This week on Taking Stock, Chives was joined by Hoose to talk about the term meme stocks, GameStop’s credit card provided through Comenity bank, the banking sector at large, JPMorgan Chase’s plurality of customer deposits, and NYC Bancorp’s needing to be rescued by private equity.

Many sources to be found at the bottom of the show notes today.

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Twitter/X Link:

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Links and Resources:

GameStop's Credit Card

https://d.comenity.net/ac/gamestop/public/home

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JP Morgan & First Republic Bank Articles

https://www.cbsnews.com/news/first-republic-bank-fdic-jpmorgan-chase-control/

https://www.nytimes.com/2023/05/01/business/first-republic-jpmorgan-fdic.html

https://www.npr.org/2023/05/02/1173247344/with-a-recent-takeover-there-are-worries-jpmorgan-chase-has-grown-too-large

https://www.reuters.com/business/finance/jpmorgans-deal-collapsed-first-republic-explained-2023-05-01/

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NPR on the FDIC

https://www.npr.org/2023/03/13/1163138002/the-fdic-insurance-limit-was-last-raised-in-2008-heres-how-it-works

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Forbes on US Dollar Death Spiral

https://www.forbes.com/sites/digital-assets/2024/03/04/us-dollar-collapse-bank-of-america-issues-shocking-1-trillion-every-100-days-warning-amid-huge-bitcoin-ethereum-xrp-and-crypto-price-boom-to-rival-gold/amp/

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MarketWatch on NYCB

https://www.marketwatch.com/story/nycb-raises-more-than-1-billion-in-equity-investment-anchored-by-former-treasury-secretary-steven-mnuchins-firm-afdd2363

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Wall Street on Parade on NYCB

https://wallstreetonparade.com/2024/03/new-york-community-bancorp-was-jpmorgans-top-regional-bank-pick-for-2024-its-lost-73-percent-y-t-d-and-had-its-deposit-rating-downgraded-to-junk/

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Special Thanks to:

Craiyon.com for help with the logo design

Wooch for the intro & outro music