As Tax-Season Ebbs, Money-Market Funds See Return Of Inflows; Fed's Bank Bailout Fund Remains At $126BN After the prior week's almost unprecedented outflows, total money market fund assets rose last week (admittedly by a modest $9.1BN), but remain below the $6TN level ($5.97TN) as tax-season draws roll off Source: Bloomberg The flows into money-market fund assets through April 24 mainly on the back of inflows by institutional investors, which had led the tax-related decline the...
US Domestic Bank Deposits Drop For Second Straight Week On the heels of a major deposit outflow the week before, and a huge (record) money-market fund outflow last week, all eyes are back on the banks again on Friday evening to see if this 'flight' continues as Tax-Day drags cash away from its comfy-5%-earnings-spots. On a seasonally-adjusted basis, total US bank deposits declined for the second straight week (though only $2.4BN) after reaching back to pre-SVB levels Source:...
Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF – Get Free Report) saw strong trading volume on Monday . 1,482,844 shares changed hands during trading, an increase of 124% from the previous session’s volume of 660,993 shares.The stock last traded at $7.28 and had previously closed at $7.58. Cornerstone Total Return Fund Stock Performance The stock’s 50-day […]
The Central and Eastern Europe Fund, Inc. (NYSE:CEE – Get Free Report) saw a large growth in short interest in March. As of March 31st, there was short interest totalling 1,900 shares, a growth of 26.7% from the March 15th total of 1,500 shares. Based on an average daily volume of 15,800 shares, the days-to-cover […]
US Bank Deposits Suffer Biggest Weekly Decline Since 9/11 As Tax Man Cometh It's that time of year again and US bank deposits sure showed it While money-market funds' total assets fell over $100BN, on a non-seasonally-adjusted (NSA) basis, total bank deposits crashed by a stunning $258BN as Tax-Day cometh. That is considerably more than the $152BN decline last year but less than the $336BN plunge in 2022 Source: Bloomberg This makes some sense though as the Treasury Cash...
Over a dozen Republican attorneys general are warning a major U.S. bank against alleged practices of "de-banking" certain customers because of their religious or political views. In a letter obtained exclusively by Fox News Digital, Kansas Attorney General Kris Kobach, along with 14 of his Republican colleagues told Bank of America CEO Brian T. Moynihan that the company "appears to be conditioning access to its services on customers having the bank’s preferred religious or political views."...
WASHINGTON (AP) — Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York. The Federal Deposit Insurance Corp. said Friday it had seized the Philadelphia-based bank, which did business as Republic Bank and had roughly $6 billion in assets and $4 billion in deposits as of Jan. 31. []
WASHINGTON (AP) — Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York. The Federal Deposit Insurance Corp. said Friday it had seized the Philadelphia-based bank, which did business as Republic Bank had roughly $6 billion in assets and $4 billion in deposits as of January 31. Fulton
Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York
WASHINGTON (AP) — Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York. The Federal Deposit Insurance Corp. said Friday it had seized the Philadelphia-based bank, which did business as Republic Bank had roughly $6 billion in assets and $4 billion in deposits as of January 31. Fulton
Regulators close Philadelphia-based Republic First Bank, first US bank failure this year
Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York