Reading between the lines of what they are saying and comparing it to their actions (14 CLOSED door meetings so far this year), is the SEC preparing to take action behind closed doors?
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Catching up: BTFP usage explodes & program end date announced, credit card debt jumps 17.7% in November, $28 million to whistleblowers, Uyeda new term, Korea punishes illegal short selling, GameStop NFT Project update, and much more!
Hello and Happy New Year, I hope you and yours had a happy, safe, and healthy holiday season!
For me, I was able to go away on holiday for the first time in half a decade plus and it was fantastic--great to be able to unplug and recharge in warmth
DTC received notification from Deutsche Bank Trust Company America, the MMI issuing/paying agent for OVERSEA-CHINESE BANKIN (OVR*), Deutsche refuses to pay maturity presentments for this issuerโs institutional certificate of deposit.
* Certificates of Deposit (CDs) are time-bound deposit accounts held at banks that typically offer a fixed interest rate in return for keeping the money deposited for a set period.
* Deutsche Bank Trust Company America is acting as an MMI (Money Market Instrument) issuing/paying agent.
* As a paying agent, it
New bank failure incoming? FDIC held a CLOSED meeting at 3:12 pm yesterday to consider matters related to the Corporationโs supervision, corporate, and resolution activities.
Back in July a similar meeting was held before it was announced Heartland Tri-State Bank of Elkhart, Kansas, was closed.
Things that make you go hmmm...
TLDRS:
* FDIC held a CLOSED meeting yesterday about resolution matters that the public interest did not require consideration of the matters in a meeting