Silver as an investment

Category Archives: bank

This new bubble is even bigger than the subprime fiasco

sovereignman.com / Simon Black / March 21, 2017 In 1988, a bank called Guardian Savings and Loan made financial history by issuing the first ever “subprime” mortgage bond. The idea was revolutionary. The bank essentially took all the mortgages they had loaned to borrowers with bad credit, and pooled everything together into a giant bond that […]

Deutsche Bank Plunges Into Red For 2017 After Dilution, Revenue Warning

After raising capital at a 35% discount over the weekend, Deutsche Bank shares are tumbling once again – back into the red for 2017 – after CEO John Cryan warned that revenue would be "broadly flat" in 2017. As Bloomberg reports, Germany’s biggest bank has seen revenue falling or little changed from last year across […]

Yellen surprises hedge funds that cut gold wagers before rally

gata.org / By Luzi-Ann Javier / Sunday, March 19, 2017 Janet Yellen’s soothing words on the pace of U.S. interest rate hikes were a day late for hedge funds losing faith in the metal. Money managers cut their bullish bets on bullion by the most since 2015 in the week ended March 14. The next day, Federal […]

Chinese Home Prices “Unexpectedly” Rebound; Government Loses Interest In “Curbs”

zerohedge.com / by Tyler Durden / Mar 19, 2017 On Friday, we summarized research reports from Deutsche Bank and Bank of America, which came to the same conclusion: the fate of the global economic rebound may be in the hands of the Chinese housing bubble, which through price appreciation has unleashed wealth effect equivalent to twice the […]

‘Anonymous’ Joins Hacker Crusade To Steal Millions From Global Central Banks

Roughly a year ago we wrote about perhaps the most notable bank heist in history in which a group of hackers used Swift, the interbank messaging system, to steal $81 million from the Central Bank of Bangladesh.  Here’s our recap:  For those who missed the story, you can review it in all its James Bond-ish […]

The only way to stop Indians from buying gold? Take away their cash

gata.org / By Swansy Afonso / Tuesday, March 14, 2017 It seems the only way to stop Indians from buying more gold is to take their money away. Prime Minister Narendra Modi’s government spent 16 months trying to persuade Indians to deposit their jewelry in the bank to earn interest, in an effort to curb soaring imports […]

BOE Deputy Governor Resigns After Failing To Disclose Her Brother Works For Barclays

zerohedge.com / by Tyler Durden / Mar 14, 2017 The Bank of England’s new deputy governor of markets and banking, Charlotte Hogg, has resigned after less than five week in her post, after an MP report concluded she “fell short of the very high standards required” for the position as a result of failing to disclose that […]

“Who Hit The Brakes?” – Bank Loan Creation Suddenly Tumbles To Five Year Low

zerohedge.com / by Tyler Durden / Mar 12, 2017 While the overall economy appears to be humming along, at least according to the Fed which on Wednesday is expected (with 100% certainty according to the market) to hike rates by 25bps for the second time in three months on concerns it has fallen behind the inflationary curve, […]

“Who Hit The Brakes?” – Bank Loan Creation Suddenly Tumbles To Five Year Low

While the overall economy appears to be humming along, at least according to the Fed which on Wednesday is expected (with 100% certainty according to the market) to hike rates by 25bps for the second time in three months on concerns it has fallen behind the inflationary curve, with last week’s payrolls report providing some […]

Are Australia’s banks going bust in a loud boom? All of the signs point that way!

As 2016 drew to a close, even as US bank stocks posted some of the biggest gains since Mr. Trump got elected, it seemed their counterparts down-under aren’t doing that well! All signs point to a huge weakening in Aussie bank stocks in 2017. But the bigger question is: Will we hear a loud boom […]