Silver as an investment

Category Archives: Standard Chartered

To Avoid Liquidation Panic, HNA Assures Deutsche Shareholders It’s A “Long-Term Investor”

The notoriously acquisitive Chinese conglomerate HNA – which recently had a sharp falling out with Beijing resulting in a margin call "shocksave" – is facing a serious cash crunch in 2018 as nearly a quarter of its $100 billion in debt – a large chunk of which was accumulated during a multi-year buying spree that […]

China Issues First Dollar Bond Since 2004, Bails Out Corporate Liquidity

Despite downgrades from the rating agencies, China is issuing its first sovereign dollar bond issues in 13 years on an unrated basis (what do the agencies know anyway) and at tight spreads to US Treasuries. The 5 and 10-year issues come just over a month since S&P cut the nation’s rating one level to A+ […]

Frontrunning: July 31

HSBC, miners lift European shares as dollar holds near lows (Reuters) Republicans Face Tough Choice: Repeal Obamacare or Cut Taxes (BBG) Trump’s Decisions Deepen Divide Among Republicans (WSJ) Koch Brothers Move to Back White House’s Tax-Cut Plan (BBG) Maduro Waits for U.S. Response After Violent Venezuela Vote (BBG) OPEC Has a Crippling Problem: Its Members […]

Lagarde Hints At IMF Being Based In China In Future

In a comment sure to stir up questions over dollar hegemony (and new world order conspiracy thoughts), IMF Managing Director Christine Lagarde admitted during an event today in Washington that The International Monetary Fund could be based in Beijing in a decade. As Reuters reports, Lagarde said that such a move was "a possibility" because […]

Retired Green Beret Warns: “There Could Be A Nuclear Strike Against The US Coming Soon”

Authored by Jeremiah Johnson (nom de plume of a retired Green Beret of the United States Army Special Forces) via SHTFplan.com, For approximately the past five years, the Mainstream Media (MSM) and the Obama-administration supported research “think-tanks” for monitoring the North Korean situation have had a field day.  They consistently (along with the brain-dead public’s […]

Reuters Goes To China, Discovers “Ghost Collateral”

Back in 2014, a scandal erupted when media reports confirmed what many had previously speculated about China’s banking system: namely that much of China’s staggering loan issuance had been built (literally) upon air and that billions (or trillions) in loan collateral had been “rehypothecated” between two, three or many more debtors – or never even […]

“Incredibly Aggressive” China Crushes Yuan Bears: CNH Surges Most On Record As Deposit Rate Hits 80%

Last night we were amazed to report that with China starting its trading day, the overnight offshore yuan (CNH) deposit rate had exploded 31.5% points higher to 45%, in a move which while freezing interbank liquidity and unleashing havoc to short-term bank funding needs, had the more direct intention of crushing Yuan shorts, by making […]

Bullion Banking: Part I – The Mechanics and the Players

Submitted by Ronan Manly, BullionStar.com   Introduction When discussing bullion banking mechanics, it’s important to understand what a bullion bank actually is, and what activities bullion banks engage in. This appreciation also helps highlight the major concerns which modern bullion banking poses. The term bullion bank can be applied to banks which are involved in some […]

RBS Tumbles After Failing BoE’s “Toughest Ever Stress Test”

While the term ‘stress test’ has been applied almost mockingly to European and US banks in an effort to create confidence for investors (because if the government sees risks ‘contained’ then why worry), this morning’s Bank of England stress test results highlighted “capital inadequacies” for three major UK banks. While Barclays and Standard Chartered fell […]

“There’s Chaos Everywhere” – Indians Angry As ATMs Run Dry After Cash Ban

The blowback from the world's latest strike in the war on cash is unraveling fast in India. This week's decision by PM Modi to ban some high-denomination banknotes (on the premise of fighting corruption) has left "chaos everywhere" according to one official who accused the prmeier of wreaking havoc on the poorest Indians. As Reuters […]