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The Bail-In of Credit Suisse CoCos: Why Principal Write-Down Made Sense

Reynolds Holding

According to the 2022 CS Annual Report , the book value per share was 11.45 This means that, compared with the account value of 2022, CS shareholders lost more than 42 billion CHF. Accounting values are clearly imperfect, but they are the metric that matters for determining bank insolvency. Swiss francs (CHF) per share.

Banking 59
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Banc of California and PacWest Announce Transformational Merger and $400 Million Equity Raise from Warburg Pincus and Centerbridge

Benzinga

Diversified deposit base and loan portfolio: The combined company will focus on serving small and medium-sized businesses in its footprint through exceptional treasury management services and commercial and real estate lending that leverage Banc of California's and PacWest's mutual strengths in core community banking.

Equity 40
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Data Update 5 for 2023: The Earnings Test

Musings on Markets

As I have argued in all four of my posts, so far, about 2022, it was year when we saw a return to normalcy on many fronts, as treasury rates reverted back to pre-2008 levels, and risk capital discovered that risk has a downside.

Equity 52
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Market Resilience or Investors In Denial? A Mid-year Assessment for 2023!

Musings on Markets

In my third post at the start of 2023, I looked at US treasuries, the long-touted haven of safety for investors. In 2022, they were in the eye on the storm, with the ten-year US treasury bond depreciating in price by more than 19% during the year, the worst year for US treasury returns in a century.

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Data Update 1 for 2021: A (Data) Look Back at a Most Forgettable Year (2020)!

Musings on Markets

Challenge rules of thumb and conventional wisdom : Investing has always had rules of thumb on how and when to invest, ranging from using historical PE or CAPE ratios to decide if markets are over valued, to simplistic rules (eg. buy stocks that trade at less than book value or trade at PEG ratios less than one) for individual stocks.

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National Bank Holdings Corporation Announces First Quarter 2022 Financial Results and Agreement to Acquire Rock Canyon Bank

Benzinga

They will also benefit from enhanced service offerings including expanded commercial loan and treasury management solutions.". "We Common book value per share decreased $0.71 Tangible common book value per share decreased $0.69 Tangible common book value per share decreased $0.69 Treasury stock. .

Banking 40