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Banker Suicides Return: JPMorgan Executive "Blasts Wife, Kills Self" With...
With Russia and China having briefly taken over the hub of global executive suicides, the sad trend has returned back to America. In what appears to the 15th financial services executive suicide this...
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Ex-Goldman Banker Confirms "Profits Above Principles" With 100%-Plus Business...
Confirming every Wall Street stereotype that "ethics are all well and good, but money is more important," the ex-Goldman Sachs banker who wrote a book on whether the bank always put "profits above...
View ArticleFrontrunning: July 11
Carl Icahn says 'time to be cautious' on U.S. stocks (Reuters)Banco Espirito Santo Lifts Lid on Exposure to Group (BBG)Slowing Customer Traffic Worries U.S. Retailers (WSJ)Insurgents enter military...
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Germany Instructs Its Companies To Limit Cooperation, Procurement Orders With...
Update: it just got worse. Moments ago Bloomberg followed up with the second, and expected, part of this story, namely that just like China cut off major US corporations from big procurement contracts...
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CME, Reuters Picked To Replace Silver Fixing In Process Supervised By Former...
A few days ago we reported that the World Gold Council was actively preparing to announce the replacement to the existing gold/silver fix, a system that had allowed the rigging of precious metals for...
View ArticleFrontrunning: July 14
Secret Path Revealed for Chinese Billions Overseas (BBG)Traders Flood U.S. With $3.4 Trillion of Bond-Auction Demand (BBG)Just in time to cover bad earnings in a massive $3.8 billion "one-time charge":...
View ArticleFrontrunning: July 17
Bubble Paranoia Setting in as S&P 500 Surge Stirs Angst (BBG)But how will math PhDs determine "fair value" - Wall Street Techs Take Secrets to Next Job at Their Peril (BBG)U.S., EU Escalate Russia...
View ArticleThe Fed's Cancerous Actions Are Killing the Patient
Many commentators consider what the Fed has done to be akin to providing stimulus, morphine, juice to an ailing economy. We believe Fed’s actions would be more appropriately described as permitted...
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How RenTec Made More Than $34 Billion In Profits Since 1998: "Fictional...
Ten days ago Bloomberg reported that as a result of various tax dodges, one of the fastest-trading hedge funds in the US, Jim Simmons' Renaissance Technologies, had managed to avoid paying ordinary...
View ArticleFrontrunning: July 22
EU Works to Punish Russia as MH17 Bodies Leave Rebel Area (BBG)Bodies From Malaysia Airlines Flight Begin Long Trip to Netherlands (WSJ)Israel pounds Gaza as Kerry arrives (Reuters)U.S. judge dismisses...
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Congressional Hearing On Hedge Fund Tax Evasion Through "Fictional...
As reported yesterday, at 9:30 am this morning the permanent subcommittee on investigations will hold a hearing in which it will expose the latest tax-evasion loophole used by select high-frequency...
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NY Fed Slams Deutsche Bank (And Its €55 Trillion In Derivatives): Accuses It...
First it was French BNP that was punished with a $9 billion legal fee after France refused to cancel the Mistral warship shipment to Russia (which promptly led to French National Bank head Christian...
View ArticleOvernight Futures Levitation Mode Engaged But Subdued
For all the talk of how stellar this earnings season has been so far (mostly for the financials if only relative to crushed expectations, and all in non-GAAP terms of course), some of the biggest...
View ArticleFrontrunning: July 23
Here come the gates which we predicted in 2010: SEC Is Set to Approve Money-Fund Rules (WSJ) Dick's cuts 400 jobs as golf now less popular (MW)Kerry arrives in Israel, pushes for peace (Reuters)Pay...
View ArticleFrontrunning: July 24
EU to weigh extensive sanctions on Russia (FT)U.S. lifts flight ban to Israel (Reuters)Russia says will cooperate with MH17 probe led by Netherlands (Reuters)Norway faces ‘concrete and credible’...
View ArticleEurope – Here is What the Wealthy are Doing
By: Chris Tell at: http://capitalistexploits.at/There are essentially three main reasons for using Banks: Storing cash for ease of transacting;Keeping cash safe from theft;Earning interest on your...
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CEO Of Russia's 2nd Largest Gold Producer Is "Horrified" At Market Manipulation
The ongoing transition of gold price manipulation from conspiracy theory to conspiracy fact just escalated as Bloomberg reports, Peter Hambro, chairman of Russia's 2nd largest gold producer...
View ArticleFrontrunning: July 25
Argentine holdout NML says government "choosing" to default (Reuters)Crunch time for Gaza truce talks as death toll passes 800 (Reuters)Don’t Tell Anybody About This Story on HFT Power Jump Trading...
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11.7% Of The World's At War: Global Geopolitical Risk Mapped
You can be forgiven for thinking that the world is a pretty terrible place right now, exclaims JPMorgan's Michael Cembalest. With 11.7% of the world's population currently at war (and a considerably...
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Settlements and Fines from TBTF Institutions Since the Crisis
Let's take a look at the amount of settlements/fines from various banks and financial institutions around the world since the crisis. There are probably a lot of settlements/fines I have missed,...
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