Category Archives: Royal Bank of Scotland
Banks Issue Last Minute Warning About Risks Of Bitcoin Futures, Ask Regulator For Review
As we countdown to the launch of bitcoin futures trading on the CBOE (10 December) and CME (18 December), the big banks – via the Futures Industry Association – have suddenly got cold feet about the risks. We don't blame them, somebody's going to get hurt, the only question is who. The banks are worried […]
Frontrunning: October 24
Corker Tells Trump to Stay Out of the Tax Debate (BBG) Food fight? After spats on Twitter, Trump’s having lunch with Senate Republicans (McClatchy) As ‘New Era’ Dawns, Xi’s Party Stays Out of the Sun (WSJ) China enshrines ‘Xi Jinping Thought’, key Xi ally to step down (Reuters) U.S. Set to Resume Admitting Refugees but […]
Frontrunning: May 15
Oil Jumps Over Output Deal (BBG), Saudi Arabia, Russia Favor Extending Oil Cuts Through Next March (BBG) Trump Doctrine Confounds G-7 as Ministers Kick Can to Sicily (BBG) Senate GOP’s agenda is at a moment of reckoning with unpredictable Trump (WaPo) White House Races to Fill FBI Job (WSJ) Former Trump Employees Say He Taped […]
Foreign Banks Subpoenaed Over Alleged Treasury Market Manipulation
Federal prosecutors have subpoenaed several (foreign) banks as part of a criminal investigation into possible manipulation of the U.S. Treasuries market, according to people familiar with the matter. U.S. authorities have been examining the U.S. Treasuries market for roughly two years. As Bloomberg reports, in November 2015, Goldman Sachs disclosed that U.S. authorities had sought information related […]
Frontrunning: April 13
Trump comments trigger U.S. dollar, bond yield slide (Reuters) N. Korea Nuclear Test Could Come Saturday or Sooner, Sources Say (VoA) Fear Is Creeping Back Into Markets (BBG) Trump Liking Yellen Ignites Prospects for Fed Policy Continuity (BBG) CEOs gaining power in Trump’s White House (Politico) Indexes Beat Stock Pickers Even Over 15 Years (WSJ) […]
How The FBI Laid A Trap For A Financial Scandal’s Mastermind
How did authorities zero in on Tom Hayes, the disheveled, socially awkward mastermind of the Libor scandal? An excerpt from David Enrich's new must read book ‘The Spider Network’ A Trap for a Trader On a mild, damp March afternoon in 2011, Sarah Tighe and her husband Tom Hayes arrived in the prenatal wing of […]
With China Facing Currency, Liquidity Crises, Ex-PBOC Official Urges Use Of “Nuclear Option”
With the PBOC fighting tooth and nail to slow outbound capital flight, which according to Goldman has reached $1.1 trillion since August 2015, and which these days mostly means keeping the Yuan from depreciating to new all time lows below 7 Yuan to the Dollar, the Chinese central bank may have its work cut out […]