Central bankers have two key roles: the first, and more trivial one, is to set the price of money by adjusting short-term interest rates, something they have been doing since the advent of central banking; the second and far more important role (espe
The world's largest central banks are preparing for a policy u-turn, some have questioned whether 'more of the same' from the ECB will be enough to revive the continent's moribund economy. In fact, BlackRock CEO Larry Fink speculated that the ECB wo
Update: Given the shocking and provocative nature of Iran's claims to have penetrated and busted up a "CIA spy ring" -- announcing Monday it sentenced some to death row while also claiming to present photos of their American "handlers" (many showing
A Bank With 49 Trillion Dollars In Exposure To Derivatives Is Melting Down Right In Front Of Our Eyes
As an international private currency, Libra will be in competition with publicly issued currencies.
There is a reason James Simons' RenTec is the world's best performing hedge fund - it spots trends (even if they are glaringly obvious) well ahead of almost everyone else, and certainly long before the consensus.
Earlier this morning, JPMorgan hinted at the pain that banks will soon suffer as a result of sharply lower interest rates, when it cuts its Net Interest Income forecast by $500MM to $79.5 billion, sending its stock lower.
As one Goldmanite departs (i.e., Mario Draghi, whose term ends on October 31) another Goldmanite arrives at the ECB.
Three months after Blackrock CEO Larry Fink said on CNBC that "we have a risk of a melt-up...
What do you do if you are a major Japanese investor, whose mandate is to invest in safe assets, yet the yield on Japanese govvies is too low to cover the cost of your liabilities?
Economist Michael Hudson continues his discussion of Super Imperialism:
One Of The Largest Busts In U.S History That You Won't Hear About, "Sonic Device" vs Teenagers!
After years of farm income falling and the U.S./China trade war now taking its toll on the sector, Wall Street banks look as though they are giving up on lending to farmers, according to Reuters.
A new job listing from investment banking giant Goldman Sachs reveals apparent intentions to pursue digital asset development at an unprecedented pace.
Poland latest to repatriate its bullion from the Bank of England
When traditionally stable institutions like Deutsche Bank find themselves in trouble, it's a signal that the world's financial system will face big problems down the road, legendary investor Jim Rogers has told RT.
At the end of the day, all of the frenzied whispers in the press about Deutsche Bank CEO Christian Sewing's sweeping restructuring hardly did it justice.
Josh Sigurdson talks with author and economic analyst John Sneisen about the fall of Deutsche Bank as the bank calls for the layoffs of 18,000 employees as it creates a bad bank and its share prices continue to crash.
The appointment of Christine Lagarde as president of the ECB has been greeted with euphoria by financial markets. That reaction in itself should be a warning signal.
At the end of the day, all of the frenzied whispers in the press about Deutsche Bank CEO Christian Sewing's sweeping restructuring hardly did it justice. Instead of moving slowly, the bank started herding hundreds of employees into meetings with HR,
Deutsche Bank's mass restructure will see 18,000 jobs cut by 2022 and the closure of its global equities sales and trading business in a bid to improve profitability. The bank expects the sweeping reforms, which also involve the creation o
Bitcoin and other crypto-assets have long divided traditional economists and bankers with some warning over their instability and others praising their ingenuity.
Just as glimmers of hope were starting to emerge that Turkey may finally crawl its way out of the deep hole it dug for itself last summer... and Erdogan happens.
With Deutsche Bank CEO Christian Sewing set to unveil his sweeping restructuring plan to the struggling German banking behemoth's board on Sunday - a plan that's expected to focus on brutal cuts to DB's investment bank - the longtime head of that uni
Venezuela's President Nicolas Maduro ordered the country's leading bank, Banco de Venezuela, to accept the nation's cryptocurrency, the Petro at all of its branches, the country's Finance Ministry tweeted on July 4.
Christine Lagarde, the head of the IMF, will become the head of the ECB. Already, she has made a fool out of herself.
After talks with Commerzbank collapsed, one of the key questions on the mind of most long-suffering DB shareholders has been 'can Deutsche even afford the type of restructuring that CEO Christian Sewing has promised?'
Violent far left groups like Antifa are a bunch of punks hellbent on shutting down anyone they disagree with at any cost! They see language as a weapon and want to police your speech…They believe the ends justify the means and that sometimes you ne
The BIS annual report fired off a plethora of warnings to central bankers yet missed the best warning of all: bubbles.
Remember when Bilderberg "helped create the euro in the 1990s"?