firms Archives - Page 3 of 3 - Citizen Watch Report

The cost of borrowing has increased significantly, and small firms are feeling the heat. Small businesses facing tough times with rising bankruptcies.

October 2, 2023 7:37 pmOctober 2, 2023 6:55 pm

It's hard to see a case for interest rate cuts returning anytime soon. However, we continue to believe that rates will PAUSE for longer. Inflation to 2% remains the Fed's number one objective right now. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) October 2, 2023 As I've …

SEC collects Wall Street’s private messages as WhatsApp probe escalates. The firms include Carlyle Group, Apollo Global Management, KKR & Co, TPG, and Blackstone, as well as some hedge funds, including Citadel

September 25, 2023 7:23 pm

https://web.archive.org/web/20230925112719/https://www.reuters.com/technology/sec-collects-wall-streets-private-messages-whatsapp-probe-escalates-sources-2023-09-25/ NEW YORK, Sept 25 (Reuters) – The U.S. securities regulator has collected thousands of staff messages from more than a dozen major investment companies, escalating its probe into Wall Street’s use of private messaging apps, said four people with direct knowledge of the matter. Previously, the Securities and Exchange Commission (SEC) had asked the …

Moody’s revises outlook on four Chinese real estate firms to ‘negative’.

September 21, 2023 5:34 pm

RATINGS agency Moody’s on Thursday (Sep 21) revised its outlook on four Chinese real estate firms to “negative” from “stable”, as the country’s property sector reels from mounting debt. The agency’s action comes just a week after it revised the outlook on the country’s crisis-hit property sector to “negative”, citing growth-related challenges. The outlook change …

SEC Charges 11 Wall Street Firms with Widespread Recordkeeping Failures and agreed to pay combined penalties of $289 million. Wedbush Securities, Houlihan Lokey, SMBC Nikko, SG Americas, Moelis, Wells Fargo, Mizuho, BMO, BNP Paribas

August 8, 2023 10:48 am

by Dismal-Jellyfish SEC Order – Wedbush Securities Inc SEC Order – Houlihan Lokey Capital Inc. SEC Order – SMBC Nikko Securities America Inc. SEC Order – SG Americas Securities LLC Moelis & Company LLC Wells Fargo Securities LLC, Wells Fargo Clearing Services LLC, and Wells Fargo … Mizuho Securities USA LLC BMO Capital Markets Corp. …

Troubling times for U.S. firms! In H1 2023, 340 companies filed for bankruptcy, hitting a 13-year high. Economic challenges continue to impact businesses.

July 29, 2023 9:47 pm

In the first half of 2023, 340 U.S. firms filed for bankruptcy, setting a new 13-year high, per CNBC: pic.twitter.com/O0LPgwa4VP — unusual_whales (@unusual_whales) July 29, 2023

The revolving door between the Financial Services Committee and lobbying firms is crazy

July 26, 2023 9:07 am

Robinhood has spent $1.3M lobbying on “issues related to market infrastructure” over the last year. Their lobbyists worked for the House Financial Services Committee as recently as 2019. The revolving door between the Financial Services Committee and lobbying firms is crazy: pic.twitter.com/9YDbLhQfRs — Quiver Quantitative (@QuiverQuant) July 25, 2023

US firms filed for bankruptcy in Q1 2023, reaching 13-year high.

July 17, 2023 10:10 am

In the first half of 2023, 340 U.S. firms filed for bankruptcy, setting a new 13-year high, per CNBC: pic.twitter.com/KAUdnYdZRD — unusual_whales (@unusual_whales) July 16, 2023

What happens to firms that don’t generate enough revenue to cover interest payments when they are unable to refinance their junk in a recession?

June 28, 2023 9:25 am

Weekly data for corporate bankruptcy filings has started to meaningfully deteriorate in recent weeks: Apollo’s Torsten Slok 🤔 What happens to firms that don't generate enough $ to cover interest payments, when they are unable to refinance their junk in recession?https://t.co/YfZkZuxK9E — Eventually Consistent Capital (@EventuallyCC) June 28, 2023 https://twitter.com/EventuallyCC/status/1673764995996471299 The yield curve invertoooor Yield …

The share of nonfinancial firms in financial distress has reached a level that is higher than during most previous tightening episodes since the 1970s

June 25, 2023 7:53 amJune 23, 2023 10:26 pm

by Dismal-Jellyfish Source: https://www.federalreserve.gov/econres/notes/feds-notes/distressed-firms-and-the-large-effects-of-monetary-policy-tightenings-20230623.html TLDRS: Since March 2022, U.S. monetary policy has become tighter. More businesses are financially distressed now than in previous instances of tightening since the ’70s. Studies suggest that these conditions could lead to significant declines in investment and jobs in the near future. The theory is that when monetary policy gets tougher, …

The bank branch bloodbath continues! Major firms will axe up to 20 locations in a SINGLE state this summer – A SIGN OF THINGS TO COME

June 11, 2023 5:23 pmJune 9, 2023 9:38 pm

via dailymail.co.uk: Major banks are set to axe up to 20 branches in a single state this summer, as companies push digital banking services. New York residents will see Capital One, Citizens Bank and JPMorgan Chase close their doors in the next three months, making it more difficult for customers to access basic banking services. …

FBI shielded two firms tied to Chinese Communist regime.

June 4, 2023 9:37 pm

In October 2022, Konnech CEO Eugene Yu was arrested in Michigan in connection with “theft of personal data.” The alleged stolen data belonged to poll workers and was the subject of TrueTheVote’s “PIT” in Arizona last August, where Catherine Engelbrecht and Gregg Phillips singled out the Michigan based company. During the PIT conference, Phillips and …

Law firms are readying for class action lawsuits against publicly traded companies that went WOKE and caused shareholders losses

June 4, 2023 9:36 pm

“… America First Legal is preparing to sue Anheuser-Busch, as well as several other big-name brands, for allegedly tanking their shareholder value through their Pride Month promotions that triggered outrage and boycotts. On Tuesday, America First Legal called on anyone whose shares in LGBT product-promoting companies lost value to reach out to them to join …