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Hedgies r Fuk: "We also note that, since the data ending date of May 9th, 2023, when this note was drafted, hedge fund short futures positions have continued to rise"

Hedgies r Fuk: "We also note that, since the data ending date of May 9th, 2023, when this note was drafted, hedge fund short futures positions have continued to rise"

"Should these positions represent basis trades, sustained large exposures by hedge funds present a financial stability vulnerability" Source: https://www.federalreserve.gov/econres/notes/feds-notes/recent-developments-in-hedge-funds-treasury-futures-and-repo-positions-20230830.html During 2018 and 2019, when hedge fund cash-futures basis trades positions were large, sponsored repo borrowing likely constituted a small percentage

Whistleblower Alert! SEC issues a whistleblower award of approximately $1.5 million and a whistleblower award of $600,000. Meaning the potential total fine paid was between $7 million and $21 million based on the whistleblowers information.

Whistleblower Alert! SEC issues a whistleblower award of approximately $1.5 million and a whistleblower award of $600,000. Meaning the potential total fine paid was between $7 million and $21 million based on the whistleblowers information.

https://www.sec.gov/files/rules/other/2023/34-98235.pdf https://www.sec.gov/files/rules/other/2023/34-98236.pdf TLDRS: * SEC issues a whistleblower award of approximately $1.5 and a whistleblower award of $600,000. * Meaning the potential total fine paid was between $7 million and $21 million

Bank fail Friday incoming? FDIC announces meeting that occurred yesterday to consider, among other things 'resolution activities'. Last time this happened (7/27), Heartland Bank failed (7/28). Bank Fail Friday coming up?

Bank fail Friday incoming? FDIC announces meeting that occurred yesterday to consider, among other things 'resolution activities'. Last time this happened (7/27), Heartland Bank failed (7/28). Bank Fail Friday coming up?

https://public-inspection.federalregister.gov/2023-18988.pdf Previous Instance: FDIC Alert! Sunshine meeting notice for meting that the public interest did not require consideration of & already occurred today at 11:16a.m., & considered supervision, corporate, and RESOLUTION activities, with the paperwork for the meeting that already occurred, filed today

Azher Abassi, the Federal Reserve’s Executive Vice President Supervision + Credit and head of bank supervision in San Francisco, which had oversight of Silicon Valley Bank and First Republic, will retire effective October 31st.

His replacement starts October 1st. Sources: https://www.bloomberg.com/news/articles/2023-08-28/san-francisco-fed-supervision-chief-leaving-after-bank-failures#xj4y7vzkg https://www.reuters.com/article/usa-fed-san-francisco-supervision/san-francisco-feds-chief-of-supervision-to-retire-idINL4N3A99O8 https://www.marketwatch.com/story/san-francisco-feds-head-of-bank-supervision-to-retire-in-wake-of-silicon-valley-banks-collapse-43122a2c Interesting bits: Abbasi and San Francisco Fed President

CFTC requests public comment for the proposed renewal of collection of information for the 'Disclosure and Retention of Certain Information Relating to Cleared Swaps Customer Collateral'.

CFTC requests public comment for the proposed renewal of collection of information for the 'Disclosure and Retention of Certain Information Relating to Cleared Swaps Customer Collateral'.

Source: https://public-inspection.federalregister.gov/2023-18592.pdf What is being collected: * Section 22.2(g) requires each FCM with Cleared Swaps Customer Accounts to compute daily the amount of Cleared Swaps Customer Collateral on deposit in Cleared Swaps Customer Accounts, the amount of such collateral required to be on deposit

Credit Suisse posted $4 billion loss in second quarter, Sonntagszeitung reports, which cited insiders at the bank.

Credit Suisse posted $4 billion loss in second quarter, Sonntagszeitung reports, which cited insiders at the bank.

Source: https://www.reuters.com/business/finance/credit-suisse-posted-4-billion-loss-2q-sonntagszeitung-2023-08-27/ Other Coverage: https://www.theglobeandmail.com/business/article-credit-suisse-posted-us4-billion-loss-in-second-quarter-media-reports/ https://ca.sports.yahoo.com/news/credit-suisse-posted-4-billion-120917398.html TLDRS: * Credit Suisse supposedly posted $4 billion loss in second quarter. * Those Archegos bags getting heavy? Reddit Post

$49 billion withdrawn from commercial banks last week (8/9-8/16). $863 billion in deposits has been pulled since the all time hit 4/13/22. It looks like the bank run is picking back up?

$49 billion withdrawn from commercial banks last week (8/9-8/16). $863 billion in deposits has been pulled since the all time hit 4/13/22. It looks like the bank run is picking back up?

https://fred.stlouisfed.org/series/DPSACBW027SBOG https://www.federalreserve.gov/releases/h8/20230825/ A tad over a year ago (4/13/2022) the high was hit at $18,158.3536 billion DateDeposits, All Commercial Banks (billions)Down from all time high (billions)4/13/2022$18,15802/22/2023 (Run