Capital one next bank to go down?
Why are they freezing deposits? https://seekingalpha.com/news/3975298-nyc-banking-commission-votes-to-freeze-citys-deposits-in-capital-one-keybank
Seeking Alpha
Capital one won’t go down as they loan their deposits at 25% for low income people
All the more reasons to go down when they default
Paywall
Cisco - I expect you can read and comprehend!
I can't. Too hard. need tldr
Go back to school man or don't watch those stupid reels, shorts or whatever they are called. That will help you to be patient!
We maintain a fairly high liquidity ratio from my understanding.
NYC only had $7mil in deposits at cap1. We don’t give an f. We chose not to submit BS paperwork on how we’re tackling discrimination. NYC comptroller is pissed because we’re tightening up loans and credits cards to demographics who historically aren’t paying them back and increasing our charge offs.
Loan and card decisions are never taken based on demographic, zip code, etc. There are audits of these algos in place already to prevent this. In work in one of those teams. This is a BS of NY comptroller as someone here mentioned, hopefully c1 can take care of this
Plenty of banks would fall first, we might not be the best bank, but risk management is much better than in most banks, that’s certain.
@op : lol. Capital one is a very very well managed company.
They forgot to submit a paper work for nyc government. That’s all
Ah ok, phew. Don't want stocks to go down tomorrow