Citigroup

Pivotfarm's picture

ATMs Open to Hacking





Computer programs are obsolete before they even get put on the market and it’s been that way for years now. There’s also the added bonus of actually making sure that the buyers keep buying and always want the latest. 

 


Tyler Durden's picture

Frontrunning: March 17





Putin Is No Mad Man to Russians as Power Play Trumps Economy (BBG)
Alibaba picks U.S. for IPO; in talks with six banks for lead roles (Reuters)
Russia hearts selling German energy: Billionaire Fridman’s L1 Buys RWE Unit for $7.1 Billion (Bloomberg)
Malaysia plane search straddles continent as police focus on crew (Reuters)
Saudi Crown Prince’s visit to China set to bolster investment (Al-Awsat)
Bugatti-Driving 26-Year-Old Tied to Penny-Stock Website (BBG)
Vodafone agrees $10 billion deal to buy Spain's Ono (Reuters)
The Hidden Rot in the Jobs Numbers (WSJ)
SocGen Ex-Trader Kerviel Walks to Forget Loss as Judgment Looms (BBG)
U.S. Banks’ $75 Billion Payout at Stake in Fed Tests (BBG)

 


Tyler Durden's picture

Frontrunning: March 13





  • China premier warns on economic slowdown as data fans stimulus talk (Reuters)
  • Li says China defaults ‘unavoidable’ (FT)
  • Russia Said to Ready for Iran-Style Sanctions in Worst Case (BBG)
  • Rescue the tapes from the Bank of England’s dustbins  (FT)
  • Obama Warns Putin of Cost to Russia for Annexing Ukraine (BBG)
  • The TVIX is back: Credit Suisse VIX Note That Ran Amok in 2012 Back on Top (BBG)
  • U.S. Risks National Blackout From Small-Scale Attack (WSJ)
  • U.S. Investigators Suspect Missing Airplane Flew On for Hours (WSJ)
  • Malaysia says no evidence missing plane flew hours after losing contact (Reuters)
  • Missed Alarms and 40 Million Stolen Credit Card Numbers: How Target Blew It (BBG)
  • Death Toll in NYC Building Blast Rises to Six; Search Continues (BBG)
 


rcwhalen's picture

GSE Reform Real and Imagined





Simply ending the corporate lives of Fannie Mae and Freddie Mac as the Johnson-Crapo proposal envisions is not sufficient

 


Tyler Durden's picture

Bond Trading Grinds To A Halt: Goldman Set To Report Weakest Q1 Since 2005; Revenues Down As Much As 25% Elsewhere





Since Wall Street has been explicitly fighting the Fed (remember: the main reason there is no volume is because nobody is selling) Wall Street has once again lost, and despite its appeals, the time to pay the piper has come. Said payment will be taken out of bank Q1 earnings which as everyone knows, will continue the declining trend seen in recent years (so much for that whole Net Interest Margin fable), but to learn just how bad, we go to the FT which reports that fixed income groups across Wall Street "are set for their worst start to the year since before the financial crisis, with revenue declines of up to 25%." The punchline: "Analysts now expect Goldman Sachs to record its weakest first quarter since 2005 and JPMorgan Chase and Bank of America are forecast to see their lowest revenues since they bought Bear Stearns and Merrill Lynch, respectively, in 2008."

 


Tyler Durden's picture

Frontrunning: March 12





  • China worries chill markets, copper slumps (Reuters)
  • Peak dot com dot two idiocy: Candy Crush Saga maker King seeks $7.56 bln valuation from IPO (BBG)
  • Obama Meeting With Yatsenyuk Raises Stakes in Ukraine (BBG)
  • Federal prosecutors open criminal probe of GM recall (Reuters)
  • Pimco Cuts Government Debt on Outlook for Fed Buying (BBG)
  • Missing Malaysian Jetliner Confuses World That’s Online 24/7 (BBG)
  • Mortgage Giants Face Endgame (WSJ)
  • Russia Calls U.S. Aid to Ukraine Illegal Amid Standoff (BBG)
  • U.S. judge freezes assets of Mt. Gox bitcoin exchange boss (Reuters)
  • Ousted Libyan PM flees country after tanker escapes rebel-held port (Reuters)
  • Senate-CIA Dispute Erupts Into a Public Brawl (WSJ)
 


Tyler Durden's picture

Futures Fail To Rally On Lack Of Yen Carry Levitation





Stocks in Europe failed to hold onto early gains and gradually moved into negative territory, albeit minor, as concerns over money markets in China gathered attention yet again after benchmark rates fell to lowest since May 2012. Nevertheless, basic materials outperformed on the sector breakdown, as energy and metal prices rebounded following yesterday’s weaker than expected Chinese data inspired sell off. At the same time, Bunds remained supported by the cautious sentiment, while EUR/USD came under pressure following comments by ECB's Constancio who said that financial markets misinterpreted us a little, can still cut rates and implement QE or buy assets. Going forward, market participants will get to digest the release of the weekly API report after the closing bell on Wall Street and the US Treasury will kick off this week’s issuance with a sale of USD 30bln in 3y notes.

 


Tyler Durden's picture

Frontrunning: March 10





  • Index of largest Chinese stocks drops to lowest since February 2009 (BBG)
  • Plane-Debris Hunters Seek Suspected Aircraft Window Part (BBG)
  • New-Home Building Is Shifting to Apartments (WSJ)
  • Forward Guidance Risks Stoking Instability, BIS Says (BBG)
  • Alleged Bitcoin Millionaire Nakamoto Gets $28,000 Donations (BBG)
  • Mexico kills drug kingpin reported dead years ago (Reuters)
  • Tencent to Buy 15% Stake in JD.com to Boost E-Commerce (BBG)
  • Bitcoin exchange MtGox 'faced 150,000 hack attacks every second’ (Telegraph)
  • Noyer Says Stronger Euro Creates Unwarranted Pressure on Economy (BBG)
  • Russian Forces Gain in Ukraine as Separatist Vote Looms (BBG)
 


Tyler Durden's picture

The Top 12 Signs That The U.S. Economy Is Heading Toward Another Recession





Is the U.S. economy steamrolling toward another recession?  Will 2014 turn out to be a major "turning point" when we look back on it?  Before we get to the evidence, it is important to note that there are many economists that believe that the United States never actually got out of the last recession.  In fact, that would fit with the daily reality of tens of millions of Americans that are deeply suffering in this harsh economic environment.  But no matter whether we are in a "recession" at the moment or not, there are an increasing number of indications that we are rapidly plunging into another major economic slowdown.  The following are the top 12 signs that the U.S. economy is heading toward another recession...

 


Tyler Durden's picture

"More Bloodletting" As Citi/JPM See Plunge In Trading Volumes





Jefferies, Deutsche Bank, and now Citi and JPMorgan are all facing a collapse in trading volumes as Bloomberg reports the two banks brace for a fourth straight drop in first-quarter trading revenues - a period of the year when the largest investment banks typically earn the most from that business. “It sounds like more bloodletting on Wall Street,” warns one analyst, as Citi expects trading revenue to drop by a “high mid-teens” percentage.

 


Tyler Durden's picture

Frontrunning: March 4





  • No need to use military force in Ukraine for now: Putin (Reuters)
  • Russia Orders Drill Troops Back to Bases (WSJ)
  • Ukraine premier agrees to reforms for aid package (FT)
  • Japan Base Wages Rise for First Time in Nearly Two Years (WSJ)
  • Only the algos are trading: Citigroup Joins JPMorgan in Seeing Trading-Revenue Drop  (BBG)
  • Vietnam sends blogger to prison for critical posts (AP)
  • At White House, Israel's Netanyahu pushes back against Obama diplomacy (Reuters)
  • Obama to offer new tax breaks for workers in election year budget pitch (Reuters)
  • China Banks Show Too-Connected-to-Fail Link to Shadow Loans (BBG)
  • Ex-BOK Deputy Lee Named to Head South Korea Central Bank (BBG)
  • No mortgage origination problem in the UK: Mortgage approvals climb to six year high (Telegraph)
 


Tyler Durden's picture

Frontrunning: March 3





  • Russian markets hit as Putin tightens grip on Crimea (Reuters)
  • Ukraine Sees More Russian Incursions as Standoff Worsens (BBG)
  • Ukraine Crisis Roils Global Markets (WSJ)
  • Cold War Ghosts Haunt East Europe in Moves for Crimea (BBG)
  • How Moscow Orchestrated Events in Crimea (WSJ)
  • Russia Gas Threat Shows Putin Using Pipes to Press Ukraine (BBG)
  • Euro-zone PMI slowed less sharply than estimated (MW)
  • Two top Microsoft execs to leave in reshuffle (Reuters)
  • Soaring Luxury-Goods Prices Test Wealthy's Will to Pay (WSJ)
  • IQ-Boosting Drugs Aim to Help Down Syndrome Kids Learn (BBG)
 


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