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Truist Bank, others
#3962982
08/22/23 03:36 PM
08/22/23 03:36 PM
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Joined: Aug 2001
Posts: 64,238
Luverne, AL
Skinny
OP
GUVNER
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OP
GUVNER
Joined: Aug 2001
Posts: 64,238
Luverne, AL
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Truist Bank could be in trouble. Folks are rumbling about it possibly going in the sh1tter.
HSBC also is getting some negative attention.
Schwab's banking side may also be in serious trouble.
Regions is also getting stressed.
One or two of those may go tits-up soon, some are saying September.
Never Trust Government
"You can be broke but you cant be poor." Ruthie-May Webster
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Re: Truist Bank, others
[Re: AU7MM08]
#3962997
08/22/23 04:14 PM
08/22/23 04:14 PM
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Joined: Dec 2007
Posts: 4,133
alabama
BigEd
10 point
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10 point
Joined: Dec 2007
Posts: 4,133
alabama
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Isn’t Regions HQ’ed in Bham? Yes
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Re: Truist Bank, others
[Re: Skinny]
#3963012
08/22/23 04:32 PM
08/22/23 04:32 PM
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Joined: Aug 2001
Posts: 64,238
Luverne, AL
Skinny
OP
GUVNER
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OP
GUVNER
Joined: Aug 2001
Posts: 64,238
Luverne, AL
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Regions should be fine, but they do have some stress. It really look like Truist and Schwab could have some trouble. They owe a lot in short term interest and may not have the liquidity to pay it.
Never Trust Government
"You can be broke but you cant be poor." Ruthie-May Webster
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Re: Truist Bank, others
[Re: Skinny]
#3963050
08/22/23 05:13 PM
08/22/23 05:13 PM
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Joined: Sep 2011
Posts: 7,483
Tenn
woodduck
14 point
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14 point
Joined: Sep 2011
Posts: 7,483
Tenn
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Re: Truist Bank, others
[Re: Skinny]
#3963070
08/22/23 05:36 PM
08/22/23 05:36 PM
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Joined: Aug 2001
Posts: 64,238
Luverne, AL
Skinny
OP
GUVNER
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OP
GUVNER
Joined: Aug 2001
Posts: 64,238
Luverne, AL
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So long as you are under $250k your fine. Anything over that could be in trouble.
Never Trust Government
"You can be broke but you cant be poor." Ruthie-May Webster
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Re: Truist Bank, others
[Re: Skinny]
#3963079
08/22/23 05:56 PM
08/22/23 05:56 PM
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Joined: Aug 2006
Posts: 8,915
Andalusia, Covington County, A...
TexasHuntress
14 point
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14 point
Joined: Aug 2006
Posts: 8,915
Andalusia, Covington County, A...
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So long as you are under $250k your fine. Anything over that could be in trouble. That is the max that can be FDIC insured at one bank (chain) for one person, correct? I always assumed that if people had more than that amount that they would have multiple accounts with other bank (chain) so as to keep their behind covered. But I guess there are some people who move such large amounts that it wouldn't be feasible to do that. I am certainly not one of them though.
If you live to be a hundred, I want to live to be a hundred minus one day, so I never have to live without you.---Winnie the Pooh
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Re: Truist Bank, others
[Re: Wapiti55]
#3963086
08/22/23 06:07 PM
08/22/23 06:07 PM
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Joined: Jan 2014
Posts: 6,620
Lake View, AL
Joe4majors
14 point
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14 point
Joined: Jan 2014
Posts: 6,620
Lake View, AL
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There’s a lot of people who’s in the State retirement plan that are praying Regions will be fine. Why is that?
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Re: Truist Bank, others
[Re: Skinny]
#3963088
08/22/23 06:07 PM
08/22/23 06:07 PM
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Joined: Jan 2017
Posts: 3,582
Lower Alabama
Andalusia
10 point
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10 point
Joined: Jan 2017
Posts: 3,582
Lower Alabama
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$250,000 for single acct, $500,000 for joint acct
"If you are the smartest person in the room, you're in the wrong room"
"How you do Anything, is how you do Everything"
"It is the mark of an educated mind to be able to entertain a thought without accepting it"
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Re: Truist Bank, others
[Re: TexasHuntress]
#3963122
08/22/23 06:55 PM
08/22/23 06:55 PM
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Joined: Feb 2007
Posts: 19,051
colbert county
cartervj
Old Mossy Horns
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Old Mossy Horns
Joined: Feb 2007
Posts: 19,051
colbert county
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So long as you are under $250k your fine. Anything over that could be in trouble. That is the max that can be FDIC insured at one bank (chain) for one person, correct? I always assumed that if people had more than that amount that they would have multiple accounts with other bank (chain) so as to keep their behind covered. But I guess there are some people who move such large amounts that it wouldn't be feasible to do that. I am certainly not one of them though. Those folks in California didn’t lose anything. Biden said he covered everyone
“Socialism only works in two places: Heaven where they don't need it and hell where they already have it.” ― Ronald Reagan
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