Lol. No. We’re not even a CCAR bank.
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No. USAA is not a SiFI.
@vfz+1p8YmyaL you should watch too big to fail it explains why the tope 4 are in fact too big to fail and it has nothing to do with selling toys
Well, they are failing, so …
No if USAA was publicly traded their market cap would be around $25bn there are banks that make that in revenue in one quarter lol
Nope, far from it. Like a comment on here stated, only a hand few of companies are deemed too big to fail, and USAA is not close to that. If the bank fails, another bank will clearly swoop in and purchase it.
It’s failing now. Just got a message that Home Value Monitoring is going away in November. Just another component of the value proposition being scrapped in the eyes of a very long term member like me.
IMO, USAA is not too big to fail. The bigger players in the banking and or insurance space would snap up USAA in a heartbeat
Re @jaw+1p8YmyaL response…Stuart had no input regarding the determination of USAA being classified as a Big Bank. In fact we tried every possible scenario to NOT meet the threshold calculations. We tried including/excluding items that fell into the gray area of the instructions but every single calculation resulted in USAA just being over the amount that determined big bank status.
no one is too big to fail. look at Blockbuster, Borders, Toys R Us, the list goes on. companies that fail to innovate and keep up with the times and industry trends, ultimately fail. USAA has been hanging on a thread of its past laurels, but that won't last forever.
Nope, not at all.
Too big to fail is JP Morgan Chase, BofA, CitiBank.
USAA was a big fish in a small body of water, then when Stuart came on, they decided to make the jump and become a “big bank,” (regs played a part in that as well) only to realize they weren’t in the p-e wee leagues anymore. USAA is a tiny fish in the Pacific Ocean now.
So no, they’re far from being considered “too big to fail.”
Honest question.