Warning: 10 Risky Banks (Like Silicon Valley Bank)
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- เผยแพร่เมื่อ 11 มี.ค. 2023
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When Kevin isn’t personally invested in something his breakdown is fucking flawless
This guys might be the cause of a Bank Run Tomorrow.
This video is already out of date. Fed just made it almost impossible for banks to fail.
Sure hope Ally makes it!!
Same
FDIC is 250k, just make sure you’re under that. Otherwise don’t panic and choose bigger banks if you are anxious.
Love this. Thanks for the heads up on this. That's why i watch most of your videos. 💪helping everyday working folks with your content 👏👏👏
Someone list the 10 banks in the comments
Well, I am panicking… I am trying to calculate the ratio for “regions bank”….. and man… they try to make the balance sheet so hard to read…. Can you help me out?.
Commercial during the ally reveal 😢😅
So how do we feel about wealthfront? 😳I saw citi bank, HSBC, and Discover as some of their partners so i guess it's alrightttt
Wealthfront is a digital investment company that also offers cash management services, including high-yield savings and checking accounts. While a bank run is a rare event, it is possible for any financial institution to experience a sudden and significant increase in withdrawals that exceeds its ability to meet its customers' demands for cash.
However, it is important to note that Wealthfront is not a traditional bank and its cash management accounts are not FDIC insured. Instead, Wealthfront has partnered with several FDIC-insured banks to hold customers' cash deposits and provide FDIC insurance up to $1 million.
In the event of a significant increase in withdrawals or other unforeseen circumstances, such as a financial crisis or a cyber attack, it is possible that Wealthfront could experience liquidity issues or other operational challenges that could impact its ability to meet its customers' demands for cash. However, the FDIC insurance coverage provided through its partner banks helps to mitigate this risk for customers.
That being said, it is important for customers to be aware of the risks associated with any financial institution, including the potential for a bank run or other unexpected events. Customers should carefully review the terms and conditions of their accounts, understand the FDIC insurance coverage, and monitor their accounts regularly to ensure that their funds are safe and secure.
@@nathanielcradle-yourrichfriend hey thanks! I'll have to check out your page now
Kevin. If your funds is under 250k , it’s fdic insured. Even svb customers will be able to get all their money back it’s it FDIC insured on Monday.
this doesn't affect the average americans personal deposits, just their potential employment/income
How long will it take you to get that money back?
@@281skunk You'd not have access to funds for a whole weekend. FDIC always moves in on Friday and everyone under $250,000 has access to their funds by Monday morning.
as signature bank failure was just announced. good timing kevin
Signature isn't a surprise because crypto is a scam.
Svb And Signature just for their bailouts.
Maybe the Court will
give bailouts for past students (that unlike everyone else can declare bankruptcy or go to liquidation.
Going to be an interesting week, even if they find a solution. It's sentiment now that's the problem, and people are certainly not feeling good about this
I use PNC and I’m VERY concerned by how little cash they actually have in reserve. It’s less than 2% of deposits.
PNC was one of the banks considering buying SVB
Do you have over 250 k in there?
You want to look at short term investments as well - securities like treasuries or loans that have terms under 1 year - they're very liquid and suffer negligible hits from rate moves, so if a bank had 10% of assets in those, they could very easily pull that % as well, to raise cash.
Most banks won't have a massive amount in short duration investments, but they will have some. More than 2%.
Only worry if you got more than 250k
oh snap, prosperity bank has a buch of links to restaurants in Houston. Not good!!
THE FED OWNS YOU. YEAH, YOU.
Bailouts is criminal
Signature bank was JUST shut down
& it was not mentioned! That means there can be more than these 10 banks 🏦
Not a surprise, crypto is a scam, so crypto tied banks of course have huge problems.
Well, the FED just announced a bailout. All SVB depositors will be made whole Monday.
This means that you'll be paying it back. Just wait until Jerome makes his announcement.
Just transfer all your money into your trading account.
bailout monday/tuesday incoming...markets about to rip for REALLLY DUMB REASONS.
the plunge protection team will jump in with both feet monday morning. luring in the dumb money
Graham: 👁👄👁
Guys I heard insiders telling that Kevin soon will be imprisoned for creating a panic bank run.
Crony Congress will give them favor.
Are CD's safe at smaller banks? Or don't go into these either?
Same $250K FDIC limit. If you have less than $250,000 none of this is an issue as long as your bank is FDIC insured.
Interesting timing on this video.
My MCB puts PRINTING
It's irresponsible to tell people to pull money out of small banks unless they have more than $250,000.
There's no risk to funds under $250,000 in any FDIC bank or NCUA credit union.
😂 why you hit that coupon code at the right time?
What about Navy Federal Credit Union?
Please 🙏🏼 us vets need to know cause i think most of us use this
@Miguelon If you don't have more than $250,000 in a financial institution, none of this matters as long as you're in a FDIC or NCUA credit union.
CS to buy or not to buy
Whats the possibility of having Mother of All Crashes this year?
Banks should be required to keep 90 percent cash, and only allowed 10 percent to invest for the cost of running the bank!!! Problem solved! Sorry but the greed has got to go!! Banks should have never gotten away from paying 3 to 4 percent interest!
This is laughable…
They can't pay their expenses with that kind of restriction. You know nothing how a bank makes money and is able to provide services. Your solution is laughable, like clown laughable.
Great info-The FDIC receives no Congressional appropriations - it is funded by premiums that banks and savings associations pay for deposit insurance coverage. The FDIC insures trillions of dollars of deposits in U.S. banks and thrifts - deposits in virtually every bank and savings association in the country.
Does anyone have the source of this list? I couldn't fact check this one.
These banks getting ratiod
This wont ever happen again.....and another bank comes out with the same issue.
And they exist in California and NY.....go figure.
Signature bank is totally different, Signature bank is tied to crypto and all crypto is a scam, so of course it failed.
SVB had totally different issues.
USAA all day everyday
Ally and M1 are going down. You’ve been warned!
PNC has the most concerning balance sheet that I’ve seen so far.
I have auto loans with ally. does that mean my loans will be burned too 😁😁
@@blipblop92 lol
i love how u dumb it down jst 4 all of us.....lol : )
All is good Kev! The government announced they will take care of all depositors (not at the expense of taxpayers), and also make sure banks will stay liquid in times of stress 😃
Buffett was invested in Ally.
Buffett hasn't invested in Ally but Berkshire Hathaway has invested in Ally
A 700 million dollar position is most likely to be Todd Combs or Ted Weschler. They manage smaller amounts of money for Berkshire. For the amount of money Warren Manages 700 million is practically nothing.
Where is the Bloomberg article i cant find it
I'm very concerned that Bitcoin has no value
No utility either except for ransom and malware extortion. Emperor has no clothes!!
Any insight on Navy Federal Credit Union? A lot of us vets use this bank
Do you have more than $250,000 in the credit union? If not, then this whole issue doesn't matter to you.
You're really milking this. FUD FUD FUD. Spreading panic is what causes bank runs... self fulfilling
No. Printing trillions of dollars, dropping rates to zero, and then cranking them back up at break neck speed is gonna be to blame for that. The real bank runs are going to be wire transfers by huge corporations and rich investors fleeing to bonds anyways
@@CharlieBam bank run can happen anytime when theres not enough buffer and FUD spreading.
Moron, the average American has about $5k in savings. Your neighbor Bob pulling $3k out isn't going to matter to the market.
Just remember most folks with 250k and under will be fine...I watched show on how FDIC works, they are very efficient, and even if they run out of cash they go to treasury for cash.
@@detraed8962 shareholders are not safe
FUD
People seriously need to start investing in stocks.
Wealth-front anyone? Have more then 250k and am worried
Signature Bank is now closed!
Oh no!!! A crypto bank went out of business... nobody is surprised.
Postal banking anyone?
That's very informative... But we have most of our money in brokerages. Charles Schwab is down 24% in the past two days. Is my brokerage account safe?
Listen TH-cam, Charles Schwab is a financial services company that offers a range of products and services, including brokerage accounts, investment management services, banking services, and more. While a bank run is a rare event, it is possible for any financial institution to experience a sudden and significant increase in withdrawals that exceeds its ability to meet its customers' demands for cash.
However, it is important to note that Charles Schwab Bank, which is a subsidiary of The Charles Schwab Corporation, is an FDIC-insured bank. This means that customer deposits in Charles Schwab Bank are insured by the FDIC up to $250,000 per depositor, per account ownership category, in the event of bank failure or insolvency.
In addition, Charles Schwab Bank maintains adequate reserves and liquidity to ensure that it can meet its customers' demands for cash and other banking services. The bank also regularly undergoes regulatory examinations and stress tests to evaluate its financial strength and resilience to adverse economic conditions.
While no financial institution is immune to unforeseen events or operational challenges, Charles Schwab Bank's FDIC insurance coverage and strong financial position help to mitigate the risk of a bank run or other significant disruptions to its operations.
That being said, it is important for customers to be aware of the risks associated with any financial institution and to monitor their accounts regularly to ensure that their funds are safe and secure. Customers should also be familiar with the terms and conditions of their accounts and understand the FDIC insurance coverage. These type of things are hard to determine. If your money is tied up in equities, this is a different scenario.
@@nathanielcradle-yourrichfriend Thanks for the detailed response but couldn't you swap out the name Charles Schwab for Silicone Valley Bank in everything you just said? I don't know enough about quarterly statements to confidently say Schwab doesn't have toxic assets. But the fact that they went down 24% in the last two days means that somebody might think that they do.
There are no lines at banks, people pulling their $4,000 out of the bank are ridiculously dumb..
Mcb up next
Just bank with a jp morgan. Why take unnecessary risk?
Kevin what if were in smaller brokerages? like Sofi.
What percentage of households in the US seriously has over 250 000 at all, let alone in a smaller bank…? 0.1%?
Small business accounts not personal checking accounts.
@@neeko18 it’s not the smallest business that has over 250k lying around in 1 bank first of all, and factually this doesn’t concern the savings of 99+% of the population, even in California.
@@vladimirc422 its still peoples money. When that money is gone, think what happens to the employees payroll 😁
@@blipblop92 think what will happen if sheeps panic, that’s a lot more dangerous.
@@neeko18 But Kevin's not speaking to small business. He sounds very general.
Draw your cash from any small us bank
If you have less than $250,000, there is NO reason to do that. Russian bots in here trying to cause bank runs to damage US economy.
Kevin, please don't try to justify your promoting of further panic.
NEWS: Buy that big dip! hahaha... Depositors of the Silicon Valley Bank will have access to all of their money - following the bank’s failure on Friday - at no loss to American taxpayers, the Treasury Department, Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) said in a joint statement Sunday.
dont keep more money in banks then you can afford to loose. Every CFO should have atleast a part in Bitcoin. Only they can make payroll on Monday in silicon valley
So keep money where? In cash under my mattress?😂😂😂 my department of water & power doesnt accept bitcoin😂😂
Bitcoin is worthless I wouldn’t accept it as payment for anything… I’ll take gold or silver if I have to though
@@restandrelaxation4039 old ideas dies everyday with old people. thats the works of time. Noone needs you to change
@@robertc6293 yes they do. if you use a app like strike
Im disapointed to hear kevin spreading fear. Most people do not have deposits over 250k in cash and will be protected. Keep your money where it is at.
He's not necessarily speaking to personal accounts. Thousands of business accounta do
FDIC is insolvent
@@DanielRicany bs
Correct..Most people do not. The whole point of FDIC is to prevent panic not cause it.
@meet kevin can you go over huntington balance sheet?