SBNY News and Press, Signature Bank From 05/10/23

2023-05-10 22:45:00 ET Summary We initiated positions in UBS (UBS), which has purchased Credit Suisse under advantageous terms. UBS lost a lot of money in the financial crisis, sharply reduced their risk profile, and have maintained the lower risk profile ever since. UBS was g...

2023-05-10 20:45:00 ET Summary MCJ Capital Partners is an emerging alternative investment management firm with a small cap bias. We implement a capacity constrained strategy with a bias towards investing in high quality, smaller businesses less accessible to larger capital bases. ...

2023-05-09 23:45:00 ET Summary We are long-term, patient, and active value investors. Our mission is to be responsible stewards in our clients’ financial lives. Our objective is to seek long-term growth of capital. Going forward, I suspect the ROE trajectory for banks is do...

2023-05-08 10:00:00 ET Summary Rithm Capital reported a solid first-quarter earnings release, highlighting its ability to thrive in "all interest rate environments." RITM has held its March lows robustly, as buyers have not panicked further. However, buying sentiments remain fragi...

2023-05-07 03:46:00 ET Summary In March 2023, the fall of Silicon Valley Bank shocked investors not only because it was unforeseen, but also because of the speed with which it unfolded. While we can differentiate between good and bad banks and some of these differences are driven ...

2023-05-04 16:04:00 ET Summary The Amalthea fund gained 4.92% in March whereas the globally diverse MSCI ACWI (in $A) was up 3.90%. The last week of March was characterised by a strong market, particularly in very dodgy stocks. Considering we had a banking crisis this quarter ...

2023-05-04 13:27:58 ET A number of digital asset firms have been tapping intermediaries to gain access to banking, as some traditional banks steer clear of crypto-focused clients in the face of heightened regulatory scrutiny as well as regional banking turbulence,  the Wall Stree...

2023-05-04 09:31:33 ET Summary The Federal Reserve’s interest rate policy is still pressuring valuation in banks’ held-to-maturity portfolios. High Treasury yields still mean there’s a more meaningful alternative to stocks than there’s been in years. ...

2023-05-01 14:50:44 ET Summary JPMorgan Chase & Co. once again takes the lead when things go wrong. The purchase of First Republic Bank may have been a bargain, but it is not without risk. This could be the beginning of a new financial crisis. History repeats its...

2023-04-29 08:43:06 ET Summary The First Republic preferred shares are down over -70% in the past week. Regulators are set to restructure FRC this weekend, either by taking it into receivership or creating a new bridge bank entity to be capitalized by another market player. In...