John Popeo
511 posts
@JWPopeo
Advising on financial services regulation and transactions. Partner @TheGallatin. Prev. @FederalReserve and @FDICGov. Led 40+ failed-bank deals during the GFC.
A lady came into bank today, told us ChatGPT said her CD that matured was too low. She was at 3.25%. This is what is coming for all community banks. All this new tools lead to higher cost of funds. Fee based banks will continue to be the way to win.
Community Bank & Trust – West Georgia was closed today by the Georgia Department of Banking and Finance, which appointed the FDIC as receiver. Anchor Bank will assume substantially all insured deposits and acquire certain assets of the failed institution. fdic.gov/news/press-rel…
Clarification is needed. Beyond France’s political turmoil, another driver of BNP Paribas’s drop is the prospective class-action exposure following last week’s verdict in Kashef et al. v. BNP Paribas S.A. Et al. Depending on who you ask, it may look like a buying opportunity.
They will just co-opt Stablecoins instead… #IYKYK
TRADERS EXPECT THE FED TO RAISE INTEREST RATES AND HAVE PRICED IN A 20 BASIS POINT INCREASE FOR THE YEAR 2026.
I feel like this is sort of stuck on repeat - but raising the FDIC insurance cap is a solution in search of a problem. Main Street depositors do not benefit from raising the cap, and Congress should finally let this idea die.
A negative story on gold in today's Wall Street Journal. When gold was soaring and all the headlines were gold bullish (including rising Wall St. target prices), I grew more worried. I'd like to see more of these dour headlines. wsj.com/finance/commod…
All roads lead to Universal Basic Income.
Nobody’s talking about the reflexive Treasury bid hiding in bank balance sheets. The same duration mismatch that accelerated the bond crash could accelerate a rally if yields drop enough to restart housing. Arcane plumbing, massive implications.
BREAKING: President Trump orders the US government to buy $200 billion in mortgage bonds to drive mortgage rates down. "We are bringing back the American dream," Trump says.
BREAKING 🚨: BNP Paribas BNP Paribas, France's largest bank, is plunging more than 9% and on track for its biggest loss since February 2022 📉📉
