Independent thinking for complex markets and current events
by theSilverVigilante Rising #bond #yields is hurting #US #banks and it starts to show up in the #cds – see below. With US Treasuries at 5%, Bank of America is close to 45x levered, at 6-7% infinitely levered. Maybe the #Fed should have stress-tested the banks not only on credit quality but also duration… Source: …
via foxbusiness JPMorgan Chase CEO Jamie Dimon sounded the alarm over the state of the economy on Monday, warning that the “booming environment” cannot last forever. Speaking at the Barclays Global Financial Services Conference in New York, Dimon warned of significant headwinds to the economy, including geopolitical tensions, government spending and monetary policy tightening by …
JPMORGAN: “.. there is now a higher likelihood of a crisis over the next 6 to 12 months, the severity of which could be higher than [markets] anticipate. Risks of an interest rate shock .. are clear: consumer credit .. funding of startups .. impact on employment ..” [Kolanovic] pic.twitter.com/PvXkzsZA2Z — Carl Quintanilla (@carlquintanilla) September …
LOL BlackRock and JPMorgan Chase are helping the Ukrainian government launch a recovery bank to raise hundreds of billions of dollars to rebuild Ukraine. pic.twitter.com/HAytapsAah — Win Smart, CFA (@WinfieldSmart) September 5, 2023 The Ukrainian government is partnering with BlackRock $BLK and JPMorgan $JPM (two of the world’s largest asset managers) to launch a new …
“A Fitch Ratings analyst warned that the U.S. banking industry has inched closer to another source of turbulence — the risk of sweeping rating downgrades on dozens of U.S. banks that could even include the likes of JPMorgan Chase . The ratings agency cut its assessment of the industry’s health in June, a move that …
by Dismal-Jellyfish Bank of America (PDF) Bank of New York Mellon Corp (PDF) Citigroup (PDF) Credit Suisse (PDF)***** Goldman Sachs (PDF) JPMorgan Chase (PDF) Morgan Stanley (PDF) State Street Corp (PDF) Wells Fargo & Co (PDF) ***** Credit Suisse submitted this plan pursuant to a deficiency identified in the firm’s December 17, 2021, resolution plan …
via thedailydoom: San Francisco skyline | Photo by Patrick Perkins on Unsplash In the past, I’ve called this event the “Epocalypse” because it will be epic in scale and will eventually be seen as a new epoch in humanity’s economic history that will be apocalyptic in its level of economic destruction. That became the only thing Forbes ever quoted me on when I warned it was …
JPMorgan Chase is saying tough luck to a customer after the bank handed tens of thousands of dollars over to an imposter with a fake ID. Justin Lee says he lost $30,000 after a man with false identification and an incorrect social security number walked into a Chase branch and convinced the bank to hand …
by Martin Armstrong Zelensky has sold out Ukraine to JPMorgan and BlackRock. While everyone was distracted with trivial news stories, BlackRock and JPMorgan partnered with the Ukrainian government to “establish a reconstruction bank that will serve as a conduit for public seed capital to fund rebuilding projects.” They are aiming to steer “public steer capital,” government grants …
by EuphoricTrilby There’s a very good chance that the cost of the fine is way less than the fallout of these emails actually getting out. Oh well, it was just an accident. https://twitter.com/wallstreetsilv/status/1671927820484747264?s=46&t=T37mFTn9E_HUaxN1rB76Hw https://www.sec.gov/litigation/admin/2023/34-97787.pdf These proceedings arise out of the deletion by JPMorgan of approximately 47 million electronic communications in about 8,700 electronic mailboxes …
JPMorgan Chase & Co. projects real-money portfolios, including those of sovereign wealth and pension funds, will tilt back in favor of bonds to meet allocation targets, in the largest rebalancing flows to the asset class since the fourth quarter of 2021. Japan’s $1.5 trillion Government Pension Investment Fund or GPIF, the world’s largest pension fund, …
via wallstreetonparade: As we reported yesterday, Silicon Valley Bank was not even on the “Problem Bank List” maintained by the Federal Deposit Insurance Corporation (FDIC) when it imploded in a span of 48 hours in March. According to testimony by the Federal Reserve’s Vice Chairman for Supervision, Michael Barr, on March 28 before the Senate …