Tag: Banks
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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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On January 18th, 2007, Bear Stearns stock reached an all-time high, valuing it at over $20 billion. Just 14 months later, the company was gone. How it happened is the story of the fascinating book Street Fighters. Cracks in the Facade Bear lacked the polish of a firm like Goldman.…
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+ Banks, Finance, Investing, J.P. Morgan, JPM, Money, Personal finance, Stock Market, Stocks, 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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“There are no buyers for empty office space at any price.” That’s a friend of mine who works in NYC commercial real estate. But landlords aren’t the only ones in deep trouble. I’m writing this post from my living room. Chances are, you’re reading it at home too. That means…
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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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tl,dr: Get out of Credit Suisse. The Swiss bank is suffering severe stress today, with its stock and bond prices plummeting. Depositors and investors are questioning its ability to survive. Get the blog before anyone else…subscribe! The Swiss National Bank has pledged to offer liquidity to CS if necessary, per…
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All modern economies use money. You have to put your money somewhere. Shouldn’t it be safe? Get the blog before anyone else…subscribe! The Federal Reserve thinks it should be, and I couldn’t agree more. Over the weekend, the Fed, Treasury and FDIC acted decisively to stop the banking crisis. From…
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Chinese homebuyers are refusing to pay their mortgages in a boycott that’s spreading across the country. Many fear the homes they’re paying for will never be finished. Now, suppliers to builders are also defaulting on loans. Get the blog before anyone else…subscribe! From ABC News Australia: A fast-growing mortgage boycott…