Monthly Archives: March 2023
Hedge funds offer to acquire SVB deposits at steep discounts
(Hedgeweek) Oaktree is one of a number of hedge funds and banks offering to acquire deposits held by startups at the failed Silicon Valley Bank, but only at steep discounts, according to reports. To read this article:
Brevan Howard acquires long-short crypto fund
(Hedgeweek) Brevan Howard Asset Management is continuing its push into the digital assets space with the acquisition of a long-short hedge fund run by crypto investment firm Dragonfly Capital, according to a report by Bloomberg. To read this article:
Neuberger Berman cuts Blackstone stake
(Hedgeweek) A recent Form 13F filing made with the US Securities & Exchange Commission has revealed the Neuberger Berman Group reduced its stake in Blackstone Inc by 12.1% to 4,625,456 shares in the third quarter after selling 634,353 shares during […]
Software Company Blackbaud Inc. Charged for Misleading Disclosures About Ransomware Attack That Impacted Charitable Donors
(HedgeCo.Net) The Securities and Exchange Commission has announced that Blackbaud Inc., a South Carolina-based public company that provides donor data management software to non-profit organizations, agreed to pay $3 million to settle charges for making misleading disclosures about a 2020 […]
Dow futures jump 250 points as regulators announce backstop of SVB depositors: Live updates
(CNBC) Stock futures jumped Sunday evening after regulators announced a plan to backstop all the depositors in failed Silicon Valley Bank and make additional funding available for other banks. S&P 500 futures gained 1.1% and Nasdaq 100 futures rose 1.2%. […]
Fed and FDIC discussing backstop to make SVB depositors whole and stem contagion fears:
(CNBC) Financial regulators are discussing two different facilities to manage the fallout from the closure of Silicon Valley Bank if no buyer materializes, according to a source close to the situation. One way that the regulators would step in would […]
Silicon Valley Bank employees received bonuses hours before government takeover
(CNBC) Silicon Valley Bank employees received their annual bonuses Friday just hours before regulators seized the failing bank, according to people with knowledge of the payments. The Santa Clara, California-based bank has historically paid employee bonuses on the second Friday […]
Regulators close crypto-focused Signature Bank, citing systemic risk
(CNBC) U.S. regulators on Sunday shut down New York-based Signature Bank, a big lender in the crypto industry, in a bid to prevent the spreading banking crisis. “We are also announcing a similar systemic risk exception for Signature Bank, New […]
Wall Street — not taxpayers — will pay for the SVB and Signature deposit relief plans
(CNBC) Plans announced Sunday to fully reimburse deposits made in the collapsed Silicon Valley Bank and the shuttered Signature Bank will rely on Wall Street and large financial institutions — not taxpayers — to foot the bill, Treasury officials said. […]
Hedge fund gross exposure hits one-year peak
(Hedgeweek) Goldman Sachs’ latest prime services weekly report shows that the gross exposure of hedge funds – the combined sum of their long and short positions – hit its highest level in a year last week, indicating that they are […]
Bitcoin, ether fall after go-to crypto bank Silvergate announces liquidation
(CNBC) Crypto prices fell Thursday after Silvergate, a bank that has been at the center of the industry’s growth, made a decision to shut down. Bitcoin slid 7% to $20,474.50, according to Coin Metrics. Ether lost about the same amount […]
In just a few minutes this week, Powell changed everything on market’s view of interest rates
(CNBC) Federal Reserve Chairman Jerome Powell’s prepared speech this week to Congress took just a few minutes, but it changed everything. In those remarks, the central bank leader set out a new paradigm for how the Fed views its policy […]