Viewpoints

Information and education are an essential part of the client experience, and we
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MCM Webinars – Art as A Family Passion and Investment

Susan Sofronas, Manchester Capital Management Partner and Managing Director, hosts a presentation and discussion with Amy Cappellazzo, Founding Partner at Art Intelligence Global and former Chairman of Sotheby’s Fine Art Division. During this session they explore key topics for families interested in collecting and investing in art. The discussion covers the current state of the art market, how to access and source art, the methods used to value artwork, and strategies for transferring art across generations.

04.05.2023
All Eyes on the Banks

All Eyes on the Banks

Following the collapse of Silicon Valley Bank and Signature Bank, banking regulators appeared on Capitol Hill last week. Fed Vice Chair for Supervision Barr and FDIC Chair Gruenberg testified before the Senate Banking and House Financial Services Committees about the recent bank failures. The Federal Deposit Insurance Corporation estimates it will cost $22.5 billion to backstop both Silicon Valley Bank and Signature Bank, guaranteeing all deposits.   After the initial shock of these bank failures and the heightened sensitivity around bank holdings, the market rapidly adjusted to the new risks with the quickest monetary tightening in 44 years. Still, banks face several headwinds. First, the yield curve remains inverted—longer-term interest rates are lower than short-term rates. For example, the 10-year Treasury is yielding 3.38%, while the Fed Funds rate is 5%. This inversion is the largest in 42 years. It is generally viewed as a bearish signal for the economy,...