article thumbnail

U.S. Bank Failures, 2001 – Present

The Big Picture

Bank failures since 2001, scaled by amount of assets in 2023 dollars. The graphic above, via Flowing Data , puts recent events into perspective: At $209 billion in assets, the Silicon Valley Bank failure since Washington Mutual crashed in 2008 (JPM Chase took them over from the FDIC). The post U.S.

Banking 331
article thumbnail

Friday links: your single most valuable asset

Abnormal Returns

Companies Marc Rubenstein, "PayPal Holdings Inc is not a bank and doesn’t enjoy any of the protections that are afforded to banks." netinterest.co) Why CVS ($CVS) and Walgreen's ($WBA) are struggling. msnbc.com) There's Netflix ($NFLX) and everyone else. sherwood.news) Spirit Airlines kinda sucks, but you will miss it when it is gone.

Assets 278
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Monday links: attention as an asset class

Abnormal Returns

Markets How major asset classes performed in March 2024. bloomberg.com) Why banks love the wealth management business. capitalspectator.com) There has been a fair amount of equity return dispersion, YTD. mrzepczynski.blogspot.com) Strategy Why U.S. equity outperformance looks obvious in hindsight.

Assets 261
article thumbnail

MiB: Savita Subramanian, US Equity & Quantitative Strategy, Bank of America

The Big Picture

This week, we speak with Savita Subramanian , head of US Equity and Quantitative strategy at Bank of America. Be sure to check out our Masters in Business this week with Jeffrey Sherman, Deputy CIO at DoubleLine Capital , which manages over $100 billion in mostly fixed-income assets. Dick Ubik by Philip K.

Banking 173
article thumbnail

The Threat That Could End Community Banking & What To Do About It

Small and midsized banks are at tremendous risk. Community banks are at risk of losing their core business to the companies innovating in the paytech and lendtech spaces. On the surface, things are going well for community and regional banks and credit unions. Small business lending is ground zero for this imminent disaster.

article thumbnail

FDIC: Number of Problem Banks Increased in Q1 2024

Calculated Risk

The FDIC released the Quarterly Banking Profile for Q1 2024: Reports from 4,568 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) report aggregate net income of $64.2 percent is now at its highest level since fourth quarter 2013, driven by office portfolios at the largest banks.

Numbers 124
article thumbnail

TD Bank Sues Raymond James, Ex-Employees for Stealing Clients With $22M in Assets

Wealth Management

TD Bank is suing Raymond James and two former employees, claiming they broke non-solicitation vows when they left TD, attracting $22 million in assets.

Banking 83