05-01-2023, 06:29 AM
https://twitter.com/profstonge/status/16...9442857987
Western Alliance and Pac West are on the clock. Everyone I know who banked with First Republic loved them. But banks are reluctant to originate mortgages now (money losers), and all banks got addicted to easy money. When losses are at this scale, naturally banks are going to fail. Bank consolidation is here, and my guess is that antitrust regulation will be restrained to accommodate the concentration of deposits at megabanks. The consumers will lose.
Western Alliance and Pac West are on the clock. Everyone I know who banked with First Republic loved them. But banks are reluctant to originate mortgages now (money losers), and all banks got addicted to easy money. When losses are at this scale, naturally banks are going to fail. Bank consolidation is here, and my guess is that antitrust regulation will be restrained to accommodate the concentration of deposits at megabanks. The consumers will lose.