US banks face potential big loan losses: Finance expert

RBC Capital Markets managing director Gerard Cassidy reveals which of the big banks he likes to win earnings season on 'The Claman Countdown.' #foxbusiness #claman

FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York - the business capital of the world - FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.

[kevinwithers]

Dont worry Jo-Bama will give your tax dollars to them just like last time !!!

[sophiada]

I FEEL LIKE THE HOLE SEASON IS OVER, I'M TRYING TO GET INTO TRADING AS A ROOKIE, BUT I'VE HAD SO MUCH LOSS TRYING TO TRADE ON MY OWN, PLEASE WHAT STRATEGIES DO I NEED TO EARN PROFITS FROM THE MARKETp

[robertlavinson]

The question is how have these banks been allowed to become so massive

[CeeTeeUSA]

They deserve it because they created this bubble mess. Homes in Queens are going for $1M. Those houses are worth a quarter of that. Many of them are 80-120 years old..

[gdolly]

Noticed more foreclosure homes on the market

[bt]

Lol maybe these banks shoulda thinked twice before trying to short GME, AMC, and BBBY into oblivion

[rons]

Good. That's what happens when they loan money to people who are likely to not make the payments, That's also what happens when they loan money against collateral that is assessed by them to be 5x and 10x its real value.

[OldSaltyBear]

Banks with commercial and mortgage loans are going to be in trouble once this recession takes root. Do NOT listen to this guy. He works for the banks... so of course he is going to say things are fine.

[EllieMaes-Grandad]

Those 'consumer-based' deposits will turn in a margin increase very fast, but when defaults begin to occur, it's game over for them.

[mushihimesarna]

Take your money out you guys. You've been warned.

[yoga_for_me]

They are afraid pp will panic and pull their money out of banks and stop putting money in stock market.

[stephanienguyen]

NO Bail Out. NO Printing Cash. No Free Cash - Global. Take Care Your People - 1st Priority.

[dianna]

We bailed these banks out under ovamit in 2008! DO WTF IS GOING ON?

[duanecato]

Did I hear a fart at the 1:56 mark? 😂😂😂

[lhttqby]

The Wells Fargo Bank will probably loose many customers because of the problems Americans face every day because they can't access their bank accounts regardless how many times they go online

[Bro-pjxc]

I can rest my head on the ground and smile now. Seemed to make me less hungry just knowing the banks are in a good place. Will they work when the power goes out.

[iamkesha.]

I though bankers would love this high inflation period since it is forcing a lot of people to start living on credit since they do not have cash.

[davidking]

If we go into a recession, where have you been that you don't see the recession that we are and have been in?

[dianascrimger]

Why are there no branches of Lloyd's of London in California?

[RamnRamn-dufc]

Banks never lose. Hello ? Hidden overseas assets. Duh ? Or S all knows. Sharp Pencils