2 major banks about to go under:

[Swordsmyth]

Yellen Says She Expects Bank Consolidations

https://www.thefinancialtrends.com/2...onsolidations/

[Swordsmyth]

UBS Completes Credit Suisse Takeover

https://www.thefinancialtrends.com/2...isse-takeover/

[Swordsmyth]

US Banking Crisis Far From Over – Banking Experts And Executives

https://www.thefinancialtrends.com/2...nd-executives/

[Swordsmyth]

Fitch Warns It May Need To Downgrade US Banks Soon


https://www.thefinancialtrends.com/2...us-banks-soon/

[Bern]

This one is for you @swissaustrian :

A popular initiative in Switzerland wants to hold a vote on partially nationalizing UBS Group AG, the initiators wrote on their website.

The so-called banks initiative proposes to amend the Swiss constitution to say that “large banks of systemic importance are to be managed as joint stock companies with the confederation as majority shareholder in terms of share capital,” according to the website.

The text is currently under review by federal authorities. If they greenlight it, the initiators have 18 months to collect 100,000 signatures for their cause. Parliament and cabinet ministers would then need to weigh in before the issue could be put to a national vote, a process that would likely take several years.
...

https://www.swissinfo.ch/eng/bloombe...e-ubs/48819494

I believe this is the initiative website:

https://www.bankeninitiative.ch/

[Swordsmyth]

UBS Takeover Of Credit Suisse Being Held Up By Foreign Regulatory Approvals


https://www.thefinancialtrends.com/2...ory-approvals/

[Bern]

After the big 3 bank failures early this year, the Fed created the BTFP program to support the banks. The BTFP was touted as a temporary measure that is supposed to end in March 2024. However, it looks like a lot of banks are going to be in trouble without it.

Did anyone else notice the Chairman of the Federal Reserve casually admit recently that our central bank has no long-term strategy for handling the banking crisis? Jerome Powell was asked recently ... what would happen in March of 2024 when loans begin coming due from the Bank Term Funding Program (BTFP). He literally said that they hadn’t thought that far ahead.

Powell & Co. created a $100+ billion bailout facility with no exit strategy, and now they talk about it like it’s nothing. The attitude extends even to major banking houses like Bank of America, which has openly admitted that it has hundreds of billions of dollars of unrealized losses on its books but expects to realize none of them. In other words, everyone, the Fed included, is acting like the BTFP is a permanent facility.
...
... The BTFP is loaded with long-term securities that will likely pay below-market rates for 2 to 30 years.

This has created a rachet effect with the new facility, where banks dumps securities on the Fed but can never really pay off the loans before the collateralized assets mature. That has pushed the BTFP to $114 billion, and it’s poised to continue creeping higher each time banks need cash and can’t liquidate the rest of their depreciated assets, except at a loss.
...

More:

https://www.fxhedgers.com/p/powell-s...-part-out-loud

...
Total outstanding loans in the Federal Reserve’s bank bailout program jumped by just over $5 billion in November.

There was a sudden spike in banks tapping into the bailout program during the first week of the month with financial institutions borrowing $3.87 billion from the Bank Term Funding Program (BTFP). There was another surge in borrowing between Nov. 15 and Nov. 22, according to Fed data.

As of Nov. 22, there was $114.1 billion in outstanding loans in the BTFP bank bailout program.
...

https://schiffgold.com/key-gold-news...d-in-november/

Aside from the Fed's BTFP disclosures, the FDIC says:

...
Unrealized Losses on Securities Increased From the Prior Quarter: Unrealized losses on securities totaled $683.9 billion in the third quarter, up $125.5 billion (22.5 percent) from the prior quarter. Unrealized losses on held-to-maturity securities totaled $390.5 billion in the third quarter, while unrealized losses on available-for-sale securities totaled $293.5 billion.
...
Total Deposits Declined for a Sixth Consecutive Quarter: Total deposits declined by $90.4 billion (0.5 percent) between second and third quarter 2023. This was the sixth consecutive quarter that the industry reported a lower level of total deposits.
...

https://content.govdelivery.com/acco...letins/37d5a51

Look for more can kicking in 2024...