187. Holding Pattern for CMBS Lenders; Cash is King for Banks; Liquidity, Anyone?
The TreppWire Podcast: A Commercial Real Estate Show
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What Was Happening to Signature?
About 90% of signatures deposits, you know, about 79 or 80 billion were not FDIC insured as of December. If crypto asset prices decline, Bitcoin is down more than 70% over the last year plus, if those values decline, then your deposits are going to be shrinking. People were taking out their deposits. They were basically a second run on the bank. And what we found today was I think it was 30 banks got together and traded them uninsured deposits to help shore up their capital base.
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