FDIC Failed Bank Data

Data, data, data

FDIC Failed Bank Data
Photo by Andre Taissin / Unsplash
Covering the energy industry requires top-down and bottom-ups skillsets - look no further than the bank failure-induced sell-off of commodities and commodity stocks this week

There has been considerable debate on social media this week about the moral hazard of saving banks in the U.S. and about who is being 'bailed-out' and why

In Senate testimony this week Janet Yellen made a distinction between systematically important banks that have received or could receive FDIC backing to make uninsured depositors (above the current $250,000 limit) whole versus smaller community banks who have not been or would not be considered systematically important

The data shows uninsured deposits have taken haircuts hundred of times since 2000 in the U.S.

Large banks have seldom seen haircuts on deposits since Indymac failed in 2008

Failed Bank Data

Back to our regularly scheduled energy content next week.