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Short sellers targeting a key regional U.S. bank exchange-traded fund have made $977 million on paper so far in 2024, data from analytics firm Ortex showed, as troubles at New York Community ...
More US regional banks are taking a step that was unthinkable more than a year ago in the aftermath of the Silicon Valley Bank failure: selling underwater bonds at a loss.
Antelopes and lions. But Dick Bove, financial strategist with Odeon Capital Group, said the short sellers who made a tidy profit betting against First Republic and Silicon Valley Bank are going to ...
Regional bank stocks struggled for much of 2023 after the collapses of Silicon Valley Bank and Signature Bank sparked a flight on deposits and sent shockwaves through the stock and bond markets.
The stock of Dallas regional bank First Foundation plummeted following a $228 million infusion, the latest reminder that commercial real estate challenges for some regional lenders are far from over.
"The 2023 situation was another manifestation, another endorsement of the big-bank business model, and really, it's sort of damning for the regional banks with a niche business model," Steven ...
Michael Burry, who famously shorted subprime mortgages during the 2008 financial crisis, is making a big new bet on regional banks. His hedge fund Scion Asset Management loaded up on $23.4 million ...
A general view of Pacific Western Bank in Huntington Beach, California, U.S., March 22, 2023. REUTERS/Mike Blake (Mike Blake / reuters)