03-15-2023, 12:31 PM
|
#121
|
|
Franchise Player
Join Date: Dec 2006
Location: Calgary, Alberta
|
Quote:
Originally Posted by Yikes
Canadian banks are usually a good bet, more or less completely isolated from most of this witches brew crap the Americans conjure up.
|
The US banks that have failed (or look particularly poor here) are pretty specialised, niche banks. Like a tech start=up focused bank, crypto and that kind of thing. Does it impact major banks like JP Morgan, or Citigroup? To some extent, based on fears of contagion, but otherwise not really.
Not investment advice, but just saying that comparing the big 6 in Canada to the US regionals and such isn't really apples to apples for a variety of reasons.
|
|
|
|
03-15-2023, 12:44 PM
|
#123
|
|
Lifetime Suspension
Join Date: Jul 2012
Location: North America
|
Last edited by Yoho; 03-15-2023 at 01:38 PM.
|
|
|
|
|
03-15-2023, 12:54 PM
|
#124
|
|
Franchise Player
Join Date: Dec 2006
Location: Calgary, Alberta
|
Quote:
Originally Posted by Yoho
|
It'll be interesting to see though, because the Fed probably isn't enamoured with JPM getting larger than it is already. They might prefer that BofA swoops in for a deal here.
|
|
|
|
|
The Following User Says Thank You to Slava For This Useful Post:
|
|
|
03-15-2023, 01:05 PM
|
#125
|
|
Franchise Player
Join Date: Mar 2006
Location: Shanghai
|
Made me laugh to receive a rare email yesterday from RBC marketing great incentives for opening new accounts with cash deposits. Like, really guys? We're seeing market-wide panic about bank insolvency and you choose now to send out a message basically saying "Please! Give us some cash!"? I guess maybe they're trying to target people who are holding assets in less secure banks to get them to move over, but it's still pretty funny messaging given the context.
__________________
"If stupidity got us into this mess, then why can't it get us out?"
|
|
|
|
|
The Following User Says Thank You to JohnnyB For This Useful Post:
|
|
|
03-15-2023, 01:23 PM
|
#126
|
|
Franchise Player
|
Quote:
Originally Posted by Slava
It'll be interesting to see though, because the Fed probably isn't enamoured with JPM getting larger than it is already. They might prefer that BofA swoops in for a deal here.
|
Given they're basically not letting TD buy First Horizon I can't see how they can let the big banks buy stuff here. We're getting close to JPM and BAC being 2X as big as Wells Fargo (which has been under an asset cap for ~5 years...)
|
|
|
|
|
03-15-2023, 01:33 PM
|
#127
|
|
Franchise Player
Join Date: Jun 2004
Location: SW Ontario
|
Maybe I'm crazy - but my worry about the banking sector is approximately 0.1% higher than it was last week.
|
|
|
|
|
03-15-2023, 01:34 PM
|
#128
|
|
Franchise Player
Join Date: Dec 2006
Location: Calgary, Alberta
|
Quote:
Originally Posted by bizaro86
Given they're basically not letting TD buy First Horizon I can't see how they can let the big banks buy stuff here. We're getting close to JPM and BAC being 2X as big as Wells Fargo (which has been under an asset cap for ~5 years...)
|
Yeah and that's where it gets interesting. They're caught between wanting to have someone step-in for some of these banks to give some surety, and not wanting to have these behemoths get much larger.
|
|
|
|
|
The Following User Says Thank You to Slava For This Useful Post:
|
|
|
03-15-2023, 03:07 PM
|
#130
|
|
Had an idea!
|
If our real estate market doesn't massively crash, our banks will be okay. If it does, have fun.
|
|
|
|
|
The Following User Says Thank You to Azure For This Useful Post:
|
|
|
03-15-2023, 03:34 PM
|
#131
|
|
Franchise Player
|
The strength and solvency of Canadian banks is so far down my worry list right now. Russia attacking Ukraine and the U.S. drifting toward fascism as far greater concerns. Our banks are fine.
|
|
|
|
|
03-15-2023, 04:17 PM
|
#132
|
|
First Line Centre
|
Why can't both be a problem?
|
|
|
|
|
03-15-2023, 04:47 PM
|
#133
|
|
Franchise Player
|
Quote:
Originally Posted by Azure
If our real estate market doesn't massively crash, our banks will be okay. If it does, have fun.
|
It might, it might not, but we really do have a people vs supply problem right now. It might hold it pretty steady.
__________________
Quote:
Originally Posted by MisterJoji
Johnny eats garbage and isn’t 100% committed.
|
|
|
|
|
|
03-15-2023, 04:50 PM
|
#134
|
|
Lifetime Suspension
|
Quote:
Originally Posted by MoneyGuy
The strength and solvency of Canadian banks is so far down my worry list right now. Russia attacking Ukraine and the U.S. drifting toward fascism as far greater concerns. Our banks are fine.
|
China/Taiwan.
|
|
|
|
|
03-16-2023, 05:23 AM
|
#135
|
|
Lifetime Suspension
Join Date: Jul 2012
Location: North America
|
|
|
|
|
|
03-16-2023, 06:00 AM
|
#136
|
|
Franchise Player
Join Date: Feb 2013
Location: Boca Raton, FL
|
^File that under, "duh, of course they would".
__________________
"You know, that's kinda why I came here, to show that I don't suck that much" ~ Devin Cooley, Professional Goaltender
|
|
|
|
|
03-16-2023, 07:20 AM
|
#137
|
|
Lifetime Suspension
Join Date: Jul 2012
Location: North America
|
|
|
|
|
|
03-16-2023, 07:26 AM
|
#138
|
|
Franchise Player
Join Date: Oct 2010
Location: Calgary
|
Quote:
Originally Posted by Yikes
China/Taiwan.
|
If China attacks Taiwan in the middle of all of all these other problems, depression here we come.
Last edited by FlameOn; 03-16-2023 at 07:55 AM.
|
|
|
|
|
03-16-2023, 07:30 AM
|
#139
|
|
Franchise Player
|
This is a little reminiscent of the .com crash all over again. Some really bad companies that had massive VC backing but no real reason to exist ended up not producing anything and collapsing under the weight of their own hype and mismanagement. Those failures created some panic and a run in the market that impacted scores of companies stock prices and a sell off that drove many of those companies toward restructuring or completely out of business. There were many underlying reasons for this event, but the panic induced run was the biggest problem. This is what the feds are trying to prevent here, a panic induced run. Based on responses from some in this thread they are taking appropriate action and protecting people from their own over-reactions.
|
|
|
|
|
03-16-2023, 07:33 AM
|
#140
|
|
Lifetime Suspension
Join Date: Jul 2012
Location: North America
|
Interesting job posting on CDIC website.
SENIOR OFFICER, CRISIS COMMUNICATIONS | AGENT(E) PRINCIPAL(E), COMMUNICATIONS DE CRISE
“Develop and coordinate communications materials to support CDIC’s role in managing the failure of financial institutions. This includes crisis communications strategies and supporting documents (news releases, speaking notes, Q-As, briefing materials, presentations, etc.)”
Job Posting Archive
cdic.ca
favicon.ico
https://www.cdic.ca/careers/opportun...#careersIFrame
Last edited by Yoho; 03-16-2023 at 07:35 AM.
|
|
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
All times are GMT -6. The time now is 10:54 PM.
|
|
