What Risk: Deutsche Bank Ramps Up Loans Business In Desperate Scramble For...
We have some sympathy for John Cryan, but only to the extent that he has the near impossible task of putting the biggest German bank back on a sound footing regaining market share and generating some...
View ArticleBanks Warn London Facing Brexit "Point Of No Return"
During his trip to London this week, US Commerce Secretary, Wilbur Ross, wasn’t only defending revelations in the Paradise Papers that he’d invested in a shipping company with ties to the Putin family....
View ArticleOne Year Later: These Are The Best And Worst Performing Assets Under...
"A Happy Trumpiversary to all our readers this morning" - Deutsche BankToday marks exactly 12 months since the US election on November 8th 2016, and as Deutsche Bank writes in "A Happy 12 Month...
View ArticleSaudi Billionaires Scramble To Move Cash Offshore, Escape Asset Freeze
Over the weekend, Saudi King Salman shocked the world by abruptly announcing the arrests of 11 senior princes and some 38 ministers, including Prince Al-Waleed bin Talal, the world’s sixty-first...
View ArticleDeutsche Bank CEO Says AI Will Help Him Cut Tens Of Thousands Of Jobs
While many in the financial services industry are dreading the day that AI technology becomes advanced enough to render broad swaths of the human workforce obsolete, Deutsche Bank’s John Cryan...
View ArticleDeutsche: Every Time We Asked "How Much Lower Could Vol Go” Things Would...
According to Deutsche Bank's Aleksandar Kocic, we live in a reflexive world, one where "the Fed knows that the market knows and the market knows that the Fed knows that the market knows, so everyone...
View ArticleKey Events In The Coming Week: Taxes, Inflation, Yellen, Draghi, Kuroda And...
This week’s economic calendar features several key data releases and Fedspeak. The main data release in US include: CPI inflation, retail sales, industrial production, housing data and monthly budget...
View ArticleS&P Downgrades Venezuela To "Selective Default" After Bondholder Meeting...
Creditors had little expectations from today's ad hoc meeting with "soon-to-default" Venezuela, and with good reason: not only was the meeting attended by several sanctioned Venezuelan officials,...
View ArticleMauldin: The Distribution Of Pain
Authored by John Mauldin via MauldinEconomics.com,When you write about economics, you learn very quickly that the economy doesn’t care what you say about it. The forces that drive it are beyond any one...
View ArticleActivists, Including Cerberus, Take 6.9% Stake In Deutsche Bank
The Deutsche Bank story has evolved rapidly this morning: Bloomberg reports that Deutsche Bank had attracted a “new top investor” in the ongoing process of its endless restructuring, then Handelsblatt...
View ArticleThe Complete Idiot's Guide To The Biggest Risks In China
With both commodities and Chinese stocks suffering sharp overnight drops, it is hardly surprising that today trading desks have quietly been sending out boxes full of xanax their best under-25 clients...
View ArticleWhy Australia's Economy Is A House Of Cards
Authored by Matt Barrie via Medium.com,Co-authored with Craig Tindale.I recently watched the federal treasurer, Scott Morrison, proudly proclaim that Australia was in “surprisingly good shape”. Indeed,...
View ArticleDeutsche: The Swings In The Market Are About To Get Bigger And Bigger
One week ago, on November 9 something snapped in the Nikkei, which in the span of just over an one hour (from 13:20 to 14:30) crashed more than 800 points (before closing almost unchanged) at the same...
View ArticleFed Hints During Next Recession It Will Roll Out Income Targeting, NIRP
In a moment of rare insight, two weeks ago in response to a question "Why is establishment media romanticizing communism? Authoritarianism, poverty, starvation, secret police, murder, mass...
View ArticleDraghi Speech: Everything Is Awesome In Europe, No Signs Of Systemic Risks
Mario Draghi gave the keynote speech at the Frankfurt European Banking Congress this morning in which he focused on the strong outlook for the Eurozone economy and how his monetary policy is playing a...
View Article"This Just Feels Like Death": Analysts Flee Research Positions Amid MiFID II...
For the past couple of months, we've frequently shared our views that Europe's MiFID II regulations, which force investment banks to charge for equity research instead of "giving it away" in return for...
View Article"We Paid A Heavy Price For This Mistake" - Europe To Be Flooded With 2nd...
Back in 2015, at the height of Angela Merkel's "open door" admission policy which in addition to granting German entry to over 1 million refugees, many of whom turned out to be radical jihadists and...
View Article"It's Global & It's Viral" - DiMartino Booth Exposes The Fed's Biggest Fear
Via Greg Hunter's USA Watchdog blog,Former Federal Reserve insider Danielle DiMartino Booth says the record high stock and bond prices make the Fed nervous because it’s fearful of popping this record...
View ArticleS&P Futures Hit Record High As European Euphoria Takes Over Forgotten China Rout
Yesterday's China stock market rout, in which the Shanghai Composite tumbled the most since June 2016 to three month lows, and which prompted traders to question the dedication of Beijing's plunge...
View ArticleFOMC Minutes - Buy Gold As Fed Shows Uncertainty And Concern Over Financial...
FOMC minutes show uncertainty and concern about markets are affecting officials' decision-making- Officials were cautious when evaluating market conditions and the 'damaging effects on the economy'-...
View Article