Bill Ackman – DIGIT INFO

Bitcoin gets ‘whale games’ warning as BTC price eyes $40K into US data

DIGIT — Wed, 29 Nov 2023 11:30:13 +0000

Bitcoin whales may yet spark mass profit-taking should BTC price action target $40,000 or higher.

Billionaire Bill Ackman on US Banking Crisis: We Are Running Out of Time to Fix This Problem

DIGIT — Sun, 07 May 2023 01:49:56 +0000

Billionaire Bill Ackman has warned that “We are running out of time” to fix the problem that led to the collapses of regional banks. “How many more unnecessary bank failures do we need to watch before the FDIC, U.S. Treasury, and our government wake up?” he stressed, adding that “We need a systemwide deposit guarantee […]

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Former Treasury Official Issues Dire Warning, Bill Ackman Fears Economic ‘Train Wreck,’ US Gov. Remains Top BTC Holder, and More — Week in Review

DIGIT — Sun, 02 Apr 2023 13:04:58 +0000

Warnings continue to pervade market and financial news this week, with Monica Crowley, former assistant secretary for public affairs for the U.S. Department of the Treasury, indicating “catastrophic” consequences if the U.S. dollar loses its status as the world’s reserve currency. In related news, billionaire Bill Ackman warned that the U.S. economy is “heading for […]

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Billionaire Bill Ackman on US Banking Crisis: ‘I Fear We Are Heading for a Train Wreck’

DIGIT — Sun, 26 Mar 2023 01:30:13 +0000

Billionaire Bill Ackman has warned that the U.S. economy is “heading for a train wreck” if the government allows the current banking crisis to continue. “Trust and confidence are earned over many years, but can be wiped out in a few days,” he said. “Hopefully, our regulators will get this right.” Bill Ackman’s Warning Billionaire […]

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Report: Silicon Valley Bank Under FDIC Auction as Calls for Bailout Grow

DIGIT — Sun, 12 Mar 2023 18:30:23 +0000

The U.S. Federal Deposit Insurance Corporation (FDIC) began an auction process for Silicon Valley Bank (SVB) late Saturday night, according to reports. Final bids are due by Sunday afternoon. Unnamed sources indicate that the FDIC is seeking to close the deal promptly after California regulators closed the bank and placed it into FDIC receivership on […]

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Bill Ackman warns US gov’t: Fix mistake in ‘48 hours’ or face ‘destruction’

DIGIT — Sun, 12 Mar 2023 06:14:54 +0000

Billionaire Bill Ackman said that SVB’s senior management made a “basic mistake” but should be fired.

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Billionaire Warns of Imminent Bank Runs if Government Fails to Guarantee All SVB Deposits

DIGIT — Sun, 12 Mar 2023 03:30:23 +0000

Billionaire Bill Ackman has warned of “vast and profound” consequences of the U.S. government letting Silicon Valley Bank (SVB) fail without protecting all depositors. “No company will take even a tiny chance of losing a dollar of deposits as there is no reward for this risk. Absent a systemwide FDIC deposit guarantee, more bank runs […]

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Silicon Valley Bank Faces Financial Woes as Stock Is Halted, Sells $21 Billion Bond Portfolio at a $1.8 Billion Loss

DIGIT — Fri, 10 Mar 2023 17:04:58 +0000

On March 10, 2023, market observers are discussing the troubles Silicon Valley Bank (SVB) faces, as the firm’s stock slid more than 60% in the last 24 hours. SVB was forced to sell a $21 billion bond portfolio at a $1.8 billion loss. CEO Greg Becker insists that the financial institution “will be well positioned” […]

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Caroline Ellison’s Testimony Claims FTX Boss SBF Directed Her to Co-Mingle Customer Funds Since 2019

DIGIT — Fri, 23 Dec 2022 23:04:45 +0000

On Dec. 23, 2022, Matthew Russell Lee from the Inner City Press published the recently unsealed guilty plea transcript of Caroline Ellison, Alameda Research’s former CEO. In her statements, Ellison describes that she was the co-CEO and CEO of Alameda, and under those roles, she reported directly to the former FTX CEO Sam Bankman-Fried (SBF). […]

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Kevin O’Leary, Bill Ackman Slammed for Defending Sam Bankman-Fried — ‘I Think SBF Is Telling the Truth’

DIGIT — Fri, 02 Dec 2022 00:30:44 +0000

Shark Tank star Kevin O’Leary and billionaire hedge fund manager Bill Ackman have been slammed for stating that they believe Sam Bankman-Fried (SBF) was telling the truth that he “didn’t knowingly commingle funds.” The former CEO of the collapsed crypto exchange FTX also said he “wasn’t running Alameda,” so he “didn’t know exactly what was […]

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