C Jan 2024 80.000 call
| Previous close | 0.1400 |
| Open | 0.1300 |
| Bid | 0.1000 |
| Ask | 0.1200 |
| Strike | 80.00 |
| Expiry date | 2024-01-19 |
| Day's range | 0.1300 - 0.1400 |
| Contract range | N/A |
| Volume | |
| Open interest | N/A |
- Yahoo Finance
Banking crisis: Goldman Sachs sees 'encouraging sign' in Google search data
Consumers appear to be taking the banking crisis in stride...for now.
- Yahoo Finance Video
More U.S. banks potentially insolvent: Study
In an interview with Yahoo Finance's Rachelle Akuffo, Columbia Business School Professor of Real Estate Tomasz Piskorski said that in a scenario where 50% of depositors are uninsured, "you have about 190 banks in a precarious position meaning the remaining value of assets is not enough to cover the face value of the insured deposit obligation," of course these bank runs can become more pronounced. Piskorski adds that in a scenario where 100% of depositors are uninsured, "almost more than 1,600 banks deemed potentially insolvent."The Federal Deposit Insurance Corporation said shortly before Silicon Valley Bank's collapse that the market value of U.S. banks’ long-term assets had dropped $620 billion in 2022. New research co-authored by Columbia Business School's professor of real estate Tomasz Piskorski finds that the banking industry’s unrealized losses are now more than three times that, with the system accumulating $2.2 trillion in unrealized losses over the past year. These paper losses across the U.S. banking sector suggest that other banks with high levels of uninsured depositors and large losses are also prone to solvency crises that could trigger bank runs. In an interview with Yahoo Finance's Rachelle Akuffo, Piskorski said that in a scenario where 50% of depositors are uninsured, "you have about 190 banks in a precarious position meaning the remaining value of assets is not enough to cover the face value of the insured deposit obligation," of course these bank runs can become more pronounced. Piskorski adds that in a scenario where 100% of depositors are uninsured, "almost more than 1,600 banks deemed potentially insolvent." Key video moments: 00:01:19 U.S. bank capitalization 00:03:19 Systemically important banks 00:04:22 Risk in the banking system Watch our full conversation with Tomasz Piskorski here.
- Motley Fool
Will Warren Buffett Buy the Dip on Bank Stocks?
Multiple media outlets reported this week that legendary investor Warren Buffett was in discussions with senior officials of the Biden administration to provide advice and potentially discuss making an investment in some bank stocks. Buffett and his holding company Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) are longtime bank investors and know the banking sector extremely well. In fact, Berkshire actually owned and operated a bank for several years in the 1970s before selling it over changes in banking regulations.
