Share to Twitter Share to Linkedin Despite ongoing silent runs on the Regional and Community Banks, it appears that both Fed Chair Powell and Treasury Secretary Yellen view the events of the recent past (SVB VB , Signature Bank, First Republic, Credit Suisse, and now Deutsche Bank) as one-off events and not symptomatic of stress in the world’s financial system. The dictionary defines “obtuse” as “annoyingly insensitive or slow to understand.” We can’t think of anything more precise! The chart at the top shows the continued decline in the value of S&P’s Regional Banking ETF through the close of business on Friday (March 24 th ). On Wednesday, the Fed raised interest rates 25 basis points despite liquidity issues in the banking system and the apparent loss of confidence in that system by a significant portion of the public. During his press conference, Powell acknowledged some FOMC concerns over banking issues, said that they had considered a "pause,” … [Read more...] about Obtuse: The Fed & Treasury View Of Banking Issues
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How Brands Are Using The NCAA Tournament To Strike New NIL Deals
Share to Twitter Share to Linkedin Brands are taking advantage of the national attention on both men’s and women’s basketball athletes during March Madness, but their strategies differ. Some had campaigns ready to go before the tournaments began, while others have been sitting on the sidelines waiting to see which programs and athletes emerge as this year’s biggest stories. Last year, Doug Edert and his signature mustache cashed in when Saint Peter's made history by becoming the first 15 seed to advance to the Elite Eight. Entering March in 2022, Edert had around 1,500 followers on Instagram and was rarely posting. A year later, he has more than 148,000 followers and has worked with national brands like Buffalo Wild Wings and Barstool Sports. Edert’s mustache is again a focus this year as it adorns special edition Pringles cans. The ““March Mustache Collection” also features Duke’s Dariq Whitehead and Virginia’s Ben Vander Plas. Fans are asked to show off … [Read more...] about How Brands Are Using The NCAA Tournament To Strike New NIL Deals
Brentford FC Coach Thomas Frank’s Gambling Blindspot
Share to Twitter Share to Linkedin When Brentford FC manager Thomas Frank finally broke his silence about the potential for star striker Ivan Toney to be hit with a lengthy ban he didn’t hold back. Toney pleaded guilty to 232 alleged breaches of rules related to gambling earlier this month and there is speculation the Football Association will deliver a severe punishment. Anti-gambling charities have highlighted the irony in Toney being reprimanded for indulging in a pastime soccer actively promotes. “If you force young people to endorse addictive products, don’t be surprised if they use them,” one organization, The Big Step, tweeted alongside a picture of Toney wearing different shirts emblazoned with gambling logos and player of the month trophies sponsored by betting firms. Amongst the images was a photo of Toney in the current Brentford FC home shirt which carries the ‘Hollywood Bets’ logo. And, when handling the topic of Toney’s ban, it … [Read more...] about Brentford FC Coach Thomas Frank’s Gambling Blindspot
Coinbase: From Hot IPO To Cold Wells Notice
Share to Twitter Share to Linkedin Coinbase COIN (NYSE: COIN) began its publicly traded existence on April 14th, 2021 as a hot initial public offering that cryptocurrency freaks could not stop talking about. There was more than the usual amount of “this one’s going to the moon!” free and sometimes paid-for advice that typifies a certain type of IPO no matter what the era or the industry. The certainty of success seemed obvious to the many who participated. When the stock was issued at a price of $250 — which got filled, by the way, by few investors — an immediate at-the-open rally took it up to $381 within minutes and then to a quick blast up to $424, a peak never to be seen again. Coinbase since then is an example of almost relentless selling as the crypto world it represents entered what those enthusiastic about it took to calling “winter” — although some have noted that it’s lasted almost as long as an ice age, so far. This week’s news … [Read more...] about Coinbase: From Hot IPO To Cold Wells Notice
Make Your Own Bank Run On These Blue-Chip Yields
Share to Twitter Share to Linkedin Is it time for us contrarians to “buy the dip” in bank stocks? We’re drowning in big bank-scare headlines. Silicon Valley Bank (SIVB VB ) knuckled under in days, Signature Bank (SBNY) wasn’t too far behind, and across the pond, Credit Suisse (CS) needed a buyout bailout from rival UBS (UBS) . The next bank run, however, won’t be with the big boys . Too big to fail, baby . Here, we’ll find not only government help but also secure yields of up to 5.1%—trading at a discount, no less. Why the big guys? Well let me show you. Last week, my software firm received this email from one of our vendors: “Brett, Just wanted to give you our new banking details. We’re out of SVB; we’re moving to JPM.” JPM for the win. And they’re not the only big bank benefiting. CNN recently reported that Bank of America BAC (BAC) , Wells Fargo WFC (WFC) and Citigroup C (C) “have all experienced a … [Read more...] about Make Your Own Bank Run On These Blue-Chip Yields
8 Key Steps For Effective Leadership Decision Making To Avoid Decision Disasters
Share to Twitter Share to Linkedin Effective decision making to avoid failures and maximize success is your key role as a leader: that’s why “decision makers” is synonymous with leaders. Yet how can you ensure that your decision making results in the right calls as opposed to decisions disasters? Let’s say you make a poor choice on a hire for a major position. General Electric’s Board of Directors hired John Flannery as CEO in 2017 to restructure the company, but he didn’t work out. Shares fell by over 35% in the next year and the Board forced him out in 2018; immediately afterward, GE’s shares rose by 14%. Or perhaps you make a major decision-making error in strategy. Research shows that 46% percent of companies go bankrupt due to wrong-headed strategic moves by their leaders. For instance, Toys ‘R’ Us went bankrupt due to a number of lousy strategic decisions by the company’s leadership, such as taking on too much debt and failing to compete … [Read more...] about 8 Key Steps For Effective Leadership Decision Making To Avoid Decision Disasters