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NYCB lost more than 50% of its value last week, but have other banks? BAC, JPM, etc. didn't budge. If most banks are diversified with other types of loans, ma
by francisofascii 3y ago
NYCB lost more than 50% of its value last week, but have other banks? BAC, JPM, etc. didn't budge. If most banks are diversified with other types of loans, maybe you will never notice. Or maybe they haven't accepted the losses yet.
- bequanna 3y agoPer Fed Chairman Powell in a recent interview, the Fed believes that mid-size and smaller regional banks (not larger banks) have the most exposure from bad commercial property loans.
- fnordpiglet 3y agoJPMC in particular is literally too big to fail and that’s their entire business model. They’re so diversified and massive in everything that it’s impossible to fail. They’re the backstop of the backstop - see how the government resolved the small bank failure wave with JPMC taking on first republic and acting as a backstop against further bank chaos. This was a somewhat intentional ramp they’ve been on since 2008, become so massive that no amount of malfeasance or incompetence can disrupt their overall business.