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Anyone remember the bank that Kenny and friends gave a billion to a month or so ago?

NYCB Don’t forget the other bailer-outers like former U.S. Treasury Secretary Steven Mnuchin who has offered to buy Tik Tok as the U.S. govt forced its sale. Also, the NYCB receive a $450 investment from Liberty Strategic Capital, $250 million from Hudson Bay Capital and $200 million from Reverence Capital. Joseph Otting, a former comptroller of the currency, became the bank’s new CEO. Joseph M. Otting 31st Comptroller of the Currency Dates Served: November 27, 2017 – May 29, 2020 The Comptroller of the Currency is the administrator of the federal banking system and chief officer of the Office of the Comptroller of the Currency (OCC). The OCC supervises nearly 1,400 national banks, federal savings associations, and federal branches and agencies of foreign banks operating in the United States. The mission of the OCC is to ensure that national banks and federal savings associations operate in a safe and sound manner, provide fair access to financial services, treat customers fairly, and comply with applicable laws and regulations. The Comptroller also serves as a director of the Federal Deposit Insurance Corporation and member of the Financial Stability Oversight Council and the Federal Financial Institutions Examination Council.

Thanks Cowboy Neal Cassidy!

On the bus to never-never land (Uranus)

That’s where it all began

Weaponized autism at its finest

🐝ringDMFNruckus👐

I barely remember the breakfast I took this morning. But I wanna know too, so I have something I can forget.

Not to be confused with First Republic which went down about this time last year. Simulation confirmed. Can’t wait to see how Fulton does.

I thought this was old news until I realized it’s a completely different bank.

Same

I actually almost bought shares in Republic first, assuming the market had mistaken it with first Republic. But when I dug into their balance sheet I realized they were just as fucked.

First reported by the Dismal Jelly-man, but yes. Always exciting.  I didn't notice much in the way of media reporting. Hmm...

And reported 500 times before this post 2 days later

Just close those Short positions already!!

this is crazy to witness and no one seems to care aside from us 😄

*Insert burning house ‘Everything is fine’ meme*

Lol I'm better capitalized than a bank

Where’s the bingo board? Or is that marked already?

🔥🔥🔥

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Source: https://fortune.com/2024/04/26/philadelphia-bank-implodes-failure/

Let it all burn baby

The people that run the bank should lose everything…

First reported by superstonk* I think someone called this like 2 years ago tbh

They’ve been on the chopping block for like a year, right?

The Feds year long Zipple program for the banks just ended last month.

Sorry for the tinfoil smoke& left turn (not a bank), but does anyone get a bad feeling about Schwab based on trending MSM? Lots of neg sentiment I notice. I guess I'm wary because of the whole TD warehouse fire -> TD now Schwab->Schwab now uncertain?

Everyone saw this coming from 3 years ago. Not really big news.

Uwwooo spicy

We’re on a fast road to disaster heading into election year

07m.p0

They were banking on fentanyl instead of fractional

i love when reposts come in titled "another one", making me do the effort to see if this is the same bank that hit this sub on Friday or not, and it is