by Tyler Durden Banco Popolare is dragging the rest of the Italian banking system drastically lower today after a“susprise” Q1 loss driven by soaring bad loan writedowns. Banco Popolare is down 14% on the day […]
By Michael Snyder Last month, a “secret meeting” that involved more than 100 executives from some of the biggest financial institutions in the United States was held in New York City. During this “secret […]
CHARLES HUGH SMITH The banquet of consequences is about to be served. If we step back and look at what’s happened since the Global Financial Crisis of 2008-09, it’s easy to see that the global […]
by Pepe Escobar The famous Hollywood adage – ‘nobody knows anything’ – seems to perfectly apply to the current turbulence in the oil market. So in an effort to clarify where the global oil economy […]
By Tyler Durden This report was originally published by Tyler Durden at Zero Hedge. A dark storm is brewing in the world of private pensions, and all hell could break loose when it finally hits. […]
By Michael Snyder The Dow closed above 18,000 on Monday for the first time since July. Isn’t that great news? I truly wish that it was. If the Dow actually reflected economic reality, I […]
Submitted by cpowell on Thu, 2016-04-14 09:15. Section: Daily Dispatches 5:13p SGT Thursday, April 14, 2016 Dear Friend of GATA and Gold: Elaborating on the draft settlement agreement between Deutsche Bank and the plaintiffs in […]
Contrary what may appear to be the case, the «Panama Papers» campaign will not lead to restraining embezzlements of funds, nor to expanding liberties, but the exact opposite. The system is going to consolidate a […]
Submitted by Tyler Durden Over the weekend there was a flurry of commentary around the increasing use of NIRP by central banks, and the program’s declining effectiveness. Predictably the IMF – whose Christine Lagarde recently […]
It’s getting harder to pull your money out of the bank. J.P. Morgan Chase, one of America’s largest banks, recently made a major change in how it handles cash. Noncustomers can now only withdraw $1,000 […]
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