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GS

SPY

Goldman Sachs CEO David Solomon stated that there is a reasonable chance for interest rates to go higher, potentially impacting the financial sector.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 2:34 pm

XSHLF

XS Financial Inc. has amended its unsecured convertible notes worth $43.5 million, extending the maturity date to either December 31, 2024 or June 30, 2024, depending on certain conditions. The amendments also include changes to the conversion price, interest rate, and removal of a debt-to-net-worth ratio restriction.

Portfolio Pulse from Vuk Zdinjak

June 12, 2023 | 2:28 pm

GS

SPY

Goldman Sachs CEO David Solomon expects more real estate lending impairments this quarter due to the ongoing impact of the pandemic on the commercial real estate sector.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 2:26 pm

TRNR

Interactive Strength Inc. (NASDAQ: TRNR), maker of premium smart home gyms and provider of virtual personal training services, has secured a $15 million credit facility to support increased demand. The company recently announced partnerships with luxury hotel chain Aethos and sports retail company SIGNA Sports United.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 1:20 pm

KRE

Former Federal Reserve board member Kevin Warsh warns of a potential slowdown and stagnation in the US banking system, requiring government support. He criticizes past regulatory policies and calls for immediate action to reduce risks, including promoting private recapitalization and allowing consolidation among banks.

Portfolio Pulse from Shanthi Rexaline

June 12, 2023 | 9:44 am

BAC

Gold bug Peter Schiff warns that the US banking system is insolvent and would collapse without government backstops. He highlights Bank of America's low interest rates on savings and checking accounts compared to the fed funds rate. Schiff's warning comes as the Federal Reserve is set to meet for a two-day monetary policy meeting.

Portfolio Pulse from Shanthi Rexaline

June 11, 2023 | 12:29 pm

CS

UBS

UBS and the Swiss government have signed an agreement for the government to cover up to $10 billion in losses from its emergency takeover of Credit Suisse.

Portfolio Pulse from Happy Mohamed

June 09, 2023 | 1:40 pm

CS

UBS

UBS Group AG has signed a loss protection agreement with the Swiss government following its acquisition of Credit Suisse Group AG. The deal states that UBS will handle potential losses of the first CHF 5 billion, and the Swiss government will cover losses of the next CHF 9 billion. UBS will also pay the Swiss government a guarantee fee.

Portfolio Pulse from Lekha Gupta

June 09, 2023 | 10:49 am

WBD

Warner Bros. Discovery has repaid $750M of borrowings under its multicurrency revolving credit agreement and $800M of borrowings outstanding under its term loan prior to the due date of April 2025. The company also commenced a cash tender offer to purchase its outstanding Floating Rate Notes due 2024.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 9:32 pm

GS

Goldman Sachs President John Waldron stated that he cannot provide certainty on further job cuts and expects the financing environment to become tougher.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 1:23 pm