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PTY: I'd Still Be Overpaying Even At $12
Seeking Alpha· 2026-03-13 20:30
Join for a 100% Risk-Free trial and see if our proven method can help you too. You do not need to pay for the costly lessons from the market itself.Sensor Unlimited is an economist by training with a PhD, with a focus on financial economics. She is a quantitative modeler and for the past decade she has been covering the mortgage market, commercial market, and the banking industry. She writes about asset allocation and ETFs, particularly those related to the overall market, bonds, banking and financial secto ...
Dream Chasers Responds to Carver Attempt to Block Bank Turnaround Expert Moishe Gubin
Businesswire· 2026-03-13 19:53
Core Viewpoint - Dream Chasers Capital Group (DCCG) is responding to Carver Bancorp's Board blocking the nomination of Moishe Gubin and Greg Lewis, highlighting concerns over corporate governance and potential dilution of shareholder value [1][1][1] Group 1: Company Actions and Responses - DCCG, the leading shareholder of Carver Bancorp, criticizes the Board for using corporate mechanisms to disenfranchise shareholders, including a strategic delisting of shares to OTC markets [1][1][1] - The Board's actions are seen as detrimental to shareholders, particularly in blocking Gubin, who has a proven track record in banking turnaround [1][1][1] Group 2: Moishe Gubin's Achievements - Gubin successfully grew OptimumBank's assets from $100 million to over $1.11 billion while maintaining a 49.59% efficiency ratio, significantly better than the industry average of 67.3% [1][1][1] - Under Gubin's leadership, OptimumBank transformed from a loss-making entity to a profitable institution, achieving a net income of $16.65 million in 2025, representing a 600% growth in core earnings since 2021 [1][1][1] - Gubin also cleared a decade-long regulatory consent order by enhancing capital levels to "well-capitalized" status [1][1][1] Group 3: Timeline of Events - On March 5, 2026, the Board informed DCCG of "numerous deficiencies" and plans to block independent nominees just before the SEC deadline [1][1][1] - DCCG submitted nominations for Gubin and Lewis on February 20, 2026, but faced immediate resistance from the Board [1][1][1] - Carver announced a delisting on November 18, 2025, leading to a 50% drop in stock price [1][1][1] Group 4: Shareholder Support and Concerns - DCCG is monitoring Barry Mann's emergence as a 10% filer, suspecting it may be a tactic to dilute the 70% retail shareholder mandate opposing current Board policies [1][1][1] - DCCG emphasizes the importance of the 70% retail shareholder support and urges vigilance against any anti-takeover or dilutive actions as the May 21, 2026, Annual Meeting approaches [1][1][1] - The company remains committed to removing the current Board and restoring Carver's value, advocating for competitive bidding on any new stock issuance [1][1][1]
Trading strategies as volatility rises amid the war in Iran and rising oil
Youtube· 2026-03-13 18:06
We did have a nice rally at the open. It's all but disappeared. Uh crude is now moving up.It was lower. The market liked it. Now crude is higher.Moving back towards 97 a barrel. Uh Weiss. I mean this seems pretty pretty obvious at this point.Stocks are going to have a hard time finding the footing that I suggest they're looking for. As long as the straight of Hormuz uh remains effectively closed, despite efforts by members of the administration to ease concerns about that, there are plenty of concerns and t ...
US stocks today: S&P 500, Nasdaq slip as investors assess data, Iran war fallout
The Economic Times· 2026-03-13 16:33
The financials-heavy Dow was hit the hardest this week, putting it on track for its biggest monthly losses since December 2024. A Commerce Department ‌report showed economic growth ⁠slowed more sharply ⁠in the fourth quarter, following downward revisions to Traders now see one 25 basis point interest rate cut by the "This adds to the stagflation narrative, which is one of the big market fears. If we're going to continue to see pressures from higher oil prices while at the same time the economy is slowing ...
Trump advisor sends blunt message on 'massive' dollar demand
Yahoo Finance· 2026-03-13 15:36
Though the U.S. dollar index (DXY) is still struggling to surpass 100 points, the Donald Trump administration thinks the global demand for the dollar is massive and will only grow. And the White House has pinned its hope on a law focused on "digital dollars." Related: Explained: What is a stablecoin? One battle after another It was in July 2025 that Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act into law. The legislation aims to regulate stablecoins pegge ...
A sticky reading on Fed's favored inflation measure should keep central bank on hold
Yahoo Finance· 2026-03-13 15:21
A reading on the Federal Reserve's preferred inflation gauge released Friday for January, before the Iran war, showed inflation remained sticky, reinforcing the case for the central bank to hold interest rates steady for now. The Personal Consumption Expenditures index for January rose to a two-year high of 3.1% on a "core" basis, which excludes volatile food and energy prices. That's up a tenth of a percentage point from December's core print of 3% and holding at a full percentage point above the Fed's 2 ...
Agi to Announce Fourth Quarter and Fiscal Year 2025 Financial Results on March 23, 2026
Businesswire· 2026-03-13 11:00
Core Viewpoint - Agi Inc, a technology-driven financial services provider in Brazil, is set to announce its fourth quarter and fiscal year 2025 financial results on March 23, 2026, after market close, and will host a conference call to discuss these results [1] Group 1: Financial Results Announcement - Agi Inc will release its fourth quarter and fiscal year 2025 financial results on March 23, 2026, after the market closes [1] - A conference call will be held on the same day at 5:00 PM ET (6:00 PM BRT) to discuss the results [1] - The conference call can be accessed via Zoom and phone, with a live webcast available on Agi's investor relations website [1] Group 2: Company Overview - Agi Inc aims to provide a banking experience that is inclusive and empowering for all Brazilians, addressing the needs of customers often overlooked by traditional banks [1] - The company operates a hybrid model that combines a fully digital bank with physical branches, offering a unique customer experience [1] - Agi's approach is designed to attract more customers and build long-lasting relationships, creating a competitive advantage in the market [1] Group 3: New Business Initiatives - Agibank, a subsidiary of Agi Inc, has launched a new asset management division to expand its market presence [1] - This new business vertical will leverage the bank's credit expertise to structure creative financial solutions [1]
FundBank Acquires Irish Blockchain Startup Trrue Chain in €10m Deal as Institutional Crypto Demand Rises
The Fintech Times· 2026-03-13 10:00
FundBank, the US institutional banking firm founded by former Waystone executives, has made a major investment to acquire the Irish blockchain startup Trrue Chain. The deal is worth €10million ($11million).The acquisition is the first in a series of strategic moves by FundBank to establish itself as a global leader in the support of digital and crypto assets. The timing of the deal aligns directly with a marked increase in demand among institutional asset allocators and fund managers who are now integrating ...
Trump Claims Imminent Iran Surrender Amid Tehran Explosions; China Credit Growth Beats Estimates
Stock Market News· 2026-03-13 09:38
Key TakeawaysPresident Trump informed G7 leaders that Iran is "about to surrender," though he notably did not specify a firm date for the conclusion of the ongoing military conflict.Tehran was rocked by explosions near a pro-government Quds Day march on Friday, as the US-Israeli campaign targeting Iranian infrastructure enters its third week.China’s February credit data significantly outperformed expectations, with Aggregate Financing hitting 9.6 trillion CNY against a 9.245 trillion CNY estimate.India has ...
Stock news for investors: Goeasy shares plunge nearly 60% after lender suspends dividend
MoneySense· 2026-03-13 08:40
Goeasy shares were down $65.90 or 57% at $49.65 in afternoon trading on the Toronto Stock Exchange. The company said it expects to take a $178-million charge for bad loans related to its LendCare business in its fourth quarter and a related writedown of about $55 million for loan interest and fees. It also expects a net increase in allowance for credit losses on gross consumer loans receivable in the quarter of $86 million compared with the amount reported at Sept. 30.Goeasy also announced Felix Wu has been ...