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My grandson had quite a day at school. He had learned that the economy had been suffering from things called Panics, capital P, during the 19th century and had another big one in the early 20th century. He had been told that responsible, public-spi
Deutsche Bank, the troubled European bank, is doing away with 2016 bonuses for senior employees. A source at Deutsche Bank said that the cuts will be for individual bonuses at the vice president level and above, but that some smaller group bonuses w
Goldman Sachs Group Inc (GS.N) reported a nearly fourfold rise in quarterly profit on Wednesday, benefiting from a surge in trading following Donald Trump's surprise win in the U.S. presidential election.
Wall Street On Parade (January 9) details the boggling Goldman Sachs presence on Trump's team. My comments will follow the list of names.
PBOC officials tell bitcoin platform to rectify issues Bitcoin surged 120% in 2016 as yuan depreciation quickened
Protesters yelled chants and waved signs in the lobby of Goldman Sachs Group Inc.'s New York headquarters Wednesday in opposition to the firm's growing influence in President-elect Donald Trump's administration.
For a glimpse into just how insane modern finance and capital markets are, look no further than Italy's thrice insolvent (in three years) bank Monte Paschi, which after failing to finalize a private, is finalizing the terms of its nationalization ...
"We Don't Even Have Enough Money to Buy Food"
This is a bad season for banking around the world and especially in Italy where major banks are under water.
Indian banks are fearful of running out of cash as lines queue up to withdraw money.
The world's oldest bank and Italy's third biggest bank, Monte dei Paschi di Siena (MPS), is making a last-ditch emergency attempt as the year ends to convince tens of thousands of ordinary Italian savers to help it escape state hands.
While Italy scrambles to conclude a private sector rescue of ailing Monte Paschi, which hopes to raise €5 billion in the form a share sale to anchor and retail investors, while at the same time the bank is underoing a debt for equity swap, moments
MOSCOW (AP) -- Ukraine is nationalizing its largest bank following concerns over its stability in a move welcomed by the International Monetary Fund and the European Union.
In a last ditch attempt to avoid a state bailout, on Monday Italy's Monte Paschi will begin a share sale process as it aims to complete a capital raise of €5 billion ($5.2 billion) before Christmas, Bloomberg reported overnight.
IMF chief Christine Lagarde denied wrongdoing in her handling of a massive French state payout to a tycoon as she went on trial Monday in a case that risks tarnishing her stellar career.
The Bank of International Settlements is particularly good at two things in its periodic quarterly review update: i) stating the obvious, especially when it comes to summarizing the trader and market participants concerns at any given moment, and ii)
In early 2009, roughly at the time when this blog was launched which coincided with the start of the greatest monetary experiment of all time, we warned that there are two ways it will end: either in hyperinflation, or a deflationary supernova, the f
The Phasing Out of Physical Money Has Begun
(ZeroHedge) -- Back in April, when we first reported that Deutsche Bank had agreed to settle allegations it had rigged the silver market in exchange for $38 million, we revealed something stunning:
Taper Tantrum 2.0: German Bunds Tumble On Report ECB Is Preparing To Taper Bond Purchases
Bob Bryan for Business Insider reports, As President-elect's Donald Trump's transition rolls on, more and more attention is being paid to possible selections for a variety of high-ranking positions and meetings that might help decide these appoin
"We Are Fearing The Worst"
Hellenic Banks Plan "Tax On Cash Withdrawals" To Combat Black Economy
Here's Why
The mainstream media is up in arms over "fake news" but the reality is that almost everything the mainstream reports is in a sense fake. Global warming is fake. Vaccines do not work as advertised. Central banking is fake too.
Technocracy must drive cash out of the hands of people, forcing them into the digital matrix from which there is no escape. This movement is world-wide and involves all central banks and major commercial banks. ? TN Editor
Bolivian president Evo Morales recently announced that Bolivia will no longer respond to pressure or blackmail from the US government or Rothschild-controlled international banking institutions.
If Donald Trump truly wants to fix the economy, he must shut down the Federal Reserve.
Populists stick to tradition of central bank-bashing … If anyone still doubts the affinity between support for Trump in the US and for Brexit in the UK, they should look no further than the two movements' attitude to monetary policy. - Financial Ti
Stocks (4mo lows) and HY Bonds (3mo lows) down 7 days in a row... the longest losing streak since Nov 2011
