“We have changed to negative from stable our outlook on the U.S. banking system to reflect the rapid deterioration in the operating environment following deposit runs at Silicon Valley Bank , Silvergate Bank, and Signature Bank and the failures of SVB and SNY,” Moody’s detailed on Monday.
The credit agency added that even though the U.S. government made depositors whole, “the rapid and substantial decline in bank depositor and investor confidence precipitating this action starkly highlight risks in U.S. banks’ asset-liability management exacerbated by rapidly rising interest rates.” MIS analysts stated that while the U.S. Federal Reserve’s backstopping liquidity facility for banks is beneficial and could help the situation, “banks with substantial unrealized securities losses and with non-retail and uninsured U.S. depositors may still be more sensitive to depositor competition or ultimate flight, with adverse effects on funding, liquidity, earnings, and capital.”
BTC fake pump target 21k directional target 18.5k then resistance 16k zone
It would seem that brandon bailing out SVBCollapse worked as well as expected. The Biden Admin, everything they touch turns to shit.
Didn’t Moody’s step in poop during the last financial crisis where they were fudging rankings/ratings of banks that eventually failed after getting a bunch of people’s money just trying to protect their wealth? 🤔 They were actually fined for it.
This is to be expected and yet another example of why you shouldn’t leave all of your money in one bank. Instead spread your money across at least two banks and keep emergency cash on hand in case things go belly up 🤔🏦 WealthManagement SVB
All three crypto lenders belly up. All three crypto banks belly up. No that’s just a coincidence. No way democrats are trying to fuck retail crypto and no way their trying to make only big corporations be the ones to deal with crypto. Morris_Cody BlockFiZac
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