| Previous close | 76.00 |
| Open | 72.90 |
| Bid | 0.00 |
| Ask | 0.00 |
| Strike | 190.00 |
| Expiry date | 2023-08-18 |
| Day's range | 72.90 - 76.00 |
| Contract range | N/A |
| Volume | |
| Open interest | N/A |
- Yahoo Finance
UBS chairman on Credit Suisse deal: We hoped this day would not come
A shotgun marriage between two Swiss rivals.
- Financial Times
“You f****d up. You trusted us”
In Animal House the eager-to-please Flounder lends his brother’s car for a Delta Tau Chi fraternity road trip. When the car gets wrecked, Flounder sobs uncontrollably. Last week I wrote in FTAV that Silicon Valley Bank’s mission-critical $2.25bn common and preferred stock offering via Goldman Sachs was doomed to fail because it had not already been “spoken for” — either fully underwritten or subscribed-for — prior to launch in the public markets.
- Financial Times
Asset Management: BlackRock’s risk control warnings to SVB
One scoop to start: Billionaire trader Chris Rokos and Goldman Sachs are among big-name investors that have been hit hard in the market upheaval following the collapse of Silicon Valley Bank. BlackRock has emerged as a behind-the-scenes protagonist in the saga of Silicon Valley Bank, the California-based lender whose failure helped spark a banking crisis. The world’s largest asset manager warned SVB that its risk controls were “substantially below” its peers in early 2022, revealed by my colleagues Antoine Gara and Brooke Masters in New York.
