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FDIC Announces Start of Marketing Process for $33 Billion Commercial Real Estate Loan Portfolio of Former Signature Bank, New York.

FDIC Announces Start of Marketing Process for $33 Billion Commercial Real Estate Loan Portfolio of Former Signature Bank, New York.

TLDRS: * FDIC Announces Start of Marketing Process for $33 Billion Commercial Real Estate Loan Portfolio of Former Signature Bank, New York. * Whatever the difference between the sale of the assets and the ultimate loan number is, will be the amount split up amongst all the remaining banks and applied as

US private funds, Hedge Funds sues securities regulator over new rules. New disclosure rules have hedgies big mad!

US private funds, Hedge Funds sues securities regulator over new rules. New disclosure rules have hedgies big mad!

TLDRS: * New disclosure rules have hedgies big mad * "The final rules will restrict certain other private fund adviser activity that is contrary to the public interest and the protection of investors." * Will require private fund advisers registered with the Commission to provide investors with quarterly statements detailing certain

SEC Alert! SEC Directs Equity Exchanges and FINRA to Improve Governance of Market Data Plans.

SEC Alert! SEC Directs Equity Exchanges and FINRA to Improve Governance of Market Data Plans.

TLDRS: * SEC Directs Equity Exchanges and FINRA to Improve Governance of Market Data Plans. * SEC instructs equity exchanges and the Financial Industry Regulatory Authority (FINRA) to create a new National Market System (NMS) plan. * This new plan will replace the existing three NMS plans that currently govern how real-time, consolidated

Fed, FDIC, Comptroller of Currency & OPEN Comment Alert! Proposed 944 page rule "that would substantially revise the capital requirements applicable to large banking organizations and to banking organizations with significant trading activity."

Fed, FDIC, Comptroller of Currency & OPEN Comment Alert! Proposed 944 page rule "that would substantially revise the capital requirements applicable to large banking organizations and to banking organizations with significant trading activity."

TLDRS: * New proposed 944 page rule "that would substantially revise the capital requirements applicable to large banking organizations and to banking organizations with significant trading activity." * Comments due by 11/30/23. * "Historical experience has demonstrated the impact individual banking organizations can have on the stability of

Liquidity Fairy Alert! Up and up it goes! Bank Term Funding Program usage above $100B for the 13th consecutive week ($107.527B vs $107.386B 8/17).

Liquidity Fairy Alert! Up and up it goes! Bank Term Funding Program usage above $100B for the 13th consecutive week ($107.527B vs $107.386B 8/17).

TLDRS: * Borrowing from the liquidity fairy via BTFP continues to make up for a shrinking M2 and dwindling commercial deposits. * Bank Term Funding Program over $100B for the 13th week in a row ($107.527B) . * Notice how use of the Discount Window has PLUMMETED as BTFP has come in to

In June, the total amount of money owed to finance companies (Consumers, Real Estate, Business) increased 17.7%.

In June, the total amount of money owed to finance companies (Consumers, Real Estate, Business) increased 17.7%.

TLDRS: * In June, the total amount of money owed to finance companies (Consumers, Real Estate, Business) increased 17.7%. * In the first quarter, the interest rate for new car loans was 6.4% with a maturity of 66 months financing $39,066. For used cars, 15.7% with 66 months

Inflation Alert! The Fed's preferred inflation measure continues to rise! Excluding food and energy, the PCE price index increased 4.2 percent from one year ago--still more than DOUBLE the Fed's 2% target. More fuel for rate hikes...

Inflation Alert! The Fed's preferred inflation measure continues to rise! Excluding food and energy, the PCE price index increased 4.2 percent from one year ago--still more than DOUBLE the Fed's 2% target. More fuel for rate hikes...

TLDRS: * The Fed's preferred inflation gauge is still growing... * Reminder, while banks have the liquidity fairy, 'we' get the promise of 2 more rate hikes this year, Atlanta Fed President Raphael Bostic yet again enrichens himself inappropriately from his position. * To fix one end of their