German state finance minister found dead | Apr 29
- Schäfer was a member of Chancellor Angela Merkel's center-right Christian Democrats (CDU)
dw.com/en/german-stat…
- Schäfer was a member of Chancellor Angela Merkel's center-right Christian Democrats (CDU)
dw.com/en/german-stat…
Germany: Thousands of job cuts at Deutsche Bank and Commerzbank
- Following the failure of merger talks between Deutsche Bank and Commerzbank in April, both banks have pursued savage restructuring plans at the expense of their workforces
wsws.org/en/articles/20…
- Following the failure of merger talks between Deutsche Bank and Commerzbank in April, both banks have pursued savage restructuring plans at the expense of their workforces
wsws.org/en/articles/20…
Deutsche Bank Plans About Half of 18,000 Job Cuts in Germany | Oct 8, 2019
bloomberg.com/news/articles/…
bloomberg.com/news/articles/…
The Looming Derivative Crisis
- According to the Bank for International Settlements, in mid-June last year all global OTC contracts outstanding were still unimaginably large at $640 trillion,
seekingalpha.com/article/433874…
- According to the Bank for International Settlements, in mid-June last year all global OTC contracts outstanding were still unimaginably large at $640 trillion,
seekingalpha.com/article/433874…
What a coincidence, the #coronavirus emergency funding saves the collapsing EU banks.
- The ESM is a fund with around € 410 billion.
Klaus Regling, director of EVM, has proposed that € 240 billion be freed up for action against the coronavirus.
- The ESM is a fund with around € 410 billion.
Klaus Regling, director of EVM, has proposed that € 240 billion be freed up for action against the coronavirus.
The true total of OTC derivatives and exchange traded derivatives to which the DB is exposed is €37.121 trillion.
- That is nearly thirty-five thousand times the €1.062bn netted difference in the balance sheet. seekingalpha.com/article/433874…
- That is nearly thirty-five thousand times the €1.062bn netted difference in the balance sheet. seekingalpha.com/article/433874…
To keep markets running smoothly at the end of 2019, the U.S. Federal Reserve pumped half a trillion dollars into an obscure but crucial part of the global financial system that suffered a seizure several months ago.
bloomberg.com/news/articles/…
bloomberg.com/news/articles/…
Repo: How the financial markets' plumbing got blocked
- When short-term borrowing costs spiked in September 2019, it marked the culmination of long-term stresses that the Federal Reserve is now working to tame
ig.ft.com/repo-rate/
- When short-term borrowing costs spiked in September 2019, it marked the culmination of long-term stresses that the Federal Reserve is now working to tame
ig.ft.com/repo-rate/
The Coronavirus Is Exposing WS's Reckless Gamble on Bad Debt
- Between '07 and '19, the value of outstanding “leveraged loans,” syndicated loans extended to companies that credit agencies rate below investment-grade, rose from $554 billion to $1.2 trillion newyorker.com/business/curre…
- Between '07 and '19, the value of outstanding “leveraged loans,” syndicated loans extended to companies that credit agencies rate below investment-grade, rose from $554 billion to $1.2 trillion newyorker.com/business/curre…
Americans households are about to get hit by a devastating wave of bankruptcies | 1 hour ago
- This will likely result in the contraction of the credit industry, with the most in-need borrowers potentially finding it more difficult to access credit. businessinsider.com/american-house…
- This will likely result in the contraction of the credit industry, with the most in-need borrowers potentially finding it more difficult to access credit. businessinsider.com/american-house…
Why did that matter? | January 6, 2020
For one thing, it brought back bad memories of the grim days in 2008 when the repo market froze up amid fears of cascading bankruptcies.
bloomberg.com/news/articles/…
For one thing, it brought back bad memories of the grim days in 2008 when the repo market froze up amid fears of cascading bankruptcies.
bloomberg.com/news/articles/…
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