Independent thinking for complex markets and current events
Capital One said it will buy Discover Financial Services DFS -0.21%decrease; red down pointing triangle for more than $35 billion, a deal that will marry two of the largest credit-card companies in the U.S. Under the terms of the all-stock deal, Discover shareholders are set to receive 1.0192 Capital One shares for each Discover share, …
Over $3 BILLION flowed from US venture capital firms to China to aid military and spy capabilities: Bombshell House report reveals how American dollars are ‘subsidizing’ CCP’s ‘malign’ regime The report states that U.S. venture capitalist companies have helped ‘build and strengthen’ China’s authoritarian regime U.S. venture capital is financing the ‘production of weapons systems …
They keep kicking the can in that lawsuit – and they have been for 2 years. Each time that they kick the can, the costs goes up. Just like the US…banks are stuffed with these loans. The crap has hit the fan in China.When rates start going up again in the US…don't be shocked with …
by j_stars The Japanese yen is poised to break out against other major currencies, as bond yields in Japan are set to surge. This could reduce the financing of US markets by Japanese investors, and put downward pressure on the dollar. Fed Repo Facility Sinks Below $1 Trillion as Bills Stand Out (Bloomberg) — The …
by SurveillanceBalloon I recently read this article written by a former Capital One product manager, and thought this subreddit might find it interesting: https://newrepublic.com/article/155212/worked-capital-one-five-years-justified-piling-debt-poor-customers It’s a pretty quick read, but has a few interesting anecdotes and explanations of things like Cap1’s proactive increase strategy with the goal of getting users to carry balances and pay …
by myironlung6 Gather round for some Big Short, Margin Call level shit… The goal of this post isn’t to accuse any financial firm or Nvidia of breaking any laws because we all know our existing laws let the big dogs do whatever the fuck they want with zero consequences. It’s to start figuring out whether we’re …
“Chinese stocks rebounded on Monday morning after Beijing unveiled a raft of measures meant to halt their nearly monthlong slide. But the rally proved to be short-lived as foreign investors used it as an opportunity to unload $1.1 billion of mainland Chinese equities, according to Bloomberg data. ” https://finance.yahoo.com/news/billions-dollars-flowing-chinese-markets-213851348.html
by DesmondMilesDant Only a few months left before this thing blows up. This chart shows the total loan assets funded by FHLB at $348,731,000. This is in contrast to Schwab’s current available assets at $325,993,000. To put context to how critical the situation is for Schwab, the only bank overextended to this degree was …
by Dismal-Jellyfish https://www.finra.org/sites/default/files/fda_documents/2020067139101%20Instinet%2C%20LLC%2C%20CRD%207897%20AWC%20gg.pdf STILL NOT COMPLETE!!! Wut Mean?: Instinet was mandated to start reporting order data to the CAT Central Repository from June 22, 2020. Instinet hired a third-party vendor for CAT reporting, but their internal data specifications were inadequate for proper CAT-format reporting. In June 2020, Instinet informed FINRA that they foresaw CAT reporting …
by Dismal-Jellyfish Source: https://www.marketwatch.com/story/silvergate-capital-ceo-alan-lane-to-exit-as-crypto-bank-winds-down-c5f5c698 Silvergate Capital Chief Executive Alan Lane and other executives are leaving the company amid the wind down and liquidation of Silvergate Bank. Lane and Chief Legal Officer John Bonino will both leave, effective Tuesday. Chief Financial Officer Antonio Martino will exit, effective Sept. 30. The company said in a securities filing that it …
Young people meet up on Oxford street to commit criminal acts in broad daylight. This is how little they fear the law in our capital city. It’s a pity Sadiq Khan hasn’t found a way to charge £12.50 to stop lawlessness in London. https://t.co/xVHV2gWkTq — Chris Rose (@ArchRose90) August 9, 2023 A large number of …
Sources in the Niger National Guard are claiming that Elements of the French Military have launched an Attack on their Forces near the Capital City of Niamey leading to the “High Alert” which has now been Ordered; however there is No Evidence that is has occurred and a statement… — OSINTdefender (@sentdefender) August 9, 2023 …
🚨🇫🇷 France has announced CODE RED travel advisories for the capital cities of 🇧🇫 Burkina Faso, 🇳🇪 Niger, and 🇲🇱 Mali. Macron knows something we don't… pic.twitter.com/AJ1Eb0qkIV — Jackson Hinkle 🇺🇸 (@jacksonhinklle) August 7, 2023 BREAKING: France freezes all aid to Burkina Faso 🇫🇷🇧🇫 pic.twitter.com/J7geqVtHz6 — Jackson Hinkle 🇺🇸 (@jacksonhinklle) August 7, 2023 🚨🇳🇪🇲🇱🇷🇺 Wagner …
🇳🇪 THOUSANDS are gathered in Niger's capital city to support the LIBERATION of Africa from France. pic.twitter.com/ev4VTKBIGU — Jackson Hinkle 🇺🇸 (@jacksonhinklle) August 6, 2023 The man on the left seeks to overthrow the men on the right in a French-financed proxy war in West Africa. pic.twitter.com/X73l3nNYvo — Jackson Hinkle 🇺🇸 (@jacksonhinklle) August 6, 2023
via dnyuz: Well, that didn’t take long. Like Threads before it, the network effect is at work for Apple’s new Savings account! Tech. Entertainment. Science. Your inbox. Sign up for the most interesting tech & entertainment news out there. Email: SIGN UP By signing up, I agree to the Terms of Use and have reviewed the Privacy Notice. …
by Dismal-Jellyfish Source: https://www.federalreserve.gov/publications/files/large-bank-capital-requirements-20230727.pdf Wut mean?: Following its stress test earlier this year, the Federal Reserve Board today announced the individual capital requirements for all large banks, effective on October 1. Large bank capital requirements are in part determined by the Board’s stress test results, which provide a risk-sensitive and forward-looking assessment of capital needs. The …
by Dismal-Jellyfish https://www.dtcc.com/-/media/Files/pdf/2023/7/11/GOV1510-23.pdf https://www.dtcc.com/-/media/Files/pdf/2023/7/11/MBS1248-23.pdf https://www.dtcc.com/-/media/Files/pdf/2023/7/11/18775-23.pdf https://www.dtcc.com/-/media/Files/pdf/2023/7/11/a9319.pdf https://www.dtcc.com/-/media/Files/pdf/2023/7/11/a9319.pdf Wut mean? The National Securities Clearing Corporation (NSCC), along with the Depository Trust Company (DTC) and the Fixed Income Clearing Corporation (FICC), are increasing their minimum capital requirements for members. These changes were proposed in December 2021 and approved by the U.S. Securities and Exchange Commission (SEC) in …
by Dismal-Jellyfish Fed Vice Chair for Supervision Michael S. Barr Proposes Major Banking Regulation Overhaul. Proposed changes aim to make banks more cautious in lending and trading practices by requiring them to hold more capital & wouldn’t be able to use their own models for certain hard-to-model market risks. Source: https://www.federalreserve.gov/newsevents/speech/barr20230710a.htm Highlights: Barr’s speech gets …
All 23 US banks that participated in a new Federal Reserve stress test would be able to withstand a severe global recession, demonstrating the strength of the biggest financial institutions at a time when the banking industry still is on uncertain ground. Results released by the Fed Wednesday show that these banks would have enough …
by Dismal-Jellyfish Source: https://www.fdic.gov/news/speeches/2023/spjun2223.html TLDRS: After the 2008 financial crisis, banks were found to be undercapitalized and over-leveraged, leading to a complete overhaul of capital requirements through a set of rules known as Basel III. The aim was to ensure banks held enough capital to weather economic storms. However, Basel III is not yet complete, with …
by Surfing_T_Waves This seems way overdue for an adjustment.. I looked up the conversion and $3000 from 1978 is worth about $14,000 today. Just something I noticed for the first time and wanted to share. 45 years without any changes. Anyone know of any ways we can push for this limit to be raised? I …
Us Banks Report Biggest Capital Outflow in 40 Years According to the report, US banks lost $472 billion in deposits during the January-March period, marking the fourth consecutive quarter of industry outflows. The decline was primarily from uninsured funds, the FDIC said, noting that insured deposits actually increased by $255.1 billion, or 2.5%, amid the …