The Banks Are Re-Tranching
A bank is a special kind of company because of its funding model. Compared to normal companies, banks:
Those facts — the funding model, lots of short-term borrowing that the counterparties treat as approximately risk-free — are what make a bank a bank.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
24 minutes ago
- Bloomberg
Chicago Bears Weigh Sale of McKenna's Minority Stake
The Chicago Bears are exploring a sale of the minority stake owned by the late Andrew McKenna Sr., according to people familiar with the matter. The exact size of the stake isn't known. McKenna died in 2023. The descendants of George Halas, the team's founder, own approximately 80% of the team. In addition to McKenna's stake, some shares are owned by insurance billionaire Pat Ryan, 88. Ryan and McKenna originally purchased 19.7% of the club in 1990.
Bloomberg
30 minutes ago
- Bloomberg
S&P 500 Halts Rally Near Record as Big Tech Swoons
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Saira Malik, Nuveen, Nancy Lazar, Piper Sandler, Steven Zaccone, Citi, John Flavin, Portal Innovations, Lisa Abramowicz, Bloomberg News, David Bahnsen, The Bahnsen Group, Brent Thill, Jefferies, Seema Shah, Sensor Tower, Raj Ganguly, B Capital Group, Matthew Freund, Barings BDC, Jason Kelly, Bloomberg News. (Source: Bloomberg)
Wall Street Journal
32 minutes ago
- Wall Street Journal
IPO Market Shows Signs of Renewed Vigor
The market for initial public offerings seems to be improving after the stock selloff linked to tariff concerns in early April. Shares in Voyager Technologies rose sharply in their debut on the New York Stock Exchange on Tuesday. Other recent signs of success include a blockbuster debut for crypto from Circle Internet Group and upsized IPOs from Aspen Insurance and trading platform eToro Group. Read more:
