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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    A new blow to the US economy... Banks are in danger and a return to the red zone!

    Rocky
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    A new blow to the US economy... Banks are in danger and a return to the red zone! Empty A new blow to the US economy... Banks are in danger and a return to the red zone!

    Post by Rocky Wed Aug 09, 2023 5:26 am

    A new blow to the US economy... Banks are in danger and a return to the red zone!

    A new blow to the US economy... Banks are in danger and a return to the red zone! 1691500938_6

    +A
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    Baghdad today - follow-up
    One week after Fitch downgraded the US's long-term debt rating, Moody's (MCO) is now slapping North America again. Specifically, to the country's banks.

    Moody's puts banks at risk

    The agency downgraded the credit ratings of 10 small and medium-sized US banks and said it may downgrade the ratings of major banks, including US Bancorp, Bank of New York Mellon (BK), State Street Corp (STT) and Trust Financial Corp (TFC).
    In a series of observations compiled by Bloomberg, Moody's points out that rising financing costs, potentially weak regulatory capital, and heightened risks associated with commercial real estate lending amid weak demand for office space were some of the tensions upon which this review is based.
    The agency notes that "all these factors taken together have reduced the credit profile of many US banks, though not all banks equally."
    The downgraded companies included M&P Bank (MTB), Webster Financial (WBS), BOK Financial Corp. (NASDAQ: BOKF), Old National Bancorp (NASDAQ: ONB), Pincall Financial Partners (NASDAQ: PNFP), and Falton Financial Corp. (NASDAQ: ONB). FULT).
    The Northern Trust Company (NASDAQ: NTRS) and Callen/Frost Bankers (CFR) are under review for downgrade.
    Moody's also gave "negative" ratings to 11 lenders, including Y Financial Services Group (PNC), Capital One Financial Group (COF), Citizens Financial Group (CFG), Fifth Third Bancorp (NASDAQ: FITB), Financial Regulators Corp (RF). ), Ally Financial, OZK Bank (NASDAQ: OZK), and Huntingdon Branches (NASDAQ: HBAN).

    Will more banks fail?

    According to opinions compiled by Yahoo Finance, investors, baffled by the collapse of regional banks in California and New York this year, are watching closely for signs of stress in the industry, as rising interest rates force companies to pay more for deposits. And increase the cost of financing from alternative sources.
    According to Moody's, some banks have curbed loan growth, which is preserving capital but also slowing the shift in the lending mix towards higher-yielding assets.
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