Dismal's Smacks

🌙 ☀️

Sign in Subscribe

dismal-jellyfish

dismal-jellyfish

July FOMC: "Various participants commented on risks that could affect some banks, including unrealized losses on assets resulting from rising interest rates, significant reliance on uninsured deposits, and increased funding costs."

July FOMC: "Various participants commented on risks that could affect some banks, including unrealized losses on assets resulting from rising interest rates, significant reliance on uninsured deposits, and increased funding costs."

Source: https://www.federalreserve.gov/monetarypolicy/fomcminutes20230726.htm Developments in Financial Markets and Open Market Operations: The manager turned first to a review of developments in financial markets over the intermeeting period. Market participants interpreted data releases as generally demonstrating economic resilience and a further easing of inflation pressures. The

Inflation Alert! New York Fed Business Survey (New York State, northern New Jersey and southwestern Connecticut): "Employment continued to increase slightly, and wage growth picked up.

Inflation Alert! New York Fed Business Survey (New York State, northern New Jersey and southwestern Connecticut): "Employment continued to increase slightly, and wage growth picked up.

The pace of price increases was somewhat higher than last month". Inflation is not slowing down! Wages and Prices expected to continue rising over the next 6 months. TLDRS: * New York Federal Reserve Bank's August 2023 Business Leaders Survey shows the region's (New York, southern

An affiliate of Ken Griffin’s Citadel has acquired roughly $485 million in Yellow Corp. debt previously owned by Apollo Global Management Inc. & other senior lenders to the bankrupt trucking firm

An affiliate of Ken Griffin’s Citadel has acquired roughly $485 million in Yellow Corp. debt previously owned by Apollo Global Management Inc. & other senior lenders to the bankrupt trucking firm

Paywall: https://www.bloomberg.com/news/articles/2023-08-15/citadel-acquires-yellow-debt-owned-by-apollo-other-lenders An affiliate of Ken Griffin’s Citadel has acquired roughly $485 million in Yellow Corp. debt previously owned by Apollo Global Management Inc. and other senior lenders to the bankrupt trucking firm, according to a person familiar with the matter. The

Silvergate Capital CEO Alan Lane to Exit as Crypto Bank Winds Down. Reminder, Citadel Securities is the owner of roughly 1.73 million shares or a 5.5% stake in Silvergate.

Silvergate Capital CEO Alan Lane to Exit as Crypto Bank Winds Down. Reminder, Citadel Securities is the owner of roughly 1.73 million shares or a 5.5% stake in Silvergate.

Source: https://www.marketwatch.com/story/silvergate-capital-ceo-alan-lane-to-exit-as-crypto-bank-winds-down-c5f5c698 Also: Silvergate Capital announces departures of CEO, CFO, legal chief Citadel 13G discloses new 5.5% stake in Silvergate Capital. Citadel Securities is now the owner of roughly 1.73 million shares or a 5.5% stake in Silvergate, valued at $25 million

"The proposed Debt Issuance would provide DTC with an additional source of default liquidity, which would allow it to diversify its sources of default liquidity"

"The proposed Debt Issuance would provide DTC with an additional source of default liquidity, which would allow it to diversify its sources of default liquidity"

"The proposed Debt Issuance would provide DTC with an additional source of default liquidity, which would allow it to diversify its sources of default liquidity and mitigate risks to DTC that it is unable to secure default liquidity resources in an amount necessary to meet its liquidity needs."

Sam Bankman-Fried used money he stole from customers of his FTX cryptocurrency exchange to make than $100 million in political campaign contributions before the 2022 U.S. midterm elections, federal prosecutors said on Monday.

Sam Bankman-Fried used money he stole from customers of his FTX cryptocurrency exchange to make than $100 million in political campaign contributions before the 2022 U.S. midterm elections, federal prosecutors said on Monday.

Source: https://www.reuters.com/article/idUSL6N39V0EO TLDRS: * Sam Bankman-Fried used money he stole from customers of his FTX cryptocurrency exchange to make than $100 million in political campaign contributions before the 2022 U.S. midterm elections, federal prosecutors said on Monday. * “He leveraged this influence, in turn, to lobby

UBS has reached an agreement with the United States Department of Justice (DOJ) to settle a legacy matter from 2006-2007, related to the issuance, underwriting and sale of residential mortgage-backed securities (RMBS). UBS will pay $1.435 billion

UBS has reached an agreement with the United States Department of Justice (DOJ) to settle a legacy matter from 2006-2007, related to the issuance, underwriting and sale of residential mortgage-backed securities (RMBS). UBS will pay $1.435 billion

https://www.ubs.com/global/en/investor-relations/press-releases/overview-news-display-ndp/en-20230814-rmbs.html? UBS has reached an agreement with the United States Department of Justice (DOJ) to settle a legacy matter from 2006-2007, related to the issuance, underwriting and sale of residential mortgage-backed securities (RMBS). Under the terms of the settlement, UBS