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Showing results for Fidelity Deposit and Discount Bank v. New York Oil Corp.
...part of the bank to New York Community Bancorp....
...“We are seeing new use cases where people are looking for a place to put collateral and regulatory cash,” she added....
...BofA had long shunned block trading, for example, which is when a bank buys a big chunk of stock from a client at a slight discount in the hope of a quick flip at the market price or higher....
...Rating agency Standard & Poor’s on Monday night lowered its ratings on five US regional banks — Associated Banc Corp, Comerica, KeyCorp, Valley National and UMB Financial — assigning “stable” outlooks to...
...Shares of New York Community Bank jumped 30 per cent on Monday morning after one of its subsidiaries agreed to buy most of Signature Bank, the failed crypto-focused lender....
...While Delaware and New York state law remain pre-eminent for legal disputes, Texas is challenging the incumbents....
...The regulatory disclosure on Monday also showed Berkshire exited its positions in US Bancorp and Bank of New York Mellon in the first quarter....
...The deal follows a similar takeover announced a week ago for Signature Bank, the operations of which were sold to New York Community Bank-owned Flagstar....
...A week ago, when New York Community Bancorp rescued Signature Bank, it took mostly cash as assets and left Signature’s loan book with the government....
...Additional reporting by Mark Vandevelde in New York...
...We are also announcing a similar systemic risk exception for Signature Bank, New York, New York, which was closed today by its state chartering authority....
...March 15 across its discount window and new emergency facility....
...Some are trying to sell at steep discounts to raise cash....
...in deposits....
...Federal Deposit Insurance Corporation officials were told in mid-January that Signature Bank, a New York City-based lender with about $90bn in deposits, was in trouble....
...Shares of acquirer New York Community Bank soared on the news. All of a sudden, there was interest for SVB as well....
...The European Central Bank slowed the pace of its rate increases this month, raising its deposit rate by a quarter of a percentage point to 3.25 per cent, but said it had more ground to cover....
...listing to blame for oil group’s trading discount (FT) Citigroup’s CEO willing to adjust staffing levels in investment bank (Bloomberg) EY split plans won’t come back any time soon (Financial News London...
...company in the future — although this would require a willingness by the banks to sell the debt to Musk at a discount, and means he would have to write yet another cheque for Twitter if he wanted to stay...
...As Esterov told Alphaville: It’s very possible that [a hypothetical insurer’s] New York company is in distress and the Florida company is doing fine . . ....
...The following get-out-of-bankruptcy-free cards could be pulled instead: Cutting a new deal with the banks, such as a debt-for-equity exchange at a discount to the debt’s face value Convincing the banks...
...Carroll brought a federal defamation lawsuit against Trump in New York....
...“By the end of the summer, if we are still in a regime of high inflation and [oil] sanctions against Russia, then the market has further to correct.”...
...However, one Wall Street lawyer who has worked on such transactions said it could take “close to a year” to settle loans and find new homes for bank deposits....
...Smart reads Dropping the ball The New York Times’ acquisition of The Athletic was meant to assemble a sports media dream team....
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