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Search resuls for: "Pierpont Morgan"


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Cashin was one of the great historians of the stock market, but he was not an academic. Tiffany, Cashin said, knew that J.P. Morgan loved diamond stickpins, which he used to put in his tie. For Cashin, that Merrill Lynch manager was the perfect stock market Sherlock Holmes: Don't just consider what you hear. How do you tell a story about the stock market? Let's get back to the story about J.P. Morgan, Tiffany and price discovery.
Persons: Cashin, Jack, Here's, Charles Lewis Tiffany, John Pierpont Morgan, Tiffany, J.P, Morgan, you've, Cashin Adam Jeffery, John F, Kennedy, Tommy McKinnon, Merrill Lynch, Tommy, Sherlock Holmes, Let's Organizations: NYSE, CNBC, UBS, New York Stock Exchange, Cuban Missile, Parkland Hospital, didn't, Merrill Lynch Dallas, Dow Jones Locations: Dallas, Parkland, Wall Street, U.S
As the Titanic was the height of luxury in 1912, some celebrities had tickets for its maiden voyage. But not all of them ended up boarding the ship. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe sinking of the Titanic in April 1912 still captivates us today, with numerous books, a multibillion-dollar movie, museums, and, controversially, expensive tours of the wreckage available.
Persons: Pierpont Morgan, Milton Hershey, , didn't — Organizations: Service
Why, then, has Dimon been so willing to swing back into action in the wake of Silicon Valley Bank's collapse? But it's starting to look like JPMorgan — and Dimon — will end up winners no matter how things turn out. In backstopping First Republic, JPMorgan helps a client and a bank that experts say would fit nicely into its business. By saving First Republic, JPMorgan also stands to gain goodwill from Silicon Valley startups, which are customers of the smaller bank. The paper also reported that regulators asked Dimon, Bank of America, and other banks to buy Silicon Valley Bank and pay out depositors over the insured limit.
Where is Silicon Valley's J. Pierpont Morgan?
  + stars: | 2023-03-17 | by ( Anita Ramaswamy | ) www.reuters.com   time to read: +3 min
After withdrawals lashed the banking system in 1907, financier J. Pierpont Morgan corraled his peers into using their own money to calm the crisis. The contrast with Silicon Valley – which is also embroiled in the ongoing firestorm – couldn’t be more stark. Startup and technology firms’ cash crunch precipitated the fall of Silicon Valley Bank and its parent SVB Financial (SIVB.O), which in turn sparked panic in the financial system. Silicon Valley is fragmented and built on an individualistic ethos. Real, toothsome regulation might force Silicon Valley’s great minds to realize how interconnected their ecosystem is.
Sam Bankman-Fried has found sympathy from Bahamians after his crypto empire imploded, according to a New York Times report. One reason Bahamians may express sympathy towards SBF is because of local laws that make it difficult for them to invest in crypto. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. His presence in the Bahamas attracted well-to-do investors to the island via crypto conferences. That's because local rules make it difficult for Bahamians to buy cryptocurrencies, as there are various hurdles they need to navigate.
Sam Bankman-Fried's Alameda plans to give crypto worth $200 million to Voyager to pay off a loan. The loan was worth $377 million before the crypto slump, which helped push lender Voyager into bankruptcy. Alameda agreed to make the payment in bitcoin, ether and seven smaller cryptos by the end of September. For its part, Voyager will return the tokens Alameda pledged as collateral against the loans, including 4.65 million FTT and 63.75 million SRM tokens. In July, the crypto billionaire offered Voyager $250 million in credit, but the crypto lender turned it down.
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