Silver as an investment

Category Archives: bank

G30 Banking Seminar 2017 and Gold / ARKADIUSZ SIEROŃ / OCTOBER 18, 2017 On Sunday, there was a meeting of international central bankers. What does it imply for the gold market? After a week of meetings between the World Bank and the IMF, there was the G30 banking seminar. The group of speakers included Janet Yellen from the Fed, the ECB Vice President […]

Neck and Neck: Russian and Chinese Official Gold Reserves / by Ronan Manly / 16 Oct 2017 Official gold reserve updates from the Russian and Chinese central banks are probably one of the more closely watched metrics in the gold world. After the US, Germany, Italy and France, the sovereign gold holdings of China and Russia are the world’s 5th and 6th largest. And with the […]

The Endgame Of Financialization: Stealth Nationalization

Authored by Charles Hugh Smith via OfTwoMinds blog, This is the new model of nationalization: central banks control the valuation of private-sector assets without actually having to own them lock, stock and barrel. As you no doubt know, central banks don't actually print money and toss it out of helicopters; they create a digital liability […]

Fire Breaks Out On The Roof Of The New York Fed / by Tyler Durden / Oct 7, 2017  Dozens of firefighters are fighting a blaze which broke out on the top of the Federal Reserve Bank of New York, NBC New York reports. The fire broke out sometime before 8:40 p.m. on the roof of the 14-story building at 33 Liberty St. in Lower Manhattan, the location of […]

Why Is Amazon Meeting With Banking Regulators?

While the financial media has been preoccupied with the idea that the banking business is at risk of being “Amazon’d” by the blockchain, the banks themselves are worried about being “Amazon’d” by…well…Amazon… Or at least they should be, as American Banker’s Lalita Clozel explains in a piece tracing large tech companies’ attempts to forge ties […]

Georgetown Bank Teller Steals $185,000 From Homeless Customer With Garbage Bag Full Of Cash / by Tyler Durden / Sep 30, 2017  Where did all this money come from? That’s probably the first question that Phelon Davis of District Heights, Maryland, asked himself when a homeless man shuffled into the Wells Fargo branch in Georgetown where Davis worked as a teller three years ago and tried to deposit a garbage […]

Time To Lay Low / By Turd Ferguson / Thursday, September 21, 2017 Even though we’ve tried to warn and prepare, none of that makes the inevitable Spec wash-and-rinse any easier to watch. At the end of the day, it just is what it is. The year 2017 has unfolded almost precisely as we initially forecast back in January […]

Astronomers detect 15 signals from mysterious object in distant galaxy / By Nicole Mortillaro / Aug 31, 2017  While looking for signs of intelligent life in the universe, astronomers have detected 15 fast radio bursts from a distant galaxy. These poorly understood phenomena are short pulses of radio emission, just milliseconds long, believed to be coming from rapidly spinning neutron stars or black holes in distant galaxies. A less popular […]

Six Banks Join UBS’s “Utility Coin” Blockchain Project

Here’s a piece of news that the remaining human members of Wall Street’s FX sales and trading desks probably don’t want to hear. According to the Financial Times, six of the world’s largest banks have decided to join a blockchain project called “utility coin” that will allow banks to settle trades in securities denominated in […]

Going Down! Bank Lending Growth Falls Apart (Real Estate, C&I, Credit Cards, Auto Loans) / by Anthony B Sanders / August 31, 2017 Commercial bank lending for commericial and industrial (C&I) loans, real estate loans, credit cards and automobile loans are, as New Jersey native Bruce Springsteen sang, going down. On a year-over-year (YoY) basis, major commercial bank lending activities are deteriorating with C&I loans contracting the most. To be […]