美國政府給棺材釘釘子 更多銀行倒閉

Bill Ackman Warns US Regional Banking System Is at Risk

https://www.bnnbloomberg.ca/bill-ackman-warns-us-regional-banking-system-is-at-risk-1.1915670

Natalie Choy, Bloomberg News, May 3, 2023

 

Bill Ackman, chief executive officer of Pershing Square Capital Management LP, speaks during a Bloomberg Television interview in New York, U.S., on Wednesday, Nov. 1, 2017. Ackman discussed his proxy fight at Automatic Data Processing. , Bloomberg

(Bloomberg) -- The US regional banking system is at risk and the regulator’s failure to update and expand its insurance regime has “hammered more nails in the coffin,” Pershing Square’s Bill Ackman said. 

First Republic Bank was the second-biggest bank failure in US history, and the fourth regional lender to collapse since early March after Silvergate Capital Corp., SVB Financial Group’s Silicon Valley Bank and Signature Bank. JPMorgan Chase & Co. acquired First Republic on Monday, beating out rivals including PNC Financial Services Group Inc. 

The billionaire investor said First Republic wouldn’t have failed if the Federal Deposit Insurance Corp. temporarily guaranteed deposits while a new regime were created. “Instead, we watch the dominoes fall at great systemic and economic cost,” he said.

PacWest Bancorp, a Beverly Hills-based lender, plunged as much as 60% in postmarket trading Wednesday and has been considering a breakup or a capital raise, according to people familiar with the matter.

“Banking is a confidence game. At this rate, no regional bank can survive bad news or bad data as a stock price plunge inevitably follows, insured and uninsured deposits are withdrawn and ‘pursuing strategic alternatives’ means an FDIC shutdown over the coming weekend,” Ackman said.

Michael Barr, the vice chair for supervision for the Federal Reserve, and FDIC chair Martin Gruenberg are scheduled to testify at the Senate Banking Committee hearings on US bank failures later this month. 

The hearings come as Barr leads an effort at the Fed to review a range of rules that apply to firms with more than $100 billion in assets, including stress testing and liquidity requirements, following the failures. 

Ackman in March suggested that the FDIC should guarantee all of SVB’s deposits after its collapse, shortly before the US implemented emergency measures to backstop banks. He has repeatedly called for an improvement in the deposit guarantee program.

Ackman Warns of Accelerated Deposit Outflows After Fed Decision

He said then that he and Pershing Square had no direct exposure to SVB and that “collectively, my venture exposure is less than 10% of my assets.”

(Updates with comments on Ackman’s exposure and deposit guarantee advocacy in penultimate paragraph.)

©2023 Bloomberg L.P.

對衝基金大鱷阿克曼：美國整個地區銀行體係麵臨風險，更多銀行將倒閉

環球市場播報 05.04.2023

潘興廣場資本管理公司創始人比爾·阿克曼（Bill Ackman）表示，美國整個地區銀行體係麵臨風險，因為監管機構未能更新和擴大其存款保險製度，“給棺材釘上了更多釘子”。

 

阿克曼寫道：“銀行業是一場信心遊戲。按照這種速度，沒有一家地區性銀行能在壞消息或壞數據中幸存下來，因為股價不可避免地會暴跌，有保險和沒有保險的存款被提取，而‘尋求戰略替代方案’意味著接下來的周末將被FDIC關閉。”

他說，如果聯邦存款保險公司（FDIC）在新製度建立時暫時為存款提供擔保，第一共和銀行就不會倒閉。“相反，我們看著多米諾骨牌倒下，付出了巨大的係統和經濟代價。”

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