The Next Generation

Prices are up and don’t seem to be stopping. What can be done and how is the effecting out daily lives??

Check out the latest Episode!!

Thank you!!

Link in Bio. Give it a listen!

OUT NOW PT. 2 open.spotify.com/episode/3vXsIA…

Pt. 2 coming tomorrow. We take a look at FRB post FDIC takeover.

Listen Now: open.spotify.com/episode/3vXsIA…

Another Bank Crash? First Republic Bank, Pt. 1 (Recorded April 25th, 2023) youtu.be/zKpexsW2WYc via @YouTube

Total US Deposits by Bank: 1. JP Morgan: $2.4 trillion 2. Bank of America: $2.0 trillion 3. Wells Fargo: $1.4 trillion 4. Citibank: $1.3 trillion 5. US Bank: $500 billion 6. PNC Bank: $450 billion 7. Truist: $420 billion 8. Capital One: $350 billion 9. Goldman Sachs: $350 billion 10. TD Bank: $330 billion The top 10 banks in the US currently control 65% of deposits while the top 15 control 75%. JP Morgan and Bank of America alone control 31% of deposits in the US. This crisis is only accelerating consolidation of banks and making the big banks bigger.

Up until this weekend, the rule was that a bank with 10%+ of US deposits can’t acquire another deposit accepting bank. JP Morgan bypassed this rule. It should be interesting to see how the rules change next. Follow us @KobeissiLetter for real time analysis as this develops.

Currently, JP Morgan controls ~15% of deposits in the US. With their acquisition of First Republic, they are adding another $100 billion. This is on top of the flight of deposits from small to large banks. By the end of this crisis, JP Morgan could control 20%+ of US deposits.

AVAILABLE NOW. A look back at where First Republic Bank stood last week. open.spotify.com/episode/2o3OMG…

It happened again…let’s talk about it. Link in the bio.

New episode coming out tomorrow. #FRB

Is the movie “It’s a Wonderful Life” a Christmas movie? And does a movie in black and white automatically make it bad?? 🎬 Questions we ponder on the first episode.

How have recent 🏦 failures impacted community banks??

Large banks are painting the narrative that they saved the day in this crisis. JP Morgan acquiring First Republic was entirely for their own benefit. They profit $5 billion in 5 years and the FDIC covers $13 billion in losses. Why would large banks ever want the crisis to end?