US Banks Disclose Biggest Unrealized Losses on Security Investments since Q1 2009: FDIC by Wolf Richter • Dec 13, 2018 • 36 Comments The price of rising interest rates.
Subprime Rises: Credit Card Delinquencies Blow Through Financial-Crisis Peak at the 4,705 Smaller US Banks by Wolf Richter • Nov 20, 2018 • 67 Comments So what’s going on here?
It Just Doesn’t Let Up with Wells Fargo by Wolf Richter • Aug 6, 2018 • 82 Comments A Friday-afternoon-in-August disclosure. Here’s its rap sheet of ongoing official scandals.
Next Mortgage Default Tsunami Isn’t Going to Drown Big Banks but “Shadow Banks” by Wolf Richter • Jun 17, 2018 • 62 Comments As banks pull back from mortgage lending amid inflated prices and rising rates, “shadow banks” have become very aggressive.
“For New Money Only”: Banks Fight for Deposits, But if You Don’t Jump Through Hoops, You Get “Punishment Rates” by Wolf Richter • May 28, 2018 • 60 Comments HSBC makes it official.
“Act Now and Lock in” these Deposit Rates: Banking Cat-Fight Breaks Out Like We Haven’t Seen in Over 10 Years by Wolf Richter • May 9, 2018 • 72 Comments The Fed has left the room.
Fight for Deposits Erupts among Banks, with Winners & Losers by Wolf Richter • Apr 29, 2018 • 52 Comments But it’s a godsend for savers.
I Asked my Wells Fargo Branch about CDs with Higher Interest Rates. This is What Happened Next by Wolf Richter • Apr 27, 2018 • 96 Comments Competition for cash returns for the first time in 9 years, and banks hate it.
How Much Are Banks Exposed to Subprime? More than we Think by Wolf Richter • Apr 11, 2018 • 49 Comments Wells Fargo has $81 billion in exposure to loans that, on paper, it isn’t exposed to.
Wells Fargo Gets Clocked in California by Wolf Richter • Oct 17, 2017 • 65 Comments Why is Tim Sloan still CEO, asks California Treasurer as “systemic corruption and venal abuse of customers” have become “part of Wells Fargo’s brand.”
