RIA Channel’s Post

Wherever Archegos, trouble follows... Archegos truly is the gift that keeps on giving. Prosecutors in the Justice Department’s criminal antitrust division have apparently made fresh inquiries into emergency talks the banks held in March 2021, where participants floated proposals to coordinate an orderly liquidation of the Archegos portfolio to minimize their own losses. The DOJ is probing if there was collusion or a conspiracy to collude to control prices in those chats. At least three banks - Credit Suisse, Nomura and UBS - reached a managed liquidation agreement to sell down parts of their Archegos exposure. Others like Goldman Sachs, Morgan Stanley and Deutsche Bank explored such an agreement before deciding against it. So much for safety in numbers; the few that did reach an agreement ended up with the lion’s share of $10 BN in losses. And one, Credit Suisse, later collapsed. Adding insult to financial injury, after losing billions or in the case of CS literally going under, the Justice Department is now contemplating punishing those who coordinated their response by declaring the strategy illegal. Read Ava Benny-Morrison and Sridhar Natarajan: https://lnkd.in/ewX2rTHR #investing #archegos #stocks #bonds

Great post from Steven Grey. Managing margin is the critical ability in times of stress. From LTCM to Archegos, having the right view and ability to execute has proven critical. In many cases it's also binary. At a time when internally lots are citing relationship, or possible legal ramification, its important to have good data, understand the liquidity and balance of probabilities and then be able to execute -even if that incurs a loss. There are often no 'right answers'. (But delay almost always incurs a bigger loss -as scarce liquidity evaporates from a crisis like a puddle in a heatwave).

Amy Dietz- Graham and John Riedl, CFA both joined National Bank Financial over two years ago. Check out the full video in the link to hear why they made the move, and more importantly, why after two years, they are both seeing growth in their businesses and their families think they are happier. Our story is the best on the street and we continue to attract the best. Interested in learning more? Check us out here: https://lnkd.in/gK46NPjz #bestofbothworlds #culturematters #advisors #wealthmanagement #wealthadvisor

"Buy when there is blood on the streets, even if some of the blood is your own.." It's not that difficult really, it just feels "wrong somehow ?.." 😕 "Buy when there's blood in the streets, even if the blood is your own" is commonly attributed to Nathan Mayer Rothschild, an 18th century British banker and member of the Rothschild banking family. However search results indicate that the origin of this quote is uncertain, and it is likely that Rothschild himself did not actually say these exact words The underlying investment advice of buying when markets are in distress is sound, but the specific phrasing of the quote may have been popularized later on, rather than originating directly from Rothschild. So treat days like this as a Sale Day. Sale days, are when assets go on sale.. #KISS Guilty of some gluttony today actually.. This chart below tells a story of how I handle the Market with a small percentage of my portfolio.. #NFA NEVER RISK EVERYTHING #0DOUBT #Flare #XRP #XLM 😆

Eagle Bancorp Inc. is proud to announce strategic steps to support future growth, including a five-year senior debt transaction totaling $77.7 million and a recalibrated dividend plan for the third quarter of 2024. Over the past 18 months, the Company has enhanced its senior management team, taken steps to grow deposits and improve the quality of its funding profile, added to its allowance for credit losses, and expanded the granularity of its CRE office disclosure. These capital actions reflect our commitment to long-term success and the confidence our investors place in us. Read the full press release to learn more about our path forward: https://lnkd.in/esaQg-MX MEMBER FDIC #EagleBank #GrowthStrategy #CommunityBanking #FinancialSuccess #CorporateFinance #InvestmentStrategy #BusinessGrowth #CapitalMarkets

Really great insights, here especially in light of the smoker of a NFP report this morning. If you’ve been around markets long enough you get used to how often markets get ahead of themselves based on narratives, and narratives around fed policy are no exception. My personal bias is it’s likely that the combined impact of post covid fiscal stimulus, structural labour force tightness, wage growth, capex and now growing productivity in the corporate sector. Has kicked off sustained demand that is in effect a regime change in how the US economy performs. Especially, compared to the prior forty years. This likely points to higher for longer on US rates. To John’s point, if we actually do see 150 bps of cuts over the next 18 months, that would be indicative of an intense contraction in the economy. Which really shifts what the driver of consolidation in regional banking would be.

Markets Close In Red | Nifty Realty Surges | JPMorgan Upgrades Ratings On IT Firms | Last Tick. Watch the insightful video with Mr Rohit Srivastava on News9 Live - https://buff.ly/3tMS3pK #StockMarketRed #NiftyRealtySurge #JPMorganUpgrade #ITFirms #MarketAnalysis #News9Live

CB Warburg's Q3 2024 Market Report is here! 2023 was a down year in volume (primarily due to interest rate hikes in late 2022), but activity seems to be picking up after rates topped out and have now started decreasing. 2025 looks promising if you're planning to buy or sell, as total activity should be stronger. #coldwellbankerwarburg #coldwellbanker #nyc #nycrealestate

Rob Dwyer - Thank you again for the chat and chance to talk loans. We covered a lot of ground! A few snippets. "John Toohig, managing director and head of whole loans trading at investment bank Raymond James, is in the perfect position to view this type of activity. He notes that private credit funds have been entering the space recently, although he is cautious of categorising this as much of a new phenomenon." “If we do get seven cuts, like the market wants, I think that’s recessionary,” says Toohig. “That means the Fed is applying stimulus. We’re not just taking a little heat off the top of the stove – we would be talking about distress, and I think that changes the entire narrative of what M&A might look like, because then you’re starting to really pick winners and losers based on the credit quality of a portfolio.” “The Federal Home Loan Bank is not meant to be a lender of last resort,” says Toohig. “It is meant to be a funding outlet for those institutions that have mortgages. So there are some suggested changes going through where maybe banks have to have 10% of their assets placed there to show that they are a regular user, and not just an emergency user.” While Toohig thinks reform is warranted, the complete removal of emergency FHLB lending – which some critics have called for – would create more problems than it would solve." #credit #trading #lending #markets

Warren Buffett, the renowned investor and CEO of Berkshire Hathaway, is making headlines with a significant shift in his investment strategy concerning Bank of America (BofA). Over a span of three days—Tuesday, Wednesday, and Thursday—Berkshire Hathaway sold a staggering 19.2 million shares of BofA, amounting to nearly $779 million. This was accomplished at an average selling price of $40.52 per share, as per a recent regulatory filing. More Insights : https://lnkd.in/exFkrc_B #FinanceNews #WarrenBuffett #BankOfAmerica #BATVJA #dawgenglobal #InvestmentStrategies #StockMarket #FinancialSector