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☆ A new wave of robocallers are trying to scam crypto users — here's how the scam works and how to stop it
▼ + stars: | 2023-04-13 | by ( Madison Hall | ) www.businessinsider.com time to read: +5 min

Robocallers are beginning to target cryptocurrency investors, spoofing calls from Coinbase. These scams are particularly risky for crypto investors, as reclaiming lost assets is difficult. Doug Shadel, the managing director of Fraud Prevention Strategies who works alongside Nomorobo, told Insider he's noticed several different types of scams from robocallers trying to bilk crypto investors. He said cryptocurrency scams have often become like a new-age version of gift card scams. Staying secureInsider spoke to representatives from both hardware wallet Ledger and cryptocurrency exchange Coinbase whose users were targeted by robocallers.

☆ The World Is Ending, but It’s Been Ending Many Times Before
▼ + stars: | 2023-04-11 | by ( Gerard Baker | ) www.wsj.com time to read: +1 min

Gerry Baker is Editor at Large of The Wall Street Journal. His weekly column for the editorial page, “Free Expression,” appears in The Wall Street Journal each Tuesday. Mr. Baker previously served as Editor in Chief of The Wall Street Journal and Dow Jones from 2013-2018. Prior to that, Mr. Baker was Deputy Editor in Chief of The Wall Street Journal from 2009-2013. He has been a journalist for more than 30 years, writing and broadcasting for some of the world’s most famous news organizations, including his tenure at The Financial Times, The Times of London, and The BBC.

☆ Trump Indictment Keeps New York Safe for Accountants
▼ + stars: | 2023-04-04 | by ( Gerard Baker | ) www.wsj.com time to read: +1 min

Gerry Baker is Editor at Large of The Wall Street Journal. His weekly column for the editorial page, “Free Expression,” appears in The Wall Street Journal each Tuesday. Mr. Baker previously served as Editor in Chief of The Wall Street Journal and Dow Jones from 2013-2018. Prior to that, Mr. Baker was Deputy Editor in Chief of The Wall Street Journal from 2009-2013. He was educated at Corpus Christi College, Oxford University, where he graduated in 1983 with a 1st Class Honors Degree in Philosophy, Politics and Economics.

☆ As Wall Street turns bearish on the U.S., here's where the pros say to invest
▼ + stars: | 2023-04-04 | by ( Zavier Ong | ) www.cnbc.com time to read: +6 min

Within Europe, Goldman prefers companies in value sectors that pay dividends , as well as select defensive and growth stocks in the market. Emerging markets Several Wall Street analysts are putting their money on emerging markets, with most bullish on China, the world's second-largest economy. While the bank expects just 1% earnings growth for emerging market stocks, it said the sector's valuation looks attractive at a 23% discount to global peers. Philip Blancato, CEO at Ladenburg Thalmann Asset Management, is also bullish on emerging markets. He added that the case for adding to emerging market allocations is growing, particularly given the "near guarantee" of a softer dollar in the short- to medium-term.

☆ Saudi money is flowing to US media and entertainment, from Live Nation to LIV Golf, 5 years after Jamal Khashoggi's murder: 'The ice has thawed'
▼ + stars: | 2023-04-03 | by ( Claire Atkinson | Lucia Moses | ) www.businessinsider.com time to read: +20 min

Sovereign funds and other entities in Saudi Arabia, Qatar, and the UAE are pouring millions into US media and entertainment. Insider identified some key people connecting Middle East investors with American companies. Saudi Arabia is trying to pitch itself to the world as a cultural and economic reformer and spur tourism. Vince McMahon's WWE has a long-term partnership with the Kingdom of Saudi Arabia, with a major live WWE event there slated for May. Vince McMahon's WWE was one of the first US companies to create unique events in Saudi Arabia.

☆ The 'deposit flight' is over, says RBC's Gerard Cassidy
▼ + stars: | 2023-04-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe 'deposit flight' is over, says RBC's Gerard CassidyGerard Cassidy, RBC Capital Markets head of U.S. bank equity strategy, joins 'Squawk Box' to discuss recent relative stability in the banking sector, how regional bank policy should change, and how to value these companies.

[1/2] The Credit Suisse logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 16, 2023. Credit Suisse AT1 bondholders get nothing under the UBS merger deal. A WisdomTree exchange traded fund that tracks a broad index of bank AT1s, has dropped 11% in the past fortnight. Credit Suisse AT1s made up less than 3% of the fund just before the Swiss bank's rescue, the asset manager disclosed. Deutsche Bank AT1 debt is trading at 74 cents on the dollar, off last week's lows around 67 cents but still below levels seen before the Credit Suisse writedown, Tradeweb data shows.

☆ Bigger regionals will see higher rates on deposit flows, says RBC Capital's Gerard Cassity
▼ + stars: | 2023-03-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBigger regionals will see higher rates on deposit flows, says RBC Capital's Gerard CassityGerard Cassidy, RBC Capital Markets head of U.S. bank equity strategy, joins 'Closing Bell' to discuss the flow of deposits in large and regional banks, investment opportunities in the banking sector, and more.

☆ Employers Need to Put the Squeeze on Woke Intolerance
▼ + stars: | 2023-03-28 | by ( Gerard Baker | ) www.wsj.com time to read: 1 min

Stanford Law School’s career services website boasts the kind of professional opportunities the school’s graduates can expect when they venture beyond the safe spaces of the palm-speckled campus. Ninety-seven of the nation’s top 100 law firms employ Stanford graduates as partners; 92 have Stanford alums as attorneys. For 48 consecutive years Stanford graduates have clerked on the Supreme Court. Microsoft , Google, Cisco and many other top firms have employed a graduate as general counsel.

☆ A deadline looms for rules governing deep-sea mining, but a rushed decision may be risky
▼ + stars: | 2023-03-27 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +12 min

Proponents say that deep-sea mining there is a less damaging way to gather metals like nickel, copper, manganese and cobalt. Opponents of deep-sea mining say there is not enough information to make that kind of decision. Critics of the idea of deep-sea mining have said the process is being rushed. That's what's behind the drive for diversity of supply on land-based mining, as well as exploration of alternatives such as deep-sea mining." Finding consensus for the Wild West of the seaOpponents of deep-sea mining want to tap the brakes.

Britain and Norway hiked rates by 25 bps each, the Swiss National Bank jacked up rates by 50 bps. The European Central Bank hiked rates by 50 bps a week ago. ClearBridge strategist Jeffrey Schluze said, European banking regulation since the global financial crisis has been more stringent than in the United States, making the outlook for European lenders relatively strong. While banking stocks have been battered globally, the S&P 500 is up 0.5% this month (.SPX), while Europe's STOXX 600 index down 3.2% (.STOXX). CHANGE IN TONEBefore the banking turmoil, markets were driven by one-way moves as high inflation pressured U.S. and European markets.

☆ Wall Street is confident high-yielding banks won't cut their dividends
▼ + stars: | 2023-03-22 | by ( Scott Schnipper | ) www.cnbc.com time to read: +5 min

Atlanta's Truist Financial ($41 billion) now yields 6.2% while Minneapolis's U.S. Bancorp ($53 billion) pays 5.1% on its common stock. After all, high dividend yields are often a sign of financial or business distress, or a red flag that the payments so many mom-and-pop investors depend on are unsustainable. Wall Street just doesn't think most payouts will be cut — so long as any recession this year stays on the mild side. "Despite these lower dividend growth expectations, we believe these bank holdings still have attractive dividends," Peris added. A final straw in the wind: Wall Street has issued dozens of research reports since Silicon Valley Bank went under.

☆ Market's realizing the bank system is stabilizing and we're on the road to recovery, says RBC's Cassidy
▼ + stars: | 2023-03-20 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket's realizing the bank system is stabilizing and we're on the road to recovery, says RBC's CassidyRBC's Gerard Cassidy wraps up today's bank headlines. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Dan Nathan and Julie Biel.

☆ RBC Capital Markets: Bank failures this week are not representative of the banking industry
▼ + stars: | 2023-03-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRBC Capital Markets: Bank failures this week are not representative of the banking industryGerard Cassidy, head of U.S. bank equity strategy and bank analyst at RBC Capital Markets, joins 'Squawk on the Street' to discuss bank stocks.

☆ The Tide Goes Out, and Silicon Valley Bank Already Drowned
▼ + stars: | 2023-03-15 | by ( Gerard Baker | ) www.wsj.com time to read: +1 min

Gerry Baker is Editor at Large of The Wall Street Journal. His weekly column for the editorial page, “Free Expression,” appears in The Wall Street Journal each Tuesday. Mr. Baker previously served as Editor in Chief of The Wall Street Journal and Dow Jones from 2013-2018. Prior to that, Mr. Baker was Deputy Editor in Chief of The Wall Street Journal from 2009-2013. He was educated at Corpus Christi College, Oxford University, where he graduated in 1983 with a 1st Class Honors Degree in Philosophy, Politics and Economics.

☆ Dutch court finds Facebook misused data in class action suit
▼ + stars: | 2023-03-15 | by ( ) www.reuters.com time to read: +2 min

"Personal information was given to third parties without Facebook users being informed and without there being a legal basis to do so." The decision was directed at Facebook Ireland because it is the part of the company that oversees the processing of Dutch user data. A spokesperson for the plaintiff, Data Privacy Stichting, said the group now hopes to sit down with Facebook to negotiate a settlement. "We think this is a very strong signal not only to Facebook but to all companies that are unrightfully using their users' data." The Data Privacy group was launched in 2020 as a partnership between a group of law firms and the Dutch Consumers' Association to try to seek damages.

☆ Saudi money is pouring into Hollywood and media, 5 years after the murder of Jamal Khashoggi. Here's who's cashing in and how.
▼ + stars: | 2023-03-15 | by ( Claire Atkinson | Lucia Moses | ) www.businessinsider.com time to read: +13 min

Sovereign funds and other entities in Saudi Arabia, Qatar, and the UAE are pouring millions into US media and entertainment. Saudi Arabia is trying to pitch itself to the world as a cultural and economic reformer and spur tourism. Even those media players that are comfortable with invetment from the Middle East may not find funds flowing, one Hollywood veteran said. A major live WWE event in Saudi Arabia is slated for May. Of the growing ties between US entertainment and media and Middle East investors, this person added, "Presumably media organizations got into this to help society make better decisions."

☆ This might be a very good time to buy First Republic: RBC's Gerard Cassidy
▼ + stars: | 2023-03-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis might be a very good time to buy First Republic: RBC's Gerard CassidyGerard Cassidy, head of U.S. bank equity strategy and bank analyst at RBC Capital Markets, joins 'Squawk Box' to discuss why he thinks the drama is over in the fallout of SVB, how he feels about regional banks right now, and more.

☆ Executive Bet on Partner’s Idea for U.S.-Style Hotels in France
▼ + stars: | 2023-03-12 | by ( Bob Tita | ) www.wsj.com time to read: 1 min

Gérard Pélisson helped build one of the world’s largest hotel companies in Accor SA. Gérard Pélisson bet on an untested business idea for hotels in Europe and picked the right partner for it. Mr. Pélisson gave up a career as an executive at International Business Machines Corp. in the 1960s to start a hotel company with Paul Dubrule, who had taken notice of successful hotel chains like Holiday Inn while working in the U.S. Mr. Dubrule convinced Mr. Pélisson that similar hotels could work in France and elsewhere in Europe, too. Mr. Pélisson mostly focused on the financing for the project and Mr. Dubrule devised the marketing plans. They opened their first Novotel hotel in northern France four years later in 1967.

☆ Buy the dip in banks as the Silicon Valley Bank crisis is unlikely to spread, Goldman Sachs says
▼ + stars: | 2023-03-11 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Investors could take advantage of the bank sell-off, Goldman Sachs wrote in a Thursday note. "We reiterate our overweight recommendation on the sector and would use any large selloff as an opportunity to add risk." "We reiterate our overweight recommendation on the sector and would use any large selloff as an opportunity to add risk," Goldman Sachs said. Some investors may have already started buying top bank stocks. First, the risk of contagion from small to large banks is remote, given that regional lenders account for just 1.5% of the investment grade bond market.

☆ Eiffage CEO de Ruffray put forward as SocGen board candidate
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: +1 min

PARIS, March 10 (Reuters) - Societe Generale (SOGN.PA) said on Friday that its board will propose that shareholders elect Eiffage (FOUG.PA) Chief Executive Officer Benoit de Ruffray as an independent board director at its general meeting in May. Three other board appointments will be put to the vote at the meeting on May 23. If elected by SocGen's shareholders, the four new board members will replace outgoing CEO Frederic Oudea, Kyra Hazou, Gerard Mestrallet and Juan Maria Nin Genova. These board appointment proposals come on the heel of a top management reshuffle proposed by Krupa, who is also set to formally take the reins of the French lender on May 23. Reporting by Mathieu Rosemain; Editing by Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.

☆ Silicon Valley Bank blowup highlights deposit risks vs Treasurys
▼ + stars: | 2023-03-10 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

The dramatic decline of Silicon Valley Bank (SVB) has caused concerns about contagion risk. The bank is a major lender to Silicon Valley venture capital funds and startups. Startup firms have seen a dramatic slowdown in growth as higher rates have hurt their ability to grow and raise funds. Those startups have been burning through cash at a rapid clip, which means they have also been reducing the size of their bank accounts. This has created some serious collateral damage in regional banks such as Zions, M & T Bank and Keycorp, but how much contagion risk is there?

☆ SVB Financial issues are unlikely to spread to other banks, Wall Street analysts say
▼ + stars: | 2023-03-10 | by ( Jesse Pound | ) www.cnbc.com time to read: +3 min

The capital issues at SVB Financial sparked a sell-off among bank stocks on Thursday, but the tech-focused bank's woes will likely not be a preview of wider issues in the banking system, according to Wall Street analysts. KBWB 5D mountain Bank stocks fell sharply on Thursday. Morgan Stanley analysts Manan Gosalia and Betsy Graseck echoed that sentiment, saying in a note that the issues at hand appeared to specific to SVB. "Current pressures facing SIVB are highly idiosyncratic and should not be viewed as a read-across to other banks we cover. RBC analyst Gerard Cassidy said that banks without large retail customer bases could be in for a rocky period.

☆ Silicon Valley Bank's implosion isn't a canary in the coal mine and won't result in contagion, RBC analyst says
▼ + stars: | 2023-03-10 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Silicon Valley Bank's implosion isn't a canary in the coal mine, said RBC analyst Gerard Cassidy. SVB also held a low ratio of small customer deposits, meaning its funding is more sensitive to rates. "This bank is different because they don't have low-cost consumer funding like other banks do," Cassidy said. Unlike other banks, just a small portion SVB's funding consisted of small consumer deposits, which put the bank at more risk. "The banks with the good deposit mix – and Silicon Valley didn't have that – those banks are okay, and this sell-off was unfortunate.

☆ Why SVB isn't a canary in the coal mine for regional banks, according to top analyst Gerard Cassidy
▼ + stars: | 2023-03-09 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy SVB isn't a canary in the coal mine for regional banks, according to top analyst Gerard CassidyRBC's Gerard Cassidy on the weakness in regional banks. With CNBC's Tyler Mathisen and the Fast Money traders, Tim Seymour, Jeff Mills, Julie Biel and Guy Adami.

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