Those of you who remember the 2008 banking crisis should be paying attention to the regional Banks today. Looks like history is rhyming. Zions and Western Alliance have become stressed. Since financial markets never operate in a vacuum, let's see how the major banks do. The Fed should stand aside this time.
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Both are up sharply today. Both are within 25% of their highs. Both probably have cfos that saw the stupidity of SVB.
There's thousands of banks in the US. A few failing really isn't the end of the world. It's an opportunity for everyone else to grab a little market share. Relax.
Wells Fargo sux
Hopefully, we don't have to pony up for the FDIC shortfall this time.
History shows us that some regionals will collapse, as usual. Bigger banks will swoop in and absorb what they can. Unfortunately, we don’t have WB to help us get the junk off our books after the absorption.