12-25-2024, 09:26 AM
(03-19-2023, 12:00 PM)rogpodge Wrote: Being bought in a (forced) sale for $2B. Was technically worth $7B two Fridays ago?
Community banks are about to get wiped out. Consolidation in the banking industry is upon us (and that's not a good thing). Buckle up, everyone, it is going to be a bumpy ride.
For the stress testing fans out there.
https://twitter.com/WallStreetSilv/statu...5012458500
More for the stress testing fans. The big banks are suing the Fed over annual stress tests and the changes that the Fed wants to make, saying the current process falls short and "produces vacillating and unexplained requirements and restrictions on bank capital."
Here's the complaint--> BPI-OHChamber-OHBankers-ABA-Chamber-Stress-Testing-Complaint-20241224.pdf
Biggest banks sue the Federal Reserve over annual stress tests
Biggest banks sue the Federal Reserve over annual stress tests
Audaces fortuna iuvat