FineMark

APRIL 13, 2023

Bank Failures, Rate Hikes and Market Mean Reverts As investment practitioners, we regularly encourage our clients to remain calm when reacting to unfavorable media reports about the economy or geopolitics. banks: Silicon Valley Bank (SVB) of Santa Clara, CA and Signature Bank of New York City. bank failures.

Banking 52

Banking Bank Investment Economics 52

FineMark

OCTOBER 17, 2023

What we didn’t anticipate was the government liquidity cannons firing in response to three bank failures: Signature, Silicon Valley Bank, and First Republic. In direct response to the averted crisis, the Bank Term Funding Program (BTFP) added $300 billion to the Federal balance sheet in just three weeks.

S&P 52

S&P Investment Portfolio Corporation 52

FineMark

JANUARY 20, 2023

inflation hit levels not seen in 40 years, which caused the central bank to leap into action to combat this silent confiscator of wealth. FIGURE 5 FineMark National Bank & Trust© Happy New Year Looking back on the past year, we find many reasons to express our gratitude.

Economics 52

Economics Portfolio Equities Investors 52

FineMark

JULY 13, 2023

The rash of bank insolvencies we saw in Q1 came to a halt, likely due to the Bank Term Funding Program announced in March by the Federal Reserve. This lifeline, designed to assist banks with liquidity needs, stood in contrast to the Fed’s decision to hike the fed funds rate once again. banking system. banking system.

S&P 52

S&P Banking Bank Investment 52

FineMark

JANUARY 17, 2024

As we’ve discussed in prior letters, China is falling victim to several negative circumstances simultaneously: a demographic collapse, a property meltdown, an insolvent banking system, and a political regime that seems to have lost touch with reality. Over the past 20 years, China has been the world’s growth engine.

S&P 52

S&P Equities Valuation Investment 52