Dismal's Smacks

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Office of Financial Research Alert! Digital Currency May Increase Household Welfare, Lower Volatility but Pose Risks to Banks.

Source: https://www.financialresearch.gov/the-ofr-blog/2023/03/22/digital-currency-may-increase-uousehold-welfare/ According to a recent working paper published by the Office of Financial Research, banking-sector stability may suffer, yet household welfare may improve should a digital currency be fully integrated into the financial system. In Digital Currency and Banking-Sector Stability, the

DTC Alert! Corporate Actions Service Updates, Service Updates: USD-Denominated Perpetual Tier 1 Capital Notes of Credit Suisse Group AG. These Credit Suisse's $17 billion in Contingent Convertible Capital Instruments (CoCo) bonds going through the process

Source: https://www.dtcc.com/-/media/Files/pdf/2023/3/21/18299-23.pdf Contingent Convertible Capital Instruments (CoCos) AKA Additional Tier 1 (AT1) bonds a $250-$275 billion market of Tier1 credit (the goldest of gold standard) thrown into turmoil by Credit Suisse: First, academia has questions: https://onlinelibrary.

Commodity Futures Trading Commission (CFTC) Alert! CFTC finally revokes registrations of Allianz Global Investors US LLC.

who 10 months ago was charged by the SEC for a fraudulent scheme that led pension funds for teachers, clergy, engineers, and other Americans to lose billions of dollars. Source: https://www.cftc.gov/PressRoom/PressReleases/8678-23 The Commodity Futures Trading Commission today announced it has filed a Notice of

DTC Underwriting Alert! Section 3 (c) (7) restrictions for owners of the following issue: CITADEL FINANCE LLC

Credit Suisse watches ~$17billion in Tier 1 Contingent Convertible Capital Instruments (CoCo) bonds become worthless. What are Contingent Convertible Capital Instruments (CoCo) bonds? More details inside.

This is starting to come up in corporate media and expect it to make its way here next as more folks are digging into: https://www.barrons.com/articles/credit-suisse-s-coco-bonds-how-17-bn-disappeared-6283ee5f https://www.reuters.com/markets/rates-bonds/redemption-delay-fears-send-yields-european-banks-coco-bonds-spiking-2023-03-17/ https://www.marketwatch.com/story/the-275-billion-bank-convertible-bond-market-thrown-into-turmoil-after-credit-suisses-securities-wiped-out-3cf8e295 https://www

This is not a 'bailout'! A review of the tools the Fed is leveraging ($308.063 Billion so far as of 3/15) while attempting to navigate the current environment.

Good morning Superstonk, resident jellyfish back with you! I hope everyone had a great weekend. Seeing as yesterday saw coordinated central bank action to enhance the provision of U.S. dollar liquidity, I thought it would be useful to review these tools at the Fed's disposal as they

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