Taking Stock Episode 23 - NYCB and Banking System

This week on Taking Stock, Chives was joined by Hoose to talk about the term meme stocks, GameStop’s credit card provided through Comenity bank, the banking sector at large, JPMorgan Chase’s plurality of customer deposits, and NYC Bancorp’s needing to be rescued by private equity. Many sources to be found at the bottom of the show notes today. - Twitter/X Link: https://twitter.com/i/spaces/1MnGnMXWZWVKO - Join the Community: Join us on Discord - https://mee6.xyz/en/i/vYJSX1ghMl Join us on Lemmy - https://lemmy.whynotdrs.org/ Visit https://www.drsgme.org and https://www.whydrs.org - Links and Resources: GameStop's Credit Card https://d.comenity.net/ac/gamestop/public/home - JP Morgan & First Republic Bank Articles https://www.cbsnews.com/news/first-republic-bank-fdic-jpmorgan-chase-control/ https://www.nytimes.com/2023/05/01/business/first-republic-jpmorgan-fdic.html https://www.npr.org/2023/05/02/1173247344/with-a-recent-takeover-there-are-worries-jpmorgan-chase-has-grown-too-large https://www.reuters.com/business/finance/jpmorgans-deal-collapsed-first-republic-explained-2023-05-01/ - NPR on the FDIC https://www.npr.org/2023/03/13/1163138002/the-fdic-insurance-limit-was-last-raised-in-2008-heres-how-it-works - Forbes on US Dollar Death Spiral https://www.forbes.com/sites/digital-assets/2024/03/04/us-dollar-collapse-bank-of-america-issues-shocking-1-trillion-every-100-days-warning-amid-huge-bitcoin-ethereum-xrp-and-crypto-price-boom-to-rival-gold/amp/ - MarketWatch on NYCB https://www.marketwatch.com/story/nycb-raises-more-than-1-billion-in-equity-investment-anchored-by-former-treasury-secretary-steven-mnuchins-firm-afdd2363 - Wall Street on Parade on NYCB https://wallstreetonparade.com/2024/03/new-york-community-bancorp-was-jpmorgans-top-regional-bank-pick-for-2024-its-lost-73-percent-y-t-d-and-had-its-deposit-rating-downgraded-to-junk/ - Special Thanks to: Craiyon.com for help with the logo design Wooch for the intro & outro music