Dismal's Smacks

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Fed Governor Michelle W. Bowman: "The banks that recently failed were unique in their operations and business models. These failures alone do not justify layering on inefficient and overly complex supervision on a broad range of other banks."

Source: https://www.federalreserve.gov/newsevents/speech/bowman20230519a.htm Considerations for Revisions to the Bank Regulatory Framework Governor Michelle W. Bowman At the Texas Bankers Association Annual Convention, San Antonio, Texas Highlights: * Regulators already have a comprehensive toolkit at their disposal to encourage issue resolution, and frankly, we need to

SEC Alert! Mellissa Campbell Duru Named Division of Corporation Finance’s Deputy Director for Legal and Regulatory Policy.

Ms. Duru said, "I look forward to our work ahead and developing data-driven and pragmatic policies and rule recommendations to the Commission." Source: https://www.sec.gov/news/press-release/2023-96 The Securities and Exchange Commission today announced that Mellissa Campbell Duru has been named Deputy Director for Legal

SEC Chair Gary Gensler: "Though I’m not suggesting that such individual funds areas large as today's largest banks, as noted in the Federal Reserve’s recent Financial Stability Report, the largest hedge funds by gross asset value have at times on..."

SEC Chair Gary Gensler: "Though I’m not suggesting that such individual funds areas large as today's largest banks, as noted in the Federal Reserve’s recent Financial Stability Report, the largest hedge funds by gross asset value have at times on average exceeded 20-to-1 leverage."

Federal Deposit Insurance Corporation (FDIC) Alert! FDIC is seeking PUBLIC comment on the proposed rule that would impose special assessments to recover the loss to the Deposit Insurance Fund arising from the protection of uninsured depositors

Federal Deposit Insurance Corporation (FDIC) Alert! FDIC is seeking PUBLIC comment on the proposed rule that would impose special assessments to recover the loss to the Deposit Insurance Fund arising from the protection of uninsured depositors in connection with SVB & Signature Bank--$15.8 billion. Source: https://public-inspection.federalregister.

Morgan Stanley's James Gorman to step down within the next twelve months.

https://www.axios.com/2023/05/19/morgan-stanley-james-gorman: Morgan Stanley CEO James Gorman will relinquish his title as CEO, and transition to the role of executive chairman within a year. Why it matters: Gorman's forthcoming departure from the powerhouse in investment banking and deals comes at a pivotal

SEC Alert! Special filing with Federal Register: SEC submits notice for the 22nd CLOSED door meeting this year via the Sunshine Act for 2:00 p.m. on Thursday, May 25, 2023.

Resolution of litigation claims and Other matters relating to examinations and enforcement proceedings to be considered https://public-inspection.federalregister.gov/2023-10972.pdf CLOSED door meetings 2023: Meeting NumberDate225/25215/18205/11195/4184/27174/20164/13154/6143/30133/23123/16113/9103/292/2382/1672/962/251/2641/1931/1221/911/5

Inflation Alert! April 2023 Rental Report: The median asking rent was $1,734, up by $4 from last month and down by $43 from the peak but still $348 (25.1%) higher than the same time in 2019 (pre-pandemic).

Source: https://www.realtor.com/research/april-2023-rent/ In April 2023, the U.S. rental market experienced single-digit growth for the ninth month in a row after fifteen months of slowing from a high of 16.4% growth in January 2022. Median rent across the top 50 metros was up just