Tag Archive: Credit Suisse
Credit Suisse’s turnaround is working, but vulnerable
Brought to you by Investec Switzerland. Just a month ago, Credit Suisse CEO Tidjane Thiam and Deutsche Bank CEO John Cryan risked, as one hedge fund manager put it, becoming the dead men walking of European banking as they struggled to shore up their...
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Return of the Repressed: Europe’s Unresolved Banking Crisis
The IMF identified three banks that posted the most significant systemic risks. It has been overshadowed by new pressure on Italy's banks, and Three UK commercial real estate funds have been frozen to prevent redemptions.
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Panama Tax Haven Scandal: The Bigger Picture
The “Panama Papers” tax haven leak is big … After all, the Prime Minister of Iceland resigned over the leak, and investigations are taking place worldwide over the leak. But the Panama Papers reporting mainly focuses on friends of Russia’s Putin, Ass...
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British Discontent About The EU: Only A Precursor To Unrest On The Continent
Britain leaves the EU and if the reaction to Brexit causes years of uncertainty, the EU will reap what it has sowed. British discontent is only a precursor to unrest on the Continent, where populists from across the political spectrum feel they have lost control over their fate, and are gaining popularity
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Why An Ex-Credit Suisse Banker In Brazil Made More Money Than The CEO
Ever had to testify in a trial involving your father's dealings in corrupt activities, and as a result had your tax records leaked for all of the public to see? Sergio Machado, the ex-head of Credit Suisse's Brazil fixed-income business has, and now ...
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Negative Rates: Jim Bianco Warns “The Risk Of An ‘Accident’ Is Very High”
In an interesting interview with Finanz und Wirtschaft, Bianco Research president Jim Bianco discusses a variety of topics such as negative interest rates turning the entire credit process upside down, bank balance sheets being even more complex and ...
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ZIRP, NIRP, QE, Bank Collapse and Helicopters Coming Too Late – The Lehman Effect Hits Europe – Hard!
It's official, I'm calling a banking crisis in Europe. Things didn't go well the last time I did this. Of course, many will say, "But the rating agencies have learned their collective lessons. They would most assuredely warn us if the European banks...
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Another Fed “Policy Error”? Dollar And Yields Tumble, Stocks Slide, Gold Jumps
Yesterday when summarizing the Fed's action we said that in its latest dovish announcement which has sent the USD to a five month low, the Fed clearly sided with China which desperately wants a weaker dollar to which it is pegged (reflected promptly ...
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Credit Suisse and UBS Will Charge Negative Interests Above a Threshold
Credit Suisse and UBS will charge negative interests for cash clearing clients above a threshold. Last year such was worth 150 bps, this year on 28 bps. See the official news at FT Alphaville
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Gold, CHF, Brent Arbitrage Trading after Negative CS, UBS Interest Rates
Credit Suisse and UBS will charge negative interests for cash clearing clients above a threshold. Last year such news was worth 250 bps, on December 3 only 28 bips. One remembers August 26, 2011, when UBS only spoke of negative interests and consequently EUR/CHF rose from 1.1420 to 1.1688. At the time FX traders …
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Net Speculative Positions, FX Outlook, Global Stock Markets, Week September 17
Submitted by Mark Chandler, from marctomarkets.com Nearly every development in recent days has been embraced by the foreign exchange market as a reason to continue to do what it has been doing since late July, and that is to sell the dollar. The German Constitutional Court ruling, allowing the European Stability Mechanism to …
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Net Speculative Positions, FX Outlook, Global Stock Markets, Week September 10
Submitted by Mark Chandler, from marctomarkets.com Key policy makers are preparing new efforts to address the deterioration of financial and economic conditions. This is seen reducing tail risks, which allowed the rally in risk assets to be extended, and undermined the dollar. China is providing new fiscal support. The ECB announced its new Outright Market …
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Net Speculative Positions, Technical Outlook, Global Markets Ahead of Eventful Week September 3rd
Submitted by Mark Chandler, from marctomarkets.com The week ahead kicks off what we expect to be a period of intense event risk. The combination of positioning, judging from the futures market and anecdotal reports, and the low implied volatility in currencies and equity markets warn of heightened risk in the period ahead. The week begins …
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FX Technical Outlook, Net Speculative Positions, Global Markets, week August 27
Submitted by Mark Chandler, from marctomarkets.com There are two main drivers behind the price action in the foreign exchange market and they will likely persist in the days ahead. First, there continues to be position adjustment ahead of the what promises to be eventful few weeks. Second, the release of the minutes from the August 1 …
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