Category Archives: Banking

Euro Banks: Dead Men Walking

Posted on September 23, 2020 by macromon

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 →

Posted in Banking, ECB | Tagged | 1 Comment

COTD: Bank Lending Divergence

Posted on February 18, 2020 by macromon

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

Posted on December 9, 2019 by macromon

[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?

Posted on December 13, 2018 by macromon

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

Posted on December 10, 2018 by macromon

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

Posted on July 9, 2018 by macromon

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

Posted on June 14, 2018 by macromon

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

Posted on May 24, 2018 by macromon

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

Posted on May 21, 2018 by macromon

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 →

Posted in Banking, Uncategorized | Tagged | 6 Comments

Europe’s Bad Debts Still Haunt The Euro Banks

Posted on February 14, 2018 by macromon

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 →

Posted in Banking, Debt, Euro, Uncategorized | Tagged , , | 2 Comments