make payment Unfortunately 70% of these loans come from regional banks, which can’t withstand huge charge offs. They’ll quickly fail and need to be taken over by big banks 3) Liquidity Crunch for big banks Due to a liquidity crunch people don’t have money in the first place. Those who do have some extra savings in their savings/checking are moving it to Treasury bills. Because, while a typical bank would pay 0.01 % or so on savings, treasuries yield 5% today, given the interest rates environment All of this creates more problems in terms of higher delinquencies, why? Because the more the cash crunch, more banks failing, more unemployment leads to higher delinquencies and ultimately charge offs Probably not a soft landing in that case!!
Phase 2 Of The Banking Crisis Just Started
https://www.youtube.com/
To view or add a comment, sign in
-
Powell: 'Essential' that bank regulators re-propose Basel plan LINK: https://lnkd.in/dBwecRR5 #BankingAndFinanceNews #Banking #Regulations Please Repost
Powell: 'Essential' that bank regulators re-propose Basel plan
msn.com
To view or add a comment, sign in
-
#Explained | Margins for the banking sectors are likely to remain range-bound with slight negative bias in the first quarter of the current fiscal, Here's why. Read to know more! READ | https://lnkd.in/gr-eWVhC #Banking | #StockMarket | #Sensex
Banking sector’s margins to mildly decline, here’s why
republicbiz.com
To view or add a comment, sign in
-
The concentration in the banking sector persists.
The Problem Isn’t Big Banks—It’s Banks Getting Bigger
wsj.com
To view or add a comment, sign in
-
Interesting read Large banks are subject to the Federal Reserve’s stress tests, which measure how they respond to economic shocks. Category IV banks are generally subject to them every two years. The latest stress test scenario, for example, assumes a 40% decline in commercial real-estate prices. Based on how a bank would perform under that and other risk scenarios, it can then be given higher capital requirements.
The Problem Isn’t Big Banks—It’s Banks Getting Bigger
wsj.com
To view or add a comment, sign in
-
Exposure to interest rate risk was a key driver in the banking shock of 2023. Our Letter discusses how bank franchise value can provide some stability in banking amid a volatile interest rate environment, as well as its limitations. https://sffed.us/4daN3wO
To view or add a comment, sign in
-
Banks. Is it too big to fail or growing too quickly? Which is the bigger sin? It's a thing right now in banking to discuss and consider. "Recent regional banking crises have revived debates about the size of banks. Larger banks have been more insulated from some of the pressures hitting their smaller peers, such as deposit outflows and heavy concentrations in commercial-real estate lending." "This suggests that letting banks get bigger might be a pathway to stability—though one that critics would charge shifts the burden to taxpayers to backstop more "too big to fail" behemoths, or would concentrate banking in a way that hurts customers." "Another problem: Getting to bigger banks means "growing smaller- and medium-size banks. And what we are seeing is that this process can be fraught with risk." "With this growth, it crossed the threshold to become what is known in regulatory terms as a Category IV banking institution." "Large banks are subject to the Federal Reserve's stress tests, which measure how they respond to economic shocks. Category IV banks are generally subject to them every two years. The latest stress test scenario, for example, assumes a 40% decline in commercial real-estate prices. Based on how a bank would perform under that and other risk scenarios, it can then be given higher capital requirements." "A Federal Reserve review of SVB's supervision and regulation, published last April, noted that the bank's "core risk-management capacity failed to keep up with rapid asset growth." The bank's growth also changed how it was supervised. The report noted that supervision of the company was "complicated by the transition" from what is known as a Regional Banking Organization, or RBO, to a Large and Foreign Banking Organization, or LFBO, as it crossed $100 billion in assets." So how could you get to bigger banks without these problems? #banking #regulation #banks #assets #growth
The Problem Isn’t Big Banks—It’s Banks Getting Bigger
wsj.com
To view or add a comment, sign in
3,298 followers