Unusual Whales

elizabeth warren

Elizabeth Warren explains skepticism of a system that keeps student loan borrowers struggling while bailing out billion-dollar crypto firms

Per NYT Senator Elizabeth Warren explains the reason why many people are skeptical of the system. She pointed out that the system would prioritize billion-dollar crypto firms instead of helping the remaining millions of Americans that still struggled with student loans. Warren: "It’s no wonder the American people

bernie sanders

Senator Bernie Sanders plans to push a bill to block bank executives from serving on overseeing boards

Per NYT Senator Bernie Sanders was among those that shared their sentiment regarding how Greg Becker, the CEO of Silicon Valley Bank, actually sat on the board of directors for the Federal Reserve Bank of San Francisco until March 10. The senator is pushing a bill that would prevent this

84% of Americans, including strong majorities of Republicans and Democrats, think taxpayers should not have to pay to resolve problems caused by irresponsible bank management

Per reuters: A bipartisan majority of Americans oppose U.S. taxpayers footing the bill when bad management causes a bank to fail, though Republican opposition to bank bailouts has softened over the last decade, a Reuters/Ipsos poll completed on Wednesday found. The poll’s results point to a potential

Coinbase Global, $COIN, has said it got a Wells Notice from SEC Staff in their Item 7.01 Regulation FD Disclosure

Coinbase Global, $COIN, has said it got a Wells Notice from SEC Staff in their Item 7.01 Regulation FD Disclosure. Reuters reports: The U.S. Securities and Exchange Commission (SEC) has threatened to sue Coinbase. The potential enforcement actions would be tied to aspects of Coinbase's spot

Yellen: We are not considering insuring all uninsured bank deposits

Yellen said: We are not considering insuring all uninsured bank deposits. Yesterday she said: the US financial system is safest and most liquid in the world. Last week, Yellen said deposits in US. Banks will be guaranteed only if a systemic risk determination is issued. Yellen said: “A bank only

FOMC March 22 statement

Recent indicators point to modest growth in spending and production. Job gains have picked up in recent months and are running at a robust pace; the unemployment rate has remained low. Inflation remains elevated. The U.S. banking system is sound and resilient. Recent developments are likely to result in

jeremy siegel

Jeremy Siegel: 'Fed shrapnel killed this bank and may send the economy into recession in the process'

Per Fortune In an opinion piece on Fortune by Jeffry Sonnenfeld, Jeremy Siegel, and Steven tan, statements were made saying that the "Fed shrapnel" was the reason why Silicon Valley Bank imploded. The piece said that the economy could be sent into recession. "Make no mistake about

survey

Survey finds that 84% of Americans don't think taxpayers should resolve the current bank problems

Per Reuters A recent poll by Reuters/Ipsos, interviewing 1,004 people nationwide and conducted online, found that 84% of Americans don't think taxpayers should have to pay for settling banking problems, specifically when caused by management failure. The majority of participants, both Republicans, and Democrats, voted that

dallas

Former Dallas Fed President Richard Fisher: 'I don't think the Fed should pause the 25 basis point hike'

Per CNBC The former President of the Dallas Federal Reserve, Richard Fisher, has shared his thoughts on the recent crisis that started with the collapse of Silicon Valley Bank. He said that the Feds shouldn't raise rates and that the banks failed when it came to managing risk.

imf

IMF to offer Ukraine a four-year financing package worth around $15.6 billion

Per USA News The International Monetary Fund has decided to provide Ukraine with a four-year financing package worth around $15.6 billion. As of 2017, the largest member of the IMF was the United States, with a quota of $118 billion during the time of reporting. The $15.6 billion

jpmorgan

JPMorgan says Feds are past the point of no return: 'a soft landing now looks unlikely'

Per Fortune JPMorgan has given new forecasts regarding the recession, and in a recent statement, they said that the Feds were past the point of no return. This came as the firm was among the multiple banks that had to rewrite their recession forecasts. While the economy experienced small victories

California, which has the US’s highest rate of homelessness, will likely ask voters to approve billions of dollars more in spending to help address a crisis that’s spilled onto the streets of every major city in the state

California, which has the US’s highest rate of homelessness, will likely ask voters to approve billions of dollars more in spending to help address a crisis that’s spilled onto the streets of every major city in the state, per Bloomberg. Governor Gavin Newsom plans to ask the Democratic-controlled

All NYPD officers, including plainclothes detectives, have been ordered to wear their full uniform beginning at 7am ahead of a possible indictment of former President Donald Trump

All NYPD officers, including plainclothes detectives, have been ordered to wear their full uniform tomorrow beginning at 7am ahead of a possible indictment of former President Donald Trump. On Monday, the police department was on heightened alert to plan for the possibility of demonstrations. NYPD officials unloaded barricades on Monday

Yellen: US financial system is safest and most liquid in the world

Yellen has said that the US financial system is safest and most liquid in the world. Last week, Yellen said deposits in US. Banks will be guaranteed only if a systemic risk determination is issued. Yellen said: “A bank only gets that treatment if a majority of the FDIC board,

Russia and China say there can be no winners in nuclear war, should never be unleashed

Russia and China say there can be no winners in nuclear war, should never be unleashed. "There can be no winners in a nuclear war, and it must never be unleashed," said the declaration. Previously, Putin said: "We proceed from the fact that there can be no

Loans to Silicon Valley Banks' officers, directors and principal shareholders, as well as other insiders, more than tripled to $219 million in the final months of SVB

Loans to Silicon Valley Banks' officers, directors and principal shareholders, as well as other insiders, more than tripled to $219 million in the final months of SVB, per Bloomberg. SVB said: “Our loan portfolio has a credit profile different from that of most other banking companies,” the company said

warren buffett

Warren Buffett's Berkshire Hathaway spent $68 billion in 2022, slashing its share repurchases to $8 billion

Per Business Insider An annual report for Warren Buffett's Berkshire Hathaway revealed that it spent $68 billion in 2022, slashing its share repurchases to $8 billion. During this period, it only sold a net $34 billion worth of stocks. In 2022, two of Buffett's largest bets

credit suisse

Credit Suisse's emergency rescue could cost all of Switzerland's citizens $13,500 each

Per Bloomberg The UBS Group AG is poised to take over Credit Suisse Group AG, and the Swiss government has promised 109 billion francs, around $118 billion USD, to backstop the emergency sale. This would cost every Swiss citizen 12,500 Swiss francs, or $13,500 USD. Switzerland is a

vanguard

Vanguard to exit China by severing its joint venture with Ant Group: Shanghai offices to shut down

Per CNBC Vanguard will exit China's $3.92 trillion funds market by severing its joint venture with Ant Group. Familiar sources said that the group would close its main office in Shanghai. The decision will come after having six years of presence in China, considered the world'

credit suisse

Credit Suisse bankers flood recruiters with job inquiries ahead of UBS Group AG takeover

Per Bloomberg Credit Suisse bankers are now flooding recruiters with job inquiries ahead of the bank takeover. This comes as UBS Group AG is set to acquire the Swiss lender. According to sources from over a dozen firms, headhunters and other rival lender companies have experienced an influx of calls

signature bank

Signature Bank held a fundraiser for Committee overseeing a probe ten days before the collapse

Per Bloomberg Signature Bank recently collapsed, but just ten days before that, it reportedly held a fundraiser for the House Republican, which was now overseeing its probe. During the event, the mood was reportedly calm, and there were no discussions of the debt ceiling or tensions of any kind. An

Former Tesla, $TSLA, Motors Australia director has been sentenced to two years and six months for insider trading

Former Tesla, $TSLA, Motors Australia director Kurt Schlosser has been sentenced to two years and six months for insider trading. He realised a profit of $28,883.53 in the trade. ASIC said Kurt Schlosser purchased 86,478 shares in U.S.-based Piedmont in two transactions after being informed

Biden vetoes anti-ESG investing regulations bill

Biden vetoes anti-ESG investing regulations bill. “The Department of Labor’s final rule protects the hard‑earned life savings and pensions of tens of millions of workers and retirees across the country” Biden said. “There is extensive evidence showing that environmental, social, and governance factors can have a material impact

The Pentagon has announced another $350 million in military aid for Ukraine

The Pentagon has announced another $350 million in military aid for Ukraine. The Kremlin previously released warnings about the West getting involved with the conflict in Ukraine. Notably, the Pentagon is planning to invite Ukraine troops to US soil for missile training. Previously, Russia's Putin said that the

Elon Musk has said: Fed needs to drop the rate by at least 50bps on Wednesday

Elon Musk has said: Fed needs to drop the rate by at least 50bps on Wednesday. Recently, Elon Musk has expressed his worries about how the Federal Reserve could potentially affect the entire stock market's value. He says that the Fed needs to tread carefully, especially when it