After Signature Bank Deal, FDIC Is Left With $11 Billion in Toxic Waste Loans
submitted 2 Hours ago in Finance
(Bloomberg) -- Signature Bank’s partial takeover by a competitor is notable for what it doesn’t include: $11 billion of loans against a class of New York City apartments whose values have tumbled in recent years.Most Read from BloombergBomb Threat Cal...
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submitted 8 Hours ago in Finance
The Fed and other central banks want to bring down inflation at all costs. Is it worth it?
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submitted 13 Hours ago in Finance
Mad Money or a mad call?
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Vanguard Says Retirees Can Add at Least $100k to Retirement Savings By Doing This
submitted 2 Days ago in Finance
Approximately 80% of all Americans aged 60 and older are homeowners, and housing wealth accounts for about 48% of the median wealth of that group. As retirees near large cities, and strong housing markets, start retiring, they realize they can … Continu...
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What Wall Street is saying about UBS buying Credit Suisse
submitted 2 Days ago in Finance
Wall Street largely sees positive signs while digesting the historic deal.
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The banking crisis creates two new questions for investors: Morning Brief
submitted 2 Days ago in Finance
A fork in the road for investors during all this banking turmoil.
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Morgan Stanley StrategistSays Bank Stress Signals Bear Market End
submitted 2 Days ago in Finance
(Bloomberg) -- Morgan Stanley’s Michael Wilson said the stress in the banking system marks what’s likely to be a painful and “vicious” start of an end to the bear market in US stocks.Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion...
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HSBC Tumbles in Hong Kong as AT1 Debt Selloff Weighs on Banks
submitted 2 Days ago in Finance
(Bloomberg) -- Shares of European banks traded in Asia tumbled Monday, as investors weighed a collapse in the value of additional tier 1 bonds issued by lenders following the terms of the Credit Suisse Group AG’s rescue.Most Read from BloombergUBS to Bu...
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Wipeout of Risky Credit Suisse Bonds Upends $275 Billion Market
submitted 2 Days ago in Finance
(Bloomberg) -- Among the biggest losers in the shotgun sale of Credit Suisse Group AG are investors in the firm’s riskiest bonds, known as AT1s, worth $17 billion. Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit...
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US Banks on Bumpy Path as First Republics Troubles Deepen
submitted 2 Days ago in Finance
(Bloomberg) -- Just weeks ago, they were bit players in the giant US banking system. Now, a handful of regional lenders are at the heart of a crisis that’s shaken the country and engaged the likes of Warren Buffett and Jamie Dimon. Most Read from Bloomb...
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The One Big Winner and Many Losers of UBSs Credit Suisse Rescue
submitted 2 Days ago in Finance
(Bloomberg) -- UBS Group AG is emerging as a rare winner in Credit Suisse Group AG’s crisis after a historic, government-brokered deal that contains a raft of financial shock absorbers. Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion De...
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After UBS buys Credit Suisse, here's where investors may focus next
submitted 2 Days ago in Finance
The crisis rolls right along, explains this strategist.
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Close to 190 banks could face Silicon Valley Bank's fate, according to a new study
submitted 2 Days ago in Finance
The Fed's aggressive interest rate hikes have eroded the value of bank assets such as government bonds and mortgage-backed securities.
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Fed decision, banking fallout, and Credit Suisse: What to know this week
submitted 3 Days ago in Finance
The Federal Reserve's latest policy decision will come Wednesday afternoon as investors have endured what have been two of the most turbulent weeks for the financial sector since the 2008 crisis.
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How a 44-year-old built up enough fk you money to retire early: Its not just avoid avocado toast
submitted 3 Days ago in Finance
Charmagne Chi joined the FIRE movement two years ago to pursue her passions. Her advice: Question every financial decision.
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Swiss to hold news conference amid Credit Suisse troubles
submitted 3 Days ago in Finance
Swiss leaders are holding a news conference Sunday night following several media reports that banking giant UBS is believed to be in talks to acquire its smaller rival Credit Suisse in an effort to avoid further market-shaking turmoil in global banking. ...
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submitted 3 Days ago in Finance
Tough times aren’t over, but opportunities abound.
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Credit Suisse Said to Push Back Against UBSs $1 Billion Offer
submitted 3 Days ago in Finance
(Bloomberg) -- Most Read from BloombergWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Talks Extend Into Sunday as Markets Await DealCredit Suisse’s First Boston Plan in Doubt Amid Crisis TalksUBS Offers to Buy Credit Suisse for...
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Unknown Unknowns: No Weekend for Traders as Bank Woes Deepen
submitted 3 Days ago in Finance
(Bloomberg) -- 6 a.m. wake-up calls. Cancelled tennis dates. Anxious check-ins on bond prices while walking the dog.Most Read from BloombergWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Talks Extend Into Sunday as Markets Await ...
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Fed to Consider a Pause as Fallout From SVB Roils Markets
submitted 3 Days ago in Finance
(Bloomberg) -- Federal Reserve officials face their biggest challenge in months as they weigh whether to keep raising interest rates this week to cool inflation, or take a pause amid the market turmoil fueled by recent bank failures.Most Read from Bloombe...
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Sharon Stone: I lost half my fortune in banking crisis
submitted 3 Days ago in Finance
As one of Hollywood’s most famous femme fatales, Sharon Stone has regularly played the part of the glamorous and seductive woman who lures unsuspecting men to rack and ruin.
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Thousands of City jobs at risk amid race for Credit Suisse rescue
submitted 3 Days ago in Finance
Thousands of jobs are set to be lost in the City as regulators race to rescue one of the world's biggest banks before markets open on Monday morning.
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submitted 3 Days ago in Finance
Turns out wealth isn't always health.
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Warren Buffett in Contact With Biden Officials on Banking Crisis
submitted 3 Days ago in Finance
(Bloomberg) -- Berkshire Hathaway Inc.’s Warren Buffett has been in touch with senior officials in President Joe Biden’s administration in recent days as the regional banking crisis unfolds.Most Read from BloombergCredit Suisse Crisis Nears Finale as ...
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submitted 3 Days ago in Finance
Jordan might sell the Charlotte Hornets to a consortium co-led by Gabe Plotkin, whose Melvin Capital lost big in the pandemic's meme-stock frenzy.
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submitted 4 Days ago in Finance
The FDIC is still trying to sell the bank, which is having trouble finding a buyer.
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Yellen Trashes GOP Plan to Prioritize Debt Payments
submitted 5 Days ago in Finance
Appearing before the Senate Finance Committee Thursday, Treasury Secretary Janet Yellen said in no uncertain terms that she does not think a Republican proposal for the U.S. to prioritize its debt payments in the event of a default is viable. The U.S. bum...
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submitted 5 Days ago in Finance
Is the government doing more harm than good?
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submitted 5 Days ago in Finance
Savvy investors can win on their trades whether the market goes up or down, and no one knows this better than Michael Burry. Burry, whose successes in profiting from the financial crisis of 2008 were featured in the book and film The Big Short, has turned...
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First Republic Shares Resume Slide as Investors Assess Aid
submitted 5 Days ago in Finance
(Bloomberg) -- First Republic Bank shares fell again on Friday, set for their worst week ever, as sentiment around the lender remained fragile even after proposals for $30 billion of aid from Wall Street’s biggest banks.Most Read from BloombergSchwab Cl...
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