Dismal's Smacks

🌙 ☀️

Sign in Subscribe

dismal-jellyfish

dismal-jellyfish

FDIC Extends Bid Window For Silicon Valley Bridge Bank, N.A. Agency Will Continue to Operate the Bridge Bank while Exploring Strategic Options. Nobody wants these bags?

Source: https://www.fdic.gov/news/press-releases/2023/pr23022.html The Federal Deposit Insurance Corporation (FDIC) has extended the bidding process for Silicon Valley Bridge Bank, National Association, Santa Clara, California. There has been substantial interest from multiple parties, and the FDIC and the bidders need more time to explore

Federal Reserve Alert! Coordinated central bank action to enhance the provision of U.S. dollar liquidity

Source: https://www.federalreserve.gov/newsevents/pressreleases/monetary20230319a.htm The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to enhance the provision of liquidity via the standing U.S.

Statement by Secretary of the Treasury Janet L. Yellen and Federal Reserve Board Chair Jerome H. Powell

Bank Run Underway? Updated commercial bank deposit data shows $54.1738 Billion in deposits removed. Last week saw it going from $17.64t to $17.61t (-$30b)--$80+ Billion removed from deposits in the last two weeks!

It gets even more interesting! 1 year ago: 3/16: 18,073.5395 Billion. High was hit 4/13/2022: 18,130.6814 Billion. Over half a trillion in deposits pulled in the last year! Board of Governors of the Federal Reserve System (US), Deposits, All Commercial Banks [DPSACBW027SBOG], retrieved

SEC Alert! Paul Munter now Chief Accountant continues his efforts to throw auditors under the bus in statement 'Responsibilities of Lead Auditors to Conduct High-Quality Audits When Involving Other Auditors'.

Is the SEC setting the stage to point the finger at auditors? Good afternoon and Happy Friday Superstonk! One sign folks are looking for is the big players to 'turn on each other' when the music has stopped. Another sign (that I believe and am curious in) is

Federal Reserve Alert! Advanced Notice of a Meeting under Expedited Procedures: A CLOSED meeting of the Board of Governors of the Federal Reserve System will be held under expedited procedures at 10:00 a.m. on March 21, 2023.

Source: https://www.federalreserve.gov/aboutthefed/boardmeetings/20230321closed.htm Reddit Post

Some Credit Suisse counterparties put curbs on new dealings involving lender

Source: https://www.investing.com/news/stock-market-news/exclusivesome-credit-suisse-counterparties-put-curbs-on-new-dealings-involving-lender-sources-3033666 Reddit Post