Biden’s Signature Climate Law Is Falling Short On Its Goal To Boost American Manufacturing
Democrats are falling short on their goal to add nearly 1 million manufacturing jobs through the Inflation Reduction Act (IRA) over the next decade. Senate Democrats boasted following the signing of the…
KENNETH RAPOZA: How Biden’s Signature Bill Will Subsidize Our Biggest Rivals
KENNETH RAPOZA: How Biden’s Signature Bill Will Subsidize Our Biggest Rivals Kenneth Rapoza on February 9, 2024 No one saw that coming did they? The Inflation Reduction Act, often dubbed the Democrats’…
Biden’s Signature Law Was Supposed To Lower Drug Prices, But It’s Doing Just The Opposite
Biden’s Signature Law Was Supposed To Lower Drug Prices, But It’s Doing Just The Opposite Will Kessler on December 22, 2023 President Joe Biden has sought to bring down drug prices through…
FDIC-run Signature Bridge Bank sells 20% stake in entity holding $9 billion CRE portfolio
(Reuters) – The Federal Deposit Insurance Corporation, as the receiver of the failed Signature Bank, said on Wednesday it has sold a 20% equity stake in the entity that holds a $9…
Kentucky Woman Sentenced To Two Years For Forgery Of Federal Judge’s Signature
KNOXVILLE, Tenn. – On December 8, 2023, Sunshine Ann Miller, 44, currently of Whitley City, Kentucky, was sentenced to two years imprisonment by the Honorable Katheryn A. Crytzer, in the United States…
New Jersey’s Cake Boss Brings Signature Cakes Nationwide Through Walmart Ahead of Holidays
Buddy Valastro, renowned as the “Cake Boss,” has expanded his culinary reach by launching a new line of specialty cakes at over 3,000 Walmart stores across the United States. This nationwide rollout…
PNC Bank buys $16.6 billion capital commitment portfolio from Signature Bridge Bank
(Reuters) – PNC Financial Services’ banking unit said on Tuesday that it had bought a portfolio from Signature Bridge Bank representing $16.6 billion in total commitments, including $9 billion of funded loans,…
US looks to offload $13 billion of mortgage bonds seized from SVB, Signature – Bloomberg News
(Reuters) – The U.S. government is looking to offload nearly $13 billion of mortgage bonds it amassed from Silicon Valley Bank and Signature Bank following the collapse of the lenders, Bloomberg News…
‘Pushing It Down Our Throats’: Red State Locals Bristle At Incentives For Foreign Companies In Biden’s Signature Bill
‘Pushing It Down Our Throats’: Red State Locals Bristle At Incentives For Foreign Companies In Biden’s Signature Bill Nick Pope on August 14, 2023 Some red state residents around the country are…
FDIC launches sale of $18.5 billion of Signature Bank loans
(Reuters) -The U.S. Federal Deposit Insurance Corporation (FDIC) set in motion the sale of an $18.5 billion loan portfolio from Signature Bank this week, a set of loans linked to major private…
Foreign Companies Are Raking In Billions In Subsidies From Biden’s Signature Climate Law
Foreign Companies Are Raking In Billions In Subsidies From Biden’s Signature Climate Law Nick Pope on July 20, 2023 Foreign companies have been the biggest winners of President Joe Biden’s 2022 signature…
Factbox: Highlights from US regulators’ reviews of SVB, Signature failures
(Reuters) – The Federal Reserve and Federal Deposit Insurance Corp issued detailed reports on Friday on what went wrong and where their supervisors came up short in the run-up to the two…
Signature Bank failure due to ‘poor management,’ US FDIC report says
(Reuters) – Last month’s failure of New York-based Signature Bank was caused by “poor management” and a pursuit of “rapid, unrestrained growth” with little regard for risk management, the Federal Deposit Insurance…
GOP Debt Ceiling Bill Guts Biden’s Signature Climate Law
GOP Debt Ceiling Bill Guts Biden’s Signature Climate Law John Hugh DeMastri on April 19, 2023 House Speaker Kevin McCarthy unveiled a Republican budget proposal Wednesday that would end the hundreds of…
Just 10 Electric Vehicles Will Qualify For Biden’s Signature Tax Credit
Just 10 Electric Vehicles Will Qualify For Biden’s Signature Tax Credit John Hugh DeMastri on April 17, 2023 Just eight electric vehicles and two plug-in hybrids will qualify for the Biden administration’s…
FDIC retains BlackRock unit for Signature Bank, SVB securities portfolio sale
(Reuters) – The Federal Deposit Insurance Corporation (FDIC) has retained BlackRock Inc unit Financial Market Advisory to sell the securities portfolios it kept in receivership after the collapse of Signature Bank and…
Executives At Signature Bank Dumped $100 Million In Stock During Crypto Uptick
Executives At Signature Bank Dumped $100 Million In Stock During Crypto Uptick Jason Cohen on April 4, 2023 When recently-failed Signature Bank began to prioritize cryptocurrency, insiders at the institution sold over…
FDIC announces sale process of former Signature Bank loan portfolio
(Reuters) – The Federal Deposit Insurance Corporation (FDIC) on Monday announced the marketing process for the about $60 billion loan portfolio retained in receivership following the failure of Signature Bank. The FDIC…
Yellen: FDIC estimate of $2.5 billion loss related to Signature Bank is not final determination
WASHINGTON (Reuters) – Treasury Secretary Janet Yellen said on Thursday the U.S. Federal Deposit Insurance Corporation’s (FDIC) estimation of a $2.5 billion loss related to Signature Bank was not a final determination.…
U.S. Senate panel calls on SVB, Signature Bank ex-CEOs to testify
WASHINGTON (Reuters) – The U.S. Senate Banking Committee on Thursday called on the former chief executives of Silicon Vally Bank (SVB) and Signature Bank to testify as lawmakers weigh possible action after…
Coinbase halts support for Signature Bank’s digital payments platform
(Reuters) – Cryptocurrency exchange Coinbase Global Inc said on Monday it has stopped support for Signature Bank’s digital payments platform Signet, more than a week after U.S. regulators took control of the…
KPMG stands by audits of Silicon Valley Bank and Signature Bank – FT
(Reuters) – KPMG’s U.S. boss, Paul Knopp, said the accounting firm stood behind its audits of Silicon Valley Bank and Signature Bank, the Financial Times reported on Tuesday. Knopp said KPMG’s audit…
Moody’s downgrades Signature Bank to junk, places six U.S. banks under review
(Reuters) – Ratings agency Moody’s on Monday downgraded the debt ratings of collapsed New York-based Signature Bank deep into junk territory and placed the ratings of six other U.S. banks under review…
Fitch downgrades and withdraws Signature Bank’s ratings
(Reuters) – Rating agency Fitch on Monday downgraded Signature Bank’s long-term corporate ratings to ‘D’ from ‘BBB+’ after state regulators closed the New York-based bank on Sunday. Signature Bank’s short-term corporate ratings…
U.S. Treasury says Silicon Valley Bank, Signature Bank ‘not being bailed out’
WASHINGTON (Reuters) – New policies adopted on Sunday by U.S. banking regulators will “wipe out” equity and bondholders in Silicon Valley Bank and Signature Bank of New York while protecting all customer…
Biden Admin Rethinks Signature Climate Policy After Major Blowback: REPORT
Biden Admin Rethinks Signature Climate Policy After Major Blowback: REPORT John Hugh DeMastri on February 3, 2023 The U.S. Securities and Exchange Commission (SEC) is planning to scale back proposed rules mandating…
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