Coronavirus Crisis Threatens Deutsche Bank's 'Bad Bank' Wind-Down
Deutsche Bank's biggest headache from the coronavirus downturn is likely to come from difficulties offloading problem assets from the last financial crisis rather than bad loans piling up in the latest one.
Big U.S. Banks' Reluctance To Lend May Have Caused Repo-Market Shock
An unwillingness among the four leading U.S. banks to lend cash, combined with a surge in demand from hedge funds for secured funding, could explain the spike in U.S. money market rates and the sudden stress in the repo market beginning in September.
VCs Are Investing In Challenger Banks More Than Ever
Digital-only banks, also known as challenger or neo banks, are quickly becoming the latest big bet amongst VCs, who see the threat they pose to traditional banks as a good investment opportunity.
'This Is The Time' For Bank Acquisitions: Ex-Wells Fargo CEO
The depressed valuations for banks and other financial firms mean “this is the time” for acquisitions and mergers in the industry, said a former CEO of Wells Fargo, Richard Kovacevich.
VC Recap: Corporate VC Predicted To Surge; Gates, Bezos' $1B Energy Fund
Introducing Trusted Insight's Venture Capital Recap, a compilation of the most important venture capital news from the previous day. Here are the stories you may have missed:
RadioShack, Hedge Fund to Hash Out Auction Process
Hedge fund Standard General LP is in talks to serve as the lead bidder at a bankruptcy auction for struggling consumer-electronics retailer RadioShack Corp., according to people familiar with the mat...
HF Manager Vanished After Credit Suisse Wired Him $1.5M
"At the time of the wire transfers, the hedge fund, Galbraith Capital Investment Management, was winding down operations and it had no cash left in its account with Credit Suisse," according to the N...
RadioShack Strikes Deal With Hedge Funds at Big Price
RadioShack Corp. struck a last-minute deal with hedge funds to stave off a bankruptcy filing, but the price could be control of the company....
PE Firm to Purchase Control of Mechanics Bank
Mechanics Bank, led by President and CEO Christa Steele, agreed to a transaction in which Ford Financial Fund will acquire control of the $3 billion community bank....
Andhra Bank Launches 'Kisaan Vaani," a New Tech Info Facility on Agriculture
The facility provides latest technical information on agriculture and allied activities to farmers of Andhra and Telangana...