Tag results for: banking crisis
America can’t fulfill its purpose if we backslide on diversity, equity, and inclusion
Many companies have long pursued the goal of workplace diversity, and in recent years, creating a more diverse and equitable workforce took on even more importance. Then things...
Bill Ackman: ‘No regional bank can survive bad news’
Billionaire hedge fund founder Bill Ackman called for a “systemwide deposit guarantee regime” in the U.S., as regional banking stocks were pummeled in the wake of this weekend’s...
Citigroup CFO Mark Mason on how ‘careers are defined in times of crisis’
When I met with Citigroup CFO Mark Mason at the company’s headquarters in Lower Manhattan, I assumed we would be talking about the regional banking crisis and SVB....
Bank bosses are hiding $600 billion in unrealized losses to keep their mega bonuses. Here’s why portfolio securities should be marked to market
Silicon Valley Bank (SVB) failed because it invested too much in long-term bonds that lost value when interest rates went up. That’s what our accounting rules encourage banks...
Opinion | The Fed’s Climate Studies Are Full of Hot Air
One finds a correlation by assigning equal weight to all countries, from China to tiny St. Vincent.
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Opinion | Paul Singer, the Man Who Saw the Economic Crises Coming
He warned about subprime mortgages before 2008, Dodd-Frank in 2010, and inflation in 2020. After Silicon Valley Bank, what does he think is next?
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