I work for a GSIB. My client is a large bank and I do just fine, thank you. I hope you have a nice day and find peace in Christ.

hahahhahahahhah gsib

At what point does an individual person become a GSIB

The Most Levered Global GSIB based on real TCE getting…. that is SocCen expanding Cash Equities Prime Finance… What could go wrong?

$HOOD $CRCL $JETS $SEA $BOAT $IXC $IXG $GSIB $KBWB $BBVA $SAN $HSBC $VEGI $PBJ $PHO $MAGS $QQQ $DE $CAT $FTXR $PAVE $IYT $TPYP $PLTR $SHLD $MSTR $GLXY $COIN Today, when launching an operation, utilizing a high-capacity aircraft (jumbo jet) allows activities to begin more quickly than using a ship to setup while Navy Air arrives later after coordinating on site first with your connections on the ground. youtu.be/mUdxV8PpoQE?si=Az75… Then for high speed people movement you can use commercial or a private jet to move to a new world instantly or even island at unmatched speeds vs navy which gives it a movement and network connectivity on a human level advantage that the isolation of navy constantly at sea cannot match vs being a land dwelling air uplink and having more distributed in person global allies is more valuable. youtu.be/9TXjcbA26YM?si=cIwI… When I look at the leaders of the tech industry and other industries I usually think they are slightly inland to sea green apple equity dealers or entrepreneurs while bond dealers are portrayed as more red apple politicians. Think of it this way in our crown jewel of Silicon Valley many are asked why do you live in suburbia without a yacht bunch of motor home dwellers (those are our merchant armies who forgot who they are) but with an Army Air International Airport, Moffett youtu.be/e39OJ0Cmpeg?si=fEaz… Airfield with a Marsh Swamp instead of in beautiful high rise San Francisco a bit more dominated by Navy Air Wall Street and its love for yachts the sea surfers choice and coastal dense high rise penthouses not motor homes the land surfers choice to manage inland assets like a land surfer next to big suburban houses that grow outwards. youtu.be/YEXW5i2Cua4?si=zVr8… Well let me say this because that positioning allows us to grow super giant huge inland to sea physical green apples that continually grow outwards into the land and then subcontract out to the Navy Air coastal port of San Francisco and China using our super green apples grown more inland in San Jose. It also keeps us at a distance to the mind warping effects and also the on the ground weird effects of the Navy Air commercial trade paper and its A Clockwork Orange 🍊hyper boom bust cycles from import-export cycles of San Francisco itself youtu.be/T54uZPI4Z8A?si=meFh… which we need but we don’t want to be fully immersed into because it makes you look into the sea to the point you completely ignore growing green apples on land, live on exports then suffer soft or hard supply chain asphyxiation with shit on the streets, late stage capitalism protest marches, youtu.be/nlPopUb7tm8?si=AYin… cat boy and cat girl phenomenons and great depressions when the imports stop and you shift back to needing locally grown green apples instead of imported ones to service domestic and export demands. Therefore the correct way to think is the green apple grower using imports for sea to inland or youtu.be/IeFJmkA_F-s?si=ZwOf… outward into the land of housing, food, oil, water, air and more is at the top of the chain to commission with said green apples to make iPhones and other technical products that require extremely stable hard anchored supply chains that are local not just imported to do immobile sedentary technical or factory work which ends badly when you remove the imports of Navy Air subsidies switching back to exports later on if you have an undeveloped inland area. The grocery store with food and gas station with oil, water and air told me this.

ㅤ ㅤ𝘥𝘪𝘤𝘬 𝘴𝘰 𝘥𝘦𝘦𝘱 𝘵𝘩𝘢𝘵 𝘵𝘩𝘦𝘺'𝘳𝘦 𝘱𝘶𝘮𝘱𝘪𝘯𝘨 𝘢𝘭𝘭 𝘵𝘩𝘢𝘵 𝘧𝘦𝘳𝘵𝘪𝘭𝘦, 𝘩𝘰𝘵, 𝘽𝘼𝙇𝙇 𝙂𝙐𝙉𝙆 𝘴𝘵𝘳𝘢𝘪𝘨𝘩𝘵 𝘪𝘯𝘵𝘰 𝘩𝘪𝘴 𝘸𝘰𝘮𝘣 .. 😵‍💫💕✨

$HOOD $CRCL $JETS $SEA $BOAT $IXC $IXG $GSIB $KBWB $BBVA $SAN $HSBC $VEGI $PBJ $PHO $MAGS $QQQ $DE $CAT $FTXR $PAVE $IYT $TPYP $PLTR $SHLD $MSTR $GLXY $COIN Hoy en día, al iniciar una operación, el uso de una aeronave de gran capacidad (*jumbo jet*) permite comenzar las actividades con mayor rapidez que utilizando un barco para el despliegue inicial, ya que la aviación naval llega más tarde, tras una coordinación previa en el lugar con los contactos en tierra. youtu.be/mUdxV8PpoQE?si=Az75… Además, para el traslado rápido de personas, se pueden utilizar aviones comerciales o privados para desplazarse instantáneamente a un nuevo entorno —o incluso a una isla— a velocidades inigualables en comparación con la marina. Esto otorga una ventaja en cuanto a movilidad y conectividad humana que el aislamiento de la marina (siempre en alta mar) no puede igualar; resulta más valioso operar desde tierra con enlaces aéreos y contar con aliados globales distribuidos y accesibles en persona. youtu.be/9TXjcbA26YM?si=cIwI… Al observar a los líderes de la industria tecnológica y de otros sectores, suelo verlos más como operadores de capital o emprendedores de perfil "manzana verde" (orientados a tierra firme y al interior), mientras que los operadores de bonos se perciben más como políticos de perfil "manzana roja". Piénselo de esta manera: en nuestra joya de la corona, Silicon Valley, a muchos se les pregunta por qué viven en los suburbios —sin yates y rodeados de habitantes de autocaravanas (que representan a nuestros ejércitos mercantes que olvidaron su propia identidad)— pero cerca de instalaciones como el aeródromo militar Moffett... youtu.be/e39OJ0Cmpeg?si=fEaz… ...un aeródromo situado junto a una zona pantanosa, en lugar de estar en los hermosos rascacielos de San Francisco. Esta última zona está más dominada por la aviación naval y Wall Street, con su predilección por los yates —la elección de los surfistas del mar— y los áticos en rascacielos costeros densamente poblados, frente a las autocaravanas —la elección de los "surfistas de tierra"— que gestionan activos del interior junto a grandes casas suburbanas que se expanden horizontalmente. youtu.be/YEXW5i2Cua4?si=zVr8… Bueno, permítanme decir esto: ese posicionamiento nos permite cultivar manzanas verdes físicas —enormes y gigantescas— desde el interior hacia la costa; manzanas que crecen continuamente hacia la tierra firme y que luego se canalizan mediante subcontratación hacia el puerto costero y la base aeronaval de San Francisco y China, utilizando esas manzanas verdes cultivadas más hacia el interior, en San José. También nos mantiene a distancia de los efectos que trastornan la mente —y de las extrañas consecuencias tangibles— derivados del comercio aeronaval y de sus ciclos hiperbólicos de auge y caída (al estilo de *La naranja mecánica* 🍊) propios de la dinámica de importación y exportación de San Francisco. youtu.be/T54uZPI4Z8A?si=meFh… Es un sistema que necesitamos, pero en el que no queremos sumergirnos por completo, ya que te obliga a mirar tanto hacia el mar que terminas ignorando el cultivo de manzanas verdes en tierra firme; vives de las exportaciones para luego sufrir una asfixia —leve o grave— de la cadena de suministro, acompañada de suciedad en las calles y marchas de protesta contra el capitalismo en su fase terminal... youtu.be/nlPopUb7tm8?si=AYin… ...fenómenos como los chicos y chicas gato (*cat boys* y *cat girls*) y grandes depresiones cuando las importaciones se detienen y vuelves a necesitar manzanas verdes cultivadas localmente —en lugar de importadas— para satisfacer la demanda interna y de exportación. Por lo tanto, la mentalidad correcta es la del productor de manzanas verdes que utiliza las importaciones para conectar el mar con el interior o... youtu.be/IeFJmkA_F-s?si=ZwOf…

"Institution controlled" implies a uniform entity, but for JPMC alone, it's multiple systems, cores, jurisdictions, etc. Same with Citi. Same with any GSIB. Not all internal systems across LOBs settle and fund at the same time. I'm willing to see how it plays out.

I believe BoA is the GSIB most sensitive to rates🤔 This could get interesting 🍿

I have read so many wrong takes on this 👇since yesterday so here are some notes: > the "compete with crypto" is textbook rage bait. there is Crypto the technology and there is Crypto the market. a bank-led tokenized deposit network doesn't compete with neither. in this case, TCH is using blockchain to introduce a new service that will co-exist with other tokenized financial instruments. more tokenized instruments, more competition, more options, better capitalism > it's beyond me that some people find this to be bad news for Crypto. this is great news from every possible angle. it shows that blockchain tech has reached a level of adoption that incumbents can't ignore and a level of maturity that institutions trust > i know that the concept of Stablecoins VS TDs is perfect for the tribal mindset of CT but the surface area of these two competing is smaller than the area where they co-exist, serve different use cases and actually lead to a more competitive financial system > this isn't about better clearing. it's about atomic, composable, programmable settlement that the current rails can't support > the key question here is whether such a GSIB-led network helps small/medium-size banks to stay competitive or continues to undercut them propagating the corresponding banking system. it seems it's the latter hence we need to have a "little banking agenda"

Circle published their 2026 Internet Financial System report in January. Three numbers stand out. CPN - the Circle Payments Network - reached $3.4 billion in annualized volume less than eight months after launch. Arc, Circle's purpose-built blockchain for financial institutions, now has over 100 companies across every region in its testnet. Circle is in active discussions with Globally Systemically Important Banks on custody, treasury, collateral, and settlement. The infrastructure is scaling faster than most teams expected. Here is what the report does not address: what happens when a flow on that infrastructure breaks. $3.4 billion annualized is not a small number. At that scale, every basis point of execution failure has a cost. Every failed flow is a reason code that most teams cannot read. Every dropped transaction is operating signal that most teams cannot act on. Circle built the settlement network. Circle built the rails. Circle is signing the GSIB partnerships. The operating layer - the one that governs what happens inside each flow before it settles - is not part of what Circle ships. That layer has to be built separately. Most teams building on CPN have not started. As your stablecoin volume scales, which part of execution becomes harder to see? circle.com/pressroom/from-st…

My two-step playbook to unearth deep-value Gems. 1. Find a max-hated sector: (all its major players are behind index by a long shot for last 12 months), and this sector will continue to function for any sane mind. 2. Pick a top-tier survivor: Massive scale, fortress balance sheet, steady/smart management Simple principle, not so simple in practice; it takes discipline and temperament to make it work. That's what we do at "Under the Hood". A few: 2022-2023: GSIB banks hated -> we pick $C and $DB 2024: Gold mining nobody cared -> we pick $ARIS 2025:Offshore Drilling left for dead -> we pick $VAL Last month, payments crushed -> we pick $FISV

Here is every stock currently in the ThemesETFs Global Systemically Important Banks ETF $GSIB: Morgan Stanley $MS 4.06% weighting State Street $STT 4.01% Goldman Sachs $GS 3.99% Standard Chartered $SCBFY 3.97% UBS Group $UBS 3.91% Bank of New York Mellon $BNY 3.78% Toronto-Dominion Bank $TD 3.78% ING Groep $ING 3.70% Royal Bank of Canada $RY 3.68% Barclays $BCS 3.67% HSBC Holdings $HSBC 3.66% Mizuho Financial $MFG 3.58% Citigroup $C 3.54% Banco Santander $SAN 3.53% Sumitomo Mitsui Financial $SMFG 3.48% Bank of China 3.43% Mitsubishi UFJ Financial $MUFG 3.43% Societe Generale 3.40% Bank of America $BAC 3.39% Deutsche Bank $DB 3.39% BNP Paribas $BNPQY 3.38% Agricultural Bank of China 3.32% Bank of Communications 3.25% China Construction Bank 3.23% JPMorgan Chase $JPM 3.21% Industrial & Commercial Bank of China $IDCBY 3.15% Credit Agricole 3.15% Wells Fargo $WFC 3.13% Disclosure: @ThemesETFs is a WOLF Financial Partner. This post is for informational purposes only, not investment advice.

Themes ETFs has 17 ETFs covering everything from Gold Miners to Humanoid Robotics Here is a full list of every ETF they currently have: $AGMI Silver Miners ETF $AUMI Gold Miners ETF $BOTT Humanoid Robotics ETF $CLOD Cloud Computing ETF $COPA Copper Miners ETF $CZAR Natural Monopoly ETF $DRGN China Generative Artificial Intelligence ETF $GSIB Global Systemically Important Banks ETF $HWAY US Infrastructure ETF $LGCF US Cash Flow Champions ETF $LIMI Lithium & Battery Metal Miners ETF $NATO Transatlantic Defense ETF $SMCF US Small Cap Cash Flow Champions ETF $SPAM Cybersecurity ETF $URAN Uranium & Nuclear ETF $USRD US R&D Champions ETF $WISE Generative Artificial Intelligence ETF Disclosure: @ThemesETFs is a WOLF Financial Partner. This post is for informational purposes only.

I really do love it when smart people like @greg_ip (or many of my colleagues) wax poetic about the risks stablecoins may present to banking while we are only a few years removed from two of the largest bank failures in US history and a literal GSIB blowing up in Europe. But year, it's a fully reserved highly regulated narrow banks whose liabilities are verifiable on chain that we should worry about.

Coinbase has extended its partnership with Standard Chartered to unlock multi-currency funding rails for institutional clients. As crypto markets have matured, institutions are now running complex strategies across spot, derivatives, and financing, Coinbase said in a blog post. The collaboration aims to enable them to operate across global markets from a single platform. "As institutional participation scales across regions, the ability to move capital efficiently across currencies has become a critical requirement," Coinbase said. "Managing multi-currency portfolios, optimizing FX exposure, and funding positions across markets all require flexible and resilient infrastructure." The integration with the international bank introduces new currency rails across AUD, SGD, CAD, and CHF, as well as GSIB-backed settlement for EUR and GBP, with institutional access available across Coinbase Prime and Coinbase Exchange. Coinbase said this will allow clients to run global trading books without forced FX consolidation, reduce FX drag across strategies, allocate capital more efficiently, and operate on reliable Global Systemically Important Bank infrastructure. However, it noted that the feature is not currently available for Prime Trading clients in the EU. "The direction is clear," Coinbase said. "A system where capital is not constrained by geography, banking hours, or legacy infrastructure." Direct Deposit for US customers Separately on Tuesday, Coinbase relaunched Direct Deposit for U.S. customers, allowing them to automatically allocate a portion of their paycheck into assets such as USDC and other cryptocurrencies, with zero trading fees. The company framed the move as part of its broader push to position Coinbase as an "everything exchange" spanning trading, payments, savings, and onchain financial services.