Silver as an investment

Category Archives: State Street

Global Stocks Tumble, Asia Plunges On Chinese Commodity Carnage

The euphoria of the past month has ended with a thud and BTFDers are strangely missing as the commodity chill out of China (which overnight became full blown carnage), has unleashed a global risk-off phase ahead of today’s critical CPI data, resulting in broad and sharp selling across global markets, as European stocks followed declines […]

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 […]

Warren Buffett Becomes Bank Of America’s Top Shareholder, Books $12 Billion Profit

As we previewed exactly 24 hours ago, Buffett’s Berkshire Hathaway said it will exercise warrants to swap its preferred Bank of America shares for 700 million shares of BAC common stock, making Buffett the largest shareholder, surpassing BlackRock, Vanguard and State Street . Buffett is also the top shareholder at Wells Fargo. Buffett exercised his […]

Global Stocks, US Futures Rebound Ahead Of Critical Obamacare Repeal Vote, Yellen Speech

European and Asian stocks were modestly in the green, with U.S. futures higher, before a critical procedural vote on a Republican health-care bill to repeal Obamacare, while Janet Yellen is set to speak in Washington at 8:45am. S&P 500 Index futures were 3 points in the green as of 6:45am ET as European shares edged […]

Goldman Launches ETF Replicating Top Hedge Fund Positions, There Is Just One Problem

Back in February we reported that despite its abysmal forecasting track record, Goldman was preparing to launch an ETF based on its proprietary tracker of the 50 most popular hedge fund positions, the Goldman Sachs Hedge Fund VIP (known internally as the GSTHHVIP). The proposed ETF was notable because It would mark the first time […]

State Street: “Move Over Zero Hedge, There Is A New Bear In Town”

By Mr. Risk – State Street Global Markets Unleash Volatility Beast Thanks for nothing, central banks! If central banks provided the prototypical inflection point, risk assets should get destroyed next week. Feast your eyes on a compendium of volatility charts. The beast wants out. Keys to watch: DXY, EURAUD, and 10-year yields. Move over ZEROHEDGE. […]

Fed Fails Deutsche Bank And Santander In Stress Test, As 31 Other Banks Unleash Dividend, Buyback Frenzy

One week ago, the Fed released the first part of its annual solvency stress test, which found that all 33 bank participants had passed, and would not need additional capital even in a severely adverse scenario which looked as follows: The severely adverse scenario is characterized by a severe global recession accompanied by a period […]

Stress Test 2016: Fed Says All 33 Banks Can Surive 70 VIX Without Needing Outside Capital

While hardly coming as a surprise to anyone, moments ago the Fed announced that all 33 banks have enough capital to withstand a severe economic shock, though Morgan Stanley trailed the rest of Wall Street in a key measure of leverage, Bloomberg reports. The biggest bank cleared the most severe scenario handily, with the exception […]

This Won’t End Well – US Asset Managers Target Australia’s $1.5 Trillion Pension Funds

Hedge funds attracted a net $44 billion in assets globally last year, the smallest amount since 2012. As these increasingly desperate funds try to change that in 2016, one enormous target has been identified in Australia. Australia has approximately USD$1.5 trillion in retirement savings, one of the largest and fastest growing pools of pension money […]

HSBC’s London Gold Vault: Is This Gold’s Secret Hiding Place?

Submitted by Ronan Manly of Bullionstar HSBC’s London Gold Vault: Is This Gold’s Secret Hiding Place? HSBC’s main gold vault in London regularly comes under the media spotlight for a number of reasons. These reasons include: a) the HSBC London vault stores a very large amount of gold on behalf of gold-backed Exchange Traded Funds, […]