Thread by @veojoby

Nothings better in the banking sector, especially regionals. When they tell you all’s good, is usually when you need to bail. Will account holders fully or partially move assets from regionals to large banks?

Not really a #bankrun as it’s from one finance.yahoo.com/news/us-stocks…… twitter.com/i/web/status/1…

The first part of this article title speaks volumes…data a week old too. What’s data for this week with bank contagion spreading to large #EU banks?

US regionals are still most at risk of a #bankrun to majors (not a bank run out of banks). $KRE cnbc.com/amp/2023/03/24…… twitter.com/i/web/status/1…

Hmmm.. $KRE

Small US banks see record drop in deposits after SVB collapse

Deposits at small U.S. banks dropped by a record amount following the collapse of Silicon Valley Bank on March 10, data released on Friday by the Federal Reserve showed.

Deposits finance.yahoo.com/news/u-large-b…… twitter.com/i/web/status/1…

Commercial Real Estate Crisis to Accelerate Regional Banking Crisis?

Think we just found the next shoe to drop. CRE owners moving to a super bank ASAP? $KRE

“Commercial Real Estate is in trouble.
A banking crisis will make it worse.”

More than 80% of finance.yahoo.com/news/commercia…… twitter.com/i/web/status/1…

Combine the reality of data in prior 2 tweets of this thread..(see links) $KRE

1. Deposits at small banks fell ~$119 billion (week old data).

2. 80% of all CRE loans now held by banks with less than $250 billion in assets.

(approximates & what makes this worse is data is a… twitter.com/i/web/status/1…