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When Energy Loans Go Bad: Why America's Largest Bank Is Sliding
Following yesterday's stronger than expected results from JPM, today Wells Fargo - America's largest bank by market cap - is having a far less pleasant day, trading down 3%, on what superficially was...
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War Is Coming And The Global Financial Situation Is A Lot Worse Than You May...
Submitted by Michael Snyder via The Economic Collapse blog,On the surface, things seem pretty quiet in mid-July 2016. The biggest news stories were about the speculation surrounding Donald Trump’s...
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Italy Tasks JPMorgan With Creating A €50 Billion Bank Bailout
Three months ago, when Italy's renewed bank troubles were reemerging again, and the country unveiled its first, and certainly not last, "bad bank" in the shape of the "Atlas" (or Atlante) bailout...
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Deutsche Bank Loves Helicopter Money: Why "Big Inflation Is Coming... But...
Just over a month ago, Deutsche Bank's chief economist David Folkerts-Landau, unleashed an epic rant against the ECB, warning of social unrest and another great depression unless the ECB changes its...
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S&P Cuts Deutsche Bank Outlook To Negative On "Challenging Operating Conditions"
It has been a while since investors focused their attention on the world's "most systematically risky" bank, Deutsche Bank. Moments ago, S&P made sure to remind us that nothing is fixed, when it...
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HSBC Global Head Of FX Cash Trading Arrested At JFK Airport
A historic event took place moments ago when Mark Johnson, the global head of cash FX at HSBC was arrested at JFK airport for his role in a "conspiracy to rig currency benchmarks", and specifically for...
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Beware of Junkyard Dogs: “This Isn’t A Really Normal Environment”
By Danielle DiMartino-Booth Having spent a chunk of his youth “shopping” them, Jim Croce came to know a thing or two about junkyards. In those youthful days, should his clunker de jour be missing some...
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With Italy's Bank Stress Test "A Near-Term Risk", Who Is Most Exposed?
With the S&P500's relentless surge, once which even Goldman is no longer able to contain its amazement at what it has dubbed an unprecedented multiple expansion (the other two times that saw a...
View ArticleFrontrunning: July 25
Democrats in disarray on eve of convention to nominate Clinton (Reuters); After Gloating, Democrats Face Unity Problem of Their Own (BBG)Florida nightclub shooting leaves two dead, up to 16 wounded...
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Italy Races To Arrange €5 Billion Bailout For Monte Paschi Before Friday's...
As we noted over the weekend, Italy's bank stress test the result of which is due out on Friday, is a "near-term stress event", and one which Italy's most troubled bank, Monte dei Paschi di Siena, is...
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Global Central Banks Are All-In: QE Running At Record $180 Billion Per Month...
The monetary policy beatings will continue until morale improves. Eight long years after monetary policy experimentation went extreme, Reuters reportsthe amount of QE stimulus being pumped into the...
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Global Stocks, Futures Continue Rise On Apple, Japan Stimulus; Yellen On Deck
Following a rollercoaster night for the Japanese Yen, when following several media headlines Abe was said to have announced a stimulus package that would be more than JPY28 trillion, which however upon...
View ArticleFrontrunning: July 27
Democrat Clinton makes history with U.S. presidential nomination (Reuters)Democrats Achieve an Uneasy Détente at Convention (WSJ)Obama Economy Left Behind the Backers That Clinton Needs to Win...
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What Wall Street Thinks Of Apple's Earnings Beat
After beating on revenues and earnings despite a steep drop in both revenues and iPhone orders and projecting a third consecutive quarter of declining profits, Apple is up nearly 8% pre-market as...
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Deutsche Bank Profit Plunges 98% And The Worst Is Yet To Come
The latest confirmation that Germany's troubled banking giant Deutsche Bank is unable to navigate the troubled waters of NIRP came on Wednesday when the bank announced that its second-quarter net...
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The Key Thing To Watch For In Today's FOMC Statement
The Fed is expected to stay on hold today. Given the Fed’s dovish reaction to the weak May employment report, SocGen expects that officials are likely to be reluctant to commit to any particular path...
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Deutsche Bank: "There Is An Element Of Torture To The FOMC Cycle In This...
DB's Jim Reid shares his perspective on yesterday's Fed announcement:There is also an element of torture to the FOMC cycle in recent years. The pattern for the Fed is that you slowly talk up the...
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Monte Paschi Bailout In Peril As 3 Banks Walk Out: Are More "Pensioner...
Two days ago we reported that in a last ditch effort to prevent potential contagion within its banking system, one including bank runs and furious ordinary investors and depositors, ahead of Friday's...
View ArticleFrontrunning: July 29
Yen, bond yields rise as Bank of Japan action underwhelms (Reuters); Bank of Japan Takes Modest Easing Action (WSJ)Hong Kong shares end lower as BOJ disappointment sweeps Asia (Reuters)Accepting White...
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European Bank Stress Test Preview: What To Expect And How To Trade It
While the main event in today's European bank stress test was leaked moments ago, when Monte Paschi board member Turicchi said that the bank has finalized a bank consortium for a critical capital hike,...
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