Tag: Banking
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“I have just informed the purchasing department that they should no longer purchase paper clips. All of us receive documents every day with paper clips on them. If we save these paper clips, not only will we have enough for our own use, but we will also, in a short…
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+ Banking, Banks, Finance, Investing, Investment Banking, Management, Money, Tech, Venture Capital, Wall street, Warren Buffett+
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“It was like 24,992 people making dough and 8 losing it.” On September 15 2008, Lehman Brothers filed for bankruptcy. It was the largest bankruptcy in American history at the time. Larry McDonald had a front row seat. In the book A Colossal Failure of Common Sense, the former Lehman…
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+ Banking, Economics, Economy, Finance, Investing, Lehman, Markets, Money, Stock Market, Venture Capital, Wall street+
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Shares of New York Community Bank are plummeting, down 24% today so far. NYCB is in serious trouble, but it’s highly unlikely to spark another banking crisis. The stock is tanking because NYCB discovered “material weaknesses” in tracking loan risks and replaced its CEO late last night. It’s been a…
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+ Banking, Banks, Finance, Investing, Money, New York, New York City, NYC, NYCB, Startups, Stock Market, Stocks, Tech, Venture Capital+
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Is Deutsche Bank the next Credit Suisse? Traders think so today as they dump the stock and rush to protect bond holdings. Get the blog before anyone else…subscribe! From a new report in Bloomberg: Deutsche Bank AG became the latest focus of the banking turmoil in Europe as ongoing concern…
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+ Business+ Banking, Banks, DB, Deutsche Bank, Europe, Finance, Germany, Investing, Money, Stock Market, Stocks, Tech, Wall street+
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As March began, hedge funds placed one of their biggest bets of all time. It may be their undoing. Get the blog before anyone else…subscribe! Traders placed the largest bet in history on increasing short term interest rates. But as a banking crisis spreads, rates may fall, exposing them to…
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+ Business+ Banking, Banks, Bond Market, Bonds, Fed, Federal Reserve, Finance, Hedge funds, Interest rates, Investing, Money, Stock Market, Stocks+
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Top executives dumped shares in First Republic bank this year, shortly before its near collapse and rescue. These sales were not part of pre-announced plans. Get the blog before anyone else…subscribe! From The Wall Street Journal: Top executives of First Republic Bank sold millions of dollars of company stock in…
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+ Banking, Banks, Finance, First Republic, First Republic Bank, Investing, Markets, Money, Startups, Stocks, Tech, Venture Capital+
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A massive Chinese property developer is teetering on the edge of bankruptcy, roiling markets worldwide today: Worries about spreading contagion from troubles in China’s property market sent U.S. stocks toward their steepest declines in months on Monday. The retreat came amid concerns over property developer China Evergrande Group. Market participants…
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Ten billion dollar hedge fund Archegos Capital Management is imploding, causing banks to frantically sell its portfolio to stem further losses: One mystery in a dramatic year on Wall Street has been the identity of a trader whose persistent purchases have sent shares in ViacomCBS Inc., Discovery Inc. and a…
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