Search Results for: banks
World Gone Mad, Part 2: “Perpetual Preferred”
October 10th, 2016
Towards the end of a credit bubble, ideas that might have seemed crazy in more boring times are not just accepted but embraced by investors desperate to keep the high that comes from effortless bull-market profits. In the junk ...
Guru Investors Avoided Deutsche Bank And These European Financials
October 10th, 2016
Value gurus mostly exited Deutsche Bank (NYSE:DB) before its stock tumbled this month on news it might have to pay a large fine related to the financial crisis. While many maintain positions in other European banks as fear weighs ...
KPMG mLabs accelerator bears fruit
October 10th, 2016
KPMG’s fintech accelerator program with the mutual bank sector, mLabs, has resulted in 18 active commercialisation opportunities to date. KPMG says its mLabs accelerator announced in August has led to 18 joint projects between mutual banks and fintech start-ups, including two cross-sector ...
China’s yuan sinks to six-year low, then erases losses
October 10th, 2016
China’s yuan fell to its lowest level in six years early Monday, breaching a key psychological threshold, before erasing the losses on the first day of trading after a week-long holiday. Traders said the weakening of the yuan CNY=CFXS reflected strength ...
Trade deals – a global issue
October 7th, 2016
The annual Conservative Party conference commenced last Sunday, and the media focus was mostly about the Government’s stance on Brexit. This is hardly surprising, because Mrs May is being secretive, avoiding stoking a public spat with the EU by ...
World Gone Mad, Part 1: “Huge Demand” To Lend Italy Money For 50 Years
October 6th, 2016
You read that right. Not only is Italy selling 50-year bonds, but people are lining up buy them. Italy’s first 50-year bond sale had huge demand (Reuters) – Italy sold its first 50-year bond on Tuesday as ...
The Russian Central Bank revoked Banking licence of a commercial Bank
October 6th, 2016
By its Order No. OD-3414, dated 5 October 2016, the Bank of Russia revoked a banking licence of the Moscow-based credit institution Commercial Bank IMoneyBank, limited liability company, or LLC CB IMoneyBank (Registration No. 1975) from 5 October 2016. The Bank of Russia took such an extreme measure — revocation of the ...
NRGbinary is a case of how scammers can hide in gaps between regulators and defraud thousands of investors
October 6th, 2016
In early 2013, a young Israeli businessman registered a web domain in London for a company called NRGbinary.com. The online options trading website offered clients the opportunity to make large amounts of money from simple bets on the movement ...
Crisis Hits Russian Banking With 15% Job Losses
October 6th, 2016
Fifteen percent of all Russian bank employees have lost their jobs since the start of the country’s economic crisis in 2014, new data has revealed. Figures from the state statistics agency Rosstat show that almost 120,000 people working in ...
Can You Imagine The Fed Raising Rates In This World? Bank Bail-In Edition
October 5th, 2016
I know it’s bad form to express sympathy for the people running the world’s central banks. But come on, they’re human beings in an impossible spot with no idea how to escape. The pain they feel is both intense ...
