August 14, 2023
“…The number of active China-focused hedge funds has slipped for the first time since at least 2012, with only five new funds launched this year as of June, according to data from Preqin Ltd. Another 18 funds were liquidated, the… Continue Reading…
July 27, 2023
“Shares of Banc of California and PacWest Bancorp got a major boost from news Tuesday that the two lenders will merge in an all-stock deal to create a new bank. PacWest shares surged 31.3% to $10.10 apiece in after-hours trade after news… Continue Reading…
July 20, 2023
“Wheat prices rose on Thursday after Russia threatened to treat ships heading for Ukrainian ports as military cargo carriers, deepening fears of a global food security crisis. It marks the third consecutive day of price rises. The most actively traded… Continue Reading…
July 5, 2023
“JP Morgan Chase has said there is a risk that the Bank of England will have to push interest rates as high as 7pc and trigger a “hard landing” in the economy to quell inflation….” https://finance.yahoo.com/news/bank-england-considers-clampdown-foreign-063037616.html Guess what? If inflation… Continue Reading…
July 5, 2023
“A legendary investor whose expertise lies in major stock crashes says the market is heading towards a burst bubble, akin to the crises seen in 1929 and 2000… Grantham, estimated to be worth $1 billion himself, previously estimated an 85% likelihood… Continue Reading…
June 23, 2023
“The mortgage crisis will wipe out the savings of 1.2m families this year and push many into insolvency, economists have warned. Households having to remortgage face their bills rising by nearly 50pc, according to the National Institute of Economic and Social Research… Continue Reading…
June 13, 2023
“…Investors should be wary of the ongoing stocks rally because it doesn’t reflect looming economic risks, and is reminiscent of the months that led up to the 2008 financial crisis, according to JPMorgan Asset Management’s chief investment officer. Bob Michele told… Continue Reading…
May 12, 2023
“Large U.S. lenders will bear most of the cost of replenishing a deposit insurance fund that was drained of $16 billion by the collapse of Silicon Valley Bank and two other lenders, although mid-sized banks will also be on the… Continue Reading…
May 4, 2023
“Federal Reserve Chair Jerome Powell said Wednesday that the seizure of First Republic was “an important step toward drawing a line under” turmoil in the banking system. Within two hours the stock of another troubled regional lender was down more… Continue Reading…
May 4, 2023
“PacWest Bancorp said core deposits have increased since March and confirmed it’s in talks with several potential investors, seeking to calm markets after a 60% stock rout that made it the new focal point of concern over the health of… Continue Reading…
Recent Comments