![]() ![]() Its failure-the first of a few over the span of several weeks, including Signature Bank and Silvergate Capital-has been attributed to an array of issues: Democrats blamed it on Congressional Republicans’ loosening of banking regulations in 2018, though major Republicans, including former President Donald Trump, have rebuked that, with Trump’s spokesperson Steven Cheung accusing Democrats of trying to “gaslight the public to evade responsibility. From post-crisis ash crashes to the recent illiquid trading in Italian bonds, markets have become familiar with a pattern: Liquidity seems to evaporate as volatility rises, arguably leading to price moves that seem excessive relative to their fundamental catalyst (if there is even one at all). Shares plummeted following the bank’s sale of $21 billion in securities in a quick move to build cash and as it looked for a potential buyer, though it lost $1.8 billion in the process. Explaining his bullish stance, the analyst writes: FOUR is one of our top ideas. Not that Nance is bothered by that issue. Goldman Sachs Group is winding down its Global Macro Proprietary Trading desk to comply with the Volcker rule curbing the ability of banks to take risks with their own capital. ![]() ![]() ET) The US may yet avoid a recession but still faces the possibility of mini stagflation, Goldman Sachs Group Inc. Drawing on the depth and breadth of their market and economic expertise, our global macro strategists offer insight into todays big. Shares fell badly in the aftermath of the report’s release, which Goldman Sachs analyst Will Nance attributes to the guide falling short of investors’ high expectations. Goldman’s Waldron Says ‘Mini Stagflation’ Possible (9 a.m. Days before its failure, the bank suffered a swift bank run as depositors withdrew their money. The consensus estimate stands at 2.66 billion. Treasuries and securities lost value as the Federal Reserve hiked interest rates to combat rising inflation. responsibilities for Repo and Short Term Macro Trading, and co-head of Global Interest Products Trading at Goldman Sachs. The collapse at the Santa Clara, California-based firm came as its investments in debt, including U.S. Silicon Valley Bank’s collapse in March was the biggest bank failure since the start of the Great Recession 15 years earlier. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |