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Multifamily Investment Came To A Halt Long Before Bank Fails
Friday, March 17, 2023 - 9:55am | 605The failed Silicon Valley and Signature banks both showed commercial real estate (CRE) holdings on their books, generating concern from the sector. But some believe there’s no need to worry now — even though that calm comes from the pain of Federal Reserve interest-rate hikes and...
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Elon Musk Reacts As Bill Ackman Flags First Republic's Risk Spreading To Largest Banks: '...Astounding'
Friday, March 17, 2023 - 3:59am | 674The banking crisis continues to play out, with skeletons continuing to tumble out of the closet. First Republic Bank (NYSE: FRC) announced after the close that it would receive $30 billion in uninsured deposits from a slew of bigger banks and suspend its dividend. Hedge fund manager Bill Ackman...
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Silicon Valley Bank Merch Hits Ebay And Etsy: Yeti Mugs, Picnic Set, Ugly Sweaters And More Up For Sale
Thursday, March 16, 2023 - 1:37pm | 1540A search on eBay Inc (NASDAQ: EBAY) shows 130 results for “Silicon Valley Bank,” the regional bank that was recently shut down and taken over by the FDIC. The bank, a unit of SVB Financial Group (NASDAQ: SIVB), is now the subject of a rush from collectors for authentic merchandise and...
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Regulator Knew Days Before SVB Collapse That $620 Billion In Losses Lurked In Financial System
Thursday, March 16, 2023 - 12:34pm | 330FDIC chairman Martin Gruenberg recently outlined the risk of banks holding unrealized losses before Silicon Valley Bank collapsed. At the Institution of International Bankers on March 6, Gruenberg stated that there were more than $600 billion in unrealized losses held by banks at the year-end of...
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Amid Banking Crisis, This Regional Bank Is Scheduled To Pay A Whopping $28/Share Dividend This Month
Thursday, March 16, 2023 - 11:19am | 401Even as the banking industry continues to witness uncertainties in the wake of the SVB Financial Group's (NASDAQ:SIVB) Silicon Valley Bank and New York-based Signature Bank closures as well as troubles at Swiss lender Credit Suisse Group AG (NYSE:CS), California-based Farmers And Merchants Bank of...
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After Sparking Collapse In Credit Suisse Shares, Saudi National Bank Says Panic 'Unwarranted:' What Has Changed In 24 Hours
Thursday, March 16, 2023 - 5:05am | 521Credit Suisse Group AG’s (NYSE: CS) biggest investor, the Saudi National Bank, sent the Swiss investment bank’s shares tumbling on Wednesday. The Middle east bank now seems to be on a damage control exercise. What Happened: Saudi National Bank’s Chairman Ammar Al Khudairy has...
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Fed Money Printing To Go Overboard? JPMorgan Sees $2T Infusion Into Banking System Amid Central Bank's Move To Shore Up Liquidity
Thursday, March 16, 2023 - 4:48am | 448The government’s move to backstop deposits at failed banks helped sanity return to the financial markets. A section of the economists sees the mitigatory measures resulting in the unintended consequence of fanning inflationary pressure, equating the rescue plan to quantitative easing. What...
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Biden Administration 'Reacted Brilliantly' To Silicon Valley Bank Collapse, Venture Capitalist Says
Wednesday, March 15, 2023 - 4:42pm | 403Covenant Venture Capital Chief Investment Strategist Karl Douglas joined Benzinga Live Tuesday to discuss the fallout from Silicon Valley Bank’s collapse and said the Biden Administration’s response was “brilliant.” Last week, Silicon Valley Bank failed to...
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Regional, Big U.S. And Global Banks Shake From SVB Collapse On Wednesday
Wednesday, March 15, 2023 - 2:35pm | 656Bank stocks have been suffering since the collapse last week of SVB Financial Group (NASDAQ:SIVB), also known as Silicon Valley Bank. The entire banking sector became affected by the fall of America's 16th largest lender. While the impact is global, the U.S. banking sector continues to...
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A 'Cash Incinerating Project' Is Now Paying 14% Yield, If You Have The Stomach For It
Wednesday, March 15, 2023 - 12:44pm | 391Sunrun Inc. (NASDAQ: RUN) has recently come under investor scrutiny for its ties to Silicon Valley Bank, which was taken over by regulators amid a collapse last week. Pessimistic observers have labeled the company a “cash-incinerating science project.” Sunrun's bonds are now...
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Roblox Secures $150M Government Funding After Silicon Valley Bank's Collapse
Wednesday, March 15, 2023 - 12:35pm | 398Silicon Valley Bank (NASDAQ: SIVB), one of the leading banks for startups and tech companies, recently experienced a massive bank run when panicked investors tried to withdraw their money en masse. The bank, which had roughly $209 billion in assets on its balance sheet, saw approximately $175.4...
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Jim Cramer Predicts Bitcoin's Imminent Demise — Will His Record For Getting It Wrong Continue?
Wednesday, March 15, 2023 - 9:41am | 362Jim Cramer called Bitcoin (CRYPTO: BTC) a "strange animal" and suggested that it is being "manipulated up". Despite a 12% increase in the largest digital currency over the last 24 hours, Cramer argued that there is no clear use case for Bitcoin. Cramer's remarks followed the...
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Dogecoin Co-Founder Takes A Dig At 'Shark Tank' Star: 'O'Leary Still Thinks FTX Is A Good Investment'
Wednesday, March 15, 2023 - 7:31am | 462Two days after "Shark Tank" star Kevin O'Leary declared he wouldn't invest in bank stocks in response to the failure of Silicon Valley Bank, Dogecoin (CRYPTO: DOGE) co-founder Billy Markus fired back a mocking retort. What Happened: Markus, popularly known as “...
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Why This Money Manager Thinks Fed's SVB Rescue Plan Could Lead To 'Much Larger' Problems
Wednesday, March 15, 2023 - 1:21am | 456As the Street debates the ramification of the SVB Financial Group (NASDAQ: SIVB)-owned Silicon Valley Bank’s collapse and the government’s rescue, one analyst reasoned that the solution for the problem could result in an incomplete resolution. What Happened: The Fed stepping in to...
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State Governor And Presidential Hopeful Didn't Disclose Ties To Silicon Valley Bank: What Investors Should Know
Tuesday, March 14, 2023 - 5:58pm | 800The collapse of several major U.S. banks has been among the biggest subject on investors minds since last week. The story also attracted attention from the community outside of stocks and finance due to the impact it could have on the economy and companies involved. A new report links a state...