Regional banks collapse

U.S. regional banks have been dropping since March 8th when Silicon Valley Bank collapsed. Silicon Valley Bank suddenly announced that it needed to raise additional capital of 2.25 billion, by issuing new common and convertible preferred shares. This decision caused panic and a run on the bank. Two days later, on March 10, the most serious banking crisis since the financial crisis of 2008 began, when the Federal Deposit Insurance Corp., the Federal Reserve and the U.S. Treasury Department said they had closed Silicon Valley Bank. Without waiting for widespread panic, regulators also closed Signature Bank in New York on March 12. For weeks, First Republic Bank sought to reassure customers and investors, even obtaining an injection of $30 billion from a coalition of 11 large banks to shore up its liquidity. But in the end, First Republic Bank failed and was sold to JPMorgan Chase on May 1.

How quickly will the Receiver make payments on Receiver's Certificates?
By law, after insured depositors are paid, uninsured depositors are paid next, followed by general creditors and then stockholders. In most cases, general creditors and stockholders realize little or no recovery. Payments of uninsured funds only, called dividends, depend on the net recovered proceeds from the liquidation of the bank's assets and the payment of bank liabilities according to federal statute. While fully insured deposits are paid promptly after the failure of the bank, the disbursements of uninsured funds may take place over several years based on the timing in the liquidation of the failed bank assets. (source FDIC.gov)

Here's a 1-day (16hr ext) chart with the tickerTracker MFI Oscillator indicator. This is a comparison between a stable bank (C) Citigroup with unstable bank stocks WAL, PACW, FHN, FRCB, SIVBQ, SBNY.

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The 2s10s Yield Curve inversion update 7/6/23: