Category Archives: Banking

Euro Banks: Dead Men Walking

These charts are hard to take.   Have you ever seen such dead money investments? Here’s to hoping that if Jamie Dimon becomes Secretary of Treasury in a Biden Administration — a huge stretch given the rising power of the Democratic … Continue reading

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COTD: Bank Lending Divergence

COTD = Chart of the Day Big divergence in bank lending to consumers and businesses.  Consumer lending y/y growth fairly steady but hard to tell what is causing the steep fall-off in the growth of lending to the corporate sector.  … Continue reading

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The Last Central Banker With Balls

[Balls as in courage and bravery.  Exemplified in the quote,  “Margaret Thatcher was Ronald Reagan with balls.”  Don’t get all PC on us now!] As a graduate student, I interviewed at the Federal Reserve Board in the Eccles Building on … Continue reading

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Inflation With A Draghi Tatoo?

Draghi: QE is part of our toolbox and can be considered to be useable by the Governing Council in contingencies. We’ve always considered this and it has now been sanctioned by the ECJ — European Central Bank (@ecb) December 13, … Continue reading

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Deutsche Bank – Nein Schadenfreude

Source:   Urban Dictionary  Doing the rounds: Is Deutsche the new Lehman? Social media postings about Deutsche Bank more than quadrupled, and Twitter sentiment is negative. pic.twitter.com/Hq4mgnbQzv — Holger Zschaepitz (@Schuldensuehner) December 10, 2018 Hat tip to Holger for pointing this … Continue reading

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The Week Ahead: Trump’s Euro Trip & US bank results – FT

The FT’s Vanessa Kortekaas highlights the key stories to watch in the week ahead, including US President Donald Trump’s long-awaited visit to the UK, a Nato summit and US banking results.

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TOTD: Derivatives Per Capita

Deutsche Bank has lost 80% of its value in five years. Fortunately, it is a regional bank–focusing on the orb we call Earth–and only have $50 trillion in derivatives–$50,000 for every man, woman, and child on that orb. No problem: … Continue reading

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Swan Watch: Deutsche Bank Tanks

The markets are about €0.53 away from having a Jackie Moon moment when Deutsche Bank’s stock becomes a single digit midget (non-p.c., my bad).  As per September 2016, when it traded single digits for a few nanoseconds,  we are not … Continue reading

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Macro Swan Watch: Deutsche Bank, Again

Deutsche Bank (DB) stock is approaching single digits again.   Watch this space.  In 2016,  DB traded with a single digit handle for a few seconds before, we suspect, the monetary authorities stepped in. When a “too big to fail” (TBTF) … Continue reading

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Europe’s Bad Debts Still Haunt The Euro Banks

Looks like the new “Iron Curtain” in Europe is the non-performing loans (NPLs)  in each country’s banking system.    Greece and Italy stand out. For European banks, it’s a headache that just won’t go away: the 944 billion euros ($1.17 … Continue reading

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