LIBOR

Tyler Durden's picture

Bailed Out RBS Faces Shareholder Revolt As Capital Return Plans Delayed Indefinitely





"People are disappointed" with RBS. The bailed out UK lender that's logged some £50 billion in losses since 2008 just reported its eighth consecutive annual loss, and investors are not happy. As one analyst put it, “I haven’t found any nuggets of good news.” 

 
Tyler Durden's picture

London Whale Blasts JPMorgan Management: "For No Good Reason I Was Singled Out"





"The losses suffered by the CIO were not the actions of one person acting in an unauthorized manner. My role was to execute a trading strategy that had been initiated, approved, mandated and monitored by the CIO’s senior management.”

 
Monetary Metals's picture

Gold Costs 80oz of Silver, Report 21 Feb, 2016





The big news is that the gold-silver ratio closed at 80, a new post-2008 record. Why?

 
Tyler Durden's picture

It Was Never About Oil, Part 2: It Was Always Leverage & Volatility





Unfortunately, we remain stuck in the cleanup phase so long as economists and their ability to direct policy continue to suggest the Great Recession was anything other than systemic revelation along these lines; a permanent rift between what was and what can be. It is and was never about oil; only now that oil projects volatility into the dying days of eurodollar leverage.

 
Tyler Durden's picture

Frontrunning: February 11





  • Gold Roars to One-Year High as Turmoil Drives Safe Haven Demand (BBG)
  • Banking Stocks Pummeled in Europe (WSJ)
  • Dollar, stocks plunge sparks scramble for safety (Reuters)
  • Nymex Crude Slips Below $27 a Barrel (WSJ)
  • No Respite for S&P 500 as U.S. Stock Futures Join Global Selloff (BBG)
 
Tyler Durden's picture

Agency Bond Rigging Probe Expands As Europe Grills Banks On SSA Debt





EU regulators have joined their counterparts in the US and Britain in probing the SSA market where banks may have colluded on price quotes. The big question is whether Deutsche Bank, which is struggling to reassure a nervous market, will find itself in the European Commission's crosshairs.

 
Monetary Metals's picture

They Broke the Silver Fix





On Jan 28, the price of silver flash crashed. This irregularity occurred around the silver fix. The spot price was $14.40 but the fix was $13.58.

 
Tyler Durden's picture

Germany Shuts Down Canadian Bank Tied To Money Laundering





For the first time since 2012, Bafin - Germany’s banking regulator, which for a minute looked like it might actually accuse Anshu Jain of lying about LIBOR - has closed a bank. All financial transactions by Maple Bank of Canada’s German subsidiary have been halted due to "imminent over indebtedness."

 
Tyler Durden's picture

The Mechanics Of NIRP: How The Fed Will Bring Negative Rates To The U.S.





Now that talking about NIRP in the US is no longer anathema but a matter of survival for market participants for whom frontrunning the Fed's policy failure has emerged as a prerequisite trade, the question is: what are the mechanics of NIRP, what are the implications of negative rates for US markets. Here is the handy answer

 
Tyler Durden's picture

Frontrunning: January 29





  • World shares heat up as Bank of Japan goes sub-zero (Reuters)
  • Stocks Rally With Bonds as BOJ Ends Grim January on High Note (BBG)
  • Japan Follows Europe Into Negative Interest Rate Territory (WSJ)
  • Decision On Oil Cut Only Possible If All Exporters Agree, Russian Energy Minister Says (BBG)
  • Trump overshadows Republican debate even as he sits it out (Reuters)
  • Trump skips debate, wins on social media (Reuters)
 
Tyler Durden's picture

Frontrunning: January 28





  • Unease over Fed rate path dents European stocks (Reuters)
  • Global Stocks Pressured After Fed Statement (WSJ)
  • Japan's Economy Minister Amari to Resign Over Graft Scandal (BBG)
  • Authorities working to clear remaining protesters in Oregon occupation (Reuters)
  • China Sharpens Efforts to Halt Money Outflow (WSJ)
  • Eurozone January Economic Sentiment Falls Sharply, Hits 5-Mth Low (MNI)
 
Tyler Durden's picture

China's Largest Bank Is Mystery Buyer Of Massive 1,500 Ton Gold Vault In London





Here is precisely where the brand new gold vault of the world's biggest bank will be located.

 
Tyler Durden's picture

Jailhouse Diary Of A Libor Manipulation Scapegoat





"It was over. The guard led me into a room daubed in graffiti, with the faint smell of cigarettes and urine. He allowed me to use the toilet, but it had no door – the days of privacy and dignity were over. A plastic toilet with no seat. I couldn’t really comprehend it."

 
Tyler Durden's picture

The Credit Crunch Is Back: Banks Scramble To Collateralize Loans To Record Levels





Banks have finally woken up to the risk their billions in C&I loans issued to fund "financial engineering" are exposed to. The reaction: an unprecedented surge in loan collateralization, with the percent of total loans secured by collateral soaring by nearly 50% in the past quarter to a record 55.9%, the highest ever!

 
Tyler Durden's picture

Frontrunning: December 22





  • Battered oil wins respite, lifts stocks (Reuters)
  • Oil Halts Decline as Emerging Market Stocks Climb on China (BBG)
  • Bonds Set to Beat Stocks Globally in 2015 After China Falters (BBG)
  • SpaceX Falcon rocket nails safe landing in pivotal space feat (Reuters)
  • China Leaders Flag More Stimulus After Top Economic Meeting (BBG)
  • SEC to Retrench Case Against SAC’s Steven A. Cohen (WSJ)
 
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