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BrickTop
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Comments by "BrickTop" (@bricktop7803) on "Trouble at PNC Bank as Layoffs Start, Loan Activity Stalls (Bank Crisis 3.0)" video.
Not surprising the US banking sector is in trouble, they are 15 years behind everyone else. After the GFC- European banks shut down their loss making assets, bank branches, Cheques and money orders. These assets LOSE banks money big time. We lost 80% of bank branches and everything is done online or by phone app. No branches, no need for cheques or money orders. As PNC are cutting staff, they are just doing what happened in Europe 15 years ago. The rest of the US banking sector will follow suite over the next few years.
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@scotthookey9297 No one is bragging, it just facts. Just because you don't like what is happening or will happen. Would YOU be bragging if the banks underwater did NOTHING and just imploded? What happens in Europe will make its way across to the US. Watch RJ's earlier episodes, there are 11 other US banks on the watch list for poor performance.
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@mcgems754 Credit Suisse are like SBF, they gambled badly with other peoples money. Not like you or I, but generational wealthy families, Nazis and heavily into money laundering. The exist OUTSIDE the EU banking sector for lack of transparency. Indeed there are still WW2 Nazi accounts and stolen artworks hiding in their vaults. In the end it was one inept gambler that tried to hide his errors that brought the bank to its knees.
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