Re: Tema: PPCC - Pisitófilos Creditófagos - Primavera 2023

[Cadavre Exquis]

https://www.expansion.com/empresas/banca/2023/05/03/645197afe5fdea65718b4626.html

Saludos.

[Cadavre Exquis]

https://www.pressreader.com/spain/expansion-nacional/20230503/page/27/textview

La inflación rebota al 7% en la zona euro, con los alimentos aún disparados

https://cincodias.elpais.com/economia/2023-05-03/la-inflacion-dispara-el-gasto-de-los-hogares-sujeto-a-iva-hasta-el-record-del-medio-billon-de-euros.html

Saludos.

[Cadavre Exquis]

https://www.expansion.com/fiscal/2023/05/03/64515d4f468aeb48628b45a4.html

Saludos.

[Cadavre Exquis]

https://www.expansion.com/economia/financial-times/2023/05/02/64511856468aebb67e8b4629.html

Saludos.

[Cadavre Exquis]

https://www.pressreader.com/spain/el-economista/20230504/page/3/textview

Desplome de la demanda de hipotecas

https://www.eleconomista.es/banca-finanzas/noticias/12255656/05/23/la-demanda-de-hipotecas-se-desploma-y-cae-por-encima-de-las-estimaciones-de-la-banca.html

Saludos.

[Cadavre Exquis]

https://www.pressreader.com/spain/el-economista/20230504/page/18/textview

La Fed cierra el ciclo de alzas de tipos con una última subida de 25 puntos básicos

Saludos.

[Cadavre Exquis]

https://www.eleconomista.es/mercados-cotizaciones/noticias/12256885/05/23/los-bancos-espanoles-ofrecen-un-descuento-del-53-tras-caer-un-18.html

Saludos.

[Cadavre Exquis]

https://www.eleconomista.es/mercados-cotizaciones/noticias/12256871/05/23/el-brent-toca-minimos-del-2023-y-ahonda-su-caida-anual-hasta-el-16.html

Saludos.

[Cadavre Exquis]

https://www.eleconomista.es/economia/noticias/12237783/04/23/las-empresas-espanolas-suben-los-sueldos-un-25-menos-que-las-de-la-zona-euro.html

Saludos.

[Cadavre Exquis]

https://www.pressreader.com/spain/el-economista/20230504/page/30/textview

El paro en la eurozona está en mínimos al caer un 6,5%

Saludos.

[Cadavre Exquis]

https://www.eleconomista.es/economia/noticias/12256689/05/23/el-fondo-publico-de-pensiones-de-escriva-no-estara-listo-esta-legislatura.html

Saludos.

[Cadavre Exquis]

Un pequeño off-topic...

... cosas veredes amigo Sancho.

Saludos.

[Derby]

https://www.ft.com/content/1f4550dd-9409-4307-bc4e-a97da6364c8c

PacWest explores potential sale after shares plummet 50%

California lender is latest to seek financial lifeline amid worst industry crisis since 2008

PacWest said it had been approached by potential partners and investors and was reviewing strategic options as the teetering California lender became the latest midsized US bank to seek a financial lifeline amid the worst industry turmoil since 2008.

The bank said in a statement that it was looking at “all options to maximize shareholder value” after its shares plummeted 50 per cent in after-hours trading on Wednesday.

Earlier, two people briefed on the matter said the bank had instructed boutique investment bank Piper Sandler to help it explore strategic options including a sale. No formal sale process has been initiated yet and the bank was also considering raising new capital, the people said.

PacWest’s decision to seek a buyer or new capital, which was first reported by Bloomberg, comes days after the Federal Deposit Insurance Corporation seized First Republic and sold its deposits and assets to JPMorgan Chase.

It comes six weeks after PacWest said it had shored up its access to cash by raising $1.4bn via a lending facility from Apollo-backed investment firm Atlas SP Partners.

Shares of Western Alliance, which has also become a focus of investor angst following the seizure of three banks by US regulators since March, fell by more than a quarter in after-hours trading. Zions Bancorp and Comerica were down roughly 10 per cent.

As with other regional banks, PacWest has drawn negative attention because of its similarities to Silicon Valley Bank, which collapsed in March. These include ties to the tech community, large amounts of uninsured deposits and paper losses on its securities portfolio.

Based in Beverly Hills, PacWest reported late last month that it had lost more than $5bn in deposits during the first quarter but said it had stemmed the outflows and received more than $1bn in inflows since March.

In an update on Wednesday, it said total deposits were $28bn as of May 2, making it significantly smaller than either SVB or First Republic. “Our cash and available liquidity remains solid,” the bank said.

It said 75 per cent of deposits were covered by federal insurance, compared with 71 per cent at the end of the quarter.

The bank’s shares have fallen 77 per cent since the start of March, and the short interest in PacWest shares shot from less than 1 per cent at the end of January to 25 per cent this week.

The bank, which had been eking out small profits, reported a net loss of $1.21bn in the first quarter. It also reported $860mn in unrealised losses in its securities portfolio.

More than three-quarters of its lending is to property, another area of concern in a period of rising interest rates, and 8 per cent is to venture capital. Its venture business had $6bn in deposits at the end of March.

Piper Sandler did not immediately respond to a request for comment.

https://www.bloomberg.com/news/articles/2023-05-04/pacwest-says-in-discussion-with-several-potential-investors

PacWest Moves to Calm Market After Rout, Says Deposits Rose

Lender confirms in talks with several potential investors
Bill Ackman warns US regional banking system at risk

PacWest Bancorp said deposits have increased since March and confirmed it’s in talks with several potential investors, seeking to calm markets after a 60% stock rout that made it the new focal point of concern over the health of US regional lenders.

“The bank has not experienced out-of-the-ordinary deposit flows following the sale of First Republic Bank and other news,” PacWest said in a statement dated Wednesday. “Our cash and available liquidity remains solid and exceeded our uninsured deposits.”

Shares in the bank plummeted in after-hours US trading on Wednesday after Bloomberg News reported it was considering strategic options including a sale. The sharp moves, which also dragged an ETF tracking regional banks to its lowest level since 2020, came as investors fret the turbulence that’s affected the sector since early March is yet to be contained.

“Recently, the company has been approached by several potential partners and investors - discussions are ongoing,” PacWest said. “The company will continue to evaluate all options to maximize shareholder value.”



The selloff came just hours after Federal Reserve Chair Jerome Powell said authorities were closer to containing the turmoil that’s claimed four lenders this year. The government seizure and sale of First Republic Bank to JPMorgan Chase & Co. was “an important step toward drawing a line under that period of severe stress” for regional lenders, Powell said.

Market watchers were skeptical the bank’s comments would ease concern about the sector.

PacWest’s statement “offers little in the way of confidence to the market,” said Tim Waterer, chief market analyst at KCM Trade. “Despite the best efforts by Jerome Powell to calm the market, there is nothing to suggest that the banking crisis is at an end and as such, the outflow of deposits is likely to sustain.”

Smaller US lenders are facing a pinch as rising interest rates lower the value of their longer-term investments while increasing the cost of funding. That’s spurring depositors to move cash into higher-yielding money market funds. Investors also worry modern technology allows clients to pull money rapidly out of struggling institutions, funneling deposits instead to the biggest banks which have so-far been insulated from the turbulence.(...)

[AbiertoPorDemolicion]

Un pequeño off-topic...

... cosas veredes amigo Sancho.

Saludos.

Debe ser que ya solo compran música enlatada los románticos que buscan una respuesta emocional a su compra que un CD no les produce. Racionalmente, es más práctico un CD que un vinilo, pero cosas más raras se han visto.

Si compras 3 vinilos al año, has pagado la cuota anual de un streaming de audio. Pero eso es ya pensar demasiado para los que buscan respuestas emocionales.

[sudden and sharp]

[...] Si compras 3 vinilos al año, has pagado la cuota anual de un streaming de audio. Pero eso es ya pensar demasiado para los que buscan respuestas emocionales.

El streaming sería uso (nuda propiedad, usufructo...) y el vinilo, o CD, la propiedad.




y ya sabemos que estamos resucitando al nuevo modelo... (Orientado a la propiedad, a lo físico... a la libertad.)