Unusual Whales

Midsize banks are reportedly requesting the FDIC to insure all deposits for two years

Midsize banks are reportedly requesting the FDIC to insure all deposits for two years, per Bloomberg. The Mid-Size Bank Coalition of America (MBCA) has reportedly asked United States federal regulators to extend insurance on all deposits for the next two years. “Doing so will immediately halt the exodus of deposits

Senior White House officials have been in touch with Warren Buffett on the banking crisis

Senior White House officials have been in touch with Warren Buffett on the banking crisis. The calls have centered around Buffett possibly investing in the US regional banking sector in some way, but the billionaire has also given advice and guidance more broadly about the current turmoil, per Bloomberg. Recently,

Economists said they found 186 banks that may be prone to similar risks such as Silicon Valley Bank

Economists said they found 186 banks that may be prone to similar risks such as Silicon Valley Bank, per WSJ. Read the abstract of the paper references: The U.S. banking system’s market value of assets is $2 trillion lower than suggested by their book value of assets accounting

The London Metal Exchange has discovered bags of stones instead of the nickel that underpinned a small handful of its contracts at a warehouse in Rotterdam

The London Metal Exchange has discovered bags of stones instead of the nickel that underpinned a small handful of its contracts at a warehouse in Rotterdam, per Bloomberg. The amount of metal represents just 0.14% of live nickel inventories on the LME, worth about $1.3 million at current

Trump just posted to Facebook, META, for the first time since 2021

Trump just posted to Facebook, $META, for the first time since 2021. In Caps, he said: I'm BACK. In November, After a Twitter poll conducted by Elon Musk, where slightly more than 51% of people voted for Trump to return to Twitter, the realDonaldTrump account was reinstated. Donald

UBS, UBS, is in talks to acquire Credit Suisse, CS

UBS, $UBS, is in talks to acquire Credit Suisse, $CS, per FT. This is after it was announced Credit Suisse, CS, to borrow up to CHF50 billion from Swiss National Bank to strengthen liquidity. Yesterday, CS asked for support from the SNB. This is after the shares fell 30% today.

Millennials have accumulated debt fastest they’ve ever accumulated debt since the 2008 financial crisis

Millennials have accumulated debt fastest they’ve ever accumulated debt since the 2008 financial crisis, per BI. Meanwhile, 95% of millennials want to buy a home but fear they can't afford it. Shortly after the pandemic brought bidding wars among buyers to purchase a home in an under-supplied

Mark Zuckerberg warns in $META layoffs announcement to prepare for a ‘new economic reality’ that could last ‘many years’

Mark Zuckerberg warns in $META layoffs announcement to prepare for a ‘new economic reality’ that could last ‘many years’, per BI. After already letting go of a massive chunk of its staff, Meta will reportedly be laying off 10,000 more people, according to Mark Zuckerberg. This comes just four

Biden asks Congress to give FDIC more authority to fine bankers from failed banks, clawback their executive pay, and bar them from the industry

Biden asks Congress to give FDIC more authority to fine bankers from failed banks, clawback their executive pay, and bar them from the industry. "No one is above the law," Biden said in the statement, "and strengthening accountability is an important deterrent to prevent mismanagement in the

The Justice Department is investigating the owner of TikTok for possible spying on U.S. citizens

The Justice Department is investigating the owner of TikTok for possible spying on U.S. citizens, per NYT. The FBI and the Department of Justice are also investigating the events that led TikTok’s Chinese parent company, ByteDance, to use the app to surveil American journalists, per Forbes. TikTok has

Bill Ackman has said: I am hearing that Bank ofAmerica, BAC, is going to buy Signature Bank on Monday

Bill Ackman has said: I am hearing that Bank ofAmerica, $BAC, is going to buy Signature Bank on Monday. He also said: Bill Ackman said a plan to deposit $30 billion into First Republic Bank creates a "false sense of confidence." "The result is that FRB default

Adam Levinson is shutting down his hedge fund, worth billions, after being hit by losses

Adam Levinson is shutting down his hedge fund, worth billions, after being hit by losses amid ongoing bond market volatility, per Bloomberg. Levinson’s Graticule Asia macro hedge fund has plunged more than 25% this year. The Fortress Asia Macro fund, which began trading in 2011, was the predecessor to

International Criminal Court has issued an arrest warrant against Russian President Vladimir Putin, accusing him of being responsible for war crimes committed in Ukraine.

The International Criminal Court (ICC) issued an arrest warrant on Friday against Russian President Vladimir Putin, accusing him of being responsible for war crimes committed in Ukraine. Moscow has repeatedly denied accusations of atrocities during its one-year invasion of its neighbour. A spokesperson for Russia's foreign ministry said

buy the dip

The 'buy the dip' strategy is no longer a go-to for retail investors as bonds start to become more attractive

Per Business Insider A recent note by Vanda Research says that the "buy the dip" strategy is no longer a go-to for retail investors. Vanda highlighted the risks this could have on the economy. Vanda Research said that the stock market would be put at risk with retail

first republic bank

List of banks that rescued First Republic Bank by sending $30 billion

Per WSJ The Wall Street Journal released the list of eleven banks that reportedly rescued First Republic Bank by sending a total of $30 billion in cash to help stop the panic from spreading. Here are the names of the banks and how much they reportedly gave to First Republic

signature bank

Sen. Elizabeth Warren asks if Silicon Valley Bank and Signature Bank execs would return five-year earnings

Per CBS News Massachusetts Senator Elizabeth Warren is now calling on the executives of both Silicon Valley Bank and Signature Bank, asking if they would return what they earned in salary and bonuses over the last five years before the collapse of their banks. Warren called for tougher regulations after

janet yellen

Yellen says only banks that pose a systematic risk threat would get that treatment

Per C-SPAN When discussing the Fed's decisions regarding Silicon Valley Bank, Senator James Lankford asked treasury Secretary Janet Yellen critical questions regarding whether other community banks would get the same treatment. The Senator mentioned SVB and Signature bank, as both were assisted by the Feds. Sen. Lankford'

shark tank

Shark Tank's Kevin O'Leary advises startup CEOs to limit bank deposits

Per Business Insider Shark Tank investor Kevin O'Leary has advised his CEOs regarding limiting bank deposits. This comes in the wake of Silicon Valley Bank's collapse, and the glooming outlook on the banking system as more regional banks have taken a hit. O'Leary warned

Fed balance sheet rises by $297 billion

Fed balance sheet rises by $297 billion. CNNC reports that the Fed borrowing discount window rose by $148.2 billion. This is new program to provide par value - $11.9 billion was borrowed. Half of the $297 billion was in the bridge loans, per CNBC. Meanwhile, the Federal Reserve

Jerome Powell, the chair of the Federal Reserve, blocked phrases regarding regulatory failure by the Federal Reserve in the Silicon Valley Bank collapse

Jerome Powell, the chair of the Federal Reserve, blocked phrases regarding regulatory failure by the Federal Reserve in the Silicon Valley Bank collapse, per the NYT. Federal government officials wanted a joint statement to include a reference to regulatory shortcomings that they believe helped lead to the bank’s demise,

In New York City, a $100,000 salary feels like $36,000

In New York City, a $100,000 salary feels like $36,000, per Bloomberg. New York ranked last, with take-home pay of $35,791. Tennessee, took the No. 1 spot on SmartAsset’s list, with $86,444 in take-home pay after taxes and adjusting for cost of living. “I think

Influencers like Bitboy, Meet Kevin and Graham Stephan are reportedly being sued for $1 billion in a class action lawsuit for promoting defunct crypto exchange FTX

YouTubers and influencers like Bitboy, Meet Kevin and Graham Stephan are reportedly being sued for $1 billion in a class action lawsuit for promoting defunct crypto exchange FTX, per the Block. The lawsuit alleges that some of the creators, namely Paffrath as well as Graham Stephan and Tom Nash, "

The US government is trying to orchestrate a rescue of First Republic Bank, FRC, with the aid of the nation’s biggest banks

The US government is trying to orchestrate a rescue of First Republic Bank, $FRC, with the aid of the nation’s biggest banks, per Bloomberg. Banks including JPMorgan Chase & Co., Citigroup Inc., Bank of America Corp., Wells Fargo & Co., Morgan Stanley, U.S. Bancorp, Truist Financial Corp. and

Yellen: if we don't do anything to strengthen to social security, benefits will be cut

Yellen: if we don't do anything to strengthen to social security, benefits will be cut. She also said: eposits 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,

Yellen: Deposits in US. Banks will be guaranteed only if a systemic risk determination is issued

Yellen: 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, a supermajority of the Fed board, and I in consultation with the president, determine that the failure to protect