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Tag: Debt
Western Alliance Bancorp stock set to suffer record selloff of over 60% to 10-year low in wake of SVB collapse
Shares of Western Alliance Bancorp WAL, -74.87% took a 62.4% plunge toward a 10-year low in premarket trading Monday, adding to last week’s tumble in the wake of the collapse of SVB Financial Group’s ...
Hercules Capital said it has ‘ample liquidity’ to support requirements, but stock keeps falling
Hercules Capital Inc. HTGC, -11.14% looked to reassure investors on Monday by saying it was working with bondholders, stakeholders and stockholders to “navigate challenges” created by the decision by ...
Did the Fed plant the seeds of destruction of Silicon Valley Bank?
Were the seeds of Silicon Valley Bank’s collapse planted by the Federal Reserve’s rapid rate increases? That is one of the debates ranging online over the weekend. Michael Green, chief strategist and ...
What’s next for stocks after SVB collapse and as crucial inflation reading looms
Investors are preparing for the release of a U.S. consumer-price index that may show no meaningful letup in inflation, leaving few safe places to hide just as systemic risks may be growing. Coming jus...
Mark Cuban urges Fed to buy Silicon Valley Bank debt ‘immediately,’ says it’s ‘not the wealthy taking the hit’
Mark Cuban wants the Fed to buy Silicon Valley Bank’s debt, pronto. Not doing so, he believes, will shake confidence in the financial sector—and hurt tech startups and their employees. On Friday, the ...
Hedge funds and banks offer to buy deposits trapped at Silicon Valley Bank
Hedge funds are offering to buy startup deposits at Silicon Valley Bank (SVB) for as little as 60 cents on the dollar, Semafor reported on Saturday, citing people familiar with the matter. Bids range ...
“The government has about 48 hours to fix a-soon-to-be-irreversible mistake”: Bill Ackman warns some businesses may not be able to meet payroll after SVB’s failure
“The government has about 48 hours to fix a-soon-to-be-irreversible mistake. By allowingSVB Financial to fail without protecting all depositors, the world has woken up to what an uninsured deposit is ...
Rivian’s Target Is Attractive Versus Tesla Backed By Topline Growth Prospects, Robust Demand, Analyst Says; Debt Offering Likely To Fuel Capex
Mizuho analyst Vijay Rakesh maintains Rivian Automotive Inc (NASDAQ: RIVN) with a Buy and lowers the price target from $37 to $35. RIVN announced a $1.3 billion green convertible senior note offering....
10 banks that may face trouble in the wake of the SVB Financial Group debacle
As interest rates have risen, many banks have become more profitable because the spreads between what they earn on loans and investments and what they pay for funding has widened. But there are always...
Cathedra Bitcoin Announces Update on Debt Settlement
TORONTO–(BUSINESS WIRE)–$CBIT #Bitcoin–(Block Height: 780,050) – Cathedra Bitcoin Inc. (TSX-V: CBIT; OTCQX: CBTTF) (“Cathedra” or the “Company”), a Bitcoin company that develops and operates world-cla...
Securities Platform DEFYCA to Release Tokenized Private Debt Protocol on the Avalanche Blockchain
On the protocol, tokenized assets will be issued, securitized and structured into liquid pools, and investors can deploy algorithmic strategies to trade. As the usual steps of debt issuance such as li...
This fund has increased its dividend for 56 straight years. Now it’s snapping up GE.
Markets are nearing the end of a tough week, with one more hurdle to go after Fed Chairman Jerome Powell set investors straight on his willingness to go to the mat on inflation. Next up is Friday’s no...
MakerDAO’s MKR price forms rare pattern amid a debt ceiling rise
Maker (MKR/USD) price formed a double-top pattern as a vote on capital deployment continued. The MKR token retreated to a low of $855.36, the lowest point since March 3 of this year. It has plunged by...
Embattled Billionaire Hui Ka Yan Can’t Reach A Deal With Evergrande’s International Creditors
Hui Ka Yan speaks during a news conference on the sidelines of the fourth session of the 12th National People’s Congress in 2016 in Beijing. Etienne Oliveau/Getty Images Hui Ka Yan has made repe...
Stock market could ‘take it hard’ as expectations grow for a 6% fed funds rate
U.S. stock investors are clearly not too happy with what Federal Reserve Chairman Jerome Powell has said in the past two days. And there’s reason to think they’ll get even more dissatisfied in the wee...
Bed Bath & Beyond says it now has about $360 million in proceeds from Feb. equity offering called ‘most unusual’ by one analyst
Bed Bath & Beyond Inc. BBBY, -3.60% said Wednesday it has received about $135 million in gross proceeds from the exercise of preferred stock warrants that were issued as part of a public equity of...
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 ...
Bond-market recession gauge plunges to triple digits below zero on way to fresh four-decade milestone
One of the bond market’s most reliable gauges of impending U.S. recessions plunged further below zero into triple-digit negative territory on Tuesday after Federal Reserve Chairman Jerome Powell point...
FTX Statement Shows $1.6B BTC User Debt With Only $1M Available
FTX owes its customers $1.6B BTC with only $1M available. The bankrupt firm has $5.5 billion in liquid assets and over $11.5 billion in liabilities. Last week, Alameda Research sued one of its credito...
Iron Bank brings out the big gun, holds Alpha Homora’s users’ funds hostage to cover debt
We have seen the crypto industry and staking services go down in recent months. The time has now come for decentralized finance to feel the burn of the community. This came to light after Iron Bank an...
Babel Finance Hopes On Bitcoin-Backed Stablecoin To Repay $766 Million Debt
– Advertisement – Summary: Babel Finance plans to repay creditors with a two-prong approach – a decentralized finance platform and a crypto-backed stablecoin token. The troubled crypto len...
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...
‘I don’t have any other debt’: I have $40,000 in student loans, but saved $70,000 due to deferred payments. I live in the Bay Area. What should I do with this money?
I am a single 35 year-old with $40,000 remaining in federal student loans. In early 2020, I was super lucky to land a great new job that significantly increased my income. This was the middle of the p...
European Central Bank chief economist Lane says rate rises will continue after March
Philip Lane, the chief economist of the European Central Bank, said interest-rate rises will have to continue beyond the March meeting, when a 50 basis point rate hike is seen as almost 100% certain. ...
Babel Finance Invents Babel Recovery Coin to Solve Debt Crisis
Babel Finance has decided to launch the Babel Recovery Coin. The intention of the new launch is to resolve the company’s debts of almost $766 million. The company would mint the stablecoin through the...
Stock market faces crucial test this week: 3 questions to decide rally’s fate
There will be no rest for investors this week as they await a marquee report on the state of the U.S. labor market, along with biannual Congressional testimony from Federal Reserve Chairman Jerome Pow...
Researchers Quantify Market Risks As Debt Limit Deadline Nears
NEW YORK, NY – Researchers see potential volatility in equity and credit markets as debt ceiling … [+] deadline nears. (Photo by Scott Heins/Getty Images) Getty Images Researchers at the K...
KBW recommends buying these 11 financial stocks, including First Republic, following federal backstop for banks
On a Monday following high-profile bank failures on Friday and Sunday, it may seem to be a strange time to recommend buying stocks of banks and other financial services companies, but Keefe, Bruyette ...