US Banks
topic on 5 shows · 8 statements across 8 episodes
the Green Blueprint 
Top Founders 
All-In 
20VC 
Capital Allocators
8 statements about US Banks, every show
Grimshaw: Five banks control over 50% of US bank accounts
“So like five banks control over 50% of accounts in the UK, in the US.”
The US Has Too Many Banks and Smaller Institutions Face Trouble
“The reality is we have too many banks in the US, right? And we shouldn't have 4600 banks. So I wouldn't be surprised if there's a little more noise from some of these smaller banks.”
Lacey: FDIC reports $620B in unrealized losses across US banks
“The FDIC says US banks have six hundred and twenty billion dollars in unrealized losses sitting on their books, thanks to investments that lost value and interest rates rose.”
Dickson: FDIC reported $620B in unrealized US bank losses in Q4 2022
“The report noted that banks' aggregate unrealized losses on securities remain, in their words, elevated at six hundred twenty billion dollars in Q-IV. In fact, throughout 2022, these unrealized losses were materially higher than at any other time in the last 1…”
Sacks: US banks hold $620B in unrealized treasury losses
“So the Wall Street Journal right now is reporting that US banks have 620 Billion of unrealized losses just on treasuries.”
Hefets: US banks underwrite mortgages more conservatively than Fannie Mae requires
“When the global financial crisis happened, there were such, ah, very high fees and penalties that went for banks that didn't have really strict overlays that actually had a ton of defaults. And so now banks are super nervous To lend to people, and actually tak…”
Hildene occasionally misidentified underlying banks in early TruPS portfolios
“There was a time for a while where we did not have a hundred percent of the actual banks. And I'm going to tell you that there's a lot of first national banks in this country. There's a lot of first Cherokees. There's a lot of bank ones. I mean, there's 8000 b…”
Kirsch predicts US open banking adoption will snowball from European demand
“I think the same thing will happen here is that there's a big stick that causes the European banks to get on board the system. Once that happens, the apps get written and then the apps only work with European banks. Ooh. So if I want to move money instantly fr…”