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Danske Bank – Who helped them Launder?
Danske Bank – Who helped them Launder? A couple of days ago the always good Francis Coppola wrote a piece for Forbes entitled, The Banks That Helped Danske Bank Estonia Launder Russian Money In it she made the simple but essential point that while Danske Bank, through its Estonian branch, had laundered $234 billion, …Danske Bank […]
Hayes: “A Lot Of What I Know Even The DOJ Is In The Dark”
Hayes: “A Lot Of What I Know Even The DOJ Is In The Dark” An exclusive excerpt from the hot new financial and legal thriller “The Spider Network” by David Enrich The small ski resort town, nestled in the mountains outside the city of Karuizawa, was a popular destination for day trips for Japanese families. Bustling during the […]
Charting The Epic Collapse Of The World’s Most Systemically Dangerous Bank
Charting The Epic Collapse Of The World’s Most Systemically Dangerous Bank It’s been almost 10 years in the making, but the fate of one of Europe’s most important financial institutions appears to be sealed. After a hard-hitting sequence of scandals, poor decisions, and unfortunate events,Visual Capitalist’s Jeff Desjardins notes that Frankfurt-based Deutsche Bank shares are now down -48% on […]
A New Digital Cash System Was Just Unveiled At A Secret Meeting For Bankers In New York
A New Digital Cash System Was Just Unveiled At A Secret Meeting For Bankers In New York Last month, a “secret meeting” that involved more than 100 executives from some of the biggest financial institutions in the United States was held in New York City. During this “secret meeting“, a company known as “Chain” unveiled […]
Was There A Run On The Bank? JPM Caps Some ATM Withdrawals
Was There A Run On The Bank? JPM Caps Some ATM Withdrawals Under the auspices of “protecting clients from criminal activity,” JPMorgan Chase has decided to impose capital controls on . As WSJ reports, following the bank’s ATM modification to enable $100-bills to be dispensed with no limit, some customers started pulling out tens of thousands of dollars at […]
Citi: “We Have A Problem”
Citi: “We Have A Problem” In his latest must read presentation, Citigroup’s Matt King continues to expose and mock the increasing helplessness and cluelessness of central bankers, something this website has done since 2009 knowing full well how it all ends (incidentally not in a deflationary whimper, quite the opposite). Take Matt King’s September 2015 piece in which he […]
Here Come the Money Helicopters!
Here Come the Money Helicopters! The Negative Wealth Effect Since the start of the year, the Dow is down about 7%. But certain stock market sectors have undergone a much harder pruning. First, energy… then the tech… and now banks. Shares in too-big-to-fail bank Citigroup are down almost 28% so far this year. And shares in Europe’s […]
So It Begins: Bloomberg Op-Ed Calls For An End Of Cash
So It Begins: Bloomberg Op-Ed Calls For An End Of Cash In a moment of curious serendipity, a little over 90 minutes after we showed what a dystopian, centrally-planned, cashless society unleashed in a negative interest rate world would look like (“by forcing people and companies to convert their paper money into bank deposits, the hope is […]
Citi On Why Negative Rates Are Like Potato Chips: “No One Can Have Just One”
Citi On Why Negative Rates Are Like Potato Chips: “No One Can Have Just One” Now that Japan has let the negative rates genie out of the bottle, or as DB put it, ‘opened the Pandora’s Box‘ and in the process unleashed the latest global “silent bank run” and capital flight, prepare to hear a […]
Dallas Fed “Responds” To Zero Hedge FOIA Request
Dallas Fed “Responds” To Zero Hedge FOIA Request Two weeks ago, Zero Hedge reported an exclusive story corroborated by at least two independent sources, in which we informed our readers that members of the Dallas Federal Reserve had met with bank lenders with distressed loan exposure to the US oil and gas sector and, after parsing through […]
A Glimpse Of Things To Come: Bankrupt Shale Producers “Can’t Give Their Assets Away”
A Glimpse Of Things To Come: Bankrupt Shale Producers “Can’t Give Their Assets Away” Over the course of the last several weeks, we’ve spent quite a bit of time sounding the alarm bells on America’s growing list of bankrupt oil and gas drillers. We’ve also been keen to point out that the long list of […]
The Credit Crunch Is Back: Banks Scramble To Collateralize Loans To Record Levels
The Credit Crunch Is Back: Banks Scramble To Collateralize Loans To Record Levels One of the biggest quandaries of this cycle for the US economy has been the amount and growth of commercial bank loans. Virtually non-existent for the first three years of the centrally-planned new normal, something changed in 2012 at which point US […]
JP Morgan And Citigroup Agree That The U.S. Economy Is Steamrolling Toward A Recession
JP Morgan And Citigroup Agree That The U.S. Economy Is Steamrolling Toward A Recession As we approach the end of 2015, researchers at both JP Morgan and Citigroup agree that the probability that the U.S. economy will soon plunge into recession is rising. Just last week, a member of the U.S. House of Representatives asked […]
JP Morgan And Citigroup Agree That The U.S. Economy Is Steamrolling Toward A Recession
JP Morgan And Citigroup Agree That The U.S. Economy Is Steamrolling Toward A Recession As we approach the end of 2015, researchers at both JP Morgan and Citigroup agree that the probability that the U.S. economy will soon plunge into recession is rising. Just last week, a member of the U.S. House of Representatives asked […]
The Endgame Takes Shape: “Banning Capitalism And Bypassing Capital Markets”
The Endgame Takes Shape: “Banning Capitalism And Bypassing Capital Markets” One month ago we presented to readers that in the first official “serious” mention of “Helicopter Money” as the next (and final) form of monetary stimulus, Australia’s Macquarie Bank said that there is now about 12-18 months before this “unorthodox” policy is implemented. We also predicted that […]
