Dismal's Smacks

🌙 ☀️

Sign in Subscribe

Latest

Total household debt rose by $109 billion to reach $17.80 trillion.

NY Fed Q2 Report on Household Debt & Credit: Total household debt rose by $109 billion to reach $17.80 trillion. Auto & credit card delinquency rates remain elevated.

The Federal Reserve Bank of New York’s Center for Microeconomic Data released its Quarterly Report on Household Debt and Credit for Q2, revealing a $109 billion (0.6%) increase in total household debt in Q2 2024, reaching $17.80 trillion. Key Findings: * Mortgage balances rose by $77 billion to

"Current economic conditions at home and abroad appear to be reaching an inflection point"

FSC Chairman holds meeting and emphasizes importance of comprehensive efforts to manage debt risks: "Current economic conditions at home and abroad appear to be reaching an inflection point"

Today, Financial Services Commission (FSC) Chairman Kim Byoung Hwan held a meeting with macroeconomic and financial market experts to review and manage financial risks. key takeaways from the meeting include: * Evaluating financial risks in four areas: household debt, real estate project finance, small business debt, and the soundness of the

Office of Financial Research (OFR) unveils new hedge fund monitor for Public use

Office of Financial Research (OFR) unveils new hedge fund monitor for Public use

Today, the Office of Financial Research (OFR) introduced the Hedge Fund Monitor, an interactive data visualization tool designed to make aggregated data on hedge fund activities more accessible to the public. This tool, available for public use, allows users to download data through an application programming interface (API). Key Features:

Banks at the 90th percentile in securities losses replaced 26 cents of every dollar of outflows with BTFP borrowing

Fed Paper: Banks at the 90th percentile in securities losses replaced 26 cents of every dollar of outflows with BTFP borrowing, compared to only 7 cents on average.

Fed report highlights BTFP's role in March 2023 crisis, with banks in the 90th percentile for securities losses replacing 26 cents per dollar.

HEADER: CHASING THE UK DIGITISATION TASKFORCE

🇬🇧 Chasing the UK Digitisation Taskforce - A New Hope.

The UK are modernising the shareholding framework, and household investors want in on the action. Will the new government succeed in championing our inclusion where the previous one failed?

Whistleblower Alert! The SEC awards whistleblower more than $37 million

Whistleblower Alert! The SEC awards whistleblower more than $37 million, meaning the fine levied ranged between $123,333,333 and $370,000,000 dollars.

The Securities and Exchange Commission (SEC) announced today a substantial award of more than $37 million to a whistleblower whose information and assistance were pivotal in a successful enforcement action. The whistleblower's internal reporting prompted their employer to conduct an investigation and self-report the findings to the SEC,

SEC Complaint against Andrew Left

SEC Complaint against Andrew Left: "did not provide for the purpose of concealing that he was receiving over $1 million from a hedge fund in exchange for Citron Research publishing certain reports and tweets."

The Securities and Exchange Commission (SEC) announced charges today against activist short seller Andrew Left and his firm, Citron Capital LLC, accusing them of a multi-year scheme to defraud followers by publishing false and misleading stock trading recommendations, netting $20 million in profits. According to the SEC's complaint,