HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » BeyondGeography » Journal
Page: 1


Profile Information

Gender: Male
Hometown: NY
Member since: Tue Dec 30, 2003, 12:41 AM
Number of posts: 38,841

Journal Archives

Willis Reed, RIP


Probably my first sports hero. A guy I grew up with and saw in his prime. Team player, invincible, noble. Used to have epic playoff wars with guys like Wes Unseld, Wilt Chamberlain and Lew Alcindor (his rookie year)/Kareem Abdul-Jabbar.

Truly loved in NY.
Posted by BeyondGeography | Tue Mar 21, 2023, 04:44 PM (1 replies)

"Well, you kinda had to be there at the time."

Posted by BeyondGeography | Mon Mar 20, 2023, 10:03 AM (19 replies)

First Republic execs have been cashing out shares this year

And the SEC didn’t know about it. Plus, one other bank had also enjoyed this privilege…Signature:
Top executives of First Republic Bank sold millions of dollars of company stock in the two months before the bank’s shares plummeted during the panic over the health of regional lenders. The bank’s chief risk officer sold on March 6, according to government documents. Two days later, Silicon Valley Bank shocked the market and sent other banks into freefall. First Republic was among the worst hit.

Executives had been selling for months, the documents show. Executive Chairman James Herbert II has sold $4.5 million worth of shares since the start of the year. In all, insiders have sold $11.8 million worth of stock so far this year at prices averaging just below $130 a share. The bank’s chief credit officer, its president of private wealth management and chief executive together sold $7 million worth of stock. First Republic’s stock has tumbled further this week, falling 21% on Wednesday and an additional 22% as of midday Thursday, to $24.13. Credit-rating firm S&P Global Ratings downgraded the bank’s credit by four notches to a speculative or “junk” rating.

…As of Wednesday, First Republic is the only company listed on the S&P 500 index that doesn’t file its insider trades with the SEC, a Wall Street Journal analysis shows. Signature Bank was similarly exempted, but its shares were replaced in the index Wednesday after its closure on Sunday. The quirk in the reporting rules goes back to the Securities Act of 1933, which exempted banks from registering their securities with the SEC.


Posted by BeyondGeography | Thu Mar 16, 2023, 12:34 PM (0 replies)

Senator Warren calls Out Chair Powell for Fed's Plan to Throw 2 Million People Out of Work

Posted by BeyondGeography | Wed Mar 8, 2023, 10:40 AM (18 replies)

Audience laughs as Lavrov claims Ukraine war was 'launched against us'

Posted by BeyondGeography | Sat Mar 4, 2023, 09:39 AM (5 replies)
Go to Page: 1