Credit spreads have room for increase

High bond volatility amidst banking crisis suggests that corporate credit spreads remain too tight and may widen significantly in line with the MOVE Index movement. What are your thoughts on this? High #bond #volatility amidst banking crisis suggests that corporate …

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If you look at Deutsche Bank’s balance sheet things look pretty similar to Credit Suisse before failure

by Pengufen Deutsche Bank balance sheet: https://investor-relations.db.com/files/documents/annual-reports/2023/Annual-Financial-Statements-of-Deutsche-Bank-AG-2022.pdf Credit Suisse balance sheet: https://www.credit-suisse.com/about-us/en/reports-research/annual-reports.html (2022 Consolidated financial statement) Most of their assets are illiquid and their reserve and cash on hand balance has shrunk by about 50% from a year ago. The same thing happened to …

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Say hello to Humza Yousaf, Scotland’s new leader.

Humza Yousaf announced as new Scottish National Party leader replacing Nicola Sturgeon https://news.sky.com/story/humza-yousaf-announced-as-new-scottish-national-party-leader-replacing-nicola-sturgeon-12843363 Say hello to Humza Yousaf, Scotland’s new leader. pic.twitter.com/xkssDerMho — Ian Miles Cheong (@ianmiles) March 27, 2023 First London, now Scotland. Farewell Scotland, you’re finished now. h/t …

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CFTC Sues Binance

by Chris Black FYI Binance is world’s biggest centralized exchange for crypto and they have a strict KYC policy. Exactly who is being hurt by crypto companies?? Who are they protecting with all these SEC actions? Oh wait… criminals hate …

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A bank (First Citizens) that has been on a steady decline since October of 2022 buys the assets of a failed bank (Silicon Valley) and the stock price for the purchasing bank goes up $250 (43%). This story gets crazier by the minute.

by BuzzMonkey “It took Mr. Gruenberg’s agency roughly two weeks to find a buyer for parts of the bank, and FDIC agreed to give Raleigh, N.C.-based First Citizens a $16.5 billion discount on $72 billion in loans and a pledge …

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Bear Stearns failed in March 2008. It wasn’t until September that Lehman Brothers and AIG failed, marking a full-blown crisis. This may feel like a train wreck in slow motion.

by dbc13543 Back in 2008 the first massive sign of distress appeared in mid-March with the fall of Bear Stearns. While many other dominoes fell in 2008 after the failure of Bear Stearns, there wasn’t a full-blown crash and crisis …

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