To The Moon

🇺🇸 regulators on 28/4 (Fri) put large 🏦🏦🏦 on notice that tougher oversight is coming, after the Federal Reserve & Federal Deposit Insurance Corporation (FDIC) detailed their supervisory lapses before deposit runs caused the collapse of Silicon Valley Bank (SVB) & Signature Bank in March. The Fed's assessment of its inadequacies in identifying problems & pushing for fixes at SVB came with promises for tougher supervision & stricter rules for 🏦🏦🏦. ➡️ “Our first area of focus will be to improve the speed, force, and agility of supervision," Fed Vice Chair of Supervision Michael Barr. Barr also signaled plans to subject banks with more than $100 billion in assets to rules currently reserved for bigger rivals, given that increased capital & liquidity requirements would have bolstered SVB's resilience. ⚠️ Though the banking sector broadly has since stabilised, the far-reaching impact of the failures of those 2 large regional banks was felt as an even larger lender, First Republic Bank (FRC) teetered on the brink of collapse. $First Republic Bank(FRC)$ 🚨 The FDIC is preparing to place FRC under receivership imminently, a person familiar with the matter said on 28/4 (Fri), sending FRC another 33.62% down to close at $2.33 nearly in extended trading. This is after it fell 43.3% to close at $3.51 in regular trading hours. 🐻🐻🐻 FRC said earlier this week its deposits had slumped by more than $100 billion in Q1 2023 & had plans to shrink its balance sheet & slash expenses by cutting executive compensation, paring back office space & laying off 20% to 25% of employees in Q2 2023. However, that didn’t allay investors’ fear. 🚨 FDIC decided the troubled regional lender's position has deteriorated & there is no more ⏱️ to pursue a rescue through the private sector, the source told Reuters, requesting anonymity because the matter is confidential. ⚠️ If FRC indeed falls into receivership, it would be the 3rd 🇺🇸 bank to collapse since March. Shares of some other regional 🏦🏦🏦 like $Western Alliance(WAL)$ Bearish was down 0.86% while BIG 🏦🏦🏦 like $Bank of America(BAC)$ Bearish $Citigroup(C)$ Bearish$JPMorgan Chase(JPM)$ Bearish were down 0.1%, 0.42%, & 0.1% respectively in extended trading. Do follow me if you enjoy reading analytical stock research🔍 presented in a fun & easily understandable way😉 & for the Latest Stock & 🗞🗞🗞 Updates🕵🏻‍♀️❣️ Please help to click on the “Like” & “Share/Repost” buttons at the Bottom Right corner so that more 🐯🐯🐯 can access this information, many thanks🤗🥰 You will Greatly Encourage Me❣️ As usual-🤔💭 Consider POV & Actions of Investors + 👩🏻‍💻👨🏻‍💻 Research + 🗑FOMO & Greed = Investing Wisely 🤓🤗 + Accumulating Wealth 💵💰 @TigerStars @Daily_Discussion