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Top related persons:
NYCB - 4 Steven Mnuchin's - 4 Steven Mnuchin - 2 Ken Tumin - 1 Tumin - 1 ByteDance's - 1 ByteDance - 1 Mnuchin - 1
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Silicon Brooklyn New York City . Liberty ByteDance U.S China TikTok
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Strategic Capital - 4 York Community Bank - 3 Silicon Valley Bank - 2 New York City . New York Community Bank - 1 Banking - 1 U.S - 1 Liberty Strategic Capital - 1 Vision Fund - 1

Search resuls for: "Mnuchin's Liberty Strategic Capital"


7 mentions found


☆ New York Community Bank’s online arm is paying the nation’s highest interest rate
  + stars: | 2024-04-10 | by ( Hugh Son | ) www.cnbc.com   time to read: +1 min
A New York Community Bank stands in Brooklyn on February 08, 2024 in New York City. New York Community Bank , the regional lender that needed a $1 billion-plus lifeline last month, is offering the country's highest interest rate for a savings account. The standout rate could be a sign that NYCB is facing funding pressure, Tumin said. "It looks like they're trying really hard to attract deposits," Tumin said. The bank announced a capital injection from investors led by former Treasury Secretary Steven Mnuchin's Liberty Strategic Capital on March 6.
Persons: NYCB, Ken Tumin, Tumin, Steven Mnuchin's Organizations: York Community Bank, New York City . New York Community Bank, Banking, Strategic Capital Locations: Brooklyn, New York City .
☆ Former Treasury Secretary Mnuchin is putting together an investor group to buy TikTok
  + stars: | 2024-03-14 | by ( Rohan Goswami Jesse Pound | Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com   time to read: +3 min
Former Treasury Secretary Steven Mnuchin is building an investor group to acquire ByteDance's TikTok, as a bipartisan piece of legislation winding its way through Congress threatens its continued existence in the U.S. "It's a great business and I'm going to put together a group to buy TikTok." There's no way that the Chinese would ever let a U.S. company own something like this in China," Mnuchin said. Last week, Mnuchin's Liberty Strategic Capital was a lead investor in a $1 billion capital raise to stabilize New York Community Bancorp. That administration also took an antagonistic stance toward TikTok, which ultimately resulted in ByteDance striking a data partnership with Oracle .
Persons: Steven Mnuchin, ByteDance's, ByteDance, Mnuchin, CNBC's, Masa, Joe Biden, Peter Thiel, Vinod Khosla, Keith Rabois, TikTok, Shou Zi Chew, Wang Wenbin, Bobby Kotick, Donald Trump, Trump Organizations: U.S, Liberty Strategic Capital, Vision Fund, Senate, Lawmakers, China Foreign Ministry, Financial Times, Street, Activision, Community Bancorp, Oracle Locations: Liberty, ByteDance, U.S, China, TikTok, New
☆ It's been one year since SVB's collapse sent shockwaves through the banking sector. Here's where the industry and our financial names stand now
  + stars: | 2024-03-12 | by ( Morgan Chittum | ) www.cnbc.com   time to read: +7 min
It's been a year this week since the collapse of Silicon Valley Bank sent shockwaves through the banking sector. Wells Fargo shares got a big boost after a key win with regulators in mid-February. It would allow Wells Fargo to finally grow its assets again and help rake in more profits. MS YTD mountain Morgan Stanley (MS) year-to-date performance Conversely, the Club's other bank stock, Morgan Stanley , has been lagging in 2024 — down 7% year to date. A combination file photo shows Wells Fargo, Citibank, Morgan Stanley, JPMorgan Chase, Bank of America and Goldman Sachs.
Persons: It's, SVB, NYCB, Steven Mnuchin's, Wells Fargo, Wells, they've, Scott Siefers, Piper Sandler, we're, Charlie Scharf, Morgan Stanley, Morgan Stanley's underperformance, management's, Ted Pick, Jim Cramer, Morgan Stanley's, Morgan, Jim, Reddit, Jim Cramer's, JPMorgan, Goldman Sachs Organizations: Silicon Valley Bank, shockwaves, Bank, , New, , New York Community, Strategic Capital, Wells, Wells Fargo, Currency, Federal Reserve, CNBC, Club, Management, Morgan Stanley's IB, Citibank, JPMorgan Chase, Bank of America, Reuters Locations: Silicon, Wells, ,, , New York, Wells Fargo
☆ NYCB says it lost 7% of deposits in the past month, slashes dividend to 1 cent
  + stars: | 2024-03-07 | by ( Hugh Son | ) www.cnbc.com   time to read: +1 min
New York Community Bank said Thursday it lost 7% of its deposits in the turbulent month before announcing a $1 billion-plus capital injection from investors led by former Treasury Secretary Steven Mnuchin's Liberty Strategic Capital. The bank had $77.2 billion in deposits as of March 5, NYCB said in an investor presentation tied to the capital raise. NYCB also said it's slashing its quarterly dividend for the second time this year, to 1 cent per share from 5 cents, an 80% drop. In a little more than a month, the bank changed its CEO twice, saw two rounds of rating agency downgrades and announced deepening losses. At its nadir, NYCB's stock sank below $2 per share Wednesday, down more than 40%, before ultimately rebounding and ending the day higher.
Persons: Steven Mnuchin's, NYCB, downgrades Organizations: York Community Bank, Strategic Capital, Moody's, Mnuchin's Liberty Strategic Capital Locations: New York
☆ Why private equity has been involved in every recent bank deal
  + stars: | 2024-03-06 | by ( Hugh Son | ) www.cnbc.com   time to read: +2 min
Greg Nash | ReutersThe $1 billion-plus injection that New York Community Bank announced Wednesday is the latest example of private equity players coming to the need of a wounded American lender. Led by $450 million from ex-Treasury Secretary Steven Mnuchin's Liberty Strategic Capital, a group of private investors are plowing fresh funds into NYCB. That happened to Silicon Valley Bank, whose failure to raise funding last year was effectively its death knell. On Wednesday, headlines around noon that NYCB was seeking capital sent its shares down by 42% before trading was halted. "With private deals, you can talk for a while, and we almost got to the finish line before there was any publicity."
Persons: Jerome Powell, Steven Mnuchin, Greg Nash, Steven Mnuchin's, Warburg Pincus, HomeStreet, Steven Kelly, NYCB Organizations: Financial, Treasury, Reuters, York Community Bank, Strategic Capital, Centerbridge Partners, FirstSun, Wellington Management, Yale Program, Silicon Valley Bank Locations: Rayburn, Washington , U.S, NYCB, PacWest, Banc, California, it's, Silicon
☆ Trump and Kushner's Saudi Ties Are an Ethical Minefield: Watchdog
  + stars: | 2023-02-15 | by ( Charles R. Davis | ) www.businessinsider.com   time to read: +12 min
Weeks after leaving office, Jared Kushner obtained a $2 billion investment from the Saudi government. The Saudi support came despite the kingdom's own financial advisers urging against any investment in Kushner's new company, citing the "inexperience" of its top brass. Let's start with Jared Kushner before we get into the LIV Golf situation. You have John Bolton, Trump's own national security advisor, making it very clear that you had somebody, like Jared — and President Trump, apparently — working to promote their business interests. Trump, not only did he keep his company, the Trump Organization, but he's a transactional president, right?
☆ Opening keynote: Finance, technology and national security
  + stars: | 2022-12-12 | by ( Melissa Lee | ) www.cnbc.com   time to read: 1 min
Treasury Secretary Steven Mnuchin played a major role in pushing the 2017 Tax Cuts and Jobs Act through congress and in the Trump Administration's tumultuous trade negotiations with China, where technology was a central theme of those discussions. Now in the private sector, Mnuchin's Liberty Strategic Capital is investing $2.5 billion in startups focused on cybersecurity and fintech. He joined CNBC's TEC Summit on Nov. 15, 2022 with a wide-ranging discussion on geopolitical technology and finance issues. Steven Mnuchin, Liberty Strategic Capital Founder & Managing Partner and 77th US Secretary of TreasuryInterviewer: Melissa Lee, CNBC Host, "Fast Money" & "Options Action"
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