Search Results for: Deutsche Bank

Europe: the real deal

The media is rife with misrepresentations and analysis of the EU. Here’s the real deal.  1)    The ECB is tapped out. Having provided over €1 trillion in funding via LTRO 1 and LTRO 2, taking on over €700 billion in PIIGS debt putting its own solvency at risk, it simply cannot …

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What is Stop-Loss in Forex Trading?

Trading volatile markets like Forex comes with a lot of risks. Currencies can alter in value in the blink of an eye, leaving traders with open positions exposed to potentially destructive conditions. Leverage is another factor that needs to be considered because while there is the opportunity to make huge …

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RBS: Sell everything, a market crash is coming

RBS sell everything Royal Bank of Scotland

Investors face a “cataclysmic year” where stock markets could fall by up to 20% and oil could slump to $16 a barrel, economists at the Royal Bank of Scotland have warned. In a note to its clients the bank said: “Sell everything except high quality bonds. This is about return of capital, not return …

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Citibank ordered to pay $700m over illegal credit card practices

Citibank

Citigroup Inc’s consumer bank has been ordered to pay $700 million (£450 million) in relief to borrowers for illegal credit card practices, the U.S. Consumer Financial Protection Bureau said. The CFPB, set up under the 2010 Dodd-Frank Act aimed at reforming Wall Street, has been cracking down in recent years on …

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We should write the global economic laws, not China – Obama

Obama Xi Jinping China

The laws of the global economy should be written by the United States and not by the likes of China according to President Obama, as concern over China’s influence is growing. Washington hopes a Pacific free trade pact will curb Beijing’s investment bank. “When 95 percent of our potential customers …

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500 rabbis urge Israel to stop demolition of Palestinian homes

Israel demolishes Palestinian homes

Over 500 rabbis from Israel, Britain, the US and Canada have called on the Israeli prime minister to stop demolishing Palestinian homes. Rabbis for Human Rights (RHR) say Benjamin Netanyahu‘s stance is against “international law and Jewish tradition.” RHR’s open letter came after the Israeli PM announced the destruction of …

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JPMorgan CEO Jamie Dimon gets 74% payrise; to $20 million

Jamie Dimon

It was only a year ago that JPMorgan CEO Jamie Dimon was getting his pay docked by millions of dollars. Now, though, the company is giving their chief executive a raise. Despite the fact that JPMorgan was hit with $20 billion worth of fines during 2013, Dimon will receive $1.5 …

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8 signs that a global economic crisis is coming soon

When the banking crisis crippled global markets seven years ago, central bankers stepped in as lenders of last resort. Profligate private-sector loans were moved on to the public-sector balance sheet and vast money-printing gave the global economy room to heal. Time is now rapidly running out. From China to Brazil, …

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Barclays fined £26 million for manipulating price of gold for a decade

Barclays capital gold price rigging

It was almost inevitable: a week after we wrote “From Rothschild To Koch Industries: Meet The People Who “Fix” The Price Of Gold” and days after “Barclays’ Head Of Gold Trading, And Gold “Fixer”, Is Leaving The Bank“, earlier today the UK Financial Conduct Authority finally formalized what most in …

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New whistleblower: HSBC ‘lied to MPs & deceived customers’

Nicholas Wilson HSBC whistleblower

HSBC deliberately deceived the Treasury Select Committee and was in contempt of Parliament by claiming their “fake” solicitors were regulated, whistleblower and financial activist Nicholas Wilson said Friday. The British-born investigator, who is currently preparing a private prosecution against HSBC for its alleged role in widespread fraud, says the bank …

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Billionaires move gold into underground bunkers in Swiss Alps

swiss-alps-gold-billionaires

Seeking to avoid increased tax authorities’ scrutiny and apparently doubting the security of banks, it seems that some billionaires opt to store their assets in gold bullion in underground bunkers hidden deep in the Swiss Alps. The Foreign Account Tax Compliance Act (FATCA), a US federal law, has come into effect, …

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The Big Short: new movie takes swipe at criminal bankers

The Big Short film movie

On Monday, actor Brad Pitt attended the screening for a new film in which he co-stars with Christian Bale, Steve Carell, and Ryan Gosling, The Big Short. The film takes on the banking elite and exposes the corruption and sheer unaccountable nature of the ruling class. Four outsiders in the world of high-finance who …

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China to allow direct conversion between Yuan and Swiss Franc

Chinese clerk with yuan notes

China took another step to boost the yuan’s global usage, saying it will start direct trading with the Swiss franc, as the nation pushes its case for reserve-currency status at the International Monetary Fund. The link will start on Tuesday, the China Foreign Exchange Trade System said in a statement, making …

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Putin drafts bill to dump the dollar and euro

Putin Russia

Russian President Vladimir Putin has drafted a bill that aims to eliminate the US dollar and the euro from trade between CIS countries. This means the creation of a single financial market between Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan and other countries of the former Soviet Union. “This would help …

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Russia reduces US debt holdings by 40% over past year

USD US 100 dollar note

Russia held $66.5 billion in US treasury securities in April 2015, down from $116.4 billion in April the previous year. The amount of US government bonds held by Russia reduced by more than 40 percent in one year, according to figures released by the US Treasury on Monday. In April 2015, Russia held $66.5 billion in US government debt, down from …

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JP Morgan bankruptcy lawyer killed in hit & run

Joseph Giampapa

The banker suicide saga has just reached a new level as a top level JP Morgan attorney has been exterminated in a hit & run incident involving a minivan. JPM attorney Joseph Giampapa was killed over the weekend when he was struck by a minivan in a hit and run incident. Giampapa …

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List with 132 names who pulled Cyprus deposits ahead of “Confiscation Day”

Cyprus

With every passing day, it becomes clearer and clearer the Cyprus deposit confiscation “news” was the most unsurprising outcome for the nation’s financial system and was known by virtually everyone on the ground days and weeks in advance: first it was disclosed that Russians had been pulling their  money, then it was suggested the …

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Public U.S. gold audit petition hits White House website

Gold audit federal reserve

The Gold Anti-Trust Action Committee (GATA) and other advocates–who argue the quantity of gold held by the world’s central banks, international bullion banks, and future exchanges is overstated–are backing a petition demanding an assayed public audit of the U.S. gold reserve, published Wednesday on the White House petitions website. The …

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RBS and UBS traders to face arrests over Libor scandal within a month

RBS

RBS and UBS traders accused of manipulating the Libor face arrests within a month, Bloomberg’s Lindsay Fortado reports. In case you’ve forgotten, the Libor is the London Interbank Offering Rate, a benchmark rate for financial products worth $360 trillion world wide. This summer, traders were found allegedly colluding with Libor submitters to manipulate …

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