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Federal Reserve Announces Consent Order against Silvergate Bank: "Silvergate shall continue to fully cooperate with DFPI’s ongoing investigation into Silvergate’s relationship with FTX/Alameda and SEN transactions."

https://www.federalreserve.gov/newsevents/pressreleases/files/enf20230601a1.pdf Interesting, FTX/Alameda called out as the trigger: Effective immediately, the Company and the Bank shall not declare or pay dividends, engage in share repurchases, or make any other capital distribution in respect of common shares, preferred shares, or other capital

Commodity Futures Trading Commission staff advisory: All Derivatives Clearing Organization (“DCO”) Division of Clearing and Risk (“DCR”) Review of Risks Associated with Expansion of DCO Clearing of Digital Assets.

Source: https://www.cftc.gov/csl/23-07/download >Over the past several years, DCR has observed increased interest by DCOs and DCO applicants in expanding the types of products cleared and business lines, clearing models, and services offered by DCOs, including related to digital assets. DCR reminds registrants and

Janet Yellen in letter to congress says Treasury is set to run out of money on June 5th.

Source: https://home.treasury.gov/system/files/136/Debt-Limit-Letter-to-Congress-Members-20230526-McCarthy.pdf >Dear Mr. Speaker: I am writing to follow up on my previous letters regarding the debt limit and to provide additional information regarding the Treasury Department’s ability to continue to finance the operations of the federal government. Since

First Republic Bank acquirer JPMorgan Chase & Co. laid off about 1,000 former First Republic Bank employees today, weeks after its takeover of the failed lender.

sources: 1. https://sfstandard.com/business/first-republic-employees-laid-off-in-brief-scripted-phone-calls/ 2. https://www.marketwatch.com/story/jpmorgan-lays-off-about-1-000-former-first-republic-employees-c2afa328 3. https://www.wicz.com/story/48974110/jpmorgan-is-cutting-about-1000-first-republic-bank-employees 4. https://www.ft.com/content/935fa23a-c295-4ba0-abd5-63fcf9649609 https://sfstandard.com/business/first-republic-employees-laid-off-in-brief-scripted-phone-calls/ REMINDER: A

S&P Global Ratings: “We are entering an EBITDA recession”

Hedge funds record biggest outflows of year in April as investors pull $11.57 billion

Source: https://www.marketwatch.com/story/hedge-funds-record-biggest-outflows-of-year-in-april-as-investors-pull-12-billion-9b8aeae0 Investors pulled $11.57 billion out of hedge funds in April, marking the sector’s biggest month of fund outflows of the year, according to Nasdaq eVestment. The exodus was concentrated in equity hedged funds, where $8.94 billion of funds were removed

Starting 6/27/23 GameStop Pro Members get 5% extra off: all pre-owned products, all collectibles, trading cards, toys & apparel, all clearance, All GME brand products (no gift cards), all GME Product protection plans in-store.

You can get a 1 year membership for $14.99 today or $25 starting 6/27/2 3 Reddit Post