“The American banking landscape is on the cusp of a seismic shift. Expect more pain to come”
July 10, 2023
“…Rising interest rates will deepen losses on securities held by banks and motivate savers to pull cash from accounts, squeezing the main way these companies make money. Losses on commercial real estate and other loans have just begun to register for banks, further shrinking their bottom lines. Regulators will turn their sights on midsized institutions after the collapse of Silicon Valley Bank exposed supervisory lapses.
What is coming will likely be the most significant shift in the American banking landscape since the 2008 financial crisis. Many of the country’s 4,672 lenders will be forced into the arms of stronger banks over the next few years, either by market forces or regulators, according to a dozen executives, advisors and investment bankers who spoke with CNBC…”
https://www.cnbc.com/2023/07/10/american-banks-face-more-pain-huge-shift.html
This should be ILLEGAL. These “regulators” are helping big banks consolidate the market. Mega banks need to be broken up and the Fed shouldn’t exist.