Category Archives: Syndicated
Dow futures rise more than 100 points after UBS buys Credit Suisse to stem bank crisis:
(CNBC) U.S. stock futures rose on Sunday as the Swiss government engineered a forced takeover of Credit Suisse by UBS, marking the latest effort by governments around the world to stifle a crisis threatening the banking sector. Dow Jones Industrial […]
UBS buys Credit Suisse for $3.2 billion as regulators look to shore up the global banking system
(CNBC) UBS agreed to buy its embattled rival Credit Suisse for 3 billion Swiss francs ($3.2 billion) Sunday, with Swiss regulators playing a key part in the deal as governments looked to stem a contagion threatening the global banking system. […]
FDIC announces agreement to sell Signature Bank assets to New York Community Bancorp subsidiary
(CNBC) A subsidiary of New York Community Bancorp has entered into an agreement with U.S. regulators to purchase deposits and loans from New York-based Signature Bank, which was closed a week ago. The Federal Deposit Insurance Corporation said the deal […]
Elizabeth Warren: Jerome Powell has ‘failed’ as Federal Reserve chair
(CNBC) Sen. Elizabeth Warren, D-Mass., slammed Federal Reserve Chair Jerome Powell in an interview with NBC News’ “Meet the Press” Sunday, saying he “has failed” in his duties and shouldn’t be in his role. “He has had two jobs. One […]
Fed poised to approve quarter-point rate hike despite market turmoil
(CNBC) Even with turmoil in the banking industry and uncertainty ahead, the Federal Reserve likely will approve a quarter-percentage-point interest rate increase, according to market pricing and many Wall Street experts. Rate expectations have been on a rapidly swinging pendulum […]
Bond rout sees Brevan Howard traders ‘grounded’
(Hedgeweek) Global macro major Brevan Howard has grounded several traders in a move aimed at limiting losses after the collapse of Silicon Valley Bank and Signature Bank triggered big swings in the bond market, according to a report by Bloomberg. […]
Stock futures are flat after banks bolster deposits at First Republic: Live updates
(CNBC) U.S. stock futures were flat on Thursday night. The action comes after a relief rally earlier in the day. Dow Jones Industrial Average futures fell by 21 points, or 0.06%. S&P 500 futures dipped 0.03%, while Nasdaq futures inched […]
Wall Street rides to the rescue as 11 banks pledge First Republic $30 billion in deposits
(CNBC) A group of financial institutions has agreed to deposit $30 billion in First Republic in what’s meant to be a sign of confidence in the banking system, the banks announced Thursday afternoon. Bank of America, Wells Fargo, Citigroup and […]
SVB turmoil hits quant and macro hedge funds
(Hedgeweek) Market turmoil triggered by the collapse of Silicon Valley Bank and Signature Bank saw computer-driven hedge funds suffer their worst ever day of losses on Monday, according to a report by Bloomberg, while at least two of last year’s […]
Managed futures’ performance turns positive in February
(Hedgeweek) Managed futures posted a monthly gain in February, up 0.15% for the month, according to the Barclay CTA Index, compiled by Backstop BarclayHedge. February’s gains reversed three straight losing months for CTAs. To read this article:
Hedge funds down 0.71% in Feb
(Hedgeweek) Hedge funds lost 0.71% in February paring year to date gains to 2.58%, according to the latest data from Bloomberg, with commodities funds seeing the biggest decline over the month with a 3.36% fall. To read this article:
Odey reopens three hedge funds
(Hedgeweek) Odey Asset Management, the London-based hedge fund firm founded by Crispin Odey, has reopened three funds which were soft closed in November 2022, including its flagship Odey European fund, according to a report by Financial News citing a letter […]