美国政府给棺材钉钉子 更多银行倒闭

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bank can survive bad news or bad data as a stock price plunge inevitably follows, insured and uninsured deposits are withdrawn and ‘pursuing strategic alternatives’ means an FDIC shutdown over the coming weekend,” Ackman said.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.

对冲基金大鳄阿克曼：美国整个地区银行体系面临风险，更多银行将倒闭

环球市场播报 05.04.2023

潘兴广场资本管理公司创始人比尔·阿克曼（Bill Ackman）表示，美国整个地区银行体系面临风险，因为监管机构未能更新和扩大其存款保险制度，“给棺材钉上了更多钉子”。

 

阿克曼写道：“银行业是一场信心游戏。按照这种速度，没有一家地区性银行能在坏消息或坏数据中幸存下来，因为股价不可避免地会暴跌，有保险和没有保险的存款被提取，而‘寻求战略替代方案’意味着接下来的周末将被FDIC关闭。”

他说，如果联邦存款保险公司（FDIC）在新制度建立时暂时为存款提供担保，第一共和银行就不会倒闭。“相反，我们看着多米诺骨牌倒下，付出了巨大的系统和经济代价。”

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