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  • The world struggles to predict financial fallout from California bank collapse
    World Finance News

    The world struggles to predict financial fallout from California bank collapse

    March 15, 2023 /

    As the millionaire depositors in Silicon Valley Bank got all their money back courtesy of a U.S. government agency, there were no doubt sighs of relief among those bank customers who would otherwise have taken a severe financial beating. Until the U.S. government swooped in Monday, that included the vast majority of deposits at SVB, which catered to Silicon Valley startups and venture capital firms. Deposits over $250,000 US are uninsured by the Federal Deposit Insurance Corporation or FDIC. Even the conservative-leaning Wall Street Journal, harking back to the hundreds of billions of dollars handed out following the 2008 banking meltdown, is debating whether the support for uninsured depositors in the second largest…

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    Reynaldo Jackson Comments Off on The world struggles to predict financial fallout from California bank collapse

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  • Analyst Predicts Success For Cannabis Finance Company Amidst Industry Struggles, Reiterates Overweight Rating
    Finance Analyst

    Analyst Predicts Success For Cannabis Finance Company Amidst Industry Struggles, Reiterates Overweight Rating

    January 22, 2023 /

    Silver Spike Investment Corp. SSIC is a specialty finance firm shaped to invest across the cannabis ecosystem via investments in the variety of direct loans to hashish businesses. The firm allocated a full of $21 million to the Verano Holdings Corp. VRNOF $350 million senior secured credit history facility in November and noted web expenditure profits of $550,415 for the Q2 2023, compared to net expense reduction of $128,186 in Q2 2022. On January 18th, hashish REIT, Progressive Industrial Homes, Inc. IIPR, declared that three of its tenants are in default: &#13 &#13 SH Dad or mum, Inc. (Parallel) was in default on its obligations to shell out rent at…

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