The Next Generation

Money From A Banker's Perspective

[The Next Generation @nextgenpdcst]

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

[The Next Generation @nextgenpdcst]

Check out the latest Episode!!

[The Next Generation @nextgenpdcst]

https://t.co/fW4EhtfEKk

[The Next Generation @nextgenpdcst]

Thank you!!

[The Next Generation @nextgenpdcst]

https://t.co/oBjE0YygZn

[The Next Generation @nextgenpdcst]

Link in Bio. Give it a listen!

[The Next Generation @nextgenpdcst]

OUT NOW PT. 2 https://t.co/c4xzQ1HdkI

[The Next Generation @nextgenpdcst]

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

[The Next Generation @nextgenpdcst]

Listen Now: https://t.co/eYmxB2pGxh

[The Next Generation @nextgenpdcst]

Another Bank Crash? First Republic Bank, Pt. 1 (Recorded April 25th, 2023) https://t.co/dbJBT5hIp3 via @YouTube

[The Kobeissi Letter @KobeissiLetter]

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.

[The Kobeissi Letter @KobeissiLetter]

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.

[The Kobeissi Letter @KobeissiLetter]

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.

[The Next Generation @nextgenpdcst]

Another Bank Crash? First Republic Bank, Pt. 1 (Recorded April 25th, 2023) https://t.co/dbJBT5hIp3 via @YouTube

[The Next Generation @nextgenpdcst]

AVAILABLE NOW. A look back at where First Republic Bank stood last week. https://t.co/pCivyvP0VX

[The Next Generation @nextgenpdcst]

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

[The Next Generation @nextgenpdcst]

New episode coming out tomorrow. #FRB

[The Next Generation @nextgenpdcst]

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.

[The Next Generation @nextgenpdcst]

How have recent 🏦 failures impacted community banks??

[The Kobeissi Letter @KobeissiLetter]

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?