Workers pass a Credit Suisse Group AG bank branch in Geneva, Switzerland, on Thursday, Sept. 1, 2022. Jose Cendon | Bloomberg | Getty Images Credit Suisse on Thursday announced that it will delay the ...
Tag: Credit
Marathon Ends Credit Facilities with Silvergate, Prepays Loan
Marathon Digital, a leading Bitcoin miner, cuts ties with Silvergate Bank in the latest development aired on March 09. This development came at a time when Silvergate Capital Corporation (the parent c...
Marathon Digital terminates credit facilities with Silvergate Bank
Bitcoin mining firm Marathon Digital has paid off its term loan and terminated its credit facilities with crypto-friendly Silvergate Bank, just as the bank announced it will be winding down operations...
Marathon says it has repaid Silvergate loan, terminated credit facility
Ad Marathon Digital said that it has repaid a term loan and terminated its credit facilities with Silvergate Bank, according to a press release published on March 8. Marathon reduces debt, strengthens...
Marathon ends its credit facilities with Silvergate, prepays loan
Bitcoin miner Marathon Digital Holdings said it repaid its term loan and ended its credit facilities with liquidating Silvergate Bank, reducing its debt by $50 million. “We have been actively ...
Bitcoin Miner Marathon Digital Terminates Credit Facility With Crypto Bank Silvergate
Marathon said that on March 8, the term loan prepayment was completed, and the company’s credit facilities with Silvergate Bank were terminated, reducing its debt by $50 million, according to a statem...
Fed says interest rates poised to go ‘higher than previously anticipated.’ Here’s a simple way to profit from that
Fed Chair Jerome Powell testified before the Senate Banking, Housing and Urban Affairs Committee on Tuesday. mandel ngan/Agence France-Presse/Getty Images As part of the continued effort to reduce inf...
Powell’s comments slammed markets. Here’s what one bank sees for stocks, bonds.
The market really took Federal Reserve Chair Jerome Powell’s words at face value on Tuesday. Short-term yields rose, and the stock market slumped, with this comment: recent data suggest “the ultimate ...
68% of Americans couldn’t cover their living expenses for even a month if they lost their job, survey finds. The good news? Now is the best time in years to fix that.
The median amount of cash saved by Americans under the age of 35, not including retirement funds, was just $3,240 last year, according to government data. istock Recession — and layoff — fears loom la...
Traders Burned by Stock Losses Are Pouring Billions Into Credit
(Bloomberg) — As stock markets take another pummeling, more traders are hiding out in credit markets. Most Read from Bloomberg They’re finding refuge in top-quality bonds, especially short-term ...
Is it the new Credit Suisse?
Adidas (ETR: ADS) share price pulled back on Wednesday amid rising concerns about the company. The firm slashed its dividend and warned of a tough road ahead toward recovery. It dropped to a low of €1...
Grayscale Bitcoin Fund Soars as Judges Sound Skeptical of SEC’s Arguments on ETF
Grayscale Investments for years has fruitlessly sought to convert its flagship product—the world’s largest Bitcoin fund at $14 billion—into an exchange-traded fund, most recently suing the Securities ...
In a ‘Real World’ of Credit, Money Is Never Remotely ‘Free’
A recent opinion piece referenced a time in the not-too-distant past when money was “virtually free.” This was before Fed Chairman Powell supposedly brought “real world” to the cost of credit. Readers...
The Future of Credit Suisse is Doubtful: Harris Associates
Credit Suisse has been abandoned by one of its shareholders, Harris Associates. Harris Associates divested its entire stake in the financial institution after observing continuous losses and clients’ ...
Opinion: Powell will have to push rates even higher for the Fed to get inflation to 2%
Inflation is proving tougher to curb than Federal Reserve Chairman Powell anticipated, and despite indicators that a recession could be coming, consumers and businesses apparently haven’t gotten the m...
Embattled Swiss Banking Giant Credit Suisse Loses One of Its Major Backers
Zurich-based financial powerhouse Credit Suisse plans to improve its operational outlook after losing one of its biggest backers. Credit Suisse recently lost one of its most significant backers after...
Why the stock-market rally can keep going, says Morgan Stanley strategist who only recently warned of a death zone
On the heels of last week’s losing-streak breaking rally, investors look headed for the sidelines on Monday. Apart from an underwhelming growth forecast from China over the weekend that’s knocking oil...
Silvergate downgraded to underperform at Wedbush on prospects for liquidation after its shuts down its exchange network
Silvergate Capital Corp. SI, +0.87% stock fell 9.7% in premarket trades Monday after the company announced it’s shutting down its crypto currency payments network called the Silvergate Exchange Networ...
‘I’m losing over $1,100 each quarter due to fees.’ I’m in safe investments during this downturn, yet I’m still losing a lot of money from adviser fees. What should I do?
Question: I’m in a money market fund that I thought would protect my investment during these downturn times, but I’m losing over $1,100 each quarter due to fees to manage my money. What should I do? A...
Comedian Dax Shepard says you should ‘clean up’ this part of your finances. Pros say it’s an easy way to save thousands
Armchair Expert host, actor and comedian Dax Shepard may be worth $40 million, but he hasn’t forgotten how to save. Getty Images Actor and comedian Dax Shepard has a long list of accolades that includ...
The 6% CD has arrived. Should you bite?
Getty Images/iStockphoto Thanks to rapidly rising interest rates, many reputable banks and credit unions are now offering certificates of deposit with impressive rates above 4%. And in at least two ca...
The loss of a major shareholder delivers another blow to Credit Suisse
Stakes are changing hands. Once Credit Suisse’s largest shareholder, Harris Associates no longer holds any stock in the Swiss bank, which warned of losses for this year and witnessed unprecedented cli...
Top Shareholder Sold Out of Credit Suisse Over the Past 3 to 4 months
(Bloomberg) — Harris Associates stock picker David Herro sold the firm’s entire stake in Credit Suisse Group AG, ending ties with the bank after about two decades of ownership and piling further...
Credit Suisse stock rude wake-up call as challenges remain
Credit Suisse (NYSE: CS) stock price remains under intense pressure amid wealth management outflows and a lack of investor confidence. Harris Associates, one of the biggest investors, sold its stake i...
Crypto Carbon Credit Market Maker Eyeing Bahamas, Switzerland Outposts
A newcomer exchange is joining the financial fray developing around making markets for carbon credits trading on distributed ledger technology. The startup, Capturiant, has been given the initia...
This stock strategy is attracting lots of money. Here are its top 10 picks.
Following a year in which a rapid rise in interest rates caused stock and bond prices to tumble, investors are focusing on quality. One way to do this is to look at free cash flow — and doing so might...