MishTalk
DECEMBER 17, 2013
On December 12 the Financial Times reported EU reaches landmark deal on failed banks with a "common rule book for handling failed banks". The next day, a friend commented the banking union agreement proved me wrong. I replied "wait for the details". Some senior officials are warning the proposals are too cumbersome.
MishTalk
NOVEMBER 20, 2013
Banks; Global Financial System is Bankrupt. Addendum: Société Générale disputes the numbers and new calculations using the banks'' numbers are 28:1 or perhaps 23:1 not 50:1 as noted on Forex Crunch. Banks do not plunge out of the blue on rumors. French Banking Primer. trillion balance sheet is leveraged nearly 49-to-1.
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MishTalk
JANUARY 25, 2015
The Wall Street Journal reports Greece’s Radical Leftist Syriza Party Poised to Win Election, Exit Polls Say. Here''s an interesting quote from the Journal. Voting by Feet (Bank Accounts) ZeroHedge reports Greek Deposit Outflows Soar In Run-Up To Syriza Victory. Syriza appeared set to win between 35.5%
MishTalk
JANUARY 10, 2015
Spanish bank Banco Santander was halted on Thursday, followed by an announcement it would raise capital. When the bank reopened its shares plummeted as much as 14%, with the Spanish stock market down about 4%. Draghize : "Banks do need to fail to prove the credibility of the exercise". Mish : If any big banks are in trouble.
MishTalk
DECEMBER 24, 2013
All I did was quote a French blogger on bank leverage, and the numbers I quoted were matched by the Wall Street Journal. Wolf Richter at the Testosterone Pit commented on Gagging Doubt: French Crackdown On French And American Bloggers Who Question Megabank Balance Sheets The France''s Financial Markets Authority (AMF) announced on Nov.
MishTalk
JANUARY 21, 2016
Draghi’s comments Thursday, with eurozone equity markets moving higher in anticipation of further stimulus from the central bank. The Wall Street Journal offers 5 Takeaways from Mario Draghi’s News Conference. Instead, central banks sponsored yet another asset bubble. The euro fell against the U.S.
Harvard Business
JUNE 14, 2016
Strewn about the table were probably the tools of your trade: reams of data, balance sheets and P&Ls. Record your positive currency transactions (jotting them down in a leather bound journal or a digital equivalent). You and the rest of your team likely poured over reports and spreadsheets, facts and figures.
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