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Euromoney Jumps On The BoomBustBandwagon: French banks most systemically...
Yesterday I opined extensively on transparency (actually, the lack thereof) in the European banking system - Transparency In The European Banking? Madness, I say! Sheet, Utter Madness!!! I tore into...
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The Plight Of Europe's Banking Sector, Its €650 Billion State Guarantee, And...
A month ago we quantified that just the overt European bank undercapitalization (excluding spillover effects from counterparty liability and derivative exposure) resulting from non-performing loans, is...
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Deutsche Bank "Is Horribly Undercapitalized... It's Ridiculous" Says Former...
Back in May 2012, when we were making fun at the latest iteration of the now fatally discredited European stress tests, we took the first of many jabs at the what may currently be the world's most...
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The Toxic Feedback Loop: Emerging Money Developed Markets
Extreme Developed Market (DM) monetary policy (read The Fed) has floated more than just US equity boats in the last few years. Foreign non-bank investors poured $1.1 trillion into Emerging Market (EM)...
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L'Horreur: Goldman Finds Europe's Two Worst Capitalized Banks In France
Now that even the media world is once again looking closely at the impact of wild bond swings on bank balance sheets, and especially the P&L impact of their Available For Sale portfolios, it makes...
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Deutsche Bank: If The Fed Is Concerned About Popping Its Asset Bubbles, It Is...
Some refreshingly objective commentary from DB's Jim Reid, on why the Fed's latest "Tapering" distraction is naive at best, and will end in lots of tears at worst:It would take a very confident and...
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Full Deposition of Angela Edwards “Robo-Verifier” as Servicer for the...
Full Deposition of Angela Edwards "Robo-Verifier" as Servicer for the Plaintiff for Verification of Foreclosure Complaint Great depo of a "Robo-Verifier" who knows nothing in a foreclosure...
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Merkel Slams Irish Bankers As "Impossible To Stomach"
The 'outing' of the Irish bankers for gaming the central bank and mocking zee Germans has infuriated an election-hungry (and purse-string-holding) Angela Merkel. Appealing to he populist roots, Reuters...
View ArticleA Priest, A Banker And A Spook Walk Into The Vatican's Money-Laundering...
A priest, a banker and a spook… not the start of a joke or a John LeCarre spy novel, but merely the latest addition to a long list of financial scandals involving the Vatican Bank. Yet despite its...
View ArticleEurope In Turmoil: Spreads Explode On Portulitical Crisis; Egypt Ultimatum Nears
And just like that things are going bump in the night once more. First, as previously reported, the $100+ WTI surge continues on fears over how the Egyptian coup will unfold, now that Mursi has a few...
View ArticleFrontrunning: July 3
Portuguese bond yields soar amid political turmoil (FT)Portugal Resignation Rocks European Markets (WSJ)Portugal, Greece risk reawakening euro zone beast (Reuters)Egypt’s military chiefs hold crisis...
View ArticleNonfarm Payrolls Preview
From RanSquawkUS Change in Nonfarm Payrolls (Jun) M/M Exp. 165K, Low 77K, High 220K (Prev. 175K, Mar. 88K) US Unemployment Rate (Jun) M/M Exp. 7.5%, Low 7.4%, High 7.7% (Prey. 7.6%, Mar 7.5%)Bank NFP...
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A Historic Inversion: Gold GOFO Rates Turn Negative For The First Time Since...
Today, something happened that has not happened since the Lehman collapse: the 1 Month Gold Forward Offered (GOFO) rate turned negative, from 0.015% to -0.065%, for the first time in nearly 5 years, or...
View Article10 Reasons Why Sharknado Is Coming To The Global Economy
Submitted by Michael Snyder of The Economic Collapse blog,Have you ever seen a disaster movie that is so bad that it is actually good? Well, that is exactly what Syfy's new television movie entitled...
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Eric Sprott On Central Banks, Bullion Banks and the Physical Gold Market...
Submitted by Eric Sprott and Etienne Bordeleau,The recent decline in gold prices and the drain from physical ETFs have been interpreted by the media as signaling the end of the gold bull market....
View ArticleFrontrunning: July 18
MSM always "ahead" of the curve: Fed’s Messages Raise Volatility in Threat to Profits (BBG)Bernanke Plays Down Link Between Jobless Rate, Fed Moves (WSJ)Draghi to Carney Face Test Backing Guidance on...
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Where Did All The Revenues Go?
In a world in which banks can report both a profit and a loss at the same time, it is not very surprising that constantly beating (lowered) earning consensus is not much of a challenge. However when it...
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Guest Post: Our "As You Wish" Markets Have Reached The Cliffs Of Insanity
Submitted by Adam Taggart via Peak Prosperity,In the classic fantasy rom-com The Princess Bride, the beautiful maid Buttercup orders the farm boy Westley to perform numerous tasks to test his...
View ArticleFrontrunning: July 22
Earthquake Sends Kiwis Screaming From Wellington Buildings (BBG)China quake death toll more than doubles to 54, hundreds hurt (Reuters)In 2011, Michigan Gov. Snyder said bankruptcy wasn't an option for...
View ArticleSEC Revolving Door Leads To $5 Million Payday For Former Chief Enforcer
The name Robert Khuzami is well-known to Zero Hedge readers: the former top SEC enforcer is perhaps best known not for what he did (judging by how many Wall Street bank executives ended up in jail...
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