By Thomas Atkins FRANKFURT (Reuters) - If running a global bank is complicated, cutting one back is even more difficult. Deutsche Bank faces a long and costly battle, analysts say, to sell Postbank and pare investment banking, the new strategic goals it outlined late on Friday. Show More Summary
Deutsche Bank has been issued with the largest fine of any bank for rigging international bank offer rates – what the UK’s Financial Conduct Authority (FCA) calls “IBORs”. There are several of these rates: the best-known is Libor – “London Inter-Bank Offer Rate” – but there are also the EU’s [...]
The Americans' blocking of reform signals her desire to preserve the dollar's hegemony; but given she lost out spectacularly over the creation of the Asian Infrastructure Investment Bank, IMF reform could become the next serious threat to the dollar's dominance. Show More Summary
The Huallaga Region, and above all the Upper Huallaga is strategic, and each day of greater importance; not only because of its huge potential in natural riches, whose plundering by the World Bank, the International Development Bank and imperialist enterprises in collusion with the great bourgeoisie and the Peruvian State have been planned for [...]
This is an unofficial list of Problem Banks compiled only from public sources.Here is the unofficial problem bank list for April 2015. Changes and comments from surferdude808: Update on the Unofficial Problem Bank List for April 2015. Show More Summary
ZURICH (Reuters) - UBS's chairman said a default by Greece is seen by the International Monetary Fund as "systemically controllable" and he believed it would have a negligible impact on the Swiss bank itself, according to a newspaper interview published on Saturday. Show More Summary
BERLIN (Reuters) - The head of Germany's Bundesbank said on Saturday he had misgivings about granting emergency funding to Greece as the liquidity situation at the country's banks has not improved. Jens Weidmann was speaking at a press event with German Finance Minister Wolfgang Schaeuble after a meeting of euro zone finance ministers in Riga. Show More Summary
Its the weekend, and that means our longer-form, Brooklyn sourced, artisanal reads: • How Wall Street captured Washington’s effort to rein in banks (Reuters) see also Can Bankers Behave?Government regulators begin to question whether...Show More Summary
Apple has release more “Guided Tour” videos on their YouTube channel and website. Apple is really trying to fight the haters by showing exactly why you should want this device. Personally I do not have a single bank/card that works with Apple Pay so this wouldn’t affect my decision. I’m sure it will be great […]
Lloyd Banks drops some bars over The Pharcyde’s “Passing Me By”. Previously: Lloyd Banks – Serial Killa Freestyle
You’d never guess she dreamt up such macabre and violent ends for her characters when you visit Agatha Christie’s idyllic holiday home on the banks of the River Dart in Devon.
One of Greece’s largest banks will wipe away the debts and freeze the mortgages of clients who owe up to 20,000 euros ($21,600) in a move designed to ease the burden on its crisis-hit customers.
Image courtesy of Black Lives Matter. To tell our stories is not just a political necessity but also an opportunity for catharsis and public healing. Which is why we must be concerned when certain stories are marginalized by more mainstream—and perhaps more comfortable—narratives. Show More Summary
Sometimes a picture is indeed worth a thousand words (or a thousand yuan) which is why we present the following map which shows all of the countries that have joined the China-led Asian Infrastructure Investment Bank with no comment other than to say "spot the odd G-7 nations out"... Bonus chart:
The Times has reported that people involved in a series of Canadian uranium-mining deals channelled money to the Clinton Foundation while the firm had business before the State Department. And, in one case, a Russian investment bank connected to the deals paid money to Bill Clinton personally, through a half-million-dollar speaker’s fee. Show More Summary
The decision marks a retreat from the bank’s ambition to serve residents of small towns in Germany as well as hedge funds on Wall Street.
Back in 2012 we introduced readers to Christian Bittar, a former prop trader at Deutsche Bank who profited handsomely by betting on the direction of rates he conspired with others to manipulate (recall that when it comes to betting on...Show More Summary
One month ago we wrote about the ripple effects of the "mini-Greece going off in the heartland of Europe", referring of course to the Viennese black swan, the bailed-in implosion of the Austrian Heta bad bank which nobody had anticipated because the numbers were so thoroughly cooked, nobody had even the faintest clue just how bad the truth was. Show More Summary
Broad Equity Market Tone: Advance/Decline Line: Modestly Lower Sector Performance: Mixed Volume: Slightly Below Average Market Leading Stocks: Underperforming Equity Investor Angst: Volatility(VIX) 12.37 -.88% Euro/Yen Carry Return Index...Show More Summary
There's a huge disconnect in the US stock market right now. A new Bank of America Merrill Lynch survey published Friday finds that U.S. investors have pulled $79B out of equities year to date — including net outflows in 9 of the past...Show More Summary