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Mar 6, 2024
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powell: with silicon valley bank could they have use more capital? they were actually raising capital they announced the trigger the run and everything so you could argue it needed more capital but i would not say that was the proximate cause it was a funding structure that was all about too much concentration. >> many of us are very concerned that those failures are being used as an excuse to raise capital standards across the board. because the sec just released its climate disclosure rule this morning and touched on the climate related question for you, fsoc's chair has said climate change is an existential threat. presumably a threat that is existential effects banks and financial institutions of all sizes. why then have member regulatory agencies including the fed limited their guidance on climate-related risks only to large financial institutions prayed why not everybody? chr. powell: it is a new thing. we are not climate change policy makers. the sec handled by elected representatives so we are starting this very carefully with large instituti
powell: with silicon valley bank could they have use more capital? they were actually raising capital they announced the trigger the run and everything so you could argue it needed more capital but i would not say that was the proximate cause it was a funding structure that was all about too much concentration. >> many of us are very concerned that those failures are being used as an excuse to raise capital standards across the board. because the sec just released its climate disclosure...
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Mar 13, 2024
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silicon valley bank to boeing, i'm sharing the pain i've experienced in the years i've been around. i got to tell you something. the best strategy on how to handle it is what we you learn tonight, don't fret, you and i will get through this together, stay with cramer. a force to be reckon with. no, not you saquon. hm? you! your business bank account with quickbooks money, now earns 5% apy. 5% apy? that's new! yup, that's how you business differently. rylee! from rylee's realty! hi! this listing sounds incredible. let's check it out. says here it gets plenty of light. and this must be the ocean view? of aruba? huh. this listing is misleading. well, when at&t says we give businesses get our best deal, on the iphone 15 pro made with titanium. we mean it. amazing. all my agents want it. says here...“inviting pool”. come on over! too inviting. only at&t gives businesses our best deals on any iphone. get iphone 15 pro on us. (♪♪) >>> the market just like real life, failure is a brilliant teacher, what can we learn about failures of the last year? what do i need to atone for? let me talk a
silicon valley bank to boeing, i'm sharing the pain i've experienced in the years i've been around. i got to tell you something. the best strategy on how to handle it is what we you learn tonight, don't fret, you and i will get through this together, stay with cramer. a force to be reckon with. no, not you saquon. hm? you! your business bank account with quickbooks money, now earns 5% apy. 5% apy? that's new! yup, that's how you business differently. rylee! from rylee's realty! hi! this listing...
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Mar 12, 2024
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silicon valley bank borrowed about $30 billion at that time.n regulators took it over, instead of keeping the loan outstanding they paid it back early which meant that they had to stomach the $285 million fee, but it reduces their borrowing cost and the longer term freeing up collateral. that is why we have this fee that goes into the bottom line of the federal bank, which was able to place a profit. sonali: should they be posting a profit off of the demise of another bank? sally: that question feeds into the broader debate over the system. it is a hot topic in washington and it was really amplified after the regional banking turmoil last year. it wasn't just silicon valley bank that it was propping up, but also signature bank and first republic. you will note they don't really fall into the mandate of home lending. that has amplified criticism and concern about the system, to whether it has moved too far beyond its mandate and shouldn't be propping up ailing lenders which may cost more. sonali: in 30 seconds or so, how is this likely to drum u
silicon valley bank borrowed about $30 billion at that time.n regulators took it over, instead of keeping the loan outstanding they paid it back early which meant that they had to stomach the $285 million fee, but it reduces their borrowing cost and the longer term freeing up collateral. that is why we have this fee that goes into the bottom line of the federal bank, which was able to place a profit. sonali: should they be posting a profit off of the demise of another bank? sally: that question...
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Mar 9, 2024
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before silicon valley failed theyad bank. joe's body shop or the dry cleansers and theyops or the landscaping company that has half dozen trucks, those business relationships that were tied to one bank because they process their payroll and all their business expenses and got business loans from that institution, i think more and more today the c.f.o.'s and the treasurers who had not lived through interest rate environment get smart and ensuring their payroll needs to be process and business kojts torl operate in the normal course and have banking hrl relationships. >> damian wrote what does a successful resolution of a bank failure look like? what is a successful failure? >> i t interesting country. i mean the framework that we have today i think works l. i mean we saw that in the spring. the regulators and the federal government has different of tools to exercise limit contag inch on. you will have some businesses that will do well and succeed and others that take risk or they don't engage inappropriate risk management and
before silicon valley failed theyad bank. joe's body shop or the dry cleansers and theyops or the landscaping company that has half dozen trucks, those business relationships that were tied to one bank because they process their payroll and all their business expenses and got business loans from that institution, i think more and more today the c.f.o.'s and the treasurers who had not lived through interest rate environment get smart and ensuring their payroll needs to be process and business...
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Mar 11, 2024
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vinod: the risk for silicon valley bank had nothing to do with silicon valley and startups.d to do with interest rate speculation, which the bank did. i want to separate irresponsible actions on their part, on the interest rate side, from what the business was. i think the business was a solid business. it mostly has continued in the same way. i do not think it has changed dramatically. alternative banks came up, but there are other banks are still the printable things for startups in the valley. i do not know if there is as much concentration, but you do not worry about that too much. caroline: what has been interesting is, perhaps, there was a moment of realization in a time of a crisis -- who could you depend on? there was so much fierce competition to get in money to the right start up. yes, that competition perhaps faded a bit as the economy turned direction, but has it brought you more business, do you think, by the fact you were able to stick your neck out early and say, "i am here, i've got your back"? vinod: that was what was most disappointing about the venture com
vinod: the risk for silicon valley bank had nothing to do with silicon valley and startups.d to do with interest rate speculation, which the bank did. i want to separate irresponsible actions on their part, on the interest rate side, from what the business was. i think the business was a solid business. it mostly has continued in the same way. i do not think it has changed dramatically. alternative banks came up, but there are other banks are still the printable things for startups in the...
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Mar 7, 2024
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it wouldn't have saved silicon valley bank because they were a mess.it's important to have it is so that other banks, that are threatened, where people are panicking, can get -- can pay off depositors. susan: yeah. it provides a source of confidence to investors that the bank will have access to liquidity if david: and the second thing is we tell banks you have to have a certain amount of liquidity, we tell them you should feel free to use the discount window, it's almost like this is probably a violation of some corporate finance principle, almost like a line of credit.■< t them you can't count this access when we decide how liquid you are. so why don't -- susan: i think we need in the u.s. to decide what we're for, for the disdown window. is it a backstop that's legitimate for sound banks to use against good collateral? or is it something that shouldn't be used? this constructive ambiguity doctrine that dates back to the think there's confusion. stemming from the federal reserve act itself. last provision in 10-b that governs discount window lendingn
it wouldn't have saved silicon valley bank because they were a mess.it's important to have it is so that other banks, that are threatened, where people are panicking, can get -- can pay off depositors. susan: yeah. it provides a source of confidence to investors that the bank will have access to liquidity if david: and the second thing is we tell banks you have to have a certain amount of liquidity, we tell them you should feel free to use the discount window, it's almost like this is probably...
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Mar 8, 2024
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alongside silicon valley bank he has a lot to say about some other stuff.n the show, we will hear from the hotspot ceo. how companies need to approach diversity. caroline, what are you looking at? caroline: we have to check on the markets. we were at record highs. no longer. we have recovered significantly. the nasdaq off .4%. the nasdaq 100, what takes us lower? broadcom not living up to expectations. nvidia turning lower. we are down 3% on nvidia. keep a close eye of volatility as we take a look at the weekend and see profit-taking. from new york and san francisco, this is "bloomberg technology." ♪ xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. caroline: bloomberg just hosted its international women's day celebration in san francisco and highlighted the philanthropic work the organization does. i had the chance to sit down with the hub spot ceo on her thoughts about how she approaches running her business, ai integration, and diverse leadership. take a listen. >> our leadership team is 50% women and our board is 60% women and
alongside silicon valley bank he has a lot to say about some other stuff.n the show, we will hear from the hotspot ceo. how companies need to approach diversity. caroline, what are you looking at? caroline: we have to check on the markets. we were at record highs. no longer. we have recovered significantly. the nasdaq off .4%. the nasdaq 100, what takes us lower? broadcom not living up to expectations. nvidia turning lower. we are down 3% on nvidia. keep a close eye of volatility as we take a...
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Mar 9, 2024
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the silicon valley bank situation -- the money move so quickly in those cases. it was instantaneous. the velocity ofthose banks, i think contributed to their failures. are we looking at anything technologically that might to address some of that or mitigated? >> after silicon valley bank we got in contact with and worked with financial institutions that have high concentrations of uninsured deposits greatly improved their liquidity positions. as you know, we are also working on some liquidity rules, which will strengthen our framework of liquidity rules. that is something we have not proposed yet. >> let me ask you something off- topic. we know that russia has about $300 billion in u.s. -- we have frozen assets, russian assets of about $300 billion between u.s. and european banks. you want to comment on that? what i would like to see is us give that to ukraine, to be honest. i know that is a simplistic idea. is there any historic example that we could look to if congress has to take the necessary steps to redirect that money so they can feed their people and fig
the silicon valley bank situation -- the money move so quickly in those cases. it was instantaneous. the velocity ofthose banks, i think contributed to their failures. are we looking at anything technologically that might to address some of that or mitigated? >> after silicon valley bank we got in contact with and worked with financial institutions that have high concentrations of uninsured deposits greatly improved their liquidity positions. as you know, we are also working on some...
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Mar 7, 2024
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we are looking at some -- this is in response to silicon valley bank.ing at some liquidity innovations and asking ourselves what form that should take and how long it should be up for comment. we are not ready to do that. that's the question we are asking. senator daines:: follow on question and i'm finished. will you confirm prior to the federal reserve issuing any new liquidity requirements it will first conduct all necessary data collection that would allow for meaningful analysis of all potential policy options? chair brown: please keep your answer short, mr. chairman. chair powell: maybe. chair brown: that's very short. chair powell: i don't want to make a specific commitment like that without talking to the people who are carefully in touch with this. that is the right thought. chair brown: thank you, senator. senator fedderman from pennsylvania is recognized. senator fedderman: --wé senator warnock sits down the next five seconds, are you ready? you're so generous with each other. >> i'm happy to have the junior colleague -- chair brown: senator
we are looking at some -- this is in response to silicon valley bank.ing at some liquidity innovations and asking ourselves what form that should take and how long it should be up for comment. we are not ready to do that. that's the question we are asking. senator daines:: follow on question and i'm finished. will you confirm prior to the federal reserve issuing any new liquidity requirements it will first conduct all necessary data collection that would allow for meaningful analysis of all...
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Mar 11, 2024
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>> the risk of silicon valley bank had to be interest rate speculation.ant to separate irresponsible actions on their part on the interest rate side. from what the business was. i think the business was a solid business. i don't think it has changed dramatically. i don't know if there is as much concentration but we don't worry about that too much. >> what has been interesting is perhaps there was a moment of realization in a time of crisis -- we did you depend on. that competition faded a little bit as the economy turned direction. more broadly, hasn't brought you more business by the fact that you able -- you were able to stick your neck out early? >> that was what was most disappointing about the community for me. i caught a number of leading venture capital firms. it is a temporary crisis. i did not get a lot of support. we would support all of them. i think every firm should have done that. do you like to talk about how they help their portfolio companies. when speaking with bloomberg technology there. taking a look at one of the asset classes we are
>> the risk of silicon valley bank had to be interest rate speculation.ant to separate irresponsible actions on their part on the interest rate side. from what the business was. i think the business was a solid business. i don't think it has changed dramatically. i don't know if there is as much concentration but we don't worry about that too much. >> what has been interesting is perhaps there was a moment of realization in a time of crisis -- we did you depend on. that competition...
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Mar 8, 2024
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. >>> this weekend marks one year since the collapse of silicon valley bank, and what some of the bank'sclients are saying and where the opportunities are still. hey, do you have a second? they're all expecting more. more efficiency. more benefits. more growth. when you realize you can give your people everything, and more. thank you very much. [applause] ask, "now what?" here's what. you go with prudential to protect, empower and grow. with everything you need to deliver, you guessed it... more. one more thing... who's your rock? learn more at prudential.com the all new godaddy airo helps you get your business online in minutes with the power of ai... ...with a perfect name, a great logo, and a beautiful website. just start with a domain, a few clicks, and you're in business. make now the future at godaddy.com/airo [♪♪] your skin is ever-changing, take care of it with gold bond's age renew formulations of 7 moisturizers and 3 vitamins. for all your skins, gold bond. >>> welcome back to "the exchange." i'm tyler mathisen with your news update. an aid ship will be heading to gaza as a tes
. >>> this weekend marks one year since the collapse of silicon valley bank, and what some of the bank'sclients are saying and where the opportunities are still. hey, do you have a second? they're all expecting more. more efficiency. more benefits. more growth. when you realize you can give your people everything, and more. thank you very much. [applause] ask, "now what?" here's what. you go with prudential to protect, empower and grow. with everything you need to deliver,...
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Mar 7, 2024
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this is a response to silicone valley bank. thus a question we are asking. >> prior to the federal reserve issuing any new liquidity requirements, it will first conduct necessary data collection that would allow for meaningful analysis of all potential policy options? chair powell: maybe. we can talk about this more, i don't want to make a specific commitment without talking to the people who are carefully in touch with us. >> senator federman from pennsylvania is recognized. if senator warnock says down he can go next. you are also generous with each other. senator fetterman is struck eyes. -- recognize. all right, senator warnock. >> thank you very much mr. chairman. interest rates are high in the interest being paid to depositors, ordinary working families, working people with bank accounts, not a lot of money and wall street accounts. chairman powell i am concerned that when banks don't increase the interest rates on accounts, is not good for the economy? are you concerned that banks under supervision are doing this? chair
this is a response to silicone valley bank. thus a question we are asking. >> prior to the federal reserve issuing any new liquidity requirements, it will first conduct necessary data collection that would allow for meaningful analysis of all potential policy options? chair powell: maybe. we can talk about this more, i don't want to make a specific commitment without talking to the people who are carefully in touch with us. >> senator federman from pennsylvania is recognized. if...
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Mar 13, 2024
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the source of the problem was really two things that affected silicon valley bank. one was losses, mainly unrealized but nevertheless, obvious losses from a failure to manage interest rate risk properly. interest rates had risen substantially. the firm had purchased longer- term assets, the value of which fell in a higher interest rate environment, and that was a risk that affected many banks in the united states so that risk was not in any way confined just to silicon valley banks. many banks suffered similar losses. the other issue is that silicon valley bank relied very, very heavily on uninsured deposits. we saw a pace of runs that was beyond anything-- >> understood. >> but other banks also, we actually had quite a high level of uninsured deposits in the banking system. many americans may have felt that uninsured depositors, their funding was immobilized in a resolution, that the same thing could happen to them at other banks. >> understood. >> one follow-up question and if i have time i will talk about acquiring us steel but quickly if you could on this. my un
the source of the problem was really two things that affected silicon valley bank. one was losses, mainly unrealized but nevertheless, obvious losses from a failure to manage interest rate risk properly. interest rates had risen substantially. the firm had purchased longer- term assets, the value of which fell in a higher interest rate environment, and that was a risk that affected many banks in the united states so that risk was not in any way confined just to silicon valley banks. many banks...
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Mar 13, 2024
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were two things that affected silicon valley bank. one was losses, namely unrealized, but nevertheless, obvious losses from a failure to manage interest rate risks. they had risen substantially. this firm had purchased several longer-term assets, the value of which fell in a higher interest rate environment. that was a risk that affected many banks in the united states. that risk was not, in any way, confined to just silicon valley bank. many banks suffered similar losses. the other issue is that silicon valley bank relied very, very heavily on uninsured deposits. now, we sought a pace of runs that was beyond anything, but other banks also, we actually have quite a high level of uninsured deposits in the banking system. many americans may have felt if depositors, uninsured depositors at svb where haircut or their funds were immobilized in a resolution, that the same thing could happen to them at other banks. >> understood. so just one follow-up question. if i have time, i will ask about -- u.s. steel being acquired. does quickly on th
were two things that affected silicon valley bank. one was losses, namely unrealized, but nevertheless, obvious losses from a failure to manage interest rate risks. they had risen substantially. this firm had purchased several longer-term assets, the value of which fell in a higher interest rate environment. that was a risk that affected many banks in the united states. that risk was not, in any way, confined to just silicon valley bank. many banks suffered similar losses. the other issue is...
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Mar 7, 2024
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of a management >> with silicon valley bank it was not really -- could they abuse more q market they a capital raise that they announce that trigger the run. you could argue they need more capital. i would not say that is the proximate cause. it was a funding structure that was all about too much concentration. >> i'm asking the questions that many are very concerned these failures are being used as an excuse to lay the capital standardthe board. because the s.e.c. just released is climate disclosure rule this morning, i will touch on the climate related question for you. fsoc chair has stated that climate change is an ex- attentional fred presumably a threat that is x essential facts, banks and financial institutions of all sizes, age the fatah, limited their guidance on climate related risk only two large financial institutions? why not everybody? >> well, it is a new thing. >> it is a heck of a new thing >> we are not climate change policy makers. >> minor is the s.e.c. >> we are starting this very carefully. institutions are already doing it by the way. they are doing and remain
of a management >> with silicon valley bank it was not really -- could they abuse more q market they a capital raise that they announce that trigger the run. you could argue they need more capital. i would not say that is the proximate cause. it was a funding structure that was all about too much concentration. >> i'm asking the questions that many are very concerned these failures are being used as an excuse to lay the capital standardthe board. because the s.e.c. just released is...
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Mar 8, 2024
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report on the impact silicon valley bank's collapse has had on local banks small business lending. examination of the 2023anki crisis, while informative, should not be end of the story. with the expertise of the talented and knowledgeable the r reporting -- can supplement our reporting and ensure further valuable insight into what and our regular -- how regulators and lawmakers can avoid this from occurring again in the colleagues to vote yes and i yield back to the gentlewoman from pennsylvania. ms. houlahan: i reserve. >> it is my understanding the gentlelady from pennsylvania's time has expired. i was just told. for what purpose does thessouri? mrs. wagner: thank you, madam chair. i claim the time in opposition and i am opposed to this amendment. the chair: the gentlewoman from is recnizelicans agree that the failure of silicon valley bank and other institutions last march should be studied to bert understand their impact on lending and whyl services committee devoted much of last spring and summer to holding a series of bipartisan hearings toetter understand the bank failures a
report on the impact silicon valley bank's collapse has had on local banks small business lending. examination of the 2023anki crisis, while informative, should not be end of the story. with the expertise of the talented and knowledgeable the r reporting -- can supplement our reporting and ensure further valuable insight into what and our regular -- how regulators and lawmakers can avoid this from occurring again in the colleagues to vote yes and i yield back to the gentlewoman from...
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Mar 6, 2024
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that's why you're seeing such a significant drop in shares and also a year from the silicon valley bank demise and what happened there is you had equity capital raise or the attempt to do an equity capital raise to fill a hole on its balance sheet due to some asset sales they had to do that ultimately led to the takeover by the fdic and to receivership so history doesn't repeat itself all of this taking place among the same realm is a concern for investors at this juncture >> clearly we're going to keep watching the story. leslie picker, thank you very much you'll let us know what else you hear i do want to bring in steve liesman who has been watching the powell hearing on capitol hill the fed chair has been speaking a bunch about bank stability he's been asked directly about it i'm curious as to what you think of this story and how it's going to play inside the fed >> reporter: well, i don't think the fed is seeing what's happening at the community bank as a systemic risk story which is the way it would rise to that level. he was asked specifically about the office commercial real esta
that's why you're seeing such a significant drop in shares and also a year from the silicon valley bank demise and what happened there is you had equity capital raise or the attempt to do an equity capital raise to fill a hole on its balance sheet due to some asset sales they had to do that ultimately led to the takeover by the fdic and to receivership so history doesn't repeat itself all of this taking place among the same realm is a concern for investors at this juncture >> clearly...
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started by silicon valley bank, the fed continued to tighten rates >> that's right. liz: we can show that. they've implemented many rates of 40 year highs. they don't see this, jeopardizing the macro-community. liz: bank funding program is expected to shut down monday. >> borrow 12 months at bank term funding programs and they can go borrow for 12 months right now and then this goes away, there'll still be the discount window and fed's main emergency funding operation. liz: there's options and event to extend and implemented and created >> there's a emergency and don't take them with the emergency being over and permanent temporary program. liz: we'll be watching it all very quickly and your best guess of what the fed is thinking, which meeting will they chop rates? >> teashop to say. tell me what the inflation data does. you didn't see the chair push back against market pricing today and markets are pricing in a june cut and didn't seem like he wanted to change anything and going to make a better guess if i won the lower rates. liz: i can tell you what the markets t
started by silicon valley bank, the fed continued to tighten rates >> that's right. liz: we can show that. they've implemented many rates of 40 year highs. they don't see this, jeopardizing the macro-community. liz: bank funding program is expected to shut down monday. >> borrow 12 months at bank term funding programs and they can go borrow for 12 months right now and then this goes away, there'll still be the discount window and fed's main emergency funding operation. liz: there's...
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Mar 4, 2024
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this week marks the one-year anniversary of silicon valley's bank collapse.l banks from here with the ceo of kbw. >>> shares of tesla are under some pressure this morning as china shipments dropped to their lowest levels in more than a year. the road ahead for the company. >>> and super micro one of the big stocks to watch. the company gets added to the s&p 500. what investors need to know about that name omerasfr he "squawk on the street" continues after this break. this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. whoa, how did you defeat them? with a little kung fu strength and by connecting my devices to the most powerful force of all. skadoosh. hah, huh? cool right? amazing. harness the power of xfinity internet and st
this week marks the one-year anniversary of silicon valley's bank collapse.l banks from here with the ceo of kbw. >>> shares of tesla are under some pressure this morning as china shipments dropped to their lowest levels in more than a year. the road ahead for the company. >>> and super micro one of the big stocks to watch. the company gets added to the s&p 500. what investors need to know about that name omerasfr he "squawk on the street" continues after this...
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Mar 4, 2024
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. ♪ ♪ ♪ >>> what a difference a year makes for banks let's look at this year silicon valley bank hadbring down the whole financial system. every regional bank output through the meat grinder. and it took months for the situation is stabilized but now it's a totally different. world take for example the situation at your community bank is perilous. stocks to box and change often another 23%. what happens? the rest of the banks rallied furiously. that's right furiously! what's different this ime? recognize that not all banks are created equal, some banks for a lot of -- then invest it work to be crushed with the short rates very aggressively. s -- u.s. treasuries worst possible portfolio. depends on the success of their silicon valley clients, so when the ipo market for so the idea kind of problem, doing a recap work got out that investors made a noisy exit. ensuring the bank would go under. second when many excellent mutual banks got pain cog pancaked. -- an assemblage without actual intentional deposits. -- known for its white glove treatment of rich people. it is a great deal for th
. ♪ ♪ ♪ >>> what a difference a year makes for banks let's look at this year silicon valley bank hadbring down the whole financial system. every regional bank output through the meat grinder. and it took months for the situation is stabilized but now it's a totally different. world take for example the situation at your community bank is perilous. stocks to box and change often another 23%. what happens? the rest of the banks rallied furiously. that's right furiously! what's...
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Mar 14, 2024
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my question to you is in response to the fires of silicon valley banks. how have the agencies altered their approach to supervision? >> so, you know, this is a matter for the individual agencies but both the fdaic and the fed have put in domain reports on what happened . and these reports include analysis of the failings -- their own failings -- in terms of their supervisory programs. and, clearly, as i believe they have testified, strengthening supervision so that they address taking more timely action. >> i appreciate that. the question is, is that happening? are the bank supervisors -- are the supervisors actually following through on the recommendations we set through the fdaic and the fed? >> i believe they are but fsoc is not a point to engage in the situations. i think calling on those agencies directly for follow-up is probably -- >> i appreciate that. let me jump to one final thing here. non-bank mortgage originators and servicers. i see in the data, and i am sure you see as well, they continue to gain market share from banks of the last 10 years
my question to you is in response to the fires of silicon valley banks. how have the agencies altered their approach to supervision? >> so, you know, this is a matter for the individual agencies but both the fdaic and the fed have put in domain reports on what happened . and these reports include analysis of the failings -- their own failings -- in terms of their supervisory programs. and, clearly, as i believe they have testified, strengthening supervision so that they address taking...
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opened during the silicon valley bank crisis a year ago march -- nearly exactly one year ago i believe it was march 9th that is set to close next monday. they are going to shut that off. how much of a problem will that be, professor? >> in the near term it is not as big of a problem because the loans -- under two on the program will -- for another year. so in other words it is -- it's really shuts down the ability to borrow but outstanding are still dead but i agree with what he said just to reiterate one point it is a confidence game and, obviously, traders and investors do understand what the regulators are aware of that having said that i think in terms of smaller and mid-size buyings -- you could see even general talking about that. i think might be fine with certain number of regional banks getting in trouble as soon as it doesn't have a systemic implication for the entire physical system and all we are saying is that, you know, the risk has not been eliminated but it is a confidence game as long as traders believe that fed has regulators have it, fed has it depositors stay with t
opened during the silicon valley bank crisis a year ago march -- nearly exactly one year ago i believe it was march 9th that is set to close next monday. they are going to shut that off. how much of a problem will that be, professor? >> in the near term it is not as big of a problem because the loans -- under two on the program will -- for another year. so in other words it is -- it's really shuts down the ability to borrow but outstanding are still dead but i agree with what he said just...
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Mar 1, 2024
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valley bank.very sort of specific, not to mention where it was taking in assets from in terms of where it was making its loans. that said, given the turmoil that's been around this bank for some period of time now, at least call it the last month or so, there is concern about deposit flight. it didn't really happen when they first sort of acknowledged there was weaknesses in the portfolio of assets they received from signature bank, but, you know, you have to wonder about the underwriting and what took place and question the fdic and the agents it used in the signature bank portfolio. this is the last thing you want to see happen. the portfolio you were taking from a failed bank actually is going to cause or be part of potential stress at another institution. we'll keep a close eye. deposit flight is one of the key questions here. didn't happen when they first reported the loss. >> although, the more the stock falls the more you wonder about deposit flight that causes that concern. i will note lac
valley bank.very sort of specific, not to mention where it was taking in assets from in terms of where it was making its loans. that said, given the turmoil that's been around this bank for some period of time now, at least call it the last month or so, there is concern about deposit flight. it didn't really happen when they first sort of acknowledged there was weaknesses in the portfolio of assets they received from signature bank, but, you know, you have to wonder about the underwriting and...
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Mar 1, 2024
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a big run on silicon valley bank as a result of some of the tech pros saying get the hell out of there. they knew. first republic i think was part of the fallout of that. new york community bank was opportunistic. they acquired deposits from signature. sonali: i want to switch gears because we know about the stresses in the regional banking system. there's also a lot of stress in washington. this is a much bigger problem on the banking system. this comes at a time where the u.s. is issuing an extraordinary amount of debt. congress has been able to approve interim funds. but you worry about the band-aid coming off and what that means for the march 8, march 20 second deadlines. how much volatility do you expect and what worries you? >> i think the new speaker who succeeded mccarthy as a result of mccarthy's inability to get out of the house, the 12 appropriation bills that in time -- congress hasn't produced a budget on time since 1997 and as a result use these continuing resolutions to ensure the government has funded without necessarily having debated budgetary priorities and reset the
a big run on silicon valley bank as a result of some of the tech pros saying get the hell out of there. they knew. first republic i think was part of the fallout of that. new york community bank was opportunistic. they acquired deposits from signature. sonali: i want to switch gears because we know about the stresses in the regional banking system. there's also a lot of stress in washington. this is a much bigger problem on the banking system. this comes at a time where the u.s. is issuing an...
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Mar 14, 2024
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serena is a senior vice president at silicon valley bank.se two women and especially honored to be a trans woman that's been asked during this month to appear on this panel. okay, well, give us a little preview then. can you at least talk about how you have helped shape the bay area in terms of the kind of work that you do there as a leader at sf pride? well, i don't know if i really shaped it, but i, i think the economic impact of san francisco pride in this city coming out of the pandemic, i think we've made the case for the city that we really are in the fabric of the city, and our economic impact is really, really vital to the city right now. and i think we've been able to tell that story very, very good. so you talked about how you're the first trans woman to hold this office. how has your experience as a trans woman guided the work that you do? not just there, but the work that you've done for me and made it possible. people like theresa sparks. yeah can you talk about you took over in 2022. this was it was kind of unexpected when you
serena is a senior vice president at silicon valley bank.se two women and especially honored to be a trans woman that's been asked during this month to appear on this panel. okay, well, give us a little preview then. can you at least talk about how you have helped shape the bay area in terms of the kind of work that you do there as a leader at sf pride? well, i don't know if i really shaped it, but i, i think the economic impact of san francisco pride in this city coming out of the pandemic, i...
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Mar 22, 2024
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valley bank. banks are realizing that even though we keep hearing these dire commercial real estate stories and dire stories about we have this refunding, all of this debt has to be termed out, there is the realization that if something goes wrong there will be a backstop for it. that makes people feel better about banks. that hasn't been explicitly said, but if you take the totality of the evidence, the odds are you will get something done if you see a crisis in commercial real estate, which we keep hearing that valuations are lower. the fact that you have private credit being able to do that may let that be less of the crisis than we are expecting. lisa: does this mean there are other areas that could benefit from the fed implicitly being thrown into the market in a massive way that you are leaning into? sarah: that is where you switched. in august and september of last year you were worried that the fed was gone, and now it seems the fed put is back. it is hard to argue. it is the don't fight t
valley bank. banks are realizing that even though we keep hearing these dire commercial real estate stories and dire stories about we have this refunding, all of this debt has to be termed out, there is the realization that if something goes wrong there will be a backstop for it. that makes people feel better about banks. that hasn't been explicitly said, but if you take the totality of the evidence, the odds are you will get something done if you see a crisis in commercial real estate, which...
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valley bank, we turn now to pennsylvania and a shocking attack in a woman's backyard. >> it was justshe was so aggressive. she was all over me. >> leanne galante is recalling the moment a black bear attacked her in her backyard north of pittsburgh. >> she had me down and she put my arm. she was on top of me. i thought, you know, i thought she had just let her dog smokey out tuesday night. >> having no idea that a female bear was lurking in the dark until she saw bear cubs in her neighbor's tree. there were three of them. >> if you were to see that big. those bears were in that tree. and how big she was, she just kept coming. but i didn't want her to eat my baby. and if she would have taken one bite, he would be dead somehow. >> the mama bear got distracted, and galante got herself and her dog back inside. >> i thought, oh my gosh, what if she's right behind us? and i slam the door and i was at. >> galante suffered injuries to her head, neck and arm and may need surgery for broken bones in her face. >> she is a trooper. when we first saw her, she certainly was very traumatized. but de
valley bank, we turn now to pennsylvania and a shocking attack in a woman's backyard. >> it was justshe was so aggressive. she was all over me. >> leanne galante is recalling the moment a black bear attacked her in her backyard north of pittsburgh. >> she had me down and she put my arm. she was on top of me. i thought, you know, i thought she had just let her dog smokey out tuesday night. >> having no idea that a female bear was lurking in the dark until she saw bear...
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and congress after silicon valley bank failed, congress marked that bill up.ajority in support of it. now it's just kind of stuck there. so i do think that's something that, yes, for this handful of banks that need to be focused like a laser on their commercial real estate exposure, i do think that would provide some additional incentives. but i repeat, the vast majority of regional banks, i think, are fine. liz: okay. >> we're going to have more failures, no doubt about that, and that shouldn't be a concern to people, at least households, main street if they're under the insured deposit levels. liz: i'm getting a wrap, but with i have to ask you, march 11th, monday, the fed's bank term lending program which was open for regionals to insure and stabilize the depositors one year ago during the sill is con valley -- silicon valley, signature bank with, crept suisse as well -- credit suisse as a well, that's scheduled to close on monday. is that going to be a mistake by the fed? >> well, you know, look, i applaud that they -- you don't want to let these special p
and congress after silicon valley bank failed, congress marked that bill up.ajority in support of it. now it's just kind of stuck there. so i do think that's something that, yes, for this handful of banks that need to be focused like a laser on their commercial real estate exposure, i do think that would provide some additional incentives. but i repeat, the vast majority of regional banks, i think, are fine. liz: okay. >> we're going to have more failures, no doubt about that, and that...
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Mar 11, 2024
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we're literally sitting here at the anniversary right now of when silicon valley bank and signature bankbank bailout in u.s. history just one year ago today. the market is up. everything is doing great but everything has been priced to perfection in my opinion and if we understand with what is happening with inflation right now, we have a hotter read. happening in unemployment, guess what? the numbers continue to get revised down after the headline comes out. we look back at these numbers, they're not as bullish as we started to see. >> right h. ashley: right. >> i think all forward indicators stirringsnalling recession are there right now, ashley. i think the backward looking ones the fed is paying attention to will catch up. ashley: i hear you loud and clear. message received david. [closing bell rings] thanks for joining us as we head towards the closing bell, the dow, how about that, up 56 point now in positive territory at least. nasdaq down. that's it for us. larry kudlow. ♪. larry: hello, folks, welcome t
we're literally sitting here at the anniversary right now of when silicon valley bank and signature bankbank bailout in u.s. history just one year ago today. the market is up. everything is doing great but everything has been priced to perfection in my opinion and if we understand with what is happening with inflation right now, we have a hotter read. happening in unemployment, guess what? the numbers continue to get revised down after the headline comes out. we look back at these numbers,...
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Mar 6, 2024
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valley bank collapse the kre regional banking etf is down about 6% since then joining me now on whatseeing is jim ryan the sixth largest commercial bank in the midwest. jim, it's great to have you here great to have you here in the studio. >> thanks, frank thanks for the opportunity. >> jim, you had earnings in late january, record eps, core deposit growth of 4% your stock jumped on the report. we're going to show the chart here you've had a strong quarter. how much does new york community bank and the issues there, how much do they affect your investor confidence and your customer confidence? >> i think earlier on the reports were like reopening the wounds from last march and april, so unfortunately all bank stocks took a dive having said that, i came off the road with 40-plus investors and ceos i think it's relatively isolated i think investors are gaining confidence interestingly enough, long-term investors and general investors are starting to come back and look at the space. i think they're doing their homework, not quite ready to get back in. i hope we get more clarify around i
valley bank collapse the kre regional banking etf is down about 6% since then joining me now on whatseeing is jim ryan the sixth largest commercial bank in the midwest. jim, it's great to have you here great to have you here in the studio. >> thanks, frank thanks for the opportunity. >> jim, you had earnings in late january, record eps, core deposit growth of 4% your stock jumped on the report. we're going to show the chart here you've had a strong quarter. how much does new york...
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Mar 8, 2024
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. >>> this weekend marks the one-year anniversary of the collapse of silicon valley bank and the shocksthe financial system. the biden administration is finding itself in a tough position to better regulate banks a year out. megan cassella joins us with more on the story. megan, good morning. >> good morning, frank. the push to raise capital bank requirements has been years in the making and one of the most concrete efforts to boost bank regulation since svb failed. the reporting shows opposition to the proposals is on track to delay finalization by what analysts say would be another year if not longer. regulators are left with two tough options at the moment. move forward with the rule as they have it with modest changes or face litigation from big banks or they could withdraw and start over. jay powell acknowledged for the first time this week that that is a real possibility. >> i will say we haven't made that decision. if and when we get to that point and that is the appropriate thing, we won't hesitate. >> you won't rule that out at this stage? >> not at all. i think it is a very pl
. >>> this weekend marks the one-year anniversary of the collapse of silicon valley bank and the shocksthe financial system. the biden administration is finding itself in a tough position to better regulate banks a year out. megan cassella joins us with more on the story. megan, good morning. >> good morning, frank. the push to raise capital bank requirements has been years in the making and one of the most concrete efforts to boost bank regulation since svb failed. the reporting...
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Mar 8, 2024
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valley bank story last year, but he is also a of this idea of capital plans and buffers and extra leveragethe bank system saying things are actually looking good. we are fine with the levirate system. it when it comes to liquidity, is this something we should be worried about at all in the u.s. despite consumer resilience? how quickly can the positive story snap into negative? >> how quickly is a hard question to answer. what we know is that the balance sheets in aggregate are much more resilient than they were in 2000 any -- in 2008. the fundamental position of real estate is not fundamentally misaligned for the state of the economy, but when you look at a lot of real estate transactions, some of them are on houses that are not even being built, so if you were to stop refinancing or keep financing cost prohibitive levels for too long when you are headed for rising unemployment the whole thing can go from slightly improving and manageable to all of the sudden i freezing of the market. kriti: a lot to digest. thank you for answering all of the questions i through you. we thank you so much.
valley bank story last year, but he is also a of this idea of capital plans and buffers and extra leveragethe bank system saying things are actually looking good. we are fine with the levirate system. it when it comes to liquidity, is this something we should be worried about at all in the u.s. despite consumer resilience? how quickly can the positive story snap into negative? >> how quickly is a hard question to answer. what we know is that the balance sheets in aggregate are much more...
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Mar 12, 2024
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regional banks in focus, one year after the collapse of silicon valley bank.sk, closing the cash infusion deal agreed to last week, announcing plans to submit a 1 for 3 reverse stock split of its common stock to shareholders. nycb stock is down better than 68% just this year, year-to-date. joining me is the ceo of kbw, thomas mishow with us. thank you for being here. your firm is the leader in terms of this bank research. i want to get your take on the stability of these banks. we had the collapse of svb one year ago and now we're questioning the state of regional banks after what we're seeing happening with new york community. >> maria, good morning. it's two things. one is while three banks unfortunately spectacularly failed last spring, 4700 did not. the industry is resilient. that won't stop the challenges of commercial real estate. i heard you speak about new york community. commercial real estate losses are going up and it's going to go up for banks, it's going to go up for nonbanks involved in the industry. and like you said, the question is how resilie
regional banks in focus, one year after the collapse of silicon valley bank.sk, closing the cash infusion deal agreed to last week, announcing plans to submit a 1 for 3 reverse stock split of its common stock to shareholders. nycb stock is down better than 68% just this year, year-to-date. joining me is the ceo of kbw, thomas mishow with us. thank you for being here. your firm is the leader in terms of this bank research. i want to get your take on the stability of these banks. we had the...
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Mar 4, 2024
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ed: a lesson i learned from a year ago, silicon valley bank, is how concentrated the access to workingapital was for technology companies. sme's essentially. what was the one take away, permanent change of the last 12 months resulting from that saga? bruce: people were a bit envious about how silicon valley had locked in a lot of that customer base, first republic also. now the demise of those create an opportunity for folks. it is all about talent and commitment, it's about strength of offerings and keep abilities. we are marching right into help fill that void. caroline: you will hear from those businesses, sectors at your event this week. bruce van saun, chairman of the citizens financial group. coming up, let's talk about legal ramifications. musk suing openai. why this lawsuit matters. this is bloomberg technology. ♪ hey you, with the small business... ...whoa... you've got all kinds of bright ideas, that your customers need to know about. constant contact makes it easy. with everything from managing your social posts, and events, to email and sms marketing. constant contact deliv
ed: a lesson i learned from a year ago, silicon valley bank, is how concentrated the access to workingapital was for technology companies. sme's essentially. what was the one take away, permanent change of the last 12 months resulting from that saga? bruce: people were a bit envious about how silicon valley had locked in a lot of that customer base, first republic also. now the demise of those create an opportunity for folks. it is all about talent and commitment, it's about strength of...
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Mar 8, 2024
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this weekend marking the one-year anniversary of silicon valley bank collapse.n? >> apple shares off seven straight days of losses. could this be the beginning of more declines maybe? what the charts may be signaling. >> gold has been soaring to record highs up almost 4% this week. how to play that as "squawk on e re" ntuein a moment. bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading. and sharpen your skills with an immersive online education crafted just for traders. all so you can trade brilliantly. is it possible to count on my internet like my customers count on me? it is with comcast business. keeping you up and running with our 99.9% network reliability. and security that helps outsmart threats to your data. moaire dida twoo? - your data, too. there's even round-the-clock customer support. so you can be there for your customers. with comcast business, reliability isn't just p
this weekend marking the one-year anniversary of silicon valley bank collapse.n? >> apple shares off seven straight days of losses. could this be the beginning of more declines maybe? what the charts may be signaling. >> gold has been soaring to record highs up almost 4% this week. how to play that as "squawk on e re" ntuein a moment. bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms. unlock...
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is a little different from what happened in silicon valley bank and first republic which was a mismatchtiming of their liabilities and deposits or investments that they had like loans on the balance sheet. that is part of the new york community bank story but more the bank itself and its management did not have control, and risk management policies. a week ago when the news broke the auditors said there was material weakness. a management shakeup which led to a stock decline. there are core issues on the balance sheet, it is a different story than the run on the bank, caused its collapse. neil: the bank stock stabilized today. the magnificent seven, lost the other day, $233 million market value collectively. not so much tesla, no longer one of the largest or 10 largest companies and the least magnificent of those seven. what do you make of that? >> i own it because regulators want us to say that. let's talk about tesla's market, still more than ten times that of gm and ford. it's a technology company in the eyes of some and part of that magnificent 7. it's reverting back to being a car
is a little different from what happened in silicon valley bank and first republic which was a mismatchtiming of their liabilities and deposits or investments that they had like loans on the balance sheet. that is part of the new york community bank story but more the bank itself and its management did not have control, and risk management policies. a week ago when the news broke the auditors said there was material weakness. a management shakeup which led to a stock decline. there are core...
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Mar 11, 2024
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a year after silicon valley bank's collapse, the rules are still catching up as you new proposed baselbank discomfort. new york bank corp. is facing stability risks. the stock is down better than 66% year-to-date, ken. what are your thoughts on the banks right here? >> we're all over this. and i think the journal's got this wrong. because the basel 3 end game for everyone is mostly about the largest banks that have systemic risk to things like a black swan in the market and had there we're going to see a higher capital build required for the jp morgans and banks greater than 100 billion. move to the regional banks or smaller banks, it's idiosyncratic even as jamie dimon has said it's been poor management of really their loans, that was true with new york community bank or there was depositor duration risk so it's really two dynamics of one where we're going to see more regulation will be with the largest banks and then unfortunately with some of the smaller banks they'll pop up from time to time where we see a bank specific issue. maria: i mean, it's interesting to watch this bifurcati
a year after silicon valley bank's collapse, the rules are still catching up as you new proposed baselbank discomfort. new york bank corp. is facing stability risks. the stock is down better than 66% year-to-date, ken. what are your thoughts on the banks right here? >> we're all over this. and i think the journal's got this wrong. because the basel 3 end game for everyone is mostly about the largest banks that have systemic risk to things like a black swan in the market and had there...
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we had the banking, quote, crisis, unquote when silicon valley and first republic went down and thens took action, kind of postponed that. we're now seeing aftershocks work through and we're certainly going to see more takeovers. maria: well, mike lee, jump in here. because don't forget, new york community bank corp. picked up some of the leftovers from the failed signature bank last year and so you've got more assets there, stock down 30% this morning. michael lee. >> so brad, inflation seems to be pretty sticky and every time we've seen inflation top 6% it's traveled -- it's fallen and then traveled back above 6%. i don't know if we're necessarily going to get that but it seems to me these hopes of fed rate cuts are a little bit overdone until we see better inflation data take. what are your thoughts on that? >> completely agree. everyone is saying when is the fed going to cut, how much is the fed going to cut. i think that's the wrong question. the right question is why would the fed cut. employment is still very strong. we'll see if that holds next week. inflation is still high.
we had the banking, quote, crisis, unquote when silicon valley and first republic went down and thens took action, kind of postponed that. we're now seeing aftershocks work through and we're certainly going to see more takeovers. maria: well, mike lee, jump in here. because don't forget, new york community bank corp. picked up some of the leftovers from the failed signature bank last year and so you've got more assets there, stock down 30% this morning. michael lee. >> so brad, inflation...
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Mar 14, 2024
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. >>> now the cfo sounded a note on the lender acquisition of the silicon valley bank after the purchase year ago. >> it was a great acquisition. we loved the opportunity. we love the strategic fit. it is in our genes to bank entrepreneurs. we will continue to invest in it. we have been investing across the world to support the uk strength hub which we acquired. we will continue to work the opportunities. >>> pitch book's research on the women in vc shows activity in europe still is male dominated. women show a growing fraction over the last couple of years. our next guest at pitch book joins us to discuss more. great to see you. >> great to be here. >> the numbers and the word fraction came in with women and access to financing for startups. what does it look like for women trying to begin a new business in europe and in the united states at this stage? >> right. we see women growing their presence in the venture ecos ecosystem. female founders seeing growth over the past decade. look at the amount of capital raised last year. it is ten times the amount they raised in 2013. there has be
. >>> now the cfo sounded a note on the lender acquisition of the silicon valley bank after the purchase year ago. >> it was a great acquisition. we loved the opportunity. we love the strategic fit. it is in our genes to bank entrepreneurs. we will continue to invest in it. we have been investing across the world to support the uk strength hub which we acquired. we will continue to work the opportunities. >>> pitch book's research on the women in vc shows activity in...
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more difficulty and if you see our flight on deposits like we saw after silicon valley bank this coulde a massive disaster. maria: that's what i wanted to ask you about. if we see this spiral and become a problem for the major banks, that's where you start seeing the idea the entire market is going to get impacted by this. do you. of the larger banks will be holding the back of this? >> i believe larger banks will benefit dramatically from this. if you look at jpmorgan's earnings growth in the last year it has been substantial, the pickup they got from first republic was spectacular, the number of people going from these regional banks that have wonderful service, personalized relationships and global banks has been dramatic, it has been, jpmorgan in particular has profited handsomely from that. the fed will be holding the bag for the small banks which is bullish for bitcoin to take it all back. maria: you mentioned the legislation backdrop for bitcoin. i know bitcoin is rallying but right now the securities and exchange commission and other agencies are trying to figure out the right
more difficulty and if you see our flight on deposits like we saw after silicon valley bank this coulde a massive disaster. maria: that's what i wanted to ask you about. if we see this spiral and become a problem for the major banks, that's where you start seeing the idea the entire market is going to get impacted by this. do you. of the larger banks will be holding the back of this? >> i believe larger banks will benefit dramatically from this. if you look at jpmorgan's earnings growth...
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Mar 11, 2024
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following shares in the week shares of new york community bank are down after the collapse of siliconley bank, but your next guest sees optimism from mid-cap banks with potential rate cuts expected later on had year. jared shaw is a midcap bank analyst at barclays. he just initiated with a positive view and welcome. it's a bigger story than just the stocks that you cover. new york community bank shook a lot of people up and we thought the worst was behind us a year ago and now we have this, again, but is nycb an nycb-specific issue? >> yeah. thanks for having me on, broad brian. good afternoon. i do think there are unique aspe aspects to the nycb story. they grew very rapidly over the last year and a half partly from another acquisition and they changed the regulator with the sec any with that comes different requirements and maybe a different way of looking at things. part of what you're seeing with nycb are growing pains as they've grown into this bigger size, but it's really not reflective of the broader market. you've brought up the one-year anniversary and you saw the strain that
following shares in the week shares of new york community bank are down after the collapse of siliconley bank, but your next guest sees optimism from mid-cap banks with potential rate cuts expected later on had year. jared shaw is a midcap bank analyst at barclays. he just initiated with a positive view and welcome. it's a bigger story than just the stocks that you cover. new york community bank shook a lot of people up and we thought the worst was behind us a year ago and now we have this,...
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. >> this is dÉjÀ vu, tomorrow one-year anniversary from silicon valley bank crisis could mean anotherne-billion-dollar equity investment you mentioned stock halted multiple times during trading losing over 40% yesterday below 2 dollar mark finished 70% up, up premarket trading the majority of that billion dollars is coming from former treasury second steve minimum shooun, down 6 % year-to-date challenges admitting last week to material weakness in internal controls, would be common issue across the banking sector exposure to commercial real estate right 929 billion in loans coming due this year refinancing rate environment remains high could be tough further already overpaying to lure customers from big banks can't afford hiccups the question will customers feel comfortable or remove deposits we saw how quickly it causes contagion first rep was casualty of the signature troubled i note they assessed cash infusion before getting bought the fed announced would end bank term funding program on monday, it couldn't come at more precarious time i leave you with this monitoring a conference
. >> this is dÉjÀ vu, tomorrow one-year anniversary from silicon valley bank crisis could mean anotherne-billion-dollar equity investment you mentioned stock halted multiple times during trading losing over 40% yesterday below 2 dollar mark finished 70% up, up premarket trading the majority of that billion dollars is coming from former treasury second steve minimum shooun, down 6 % year-to-date challenges admitting last week to material weakness in internal controls, would be common...
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Mar 4, 2024
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katie: about one year since the collapse of silicon valley bank. lot of heat in the aftermath of that. david: they were not as aggressive as they should have been, a dispute if that was at the regional or national level. but she think they have learned their lesson, at least they know it is coming when it comes. katie: what does the outlook look like right now in her view? david: one of the things that she says, others say, commercial real estate covers a lot of things. things that are very successful like data centers, warehouse, multi family dwellings. it is specifically the office area, and there will be some pain. you are seeing some of that already. katie: you are seeing that on the cre and regional banks side. that was the conversation with mary daly. who do you have coming up? david: the editor of the economist. we will talk to her about an interesting cover, saying that a market may be overstated, may be headed for more troubles for structural reasons. that is coming up on friday at 6:00 eastern time on wall street week. katie: really looki
katie: about one year since the collapse of silicon valley bank. lot of heat in the aftermath of that. david: they were not as aggressive as they should have been, a dispute if that was at the regional or national level. but she think they have learned their lesson, at least they know it is coming when it comes. katie: what does the outlook look like right now in her view? david: one of the things that she says, others say, commercial real estate covers a lot of things. things that are very...
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Mar 8, 2024
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. >>> it's been one year since the meltdown of silicon valley bank. now, technically it's this weekend it will be one year, but we're close. it was the largest bank failure since the global financial crisis and the government stepped in to save all those start-ups and venture capital firms who would otherwise have lost everything, even though that was not technically how the rules worked. but what we saw after that or began to appreciate was we see the start-ups getting a $20 million check, it only insures up to $200,000 and they didn't know what to do with their money anymore because banks weren't safe, which is a very silicon valley problem. but it's still a problem. >> okay, you had a good guess a little while ago. the merging of two restaurants. >> burger king and dairy queen. >> that was a good one. what do you think about pairing pasta or chicken salad, with pancakes? you may soon have a chance. are you ready for apple hop? considering a unique partnership, they want to open an ihop and applebee's restaurants sharing the same space. so far, no i
. >>> it's been one year since the meltdown of silicon valley bank. now, technically it's this weekend it will be one year, but we're close. it was the largest bank failure since the global financial crisis and the government stepped in to save all those start-ups and venture capital firms who would otherwise have lost everything, even though that was not technically how the rules worked. but what we saw after that or began to appreciate was we see the start-ups getting a $20 million...