HomeTactical & SurvivalBanking Crisis Is Not Over Yet: Moody’s Downgrades Ratings Of 11 Banks

Banking Crisis Is Not Over Yet: Moody’s Downgrades Ratings Of 11 Banks

Published on

Weekly Newsletter

To be updated with all the latest news, offers and special announcements.

The crisis in the United States banking sector is not over yet. Moody’s Investor Services, one of America’s premier credit rating and analysis corporations, has issued downgrades for 11 regional investors.

This development suggests that the recent bank failures have ushered in greater instability in the banking industry. The failures of Silicon Valley Bank and Signature draw attention to regional lenders’ weaknesses.

According to The Wall Street Journal, Moody’s said strains in how banks manage their assets and liabilities are becoming “increasingly evident,” and are pressuring profitability. Recent events “have called into question whether some banks’ assumed high stability of deposits and their operational nature, should be reevaluated,” the ratings firm said in its report.

Utah-based Zions Bancorporation was among the group of financial institutions that received downgrades, according to a report by Yahoo News. Zions Bancorporation disputed Moody’s assessment that the bank has “significant” unrealized losses on its securities portfolio and its capital has deteriorated, per The Wall Street Journal.

James Abbott, the bank’s director of investor relations, said Moody’s focus on unrealized losses misses the “tremendous value” of Zions’ granular, low-cost deposit base.

“We estimate that value creates more than $5 billion as a counterbalance to the unrealized losses to the securities portfolio,” Abbott said, per the Journal’s reporting.

Earlier this month, Al Landon, assistant dean at the University of Utah’s David Eccles School of Business, told the Deseret News that while he believes the U.S. banking sector is not on the verge of collapse, he does understand the nervousness the recent failures have incited in consumers.

“Overall I continue to believe that the industry is in strong shape and good condition,” Landon said. “But, it’s pretty understandable that when you have multiple, simultaneous shocks that some people would rightfully wonder if there are systemic problems.” -Yahoo News

The banking crisis is having a “slow burn impact” on the economy, according to CNBC. It now appears to be less of a major broadside to the U.S. economy than a slow bleed that will seep its way through and act as a potential catalyst for a much-anticipated recession later this year.

The Fed, BoA, & Corporate CEOs Are All Warning That A Recession Will Happen This Year

Gregory Mannarino: The Federal Reserve is “VERY CLOSE TO CBDC ROLLOUT!”

Once the economy has been systematically destroyed, the banks will be able to introduce the central bank digital currency to control the masses and ensure they cannot step out of line even if they wanted to. The total domination of humanity is on its way.

 

Read the full article here

Latest articles

Only $300! Bull Pump Shotgun from SDS Imports — NRA 2024

12 Guage Bullpup Feature Articles Industry News NRA 2024 SDS Imports...

Anti-Violence Project Based on Misinformation

Gun rights and safety aren't incompatible, no matter what people say. What is a problem,...

Custom Colt Pythons From Empire! — NRA 2024

.357 Magnum Accessories Colt Python Feature Articles Industry News NRA 2024...

Would You Buy a Wood Stock SIG Cross? — NRA 2024

Cross Rifle Feature Articles Industry News NRA 2024 SIG Sauer ...

More like this

Walther PPK in .32 ACP! — NRA 2024

.32 ACP Feature Articles Industry News NRA 2024 Pistol PPK/S Walther...

Just In Time for Memorial Day Cookouts: ATF Director Grilled at Congressional Hearing

ATF agents cut off the electricity to Bryan Malinowski’s Little Rock home before executing...

Adaptive Target System Shotrocker: Easy Setup Reactive Target

One might think the business of setting up a target is an easy one;...

Gun Rights and Safety Aren’t Incompatible Concepts

The right to keep and bear arms is preserved by the Second Amendment. It...

Summer Precaution: Outdoor Target Shooters Should Take Care Not to Start Wildfires

Here’s something many of us who shoot outside don’t think about too often, but...