Discover and read the best of Twitter Threads about #deposits

Most recents (11)

Since the recent event with arguably the largest echo was the #FOMC decision, it's called - what else- "The Pause That Refreshes"
#FederalReserve Image
The first thing to notice is that goods prices have broadly stabilised and volumes are fairly flat - in other words, #NGDP has ceased its torrid pace of increase. Service prices are still elevated but #payroll cost increase is slowing.
2/n Image
The #ISM #PMI showed an uptick but is still below 50 which implies that revenue growth is NOT about to accelerate again. Again, slower #inflation & flatline volume = an end to the boom, but not yet a bust.
3/n Image
Read 15 tweets
In today’s #MoneyShow #MarketMinute:

#Equities are adding to Friday’s gains in the early going today, while Treasuries, #gold, and silver are selling off. The dollar is flattish while #oil is slightly higher.

On the news front...
The banking sector is catching a reprieve here, and that’s leading to “Risk On” trading across all asset classes. First Citizens Bancshares / $FCNCB is buying $119 billion of #deposits and $72 billion of #loans from failed Silicon Valley Bank.
Meanwhile, the Chairman of Saudi National Bank Ammar Al Khudairy resigned for “personal reasons.” He helped trigger the plunge in shares of Credit Suisse Group AG $CS several days ago.
Read 5 tweets
#Biden backs strength of #banking system after collapse of #SVB, #SignatureBank | Mar 13
- When fed auths bailed out depositors in insolvent lenders SVB (NASDAQ:SIVB) and #SignatureBank on Monday,
Joe sought to reassure the public Image
#Ukraine-#BanderasBox opened.
#RAND Co | Jan 25
- There is an urgent need for #resources to flow into the national econ, especially the #banking system. Only European countries bound by #EU and #NATO commitments will be able to provide them
#SVB #SignatureBank #BanderasBox.
#Rand Co | Jan 25
- The key objective is to #divide #EU by placing #UsefulIdiots in political positions in order to stop #Russian #energy supplies from reaching the continent
- The entire #EU #economy will #collapse
Read 38 tweets
So why do I think #Scrypto will ultimately take over the #rustlang #smartcontract race? Here are my thoughts 🧵
1. Non Fungible and Fungible resources are known first hand by the engine and #scrypto. This is HUGE. You dont need to design behaviors of mint, burn, transfer. They are NOT contracts. These are RESOURCES. This is TRUE native asset first #smartcontract
2. Authorization is built in as a concept and comes in 2 forms. These are simply Fungible/Non Fungible resources. These resources can be used as a form of authorization. In #scrypto, we call them a Proof. Why do we need them? Direct mapping of address => some data is UNSAFE
Read 8 tweets
Thread 🧵

All about FCNR Accounts
▪️ Concept
▪️ Who can Open and Operate
▪️ Difference with NRE/NRO
▪️ Credits
▪️ Payments
▪️ Repatriation
▪️ Taxability
▪️ Residential Status Changed
▪️ Loans

#FCNR #NRI #Deposits
Retweet🔁 for maximum reach.

FCNR stands for "Foreign Currency Non Resident Account."

It allows NRIs to invest foreign currency in term deposits in India that too in their preferred currency.
👉 Who can Open and Operate FCNR Account?

It can be opened and operated by NRI, PIO or OCI card holder.
Read 13 tweets
Did the #Irish Central Bank provide sovereign guarantees to buyers of Irish Bank Bonds and other contractual debt liabilities classified as fixed income securities, before the #GFC struck?
I asked this question after watching Professor Kelly on YouTube.
He was describing how the #Irish Central Bank allowed banks to import capital in large sums, and later lend it out to housing finance borrowers.
That created a severe #ALM Mismatch, as homes are not liquid assets.
Only after the #GFC, did the Irish and other banks realize that a run on the #deposits could lead to financial #insolvency.
#Ruin #Risk by definition is the gap between Unexpected #Loss and Expected Loss.
As the gap increases, the chances of financial ruin and #default rises too!
Read 7 tweets
Sensex at 44000+,Nifty at 13000+ & #BankNifty at 9 month high of 30000+💪

Amongst top gainers in rally are SBI,ICICI Bank&Axis Bank;549% rise in Profit in #ICICIBank,reinforces, rally is not just liquidity driven,but excellent Sep qtr results have played big role

SBI reported PAT of 4574.16Cr in Sep'20 qtr,up 52% YoY&9% QoQ

Note,most analysts were not expecting SBI to clock profit of more than 2100 or 2200Cr

PBT for #SBI came at 6341.45Cr,up 25.33%,YoY&14.3%,QoQ

Operating profit was up 12% at 16460Cr in Q2FY21

#EconomyRising #Banks
#SBI is not any other Bank;It is biggest Bank in India,accounting for one fourth of India's lending activity, so great results by SBI,signify, #EconomyRising

NII at 28182Cr,up 5.7%,QoQ

NIMs up 12bps YoY at 3.34%

GNPA in Sep Qtr fell to 5.28% Vs 5.44% in June qtr,with NPAs down
Read 7 tweets
The net assets of the residential sector in #China actually increased amid #COVID19 as the expenditure has dropped much more than the #income and residents’ #deposits minus loans rose sharply:…

...In Q1, the residential sector’s deposit-loan gap reached a record high, increasing by 5.3 trillion yuan in a single quarter. This provides important support for the rapid recovery of household expenditure... 2/6
...Although the overall balance sheet of the residential sector has been strengthened passively, there are also significant differences within the sector... 3/6
Read 6 tweets
1/6 Liu Xiaochun, Vice-President of Shanghai Finance Institute, pointed out in his recent commentary that we shouldn’t overinterpret #LPR, which is simply the marketization of interest-formation mechanism, and is irrelevant with interest rate cut.… Image
2/6 Liu said, adjustment of central banks on interest rate is a macro-control measure. As for individuals, it is important to manage their assets and liability, and thus controlling operation risks. These may affect accessibility and cost of individuals’ financing.
3/6 Factors that determine the bank’s loan interest rate are not singular. The first is the cost of bank's own #capital, which includes two aspects: one is the deposit interest rate absorbed by banks; the other is the #interbank interest rate.
Read 6 tweets
#US #InvertedYieldCurve & panic
On wed, #DowJones, #nasdaq & #SP500 saw more than 3% fall, highest in year so far
Reason? #10YearTreasuryYield < #2YearTreasuryYield, #spread being 0.04%, lowest since 2007
- Treasury notes are #USGovernment securities issued for 2, 3, 5 & 10 year
Starting with basics first.
1. #InterestRate & #BondPrices have #InverseRelationship, meaning if interest rises bond prices fall & vice versa
Why? eg. if currently #Coupon rate on a bond is 6% & int rate is also 6% & face value of bond is rs. 100. Meaning buyer of bond is willing to pay more or less complete face value of rs. 100
Read 19 tweets
By the end of the first quarter of 2018, #China’s #trust industry had 659 risk projects worthy of 149.132 billion yuan, and the risk rate of trust #assets was 0.58%.
1 year later, the number of risk projects in the industry increased to 1996, mounting to 283.059 billion yuan, and the risk rate of trust assets rose to 1.26%.
The rise of trust risks is mainly because, with #China’s deleveraging drive in 2018, many off-balance sheet funds of #banks were recorded back as #deposits, while the #debt of platforms is restricted, so the cash flows of #businesses are relatively tight.
Read 5 tweets

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