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☆ How big banks won the banking crisis
▼ + stars: | 2023-09-05 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Before the Bell: Now that the dust is hopefully settling on this year’s regional banking crisis, are there clear winners and losers in the banking sector? David Kotok: There’s no question the [global systemically important banks, G-SIB] won and the middle-sized banks — let’s call that banks with between $50 billion and $250 billion in assets — were the losers. So if you stand back from the immediate 2023 banking crisis, and you say, how many banks were there 20 years ago in the United States, how many banks are there today? The UK economy is bigger than we thoughtThe UK economy recovered from the Covid-19 pandemic much faster than previously thought, reports my colleague Hanna Ziady. For many office workers around the United States, it also means more return-to-office mandates.

Persons: JPMorgan Chase, Bell, David Kotok, he’s, SIB, Jamie Dimon, J.P, Morgan, hasn’t, Hanna Ziady, John Springford, Andy Jassy, CNN’s Jeanne Sahadi, unaddressed, Merck Organizations: CNN Business, Bell, New York CNN, Silicon Valley Bank, UBS, JPMorgan, Republic Bank, Cumberland Advisors, —, Credit Suisse, First, Federal Reserve, Office, National Statistics, ONS, Centre, European Reform, Labor, Amazon, Business Locations: New York, Silicon, First Republic, United States, Jekyll, America, Hanna Ziady ., Germany, Canada, Japan, Italy, France, Britain

Under the "stress test" exercise, the Fed tests big banks' balance sheets against a hypothetical severe economic downturn, the elements of which change annually. WHY DOES THE FED 'STRESS TEST' BANKS? It announces the size of each bank's stress capital buffer in the subsequent months. For example, the 2022 stress test envisioned a 5.8 percentage point jump in unemployment under a "severely adverse" scenario. This extra test will not count towards banks' capital requirements but will allow the Fed to explore applying multiple adverse scenarios in future.

Persons: Banks, Wells, Goldman Sachs, Morgan Stanley, Michael Barr, Pete Schroeder, Michelle Price, Andrea Ricci Organizations: U.S . Federal, Big, Fed, Citigroup, Bank of America, JPMorgan Chase &, Goldman Sachs, Deutsche Bank's U.S, JPMorgan Citigroup, Wells Fargo & Co, Bank, U.S, Treasury, Thomson Locations: Big U.S, Silicon

Under the "stress test" exercise, the Fed tests banks' balance sheets against a hypothetical severe economic downturn, the elements of which change annually. WHY DOES THE FED "STRESS TEST" BANKS? It typically publishes aggregate industry losses, and individual bank losses including details on how specific portfolios - like credit cards or mortgages - fared. It announces the size of each bank's stress capital buffer in the subsequent months. For example, the 2022 stress test envisioned a 5.8 percentage point jump in unemployment under a "severely adverse" scenario.

Persons: Banks, Wells, Goldman Sachs, Morgan Stanley, Michael Barr, Pete Schroeder, Michelle Price, Andrea Ricci Organizations: U.S . Federal, Fed, Citigroup, Bank of America, JPMorgan Chase &, Goldman Sachs, Deutsche Bank's U.S, JPMorgan Citigroup, Wells Fargo & Co, Bank, U.S, Treasury, Thomson Locations: Silicon

The latest case in point: The Federal Deposit Insurance Corp (FDIC) chose JPMorgan Chase & Co (JPM.N) as the winning bidder in an auction to buy collapsed lender First Republic Bank on Monday. FDIC officials, however, say would-be buyers risk losing out if they allow the value of an acquisition target to deteriorate over time while waiting for an FDIC receivership. SWEETENERSU.S. bank mergers were already sluggish as interest rates rose and recession loomed, analysts at Raymond James wrote in an Apr. The first quarter was the quietest opening to a year for bank deals in a generation, they said. Market volatility stops bank buyers from pulling together enough money to cover writedowns on struggling assets, which would be triggered by a traditional acquisition, said David Sandler, co-head of financial services investment banking at Piper Sandler Companies (PIPR.N).

Shortly after the opening bell Wednesday, we will buy 75 shares of TJX Companies (TJX) at roughly $73.50. Following today's trade, Jim Cramer's Charitable Trust will own 875 shares of TJX, increasing its weighting in the portfolio to about 2.57% from 2.36%. Markets are pointing to a sharply lower open Wednesday, with the S & P 500 sliding 1.75% in premarket trading. TJX YTD mountain TJX Companies (TJX) YTD performance That's what is drawing us to TJX Companies , the off-price retailer that appeals to consumers looking for a discount on quality merchandise. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ SVB is still looking for a buyer. Here is what we know so far.
▼ + stars: | 2023-03-13 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +5 min

The weekend came and went without a buyer for SVB Financial Group, the parent company of the failed Silicon Valley Bank. SVB Capital focuses on venture capital and credit investing and SVB Securities is its investment banking arm. Axios reported Monday morning that JPMorgan and PNC were in talks to acquire SVB Financial Group but not the failed commercial bank. SVB Securities, better known as SVB Leerink, the investment banking arm born out of SVB's 2018 acquisition of Leerink, is a very desirable business, he added. "SVB Leerink is a well-known name in the tech and healthcare space that will be attractive to someone," said Healy.

☆ As the market digests the banking crisis, Morgan Stanley is a buy. But investors should sit tight on Wells Fargo
▼ + stars: | 2023-03-13 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

Unlike Wells Fargo, Morgan Stanley's business model doesn't really depend on collecting deposits and issuing loans, which is the bread and butter of conventional banking. "We think we own the best with Morgan Stanley and Wells Fargo," Jim said. A compression of NIM can put downward pressure on overall earnings at a bank like Wells Fargo. For Wells Fargo and other consumer-oriented banks, investors aren't concerned that startup cash burn will cause deposit levels to decline. Pedestrians pass a Wells Fargo bank branch in New York, U.S., on Thursday, Jan. 13, 2022.

☆ Россия начала производство третьей вакцины против COVID-19
▼ + stars: | 2021-03-25 | by ( Mld Media Srl | ) noi.md time to read: +1 min

На площадке Центра имени Чумакова официально началось производство вакцины "КовиВак", сообщила пресс-служба Минобрнауки. "Таким образом, третья российская вакцина выходит в гражданский оборот и в ближайшие дни появится в регионах", — сказано в релизе. Предельная отпускная цена составляет 4330 рублей за десять ампул. В Центре Чумакова хорошо оценивают уровень антител у добровольцев и планируют осенью подать документы в ВОЗ на преквалификацию. "КовиВак" — это так называемая цельновирионная вакцина. Ранее сообщалось, что в основу "КовиВака" лег штамм, взятый от одного из пациентов московской больницы в Коммунарке.

Persons: Валерий Фальков Organizations: Центр имени Чумакова, Минобрнауки, Центр Чумакова, ВОЗ Locations: Коммунарке

☆ Пятна на языке могут стать признаком коронавируса
▼ + stars: | 2021-01-16 | by ( Mld Media Srl | ) noi.md time to read: 1 min

Учёные обнаружили новые редкие симптомы коронавируса. Так, признаком заражения COVID-19 могут стать язвы в полости рта и так называемый «ковидный язык» (светлые пятна). Ещё одним неочевидным признаком называют сыпь на коже. Ранее учёные рассказывали, что усталость, головная боль, кашель могут указывать на длительное течение коронавируса. Напомним, названы симптомы «‎британского» штамма коронавируса у детей.

Organizations: РИА Новости

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