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Collateral

All articles tagged with #collateral

Trump Media Reports $361 Million Crypto Loss as Bitcoin Slumps
finance17 days ago

Trump Media Reports $361 Million Crypto Loss as Bitcoin Slumps

Trump Media & Technology Group disclosed a $360.6 million loss on its cryptocurrency holdings for fiscal Q2, noting its Bitcoin stash fell to 9,477 BTC (about $557.1 million at June 30) from 9,542 BTC at end-March, with 4,260 BTC pledged as collateral against convertible notes and 2,077 BTC pledged for a Bitcoin options strategy. The company posted a net Q2 loss of $238 million on revenue under $2 million; DJT stock has declined about 46% in the past year to around $9.39, while Bitcoin traded near $64,260 on Aug. 11.

via Yahoo Finance|
#bitcoin#collateral#crypto-loss
Jessica Simpson's Financial Journey: From Borrowing Money to Buying Back Her Namesake Company
business3 years ago

Jessica Simpson's Financial Journey: From Borrowing Money to Buying Back Her Namesake Company

Jessica Simpson reveals that she used her house as collateral to buy back her namesake fashion brand two years ago when the company holding a majority share faced bankruptcy. After experiencing broken promises and disrespect from the conglomerate, Simpson decided it was time to take ownership of her billion-dollar company. Along with putting her home up as collateral, she liquidated her stock portfolio and even borrowed money from her mother. Despite the challenges, Simpson and her mother are determined to succeed and have plans to expand the brand into new categories, including haircare.

via Fox Business|
#bankruptcy#business#collateral
finance3 years ago

PacWest's Shares Slump Despite Efforts to Increase Borrowing Capacity.

PacWest Bancorp's shares slumped 25% premarket as the bank pledged additional assets as collateral to increase its borrowing capacity under the US Federal Reserve's discount window and said it had $15 billion of immediately available liquidity. The lender pledged an additional $5.1 billion of its loans to the central bank on Wednesday, which PacWest said resulted in an additional borrowing capacity of $3.9 billion. The bank pledged additional assets as collateral for borrowings to increase its liquidity position for potential deposit outflows.

via Yahoo Finance|
#borrowing-capacity#collateral#deposit-outflows
Banks borrow $300bn from Fed amidst financial strain.
finance3 years ago

Banks borrow $300bn from Fed amidst financial strain.

Cash-strapped banks have borrowed around $300bn from the Federal Reserve in the past week, with nearly half going to holding companies for two major banks that failed over the past week, Silicon Valley Bank and Signature Bank. The rest of the money was borrowed by banks seeking to raise cash, likely to pay off depositors who tried to withdraw their money. The Fed's lending programs, particularly the new facility it unveiled on Sunday, enable financial institutions to post bonds as collateral and borrow against them, rather than having to sell them.

via The Guardian|
#bank-failures#collateral#deposit-insurance
Federal Reserve Provides $300 Billion in Emergency Funds to Banks
economy3 years ago

Federal Reserve Provides $300 Billion in Emergency Funds to Banks

Cash-short banks have borrowed about $300 billion from the Federal Reserve in the past week, with nearly half going to holding companies for two major banks that failed over the past week. The rest of the money was borrowed by banks seeking to raise cash, likely to pay off depositors who tried to withdraw their money. The Fed's lending programs enable financial institutions to post bonds as collateral and borrow against them, rather than having to sell them.

via PBS NewsHour|
#bank-failures#collateral#economy