Streetbeat News

Credit

SPY

Federal Reserve Chairman Jerome Powell stated that there is not much evidence of additional credit tightening beyond what has been observed, but the Fed will continue to monitor the situation.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 3:32 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the stigma associated with the discount window has decreased slightly. The discount window is a tool used by the Fed to provide short-term loans to banks.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 3:32 pm

SPY

Federal Reserve Chairman Jerome Powell emphasized the critical importance of banks being willing and able to use the discount window. He noted that one reason banks hesitate to borrow at the discount window is the public disclosure of their names, albeit with a lag.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 3:31 pm

KBE

KRE

SPY

XLF

Federal Reserve Chair Jerome Powell stated that the reverse repo facility has shrunk since March and does not account for the decline in bank deposits.

Portfolio Pulse from Happy Mohamed

June 22, 2023 | 3:26 pm

SPY

Federal Reserve Chair Jerome Powell stated that any further increases in capital requirements for large banks would need to be justified, potentially easing concerns about stricter regulations.

Portfolio Pulse from Happy Mohamed

June 22, 2023 | 2:53 pm

KBE

KRE

SPY

XLF

Federal Reserve Chair Jerome Powell announced that the Fed may raise capital requirements for big banks by 20%, potentially affecting the financial sector and related ETFs.

Portfolio Pulse from Happy Mohamed

June 22, 2023 | 2:47 pm

KBE

KRE

SIVBQ

SPY

XLF

Fed Chair Powell stated that there may be some capital increases on banks down to $100B, but not below that, emphasizing the tradeoff between availability of capital and credit, and safety.

Portfolio Pulse from Happy Mohamed

June 22, 2023 | 2:29 pm

SHFS

Safe Harbor Financial (NASDAQ:SHFS) has expanded its lending and deposit relationship with a cannabis multi-state operator by originating an additional first lien-secured loan of approximately $2.9 million on a cultivation facility. This follows the origination of four commercial real estate-backed loans for subsidiaries of a tier-one MSO in May.

Portfolio Pulse from Vuk Zdinjak

June 22, 2023 | 1:19 pm

EBET

CP BF Lending provided Ebet Inc with a limited waiver of some minimum liquidity, financial, and other covenants until June 30, 2023. Ebet does not expect to satisfy the covenants prior to June 30 and will not receive any further waivers.

Portfolio Pulse from Happy Mohamed

June 22, 2023 | 1:08 pm

F

Ford and SK Innovation's joint venture, BlueOvalSK, is set to receive a $9.2 billion government loan for battery plants in Kentucky and Tennessee, according to the Energy Department.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 12:17 pm