Tag: Corporate finance

  • Welcome to the Superprime banking crisis

    Banks for rich people are different from other banks. They used to have more money. The latest banking crisis was characterized by subprime borrowers, particularly people with credit problems who obtained mortgages from bankers who ignored the risk that the borrowers would realistically not be able to pay them. Banks that got into trouble were […]

  • Silicon Valley Bank’s former parent company says FDIC seized about $2 billion in cash

    Silicon Valley Bank’s former parent company cannot access about $2 billion it deposited with the bankrupt bank after regulators froze the company’s accounts and are investigating whether it should bear costs related to the bank’s bankruptcy . Lawyers for SVB Financial Group, the holding company that formerly controlled the now-defunct bank, alleged Tuesday at the […]

  • UBS closes deal to buy Credit Suisse for more than $2 billion

    Swiss authorities tried to finalize the deal on Sunday before Asian markets opened this week. They were walking a fine line, they had to get the boards of the two banks to agree to the deal and avoid the alternative, a regulator-led liquidation of Credit Suisse, which could prove longer and more painful for the […]

  • The debt of the First Republic Bank has been reduced to junk by Moody’s

    Last Updated: March 17, 2023 at 11:02 PM ET First published: March 17, 2023 at 10:26 p.m. ET Moody’s Investors Service downgraded its First Republic Bank credit rating to junk late Friday, citing a “deterioration in the bank’s financial profile.” First Republic’s FRC debt rating was downgraded from Baa1 to B2, according to Moody’s. Fitch […]

  • Silicon Valley Bank shut down by regulators, FDIC takes control

    SANTA CLARA, Calif. — Silicon Valley Bank collapsed Friday in the second-biggest bank failure in U.S. history after a run on deposits thwarted the tech-focused lender’s plans to raise fresh capital. The Federal Deposit Insurance Corp. said it has taken control of the bank through a new entity it created, the Deposit Insurance National Bank […]

  • This department store stock has beaten Apple, Amazon, and Tesla

    One of the best-performing stocks in recent years isn’t a tech giant or a high-flying startup. Instead, it’s a family-run department store chain that doesn’t have a wide following on Wall Street. Shares in Dillard’s Inc. DDS 1.48% are up more than 1,500% since April 2020. The company’s market value is comparable to Macy’s Inc., […]