Lloyds

Tyler Durden's picture

Frontrunning: May 21





  • Eric Holder proves he is no US banker puppet by smashing another foreign bank: BNP Falls as U.S. Probe Said to Cost More Than $5 Billion (BBG)
  • Fuld Was Top CEO When Fed Last Raised as New Neutral Era Beckons (BBG)
  • Tymoshenko loses her magic in Ukraine presidential race (Reuters)
  • GOP Sees Primaries Taming the Tea Party (WSJ)
  • Heard that one before: Russian troops preparing to leave Ukraine border area (Reuters)
  • Vietnam riots land another blow on the global supply chain (FT)
  • Heard that one before too: Bank of England minutes show some members closer to voting for rate rise (Reuters)
  • BOJ Refrains From Easing With Signs Japan Weathering Tax Rise (BBG)
  • Miner Freeport Pressured by Water Costs as Copper Prices Slide (WSJ)
  • Talks to end Thai crisis inconclusive, new round called (Reuters)
  • Japan Court Blocks Reactor Restarts (WSJ)
 
Tyler Durden's picture

Frontrunning: May 16





  • Bank of England sees 'no housing bubble' (Independent)
  • ‘If the euro falls, Europe falls’ (FT)
  • India's pro-business Modi storms to historic election win (Reuters)
  • Global Growth Worries Climb (WSJ)
  • Bitcoin Foundation hit by resignations over new director (Reuters)
  • Blackstone Goes All In After the Flop (WSJ)
  • SAC's Steinberg loses bid for insider trading acquittal (Reuters)
  • Beats Satan: Republicans Paint Reid as Bogeyman in 2014 Senate Races (BBG)
  • Tech Firms, Small Startups Object to Paying for Internet 'Fast Lanes' (WSJ) - but they just provide liquidity
  • U.S. Warns Russia of Sanctions as Ukraine Troops Advance (BBG)
  • Major U.S. hedge funds sold 'momentum' Internet names in first-quarter (Reuters)
 
Tyler Durden's picture

Futures Lethargic With Overnight Ramp As Half The World Takes Day Off





It is May Day, which means half the world - the half where welfare contributions to one's standard of living are off the charts - celebrate labor, or rather the lack thereof, by taking a day off. Which means virtually all of Europe is closed, as are Eurex and Euronext futures, and most European markets expect the UK. In light of the non-existent volume, futures are relatively unchanged despite the latest Chinese Mfg PMI disappointment (50.4, below the 50.5, expected but just above the prior print of 50.3), and of course yesterday's US GDP debacle which helped push the DJIA to a record high. The good news is that with volume even more miserable than usual, the few momentum ignition algos that are operating will have a field day with the now standard low-volume levitation that happens like clockwork if the news is bad, and also happens just in case if the news is bad.

 
Tyler Durden's picture

Another Day, Another Senior FX Trader "Resigns"





The plague of resigning senior FX traders from bulge bracket banks continues. The oddly coincidental timing of these mass resignations - along with total radio silence over any reasons from the banks in question - and the spreading FX market 'rigging' probe is, we are sure, just conspiracy theorists run wild. As Bloomberg reports, Lloyds Banking Group’s global head of spot foreign exchange, Darren Coote, has resigned, according to three people with knowledge of the move.

 
Tyler Durden's picture

Frontrunning: April 4





  • Nato chief defends eastern advance (FT)
  • Russia looks east as it seeks to rebalance trade interests (FT)
  • Plane from Guinea briefly quarantined in Paris after Ebola scare (AFP)
  • US attacks Japan’s stance on Trans-Pacific Partnership (FT)
  • Thank you IMF: Ukraine PM says will stick to austerity despite Moscow pressure (Reuters)
  • U.S. Army seeks motive for Fort Hood shooting rampage (Reuters)
  • China Slowdown Adds to Emerging-Market Growth Hurdles, IMF Says (BBG)
  • Top investors press Allianz to step up oversight of Pimco (Reuters)
  • U.S. to Evaluate Role in Mideast Peace Process, John Kerry Says (WSJ)
  • Scientists dismiss claims that Yellowstone volcano about to erupt (Reuters)
  • Ukraine detains 12 riot police on suspicion of 'mass murder' (Reuters) - on CIA orders?
 
Tyler Durden's picture

Frontrunning: March 31





  • US, Russia talks fail to end Ukraine deadlock (AP)
  • Russian forces 'gradually withdrawing' from Ukraine border (AFP)
  • Turkish PM Erdogan tells enemies they will pay price after poll (Reuters)
  • And Goldman arrives: Credit markets open to Argentina for first time in years (Reuters)
  • Regulators Twice Failed to Open GM Probes (WSJ)
  • Bad loan writedowns soar at China banks (FT)
  • Investors Breathe Life Into European Banks' Bad Loans (WSJ)
  • Euro zone inflation drops to lowest since 2009 (Reuters)
  • Yellowstone National Park rattled by largest earthquake in 34 years (Reuters)
 
Tyler Durden's picture

Frontrunning: March 27





  • BOE to Sign Agreement With China on Yuan Clearing Next Week (BBG)
  • U.S. law firm plans to bring suit against Boeing, Malaysia Airlines (Reuters)
  • Citigroup Fraud Stings Mexico Star as Medina-Mora Chased (BBG)
  • Fraternity Chief Feared for Son as Hazings Spurred JPMorgan Snub (BBG)
  • UBS suspends six more forex traders (FT)
  • Goodbye CSCO Q1 EPS: China to strengthen Internet security after U.S. spying report (Reuters)
  • Good luck: Spain Banks With $55 Billion of Property Seek Deals (BBG)
  • Citic Pacific Said to Plan About $4 Billion Public Offering (BBG)
  • Yahoo Japan to buy eAccess from SoftBank for $3.2 billion (Reuters)
  • "Whatever it takes" to talk down the Euro: Euro, peripheral bond yields fall on ECB easing debate (Reuters)
 
Tyler Durden's picture

Frontrunning: March 26





  • One-Ship Ukraine Navy Defies Russia to the End (WSJ)
  • Crimea-Induced Trading Surge Stokes Moscow Exchange Rally (BBG)
  • Moscow says Ukraine stops Russian crews disembarking in Kiev (Reuters)
  • New images show more than 100 objects that could be plane debris (Reuters)
  • Anger of Flight 370 Families Explodes in Beijing (BBG)
  • Murdoch Promotes Son Lachlan in Succession Plan for Empire (BBG)
  • Facebook to buy virtual reality goggles maker for $2 billion (Reuters)
  • Syrian Regime Exploits Rebel Despair (WSJ)
  • King Digital IPO price may not bode well for stock (Reuters)
  • Rothschild in Twitter Spat as Bakries Cut Ties With Miner (BBG)
 
Tyler Durden's picture

It's Another Non-Virtual Futures Ramp In A Virtual Reality World





Another morning melt up after a less than impressive session in China which saw the SHCOMP drop again reversing the furious gains in the past few days driven by hopes of more PBOC easing (despite China's repeated warning not to expect much). A flurry of market topping activity overnight once again, with Candy Crush maker King Digital pricing at $22.50 or the projected midpoint of its price range, and with FaceBook using more of its epically overvalued stock as currency to purchase yet another company, this time virtual reality firm Oculus VR for $2 billion. Perhaps an appropriate purchase considering the entire economy is pushed higher on pro-forma, "virtual" output, and the Fed's capital markets are something straight out of the matrix. Despite today's pre-open ramp, which will be the 4th in a row, one wonders if biotechs will finally break the downward tractor beam they have been latched on to as the bubble has shown signs of cracking, or will the mad momo crowd come back with a vengeance - this too will be answered shortly.

 
Tyler Durden's picture

Frontrunning: March 25





  • Putin Threatened With More Sanctions as Russia Out of G-8 (BBG)
  • China Faces ‘Mini Crisis’ on Debt Defaults, Ex-PBOC Adviser Says (BBG)
  • Don't laugh too hard: Obama to propose ending NSA bulk collection of phone records (Reuters)
  • SEC Is Probing Dealings by Banks and Companies in Loan Securities (WSJ)
  • Japan GPIF asset review not aimed at supporting domestic stocks (Reuters)
  • Chinese families clash with police, slam Malaysia over lost plane (Reuters)
  • Russian Capital Flight Surges in First Quarter, Fueled by Ukraine Crisis (WSJ)
  • Democrats ditch Nate Silver after data whiz predicts dismal midterm outcome (DN)
  • China’s Urbanization Loses Momentum as Growth Slows (BBG)
 
Tyler Durden's picture

Frontrunning: March 11





  • Malaysia Says Stolen Passport User Had No Links to Terror Groups (BBG)
  • Malaysia military tracked missing plane to west coast (Reuters)
  • Freescale loss in Malaysia tragedy leads to travel policy questions (Reuters)
  • Top German body calls for QE blitz to avert deflation trap in Europe (Telegraph)
  • Firms Suffer 23% Drop in Asia Fees Amid Search for Cash (BBG)
  • Putin Dismisses U.S. Proposal on Ukraine (WSJ)
  • Lenovo says China strike an IBM matter, but it won't cut wages (Reuters)
  • Congress to Investigate GM Recall (WSJ)
  • New hedge funds face life or death battle for funding (FT)
  • Muni Bond Costs Hit Investors in Wallet (WSJ)
  • BOJ keeps stimulus in place, cuts view on exports in warning sign (Reuters)
  • ECB Homes In on Risky Assets as Inspectors Fan Out Across Europe  (BBG)
  • Snowden: "The Constitution was violated" (Reuters)
 
GoldCore's picture

Gold Hedges Against Surge In Cost Of Bread, Eggs, Beer and Fuel





£9.48 in 1973 would have the same spending power as £100 today. The rising cost of retail goods means someone who was a millionaire 40 years ago would need £10,553,000 today to enjoy the same spending power.

 
Tyler Durden's picture

Frontrunning: March 7





  • Putin rebuffs Obama as Ukraine crisis escalates (Reuters)
  • Behind the $100 Billion Commodity Empire That Few Know (BBG)
  • Initial Public Offerings Hit Pace Not Seen in Years (WSJ)
  • Russian Parliament Will Back Crimea Split From Ukraine (WSJ)
  • Nakamoto Named as Bitcoin Father Denies Involvement, Flees Press (BBG)
  • Chaori Can’t Make Payment in China’s First Onshore Default (BBG)
  • Zombies Spreading Shows Chaori Default Just Start (BBG)
  • Pimco's Gross declares El-Erian is 'trying to undermine me' (Reuters)
  • U.S. Fighters Circle Baltics as Putin Fans Fear of Russia (BBG)
 
Tyler Durden's picture

Frontrunning: March 6





  • Spot the inaccuracies: Stocks rise on Ukraine diplomacy, ECB easing speculation (Reuters)
  • Bank of England Extends Record-Low Rates Into a Sixth Year (BBG)
  • China's Chaori Solar poised for landmark bond default (Reuters), explained here previously
  • EU leaders meet in Brussels to address Ukraine crisis (FT)
  • Nine-month-old baby may have been cured of HIV, U.S. scientists say (Reuters)
  • China Raises Defense Spending 12.2% for 2014 (WSJ)
  • China Stock Index Rises as Developers Jump on Policy Speculation (BBG)
  • VTB Cancels New York Forum as U.S. Relations Sour (BBG)
  • IBM workers strike in China over terms of Lenovo takeover (FT)
  • College Board Redesigns SAT Exam Making Essay Portion Optional (BBG)
 
Tyler Durden's picture

Frontrunning: February 21





  • RBS plans dramatic scaling back, to fire 30,000 of its 120,000 workers (FT)
  • Zuckerberg’s Data Stance Faces Privacy Backlash in Europe (BBG)
  • WhatsApp Shows How Phone Carriers Lost Out on $33 Billion (BBG)
  • Markets flooded with cash, should Fed prep to stamp out risk? (Reuters)
  • Venezuela threatens to expel CNN over protest coverage (BBC)
  • Firm Stops Giving High-Speed Traders Direct Access to Releases (WSJ)
  • Obama Budget to Delete Proposal to Limit Social Security (BBG)
  • Energy Holdings Prepares for a Breakup (WSJ)
  • EU Struggles to Streamline Bank-Failure Plan for Weekends (BBG)
  • Madoff said JPMorgan executives knew of his fraud (Reuters), and JPM admitted as much when it settled with the DOJ
 
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