Sign in Subscribe
๐Ÿ—ฃ Discussion / Question

New bank failure incoming? FDIC held a CLOSED meeting at 3:12 pm yesterday to consider matters related to the Corporationโ€™s supervision, corporate, and resolution activities.

FDIC held a CLOSED meeting at 3:12 pm yesterday to consider resolution activities.
FDIC held a CLOSED meeting at 3:12 pm yesterday to consider resolution activities.
Matter Considered
Source: https://public-inspection.federalregister.gov/2023-28472.pdf

Back in July a similar meeting was held before it was announced Heartland Tri-State Bank of Elkhart, Kansas, was closed.

r/Superstonk - Bank fail Friday incoming? FDIC announces meeting that occurred yesterday to consider, among other things 'resolution activities'. Last time this happened (7/27), Heartland Bank failed (7/28). Bank Fail Friday coming up?

Things that make you go hmmm...

TLDRS:

  • FDIC held a CLOSED meeting yesterday about resolution matters that the public interest did not require consideration of the matters in a meeting open to public observation.
  • I show Heartland Tri-State Bank of Elkhart, Kansas failed after a similar meeting like yesterday.
  • Fresh bank fail incoming?
Good Day!

Reddit Post

Tweet

Read next
The Bank Term Funding Program (BTFP) is experiencing its own MOASS!

Catching up: BTFP usage explodes & program end date announced, credit card debt jumps 17.7% in November, $28 million to whistleblowers, Uyeda new term, Korea punishes illegal short selling, GameStop NFT Project update, and much more!

Hello and Happy New Year, I hope you and yours had a happy, safe, and healthy holiday season! For me, I was able to go away on holiday for the first time in half a decade plus and it was fantastic--great to be able to unplug and recharge in warmth
dismal-jellyfish
Deutsche refuses to pay maturity presentments for this issuerโ€™s institutional certificate of deposit.

DTC received notification from Deutsche Bank Trust Company America, the MMI issuing/paying agent for OVERSEA-CHINESE BANKIN (OVR*), Deutsche refuses to pay maturity presentments for this issuerโ€™s institutional certificate of deposit.

* Certificates of Deposit (CDs) are time-bound deposit accounts held at banks that typically offer a fixed interest rate in return for keeping the money deposited for a set period. * Deutsche Bank Trust Company America is acting as an MMI (Money Market Instrument) issuing/paying agent. * As a paying agent, it
dismal-jellyfish
Final Retirement โ€“ INTERACTIVE BROKERS LLC/IBKR SECURITIES SERVICES LLC

Is IBKR okay? Effective Tuesday, October 31, 2023 INTERACTIVE BROKERS LLC/IBKR SECURITIES SERVICES LLC will withdraw from membership in the Netting and Repo Netting of the Government Securities Division.

NETTING AND SETTLEMENT SERVICES The Netting and Settlement service of FICCโ€™s Government Securities Division (GSD) provides centralized, automated clearance and guaranteed settlement of eligible U.S. Treasury bills, notes, bonds, strips and book-entry non-mortgage-backed agency securities. As part of its GCF Repoยฎ service, GSD also processes transactions involving certain
dismal-jellyfish