First Republic suffered a downgrade on Wednesday from two credit agencies, sending its stock down more than 20%. Cordell Eminent Scholar Jay Ritter explained that “rating agencies normally follow rather than lead in terms of the stock price.” “It’s more
Jay Ritter Articles: page 17
Page:
Who Is Cross River Bank, USDC Stablecoin Issuer Circle’s New Partner?
The New Jersey-based regional bank has an increased profile after the trio of recent bank collapses – and will likely face added regulatory scrutiny. “Regulators who tend to fight the last war are certainly on guard right now – looking
Silicon Valley Bank becomes biggest bank since 2008 financial crisis to be taken over by FDIC
SVB Financial Group’s Silicon Valley Bank on Friday become the first major bank since the global financial crisis in 2008 to be taken over by the Federal Deposit Insurance Corp. in a sudden demise for a once-mighty lender to technology
Even after Silicon Valley Bank’s collapse, WaMu’s is still the biggest
In the hours since the surprise collapse of Silicon Valley Bank with its roughly $209 billion in assets, the U.S. financial system is reeling from the second-largest bank failure in the country’s history. The rapid failure of Silicon Valley Bank left a
Silicon Valley Bank just imploded. Here’s what it means for your money
The words “bank run” evoke images of panicked investors pounding on the doors of an august institution, demanding their money for fear it will vaporize. Metaphorically, that’s what happened at Silicon Valley Bank, which collapsed Friday morning just two days after
Mideast spymaster’s hot AI plays rely on related-party sales
Two high-flying AI companies backed by an influential Middle Eastern royal have been opening up to the public markets for the first time. Behind the scenes, their rise has been predominantly powered by business with connected parties. Cordell Eminent Scholar
Direct listings expansion creates another go-public option
Now that companies have regulatory approval to raise capital through a direct listing without being limited by tight pricing restrictions, the yet-unused alternative to a traditional initial public offering could find more takers once market conditions improve. “The relaxation of
Nasdaq: Update on IPOs and SPACs
Data from Cordell Eminent Scholar Jay Ritter informs this story on the significant IPO slowdown in 2022. In the whole year, there were just 181 IPOs in U.S. equity markets, having seen more than 1,000 the year before. Read more
IPOs could be headed for a rocky road in 2023
Initial public offerings appear likely to remain sluggish for at least several months to start 2023, while special purpose acquisition companies, which provide businesses with alternative paths to public listings, face headwinds of their own. The IPO drought could last
Startups end a bruising 2022, stare down another challenging year
Startups had a dismal year by nearly every measurement in 2022, from plummeting investment to scarce public listings, and data point to a 2023 that could be even more difficult. Insights from Cordell Eminent Scholar Jay Ritter inform this story
Page: