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Bank Failure #2 in 2023: Silicon Valley Bank

Calculated Risk

Note: There were over 500 bank failures during and immediately following the GFC, and almost 300 in just 2009 and 2010. That was mostly due to default risk (poor performing MBS). I don't expect a large wave of failures now. From the FDIC: FDIC Establishes Signature Bridge Bank, N.A.,

Banking 130
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Market Commentary: Tariffs Have Increased Market Uncertainty, but Job Growth Remains Solid

Carson Wealth

Then who could ever forget the Great Financial Crisis ,which bottomed on March 9, 2009 after a down 56% generational bear market? to 80.5%, but thats still higher than anything we saw over the last two expansion cycles (2003 2007 and 2009 2019).

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When Should the New Yew York Department of Financial Services have Rehabilitated American Transit Insurance?

Aleph

That enabled me to look at the Five-Year Historical Data Pages, which gave me data series on important aspects of ATI’s business from 2009-2023. If you look at the graph at the top of this article, you will see how surplus declined 2009-2013. From 2009-2013, the implied expected loss plus LAE rate for new business was 81.2%.

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Why did Reliance stock fall by 50%?

Trade Brains

Previously, Reliance announced a 1:1 bonus issue in 2009, with similar issues in 1997. The company demerged Jio Financial Services Ltd in July 2023, further demonstrating its focus on reshaping its business structure. Earlier bonus shares were issued at varying ratios, including a 6:10 issue in 1983 and a 3:5 in 1980.

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Does the ISM Services Index Really Reflect the Real World?

Mish Talk

The rate of contraction was the fastest since August and among the sharpest on record (since October 2009). Struggling most of all is the financial services sector, though consumer facing service providers are also seeing a steep fall in demand as households tighten their budgets. "A

Economy 190
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Market Commentary: Strong Jobs Report Gets the “Good News Is Bad News” Treatment

Carson Wealth

The last two highlight the challenges of keeping up with changing markets and technology, as GM declared bankruptcy in 2009 and Kodak in 2012. The NASDAQ 100 Index includes publicly-traded companies from most sectors in the global economy, the major exception being financial services. Compliance Case # 7521978.1._011325_C

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Market Commentary: Good Riddance February, Hello March

Carson Wealth

Those other times we saw fear similar to this were times like the recession and near bear market of 1990, October 2008 and March 2009 during the Great Financial Crisis, and the end of the bear market in 2022. Heres the catch. A diversified portfolio does not assure a profit or protect against loss in a declining market.