BlackRock Inc. on Tuesday began to solicit interest for more than $100 billion in assets seized last month from the failures of Silicon Valley Bank and...
BlackRock Inc. on Tuesday began to solicit interest for more than $100 billion in assets seized last month from the failures of Silicon Valley Bank and Signature Bank.
The first list, a roughly $292 million parcel of agency mortgage-backed securities with coupons of about 2.5% to 3%, rolled out before noon Eastern time, according Empirasign, a platform that tracks trading activity in mortgage bonds and securitized products. Sales of the assets are expected to emerge in increments, rather than hitting the market all at once and potentially causing more volatility in financial markets.
BlackRock’s financial markets advisory arm was hired in early April by the Federal Deposit Insurance Corp. to market the securities for sale from the two failed banks. It didn’t respond to a request for comment. The assets for sale include agency mortgage-backed securities, commercial mortgage-backed securities, Treasurys, corporate bonds and other securities created in an ultralow rate environment. While many of the seized assets from SVB and Signature come with government guarantees, lower coupon bonds have come under sharp pressure in the past year as the Federal Reserve has dramatically hiked interest rates.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Silicon Valley Bank's failure is no reason for stricter bank regulationRaise the cap on deposit insurance and train more competent bank examiners.
Lire la suite »
Suncor shutting down one of three plants for $100 million maintenance project at Commerce City refineryThe maintenance will bring additional workers to Suncor’s Commerce City refinery, with more than 700 extra people working across two shifts during peak times, the compnay said.
Lire la suite »
Withings' latest entry-level scale is the $100 Body Smart | EngadgetWithings' Body Smart offers the option to track your weight in an app without it appearing on the scale's screen..
Lire la suite »
‘Once in a lifetime’: Providers push to expand fentanyl treatment with $100 million settlement“This is the biggest opportunity to expand access to treatment in 50 years,” said Chris Retan, a leader of the Alabama Fentanyl Abuse Treatment and Prevention Coalition. The group is urging legislators to use opioid settlement funds to help existing providers expand treatment for fentanyl addiction.
Lire la suite »
Bank earnings ‘off to a good start,’ with Bank of America and Goldman Sachs on deckFirst-quarter earnings from the largest U.S. banks are off to a mostly positive beginning despite a tough start to the year for the sector, analysts said.
Lire la suite »
Bitcoin․com Launches VERSE Staking as Ecosystem Token and DEX Heat Up – Press release Bitcoin NewsAs the traditional banking system experiences growing instability with the failures of Silicon Valley Bank, Signature Bank, Silvergate Bank, and Credit
Lire la suite »