Bankruptcy
It’s Gonna Be An 8 Cup Of Coffee Type Of Day
By Peter Tchir of Academy Securities If the morning headlines are any indication, it is going to take a lot of coffee to make it through a long day at the end of a long […]
Bankruptcy
Bankruptcy
UBS Agrees to Buy Rival Credit Suisse
By Andrew Ross Sorkin, Michael J. de la Merced and Maureen Farrell Andrew Ross Sorkin, Michael de la Merced and Maureen Farrell cover global finance from New York and London. UBS has agreed to buy Credit Suisse, its beleaguered […]
Aljazeera International
US banking giants pledge $30bn to prop up First Republic Bank
The largest banks in the United States have moved to shore up First Republic Bank in an effort to ease fears that the regional lender could be the next domino to fall after the second-largest […]
Bankruptcy
Timeline: How US gov’t scrambled as Silicon Valley Bank collapsed
The United States government launched emergency measures at the weekend to shore up confidence in the banking system after the failure of Silicon Valley Bank (SVB), the largest bank collapse since the 2008 financial crisis. […]
Bankruptcy
Daily Energy Standup Episode #81-Government bonds are the new toxic Security – China to host major Middle East summit – Banking in an instant can impact runs
Daily Standup Top Stories WAVE OF NEW LNG EXPORT PLANTS THREATENS TO KNOCK GAS PRICES March 14, 2023 Mariel Alumit HOUSTON, March 14 – A flood of liquefied natural gas (LNG) export projects due online […]
Bankruptcy
Regulators close crypto-focused Signature Bank, citing systemic risk
U.S. regulators on Sunday shut down New York-based Signature Bank, a big lender in the crypto industry, in a bid to prevent the spreading banking crisis. “We are also announcing a similar systemic risk exception for […]
Bankruptcy
Record Bank Run Drained A Quarter, Or $42BN, Of SVB’s Deposits In Hours, Leaving It With Negative $1BN In Cash
For much of the day, anyone doing analysis on the now-liquidated Silicon Valley Bank was confined to using stale financial data as of Dec. 31… we certainly were when analyzing the impact of SVB’s contagion […]
Bankruptcy
VC Funds See “Mass Extinction Event” For Startups In 2023: “It Will Make The Financial Crisis Look Quaint”
Leading venture capital players are predicting a “mass extinction event” for early- and mid-stage startups that will make the global fiscal collapse in 2008 “look quaint” by comparison. According to Globest, a new survey has […]
Bankruptcy
Economists Warn Americans Recession Is Coming
Authored by Jack Phillips via The Epoch Times, Two top economists said that despite contrary predictions, a recession will likely hit the United States in the near future. “Some economists argue that the strength of […]
Bankruptcy
Massive Hedge Fund, Also Known As Swiss National Bank, Suffers Colossal $143 Billion Loss In 2022
The last time we looked at the massive money-printing (literally) hedge fund that also moonlights as the Swiss National Bank, we were stunned to learn that its US equity holdings had exploded to a record […]