Newsfeeds - Spark Newswire

1 minute read

‘Apollo, Carlyle Scour Bankrupt SVB Financial For Loan Deals; Blackstone Also Preparing To Take A Look At The SVB Loans; The Loans At Issue Could Be Valued At As Much As $10B’ – Bloomberg News

By Happy Mohamed

March 22, 1:52 PM

https://news.bloomberglaw.com/bankruptcy-law/apollo-carlyle-scour-bankrupt-svb-financial-for-loan-deals

ARI

1 minute read

M&A
News

U.S. OCC Imposes Conditions On Approval, Including Requirement That Flagstar Allocate Appropriate Resources To Assets And Liabilities Acquired And Require A Supervisory Non-Objection Prior To Paying Dividend To Shareholders

By Happy Mohamed

March 20, 10:59 AM

- Reuters

KBE

2 minute read

‘Subsidiary Of New York Community Bancorp, Inc., To Assume Deposits Of Signature Bridge Bank, N.A.’ – FDIC

By Happy Mohamed

March 19, 8:34 PM

https://www.fdic.gov/news/press-releases/2023/pr23021.html The Federal Deposit Insurance Corporation (FDIC) entered into a purchase and assumption agreement for substantially all deposits and certain loan portfolios of

KBE

1 minute read

Fed’s Powell & U.S. Treasury Secretary Yellen Says The U.S. Banking System’s Capital And Liquidity Positions Are Robust, And The U.S. Financial System Is Resilient

By Happy Mohamed

March 19, 3:44 PM

- Joint Statement

KBE

1 minute read

News

Midsize U.S. Banks Asked FDIC To Insure All Deposits For Two Years

By Charles Gross

March 18, 7:01 PM

-Bloomberg https://www.bloomberg.com/news/articles/2023-03-18/midsize-us-banks-ask-fdic-to-insure-all-deposits-for-two-years?sref=y3YMCJ4e&leadSource=uverify%20wall

KBE

1 minute read

Warren Buffett In Contact With Biden Officials On Banking Crisis

By Charles Gross

March 18, 6:59 PM

-Bloomberg https://www.bloomberg.com/news/articles/2023-03-18/warren-buffett-in-contact-with-biden-officials-on-banking-crisis?srnd=premium&sref=y3YMCJ4e&leadSource=uverify%20wall

BRK-A

1 minute read

‘U.S. Senate’s banking panel chairman: Congress unlikely to tighten banking rules’ -Reuters

By Michael Horton

March 14, 5:47 PM

https://www.reuters.com/world/us/us-senates-banking-panel-chairman-congress-unlikely-tighten-banking-rules-2023-03-14/

KBE

1 minute read

Live On Fox Business, Kevin O’Leary Says I Will Never Buy A Bank Stock Again, We Should Have Let Banks Fail

By Happy Mohamed

March 14, 12:10 PM

- Fox Business

KBE

3 minute read

Is It 2008 All Over Again For Credit Suisse?

By Wayne Duggan

October 3, 12:24 PM

Credit Suisse Group AG (NYSE: CS) shares recovered early morning losses and traded higher by 2.4% on Monday following a report by the Financial Times that the Swiss bank has been reaching out to investors to r

2 minute read

Bank Stocks Are Historically Cheap, But May ‘Need To See More Pain’ Before It’s Time To Buy

By Wayne Duggan

September 26, 12:23 PM

The SPDR S&P Bank ETF (NYSE: KBE) is down 18.6% year-to-date, only slightly outperforming the S&P 500 as a whole. Rising interest rates are typically good news for bank earnings, but the weakness in bank stocks as of late has been driven by concerns over a potential slowdown in the lending market.

FRC