Hints and tips:
...Those programmes tend to put a bid under bonds, because they favour the use of bonds as collateral against the Fed’s credit,” he said....
...(Park Bancorp v Byrne Hobart) — Levine on Euroclear (BBG $) — A true Southern ghost story for your spooky holiday weekend (The Bitter Southerner) — Llamas and alpacas “happily walking to Penrith” (BBC...
...Shares in US regional lender New York Community Bancorp fell by more than half and its credit rating was downgraded to “junk” status by Moody’s this month after it reported higher-than-expected losses from...
...Here’s the SEC’s recounting of the events: 45....
...Two scoops to start, first: JPMorgan Chase spent more than a year discussing a possible deal with Discover Financial before Capital One agreed a $35bn bid for the credit card company, as the largest US bank...
...But on Monday, his high-end ecommerce company appeared to reach an unglamorous end as an independent business.Faced with a struggling business, plunging share price and credit rating downgrade, Farfetch...
...Their assets have the highest rating, thanks to the SEC registration and overcollateralisation. Good for them!...
...“If he’s found guilty, it will further involve the likes of [SEC chair] Gary Gensler and [Senator] Elizabeth Warren who will slam their fists on the desk and claim they told us all along that these crypto...
...Yesterday Arm Holdings, the UK-based chip designer owned by SoftBank, kicked off its superjumbo IPO by filing its F-1 with the SEC....
...All that said, I still think the SEC should not treat cryptocurrencies as securities, or create a special regulatory apparatus for dealing with them. This gives crypto too much credit....
...The CFTC said Wang had a hand in creating some of the algorithms that underpinned FTX, which allowed Alameda “to maintain an essentially unlimited line of credit” on the exchange, giving it an “unfair advantage...
...From at least May 2019 through November 2022, Bankman-Fried engaged in a scheme to defraud equity investors in FTX Trading Ltd....
...Funds were also shifted by allowing Alameda to draw down on a virtually limitless credit line from FTX, the SEC added....
...Computer code written by FTX provided an “effectively limitless line of credit that allowed Alameda to withdraw billions of dollars in customer assets from FTX”, the regulator said....
...While European bulge-bracket banks such as Deutsche Bank, UBS and Credit Suisse have lost ground, the US bank has grown market share internationally....
...“We allege that Sam Bankman-Fried built a house of cards on a foundation of deception while telling investors that it was one of the safest buildings in crypto,” said Gary Gensler, SEC chair....
...Megan Barbero, currently SEC principal deputy general counsel, will take his place....
...News round-up Credit Suisse shares drop as annual report delayed following SEC call (FT + Lex) Former Goldman banker Roger Ng sentenced to 10 years for 1MDB fraud (FT) China Evergrande chairman’s seized...
...To its credit, the government has taken measures to improve listing procedures, enacting most of the reforms proposed in Lord Jonathan Hill’s UK Listing Review in 2021 and adopting the recommendations set...
...(SEC filing h/t Bloomberg $) — Former Alphavillain Kate Mackenzie writes on climate diplomacy and finance for Phenomenal World. — Petrodollars: Where are the surpluses? Part 1 (Exante Data, $)...
...For US purposes, we will be informing the CFTC, SEC, and Department of Justice that this recommendation has been made....
...Gurbir Grewal, director of the SEC’s enforcement division....
...Citigroup has hired Credit Suisse alum Sumit Khedekar as head of its North America healthcare group....
...If the SEC requires companies to disclose scope 3 emissions, the agency must show that the benefits of this information outweigh the costs, Credit Suisse said, adding that regulatory opponents often sue...
...Tech tools — VanMoof S5 and A5 Ahead of its introduction of the VanMoof V high-speed e-bike later this year, the Dutch company has unveiled new versions of its existing e-bikes today....
International Edition