Investing General Discussion

Jysin

Jysin

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Edaw said:
Someone explain this to me.

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HSBC bought the UK arm of SVB only.

The acquisition – which cost HSBC £1 – followed overnight talks between Downing Street, the Bank of England and HSBC bosses including the chief executive, Noel Quinn, as authorities rushed to protect the finances of SVB UK’s 3,500 customers. Those customers included venture capital investors and hundreds of tech startups that feared they would go bust if their deposits were wiped out.

(No FDIC parachuting in to secure depositors here in the UK)
 
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Edaw

Edaw

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Jysin said:
HSBC bought the UK arm of SVB only.

The acquisition – which cost HSBC £1 – followed overnight talks between Downing Street, the Bank of England and HSBC bosses including the chief executive, Noel Quinn, as authorities rushed to protect the finances of SVB UK’s 3,500 customers. Those customers included venture capital investors and hundreds of tech startups that feared they would go bust if their deposits were wiped out.

(No FDIC parachuting in to secure depositors here in the UK)
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I guess I'm confused by the assets and liabilities part. I'm assuming they are still part of the deal. Like buying your parent's house for a dollar type of deal. You still get the house and all the problems.

So it was an auction of 1 and noone else showed up?
 
Jysin

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SIVB

DOJ and SEC said to have formally opened investigations into executive trading, company disclosures - press
 
Edaw

Edaw

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Looks like HSBC got a pretty good deal after looking into it. The UK portion was pretty solid and they get to add 3300 grateful customers.
 
Mist

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Sanrith Descartes

Sanrith Descartes

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Closed out the C puts I wrote yesterday. 73% profit. Most likely I could have road them to expiry for a penny, but I'm not greedy and who the fuck knows what Janet Powell is gonna do. Imma take my shekels off the table and be happy.
 
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Zzen

Zzen

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Ut oh Pivot Bros…

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edit: SPY bounced pretty hard off of 387 into the close 📈
 
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Sanrith Descartes

Sanrith Descartes

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iamacynic37 said:
What's the best war stock one year into a High-Intensity European conflict? Go back in time, buy Raytheon/Lockheed or just wait for better prices
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Raytheon makes missiles but its currently running a PE over 27. The boat for defense stocks sorta left a while ago.
 
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Sanrith Descartes

Sanrith Descartes

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iamacynic37 said:
Yes, exactly. The Boat left when Ukraine war kicked off. Outside of WWIII, defense needs to cool TF out to normal levels
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I am a big fan of the MIC stocks normally. I sold my RTX, LMT, NOC for some pretty good change. Havent had an opportunity to jump back in them.
 
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iamacynic37

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Sanrith Descartes said:
I am a big fan of the MIC stocks normally. I sold my RTX, LMT, NOC for some pretty good change. Havent had an opportunity to jump back in them.
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I am as well huge fan of MIC, especially when we're Free-Market killing communists as we are in Ukraine.
Though, this market was already inflated and the Chinese has brokered peace for Saudis/Iran so no Middle East WAR.
*Womp Womp*
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