NYC says the banks failed to submit plans to root out discrimination NYC says the banks failed to submit plans to root out discrimination. Live updates for free at https://t.co/NZ42mMeaYO — unusual_whales (@unusual_whales) May 25, 2023 Either NYC will retract …
Amazing how fast the House majority abandoned the bigger dividend today. That issue seems to have just died. $35 million goes a long way! #akleg — The Alaska Landmine (@alaskalandmine) May 19, 2023 They didn’t fix the oil taxes, they …
by BoatSurfer600 American Bankers Association CEO Rob Nichols joins Yahoo Finance Live to discuss banking turmoil, the state of the U.S. banking sector, PacWest Bancorp, and the outlook for the SEC. Video Transcript JULIE HYMAN: Our next guest says despite volatility, …
Harmony Biosciences is a cesspool of a company where prior executives went to prison for unrelated scams. In fact, Martin Shkreli even once said that he got the idea for his own prescription drug scam from them. But Mr. Shkreli …
by Dismal-Jellyfish This is starting to come up in corporate media and expect it to make its way here next as more folks are digging into: https://www.barrons.com/articles/credit-suisse-s-coco-bonds-how-17-bn-disappeared-6283ee5f https://www.reuters.com/markets/rates-bonds/redemption-delay-fears-send-yields-european-banks-coco-bonds-spiking-2023-03-17/ https://www.marketwatch.com/story/the-275-billion-bank-convertible-bond-market-thrown-into-turmoil-after-credit-suisses-securities-wiped-out-3cf8e295 https://www.ft.com/content/b5cd8ff0-4c0e-418c-8e4b-dda1d00fa5a7 https://www.washingtonpost.com/business/2023/03/20/why-credit-suisse-coco-bonds-are-causing-anxiety-quicktake/b50cd2a4-c729-11ed-9cc5-a58a4f6d84cd_story.html https://www.marketwatch.com/story/what-are-cocos-and-why-are-credit-suisses-now-worth-zero-634a65e5 https://www.wsj.com/articles/credit-suisse-bond-wipeout-threatens-250-billion-market-10be7d04 Contingent Convertible Capital Instruments (CoCos) AKA Additional Tier …
President Joe Biden’s proposed capital gains tax increase could result in an effective tax rate of over 100 percent after adjusting for inflation, according to estimates by economist Arthur Laffer, a former adviser to Ronald Reagan. The increase would more …
That’s all fine until there’s a bank run. Then they might need to reclassify them as AFS and sell at a loss to meet the withdrawals, which was supposedly likely to happen at SVB before FDIC took over. They already …
The Federal Reserve is technically bankrupt. In 2023 the Fed will post its first annual operating loss of $80 billion since 1915. It will have a negative capital of $38B. This loss does not count the $1.3 trillion unrealized loss …
via aljazeera: United States President Joe Biden will call on Congress to impose a 25 percent minimum tax on billionaires as part of a series of proposed tax hikes on wealthy individuals and corporations, according to a US media report. Biden’s …
by Dismal-Jellyfish Good afternoon, resident jellyfish here! I hope everyone is enjoying a great Thursday. I want to take a minute to discuss a graph I am sure is going to catch some folks attention pulled from today’s H.4.1 release: https://fred.stlouisfed.org/series/RESPPLLOPNWW …
Protesters in Georgia's capital Tbilisi have broken the barriers at the main entrance to the Georgian parliament. pic.twitter.com/OMgE4xhHhQ — Faytuks News (@Faytuks) March 7, 2023 The people are protesting a law that would require any organisations receiving more than 20% …
Trans Lives Matter stormed and occupied the Oklahoma capital today https://t.co/iKd0D1wFz1 — Jack Posobiec (@JackPosobiec) February 7, 2023 Oklahoma Wants to Ban All Gender-Affirming Care h/t A Deplorable Neanderthal
by Dismal-Jellyfish Good evening, jellyfish here! I hope everyone is enjoying a wonderful rest of the evening and an awesome start of the weekend. I want to take a minute to discuss a graph I am sure is going to …
Silvergate received $4.3 billion from the Federal Home Loan Bank of San Francisco late last year, company filings show. The billions in liquidity provided by the FHLB in the fourth quarter alone helped La Jolla, Calif.,-based Silvergate stave off a …
by mark000 HAHAHA……… US central planning committee setting ALL IMPORTANT rate is just a bunch of theater . This only applies to setting the FF rate, still need em to (attempt to, so far successfully each time) bail out the …
🚨 BREAKING 🚨 CRYPTO GIANT GENESIS SUSPENDS WITHDRAWALS, ORIGINATIONS IN LENDING BUSINESS — GURGAVIN (@gurgavin) November 16, 2022 Genesis’ Crypto-Lending Unit Is Halting Customer Withdrawals in Wake of FTX Collapse The unit, known as Genesis Global Capital, serves an institutional …
https://twitter.com/UKR_Report/status/1588223019624927232 Country wide protests which are spreading like wild fire. The assassination attempt on Imran Khan has shocked the country and situation at very places have become sensitive. Please stay safe. #isbtoday #islamabad pic.twitter.com/J8cqsQzYfR — Islamabad Today (@isb_today) November 3, …
by Dangerous Times Russia rains missiles on Kyiv, other cities after Sevastopol attack pulling out of grain deal The following regions and cities hit: – Kiev – Dnepropetrovsk – Vinnitsa – Zaporozhye – Poltava – Kharkiv – Kirovograd Attacks on …
This is what your Nation's Capital has become under Joe Biden pic.twitter.com/GL8Vcq6Meb — Benny Johnson (@bennyjohnson) October 4, 2022
(ZeroHedge) Progressives in top city leadership positions have helped transform New Orleans into the murder capital of America. WSJ reported the Louisiana city on the Mississippi River, near the Gulf of Mexico, recorded the highest homicide rate of any major …
by Martin Armstrong COMMENT: Dear Marty, I was trying to wire money from my bank account in Italy to the one in the UK, just to realise that I can no longer transfer more than 6,000EUR per month. The Soviet EUSSR …
by laflammaster Looks like this news has hit the MSM One of the most prominent crypto hedge funds just defaulted on a $670 million loan (cnbc.com) Crypto broker Voyager Digital issues default notice to Three Arrows Capital (reuters.com)
by laflammaster https://occ.gov/publications-and-resources/publications/quarterly-report-on-bank-trading-and-derivatives-activities/files/pub-derivatives-quarterly-qtr1-2022.pdf You can find more here: https://occ.gov/publications-and-resources/publications/index-publications.html#tab-accordion-wrpr3
It's notable the degree to which these concerns were aired out in FOMC discussions and briefing memos during QE3 in 2012-13. Powell in 2012: "We’re going to be paying billions of dollars of interest to our largest financial institutions and …
by Dismal-Jellyfish Source (pdf)
by Martin Armstrong Our models have confirmed that Biden’s sanctions against all Russians have undeniably destroyed the global economy unfortunately precisely on time from its birth in 1950. Our capital flow models have confirmed that there has been an unprecedented …
High-frequency data detected large portfolio outflows from Chinese stocks and bonds, even as flows to other emerging markets held up, the IIF wrote in a report Thursday. “Outflows from China on the scale and intensity we are seeing are unprecedented, …
KYIV, Ukraine (AP) — Russian troops bore down on Ukraine’s capital Friday, with gunfire and explosions resonating ever closer to the government quarter, in an invasion of a democratic country that has fueled fears of wider war in Europe and …
by ShimonAzar If you sold stock or mutual funds at a loss, you can use the loss to offset capital gains you had from similar sales. If the net amount of all your gains and losses is a loss, you …
President Biden’s nominee to be the vice chair for supervision at the Federal Reserve is emerging as a fresh target for Senate Banking Committee Republicans after they blocked Saule Omarova’s nomination to be the comptroller of the currency last year. …