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Basel Chair urges banks to fully implement capital rules as soon as possible: Basel Committee Chair Pablo Hernandez De Cos on Thursday urged banks to fully ...
reuters.com/business/finance/basel-chair-urges-banks-fully-implement-capital-rules-soon-possible-2024-04-18/
Commercial real estate foreclosures jumped 117% in March as trouble looms: A new report from ATTOM shows there were 625 U.S. commercial real estate foreclosures ...
foxbusiness.com/economy/commercial-real-estate-foreclosures-jumped-march-trouble-looms
Napa Valley is California’s wine barometer, an expensive one: Big corporations — and lots of tourists — are changing the West Coast’s most famous wine-growing ...
ft.com/content/15a3ed6f-60cc-4410-9e4e-b517387c932c
US regional banks seen booking more commercial property losses, loan sales
reuters.com/markets/us/us-regional-banks-seen-booking-more-commercial-property-losses-loan-sales-2024-04-17/
RFK Jr. running mate says Khanna’s call for her to step down is ‘anti-democratic’
thehill.com/homenews/campaign/4585211-rfk-jr-running-mate-khanna-call-step-down-anti-democratic/
Bank Stress From Empty Offices a ‘Slow Moving Train,’ Barr Says: The Federal Reserve’s Michael Barr warned that banks are likely to continue to face stress from ...
bloomberg.com/news/articles/2024-04-03/bank-stress-from-empty-offices-a-slow-moving-train-barr-says
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Less than half of U.S. banks ready to borrow from Fed in emergency: A year after Silicon Valley Bank's failure, less than half of U.S. banks have established ...
reuters.com/business/finance/less-than-half-us-banks-ready-borrow-fed-emergency-2024-04-12/
IAT: Caution Still Warranted On Regional Banks: Regional banks have seen a strong relief rally in recent months. Click here for a detailed analysis.
seekingalpha.com/article/4682612-iat-etf-caution-still-warranted-on-regional-banks
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US banks set for profits boost as expectations grow of fewer Fed rate cuts: Analysts say some lenders could lift their guidance when they report first-quarter ...
ft.com/content/7cc65126-7e6d-4af3-b9ed-5fbfbb825268
US lawmakers Elizabeth Warren and Ro Khanna seek to ban trade in water rights: Bill would stop private investors, including hedge funds, farmers and ...
theguardian.com/environment/2024/apr/18/water-scarcity-private-speculation
Citizens reports fast progress in building its private bank: The Providence, Rhode Island, company is having discussions with private wealth management teams ...
americanbanker.com/news/citizens-reports-fast-progress-in-building-its-private-bank
AI could be as consequential to the economy as electricity, says Jamie Dimon: Jamie Dimon believes artificial intelligence will have a huge impact on global ...
cnn.com/2024/04/08/investing/jamie-dimon-shareholder-letter-ai-future/
Quick Glance: Jamie Dimon warns of potentially prolonged high rates
- JPMorgan chief Jamie Dimon warns in his annual letter to investors of potentially prolonged higher inflation and interest rates due to high government spending.
- Dimon mentioned that the economy is being fueled by government deficit spending and past stimuli, which could lead to potentially stickier inflation and higher rates.
- Financial markets have significantly reduced their expectations for the number of expected rate cuts by the US Federal Reserve, with only two quarter-point cuts planned in 2024.
- Dimon also warns of the risks of the private credit market boom and emphasizes that regulations may increasingly focus on this market, warning of geopolitical risks due to events like Russia's invasion of Ukraine.
Jayapal, Sanders, and Khanna Say US Housing Crisis Must Be 'At the Top of Our Agenda'
commondreams.org/news/sanders-jayapal-khanna-housing
Khanna: Biden’s approval numbers will improve once Israel-Hamas war ends: Rep. Ro Khanna (D-Calif.) predicted in a Sunday interview that former President Biden’s ...
thehill.com/homenews/campaign/4566441-rep-khanna-says-bidens-approval-numbers-will-improve-once-israel-hamas-war-ends/
Is it time to call code red on TikTok challenges and Gen Z’s obsession with popularity contests?
scmp.com/week-asia/opinion/article/3258016/it-time-call-code-red-tiktok-challenges-and-gen-zs-obsession-popularity-contests
'Net interest income' has Wall Street worried right now. Here's what it is and why it matters
qz.com/net-interest-income-nii-bank-earnings-fed-interest-rate-1851416810
What to expect from bank earnings as high interest rates pressure smaller players
cnbc.com/2024/04/11/bank-earnings-high-interest-rates-set-to-pressure-small-players.html
A Century-Old Lending Lifeline for Troubled Banks Has a Major Flaw. The Fed Wants to Fix It.
on.wsj.com/49Om1J0
Father of dead China singer blasts blogger’s digital version of late son created without consent, calls for AI control
scmp.com/news/people-culture/china-personalities/article/3255896/father-dead-china-singer-blasts-bloggers-digital-version-late-son-created-without-consent-calls-ai
Silicon Valley Bank, the Federal Reserve and Bank Runs: Regulators have yet to address the system’s vulnerability to sudden depositor withdrawals.
bloomberg.com/opinion/articles/2024-04-01/silicon-valley-bank-the-federal-reserve-and-bank-runs
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TikTok owner ByteDance stays hands-off as video app faces US ban, leaving local team to become more aggressive
scmp.com/tech/big-tech/article/3257990/tiktok-owner-bytedance-stays-hands-video-app-faces-us-ban-leaving-local-team-become-more-aggressive
Don't Bust Up Medicare and Turn It Over to the States!: Projecting intermediary steps, especially ones that can’t work, only delays national single payer.
commondreams.org/opinion/state-level-medicare-for-all
Coinbase partner ClearBank posts first full-year of profit as revenue almost doubles
cnbc.com/2024/04/04/coinbase-partner-clearbank-posts-first-full-year-of-profit.html
How Omsom's Founders Triumphed From SVB's Defeat--and 6 Other Stories of Courage Under Fire
inc.com/magazine/202404/jennifer-conrad/how-omsom-founders-triumphed-from-svbs-defeat-and-6-other-stories-of-courage-under-fire.html
Bipartisan ire flares after POLITICO reveals Chinese Embassy's quiet TikTok lobbying
politico.com/live-updates/2024/04/18/congress/bashing-chinas-tiktok-moves-00153040
Opinion | Mike Gallagher on Why Conservatives Want TikTok Sold: Representative Mike Gallagher on what message a potential ban of TikTok sends to the rest of the ...
nytimes.com/2024/04/01/opinion/mike-gallagher-tiktok-sale-ban.html
Can you believe this young Chinese influencer ‘Little Fairy’ with 7.7 million fans pays US$13 million in taxes?
scmp.com/news/people-culture/china-personalities/article/3256572/can-you-believe-young-chinese-influencer-little-fairy-77-million-fans-pays-us13-million-taxes
Apple Deletes Meta’s Threads and WhatsApp From China App Store After Government Pressure
thewrap.com/apple-removes-whatsapp-threads-china-app-store-tiktok-ban/
Quick Glance: Apple removes WhatsApp and Threads in China
- Apple removes Meta-owned apps under Chinese government pressure.
- Apps delisted due to 'national security concerns'.
- Chinese users now unable to download Western social media apps.
- Apple faces declining iPhone sales in China despite branding efforts.
Mystery about Bayer Leverkusen: Why do the fans sing SVB?: During Bayer Leverkusen's championship, the abbreviation SVB could be read again and again ...
rnd.de/sport/raetsel-um-bayer-leverkusen-warum-singen-die-fans-svb-UYOJKDSV4JHD5PBYE7SH24FFWA.html
"German champion SVB": With a record series to the title | Bayer04.de: At last! For the 120th birthday, the championship! The moments surrounding the final ...
bayer04.de/de-de/news/bundesliga/deutscher-meister-svb-mit-rekordserie-zum-titel
My friend has a recipe for online success, but he’s not feeling the love: Making money from online content – no matter how colourful – has its challenges
irishtimes.com/world/asia-pacific/2024/04/19/my-friend-has-a-recipe-for-online-success-but-hes-not-feeling-the-love/
Fed Interference Makes Markets Hard To Predict: Fed's promised rate cuts may not materialize due to the record amount of Treasuries being sold and rising ...
seekingalpha.com/article/4684739-fed-interference-makes-markets-hard-to-predict
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This Louisiana index fell short of Wall Street. Here's why.: A slide in Louisiana bank stocks caused the companies that make up the Pelican State Portfolio to ...
theadvocate.com/baton_rouge/news/business/dip-in-bank-stocks-causes-louisiana-index-to-fall-short/article_00516b7c-f8f1-11ee-86b9-0b8120722b20.html
Western Alliance: Q1 Deposit Growth Is A Cause For Optimism: Western Alliance Bancorporation can continue to deploy its excess liquidity and grow earnings ...
seekingalpha.com/article/4684665-western-alliance-stock-q1-deposit-growth-is-cause-for-optimism-reiterate-buy
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Truist Financial: Improving Setup (Rating Upgrade): Truist Financial may benefit from a higher for longer rate environment, leading to higher capital returns for ...
seekingalpha.com/article/4684470-truist-financial-improving-setup-rating-upgrade
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The payment of more interest on deposits hurts the bottom line of large US banks: The profit of the six main entities falls 3% in the first quarter despite the ...
english.elpais.com/economy-and-business/2024-04-17/the-payment-of-more-interest-on-deposits-hurts-the-bottom-line-of-large-us-banks.html
Former TikTok Employees Expose Social Media Platform's Alleged Ties to China and Data Sharing
techtimes.com/articles/303595/20240415/former-tiktok-employees-expose-social-media-platforms-alleged-ties-china.htm
Takeover of CS by UBS: US criticism is hypocritical: If CS were an American bank, it would have been wound up. That's what the head of the American deposit ...
nzz.ch/meinung/amerikas-belehrungen-zur-rettung-der-credit-suisse-sind-heuchlerisch-ld.1825960
Editorial: Recount of tied congressional race a victory for election integrity: Sadly, Assemblymember Evan Low and Rep. Ro Khanna have engaged in shameful ...
mercurynews.com/2024/04/11/editorial-tied-congressional-race-recount-a-victory-for-election-integrity/
Why Gen Z yearns for Chinese-manufactured glycine: Donghua Jinlong, a Chinese company that manufactures glycine, is becoming a meme among Gen Z on TikTok for no ...
businessinsider.com/donghua-jinlong-glycine-meme-tiktok-2024-4
Watered-down Basel III could boost US banks : Excess capital may find its way to investors in the form of buybacks and dividends if capital requirements are ...
ft.com/content/b5c5dd81-874a-4253-a60a-29f80a792447
U.S. Bank Earnings Preview: What To Watch: U.S. banks are getting set to release their quarterly results. Click here to read the outlook for interest rates and ...
seekingalpha.com/article/4682653-us-bank-earnings-preview-what-to-watch
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Commercial Real Estate: The Return Of 'Extend And Pretend': Commercial real estate markets continue to experience deterioration, leading to rising default rates ...
seekingalpha.com/article/4682706-commercial-real-estate-the-return-of-extend-and-pretend
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Table tennis women of SV Böblingen - A worthy conclusion after 25 years of the Bundesliga
szbz.de/nachrichten/artikel/wuerdiger-abschluss-nach-25-jahren-bundesliga
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SVB coach annoyed: “No one’s looking at ‘19”: In 2019, Daniel Apke and SC Altenrheine intercepted the sovereign district league leaders SV Burgsteinfurt ...
ev-online.de/lokalsport/emsdetten/svb-coach-genervt-auf-19-guckt-keine-sau-708967.html
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Richmond's Atlantic Union bank sees opportunity in Southside Va.: Atlantic Union Bankshares as closed Monday on the $507 million acquisition of Danville’s ...
richmond.com/news/state-regional/business/atlantic-union-banking-richmond-danville-southside-virginia/article_3f2469ca-f05f-11ee-8c00-6f0a190316fe.html
Debate Over Bank Industry Rules One Year After SVB Collapse: Silicon Valley Bank’s collapse last March set the stage for a clash between bankers and their ...
nytimes.com/2024/03/10/business/silicon-valley-bank-one-year-regulations.html
S&P Global downgrades outlooks on five regional US banks to 'negative': Ratings agency S&P Global on Tuesday downgraded five regional U.S. banks to due to their ...
reuters.com/business/finance/sp-global-downgrades-outlooks-five-regional-us-banks-negative-2024-03-26/
Viewsroom: Bank crises proved a mixed blessing for rivals on Apple Podcasts: Show Viewsroom, Ep Bank crises proved a mixed blessing for rivals - 21 Mar 2024
reut.rs/4arf15H
Steven Mnuchin wants to buy TikTok without its valuable algorithm: Steven Mnuchin has floated the idea to some investors of buying TikTok without the code that ...
businessinsider.com/steven-mnuchin-purchase-tiktok-without-valuable-algorithm-china-2024-3
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Jefferies Trading Surge Bodes Well for Big Bank Earnings (JEF): Jefferies Financial Group Inc.’s revenue jump — due to strong capital markets and rebounding ...
bloomberg.com/news/articles/2024-03-28/jefferies-trading-surge-bodes-well-for-wall-street-heavy-hitters
Kevin O'Leary wants to buy TikTok at up to 90% discount. Here's why : Kevin O'Leary is putting together a syndicate for a potential purchase of TikTok ...
cnbc.com/2024/03/22/kevin-oleary-on-why-he-wants-to-buy-tiktok-.html
A Year Since SVB’s Tumult, NYCB Has Focus Back on Regional Banks: One year after Silicon Valley Bank failed — spooking markets and fueling frantic fears of ...
bloomberg.com/news/articles/2024-03-09/a-year-since-svb-s-tumult-nycb-has-focus-back-on-regional-banks
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Last year was bad for commercial real estate. 2024 could be worse.: Four years after the pandemic hit, offices, downtowns and the banking system wait to see how ...
washingtonpost.com/business/2024/03/30/commercial-real-estate-2024-loans/
TikTok's Chinese Version Douyin Is Viewable on US Web Browsers (for Now): As a possible TikTok ban looms, Douyin can be accessed from the US on some devices ...
pcmag.com/news/tiktoks-chinese-version-douyin-us-web-browsers-for-now
Quick Glance: US House Nears Passing TikTok Legislation Requiring Separation from Chinese Ownership
- The US House of Representatives is set to vote on a proposal next Wednesday that could compel TikTok to sever ties with its Chinese owner or face a ban in the United States.
- Anticipated at 10:00 am (1400 GMT), the vote is expected to take place in a rare instance of bipartisan unity in a politically divided Washington.
- The future of the legislation remains uncertain in the Senate as key figures oppose taking such a drastic action against an app with 170 million users in the US.
- President Joe Biden is expected to sign the bill, officially known as the 'Protecting Americans from Foreign Adversary Controlled Applications Act,' into law if it reaches his desk, as stated by the White House.
China hits out at US over push to ban TikTok: Beijing urges Washington to ‘stop unfairly suppressing foreign companies’
ft.com/content/b0b949cd-d1d3-40f5-8a52-beaf3b29badc
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Quick Glance: TikTok Ban: Impact Beyond Gen Z Users
- A potential ban on TikTok would have far-reaching effects, given the diverse and evolving user base.
- TikTok users are politically polarized, with a predominant younger audience. Their views differ from the average American.
- The platform has a rapidly growing user base that is undergoing demographic changes, especially with an increase in users aged 30-49.
- The use of TikTok as a primary source of news and information influences user opinions, leading to political polarization, particularly among younger users.
Chinese platforms are cracking down on influencers selling AI lessons: They’re not necessarily scams—but they’re not value for money either, buyers complain.
technologyreview.com/2024/03/20/1089950/ai-influencer-douyin-wechat-suspension/
End of Fed Bank Term Funding Program (BTFP) Puts Reserves in Spotlight: Wall Street banks are hunting for alternative ways to shore up their coffers as an ...
bloomberg.com/news/articles/2024-03-11/end-of-fed-tool-that-buoyed-us-banks-puts-reserves-in-spotlight
With TikTok, China has dangerous power over Americans. We must take it on | Opinion
star-telegram.com/opinion/article287222900.html
‘Banking as a Service’ startup Griffin raises $24M as it attains full banking license
techcrunch.com/2024/03/10/banking-as-a-service-startup-griffin-riases-24m-and-attains-full-banking-licence/
Opinion | Bidenomics Is Making China Angry. That’s OK.: Trump talked tough, but Biden is wielding a big stick.
nytimes.com/2024/03/28/opinion/biden-trump-china.html
Ro Khanna says TikTok owner should be forced to sell app, but ban too ‘extreme’: Rep. Ro Khanna (D-Calif.) said TikTok’s China-based parent company ByteDance ...
thehill.com/policy/technology/4529593-ro-khanna-says-tiktok-owner-should-be-forced-to-sell-app-but-ban-too-extreme/
Banks Face Extra $4.1 Billion FDIC Bill for Last Year’s Failures: A year after Silicon Valley Bank’s collapse, US lenders are still paying the price for cleaning ...
bloomberg.com/news/articles/2024-03-07/banks-face-extra-4-1-billion-fdic-bill-for-last-year-s-failures
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The dots connecting TikTok, US Steel and Chinese land buys: The House of Representatives passes a bill requiring China's ByteDance to sell TikTok to an ...
asiatimes.com/2024/03/the-dots-connecting-tiktok-us-steel-and-chinese-land-buys/
Is TikTok different in China? Here's what to know: Critics of TikTok have pointed to an allegedly tamer version in China.
abcnews.go.com/Business/tiktok-china/story
Meituan’s Revenue Beats Estimates After Staving Off ByteDance: Meituan’s quarterly revenue climbed 23%, a sign that it’s making headway in efforts to fend off a ...
bloomberg.com/news/articles/2024-03-22/meituan-s-revenue-beats-estimates-after-staving-off-bytedance
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The Thorny Question of Why We Treat Banks Differently At All?: How to avoid bailing out lenders ever again.
bloomberg.com/news/articles/2024-03-04/the-thorny-question-of-why-we-treat-banks-differently-at-all
Khanna, Schumer Lead Call for FTC Probe of Big Oil Consolidation: "Americans are paying the price for Big Oil's greed and are still struggling to keep up ...
commondreams.org/news/big-oil-mergers
Defense Sec. Austin Refuses to Draw Line in Sand for Israel After Food Aid Massacre in Gaza
democracynow.org/2024/3/1/headlines/defense_dec_austin_refuses_to_draw_line_in_sand_for_israel_after_food_aid_massacre_in_gaza
Quick Glance: Defense Secretary Austin Admits Secret Hospitalizations Before House Panel
- House Republicans demand answers on Defense Secretary Austin's secret hospital stays.
- Austin admits 'breakdown in notifications' and takes full responsibility before the committee.
- Austin acknowledges the need to inform the president and public about his cancer diagnosis.
- Internal Pentagon review finds no ill intent in keeping Austin's hospitalization private.
FTC investigating TikTok over privacy and security: The Federal Trade Commission is investigating TikTok for its data and security practices ...
cnn.com/2024/03/26/tech/ftc-tiktok-probe-privacy-and-security/
Biden says he’ll sign TikTok crackdown Bill, Trump raises concerns: The proposed legislation gives China’s ByteDance about 6 months to divest the popular video ...
straitstimes.com/world/united-states/biden-says-he-would-sign-tiktok-crackdown-trump-raises-concerns
Alecta Crisis Enters Second Year as Chairman Akerstrom Leaves: For almost a year, Sweden’s biggest pension fund has been trying to drag itself out of crisis that ...
bloomberg.com/news/articles/2024-03-04/alecta-crisis-enters-second-year-as-new-chairman-jumps-ship
Why President Biden should be reelected | Opinion: In response to a Sun Sentinel op-ed by Republican presidential candidate Nikki Haley on why Joe Biden must be ...
sun-sentinel.com/2024/03/02/why-president-biden-should-be-reelected-opinion/
What has replaced Silicon Valley Bank as start-ups’ favourite banker?: Venture capitalists and tech groups have had to adjust to life without the ‘one-stop shop’ ...
ft.com/content/edc4bb8f-056f-4162-9398-1edb6f2931bf
Young Chinese from loveless families find solace in ‘digital parents’ who treat them like their own, showing care, sharing daily activities online
scmp.com/news/people-culture/trending-china/article/3255171/young-chinese-loveless-families-find-solace-digital-parents-who-treat-them-their-own-showing-care
Khanna says Biden ‘needs to do something bold,’ especially with Israel-Hamas war: Democratic Rep. Ro Khanna (Calif.) suggested Sunday that President Biden “do ...
thehill.com/homenews/campaign/4505060-khanna-says-biden-needs-to-do-something-bold-especially-with-israel-hamas-war/
After SVB Failed, FHLB Charged $285 Million in Fees to Wind Down Financing: US banking regulators confronted an unusually large penalty when they seized Silicon ...
bloomberg.com/news/articles/2024-03-12/after-svb-failed-fhlb-charged-285-million-in-fees-to-wind-down-financing
HSBC to hire almost 50 bankers for startup, venture lending in US: HSBC is planning to recruit about 50 more bankers in its U.S. commercial bank to lend to ...
reuters.com/business/finance/hsbc-hire-almost-50-bankers-startup-venture-lending-us-2024-03-11/
How a surprise investment in NYCB helped avert a 2024 bank crisis: If NYCB is worthy of a $1 billion investment, other regional banks should be just fine.
axios.com/2024/03/07/new-york-community-bancorp-steven-mnuchin
A Year After Silicon Valley Bank’s Collapse, the Rules Are Still Catching Up: New proposed regulations won’t address some root causes of regional banking malaise ...
wsj.com/finance/banking/a-year-after-silicon-valley-banks-collapse-the-rules-are-still-catching-up-90ac5f81
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