Wells Fargo

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Frontrunning: June 14

  • As Goldman's money-printing tentacle Carney arrives, everyone else leaves: Tucker to Leave BOE (WSJ)
  • So much for pent up demand: Refinancings Plunge as Bond Yields Rise (WSJ)
  • Singapore Censures 20 Banks for Attempts to Rig Benchmark Rates (BBG)
  • Behind the Big Profits: A Research Tax Break (WSJ)
  • While working for spies, Snowden was secretly prolific online (Reuters)
  • Turkey to Await Ruling on Park as Erdogan Meets Protesters (BBG)
  • Iran votes for new president, Khamenei slams U.S. doubts (Reuters)
  • NSA revelations, modified wheat cast a pall on U.S. trade talks with Europe (WaPo)
  • Euro zone inflation subdued as employment keeps falling (Reuters)
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Frontrunning: June 13

  • Global shares pummeled, dollar slumps as rout gathers pace (Reuters)
  • Hong Kong to Handle NSA Leaker Extradition Based on Law (BBG)
  • Lululemon chairman sold $50 million in stock before CEO's surprise departure (Reuters)
  • Companies scramble for consumer data (FT)
  • Traders Pay for an Early Peek at Key Data (WSJ)
  • When innovation dies: Apple looking at bigger iPhone screens, multiple colors (Reuters)
  • Washington pushed EU to dilute data protection (FT)
  • Japan-U.S. drill to retake remote island kicks off (Japan Times)
  • EM economies in danger of overheating, World Bank says (FT)
  • Don't forget the Indian crisis: Chidambaram seeks to quell concerns over rupee (FT)
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Frontrunning: June 12

  • Pimco Sees 60% Chance of Global Recession in Five Years (BBG)
  • Global Tumult Grips Markets (WSJ)
  • NSA Secrecy Prompts a Pushback (WSJ)
  • ANA Scraps 787 Dreamliner Flight as Engine Fails to Start (BBG) - one of these days, though, it shall fly
  • Kuroda’s April-Was-Enough Message Faces Markets Wanting More (BBG)
  • S&P warns top US banks are still ‘too big to fail’ (FT)
  • Democracy for $500 per plate (Reuters)
  • Iran, the United States and 'the cup of poison' (Reuters)
  • Japan grapples with lack of entrepreneurs (FT)
  • Greece First Developed Market Cut to Emerging at MSCI (BBG)
  • Asia's ticking time bonds; time to cut and run? (Reuters)
  • Sony Outduels Microsoft in First PS4-Xbox One Skirmish (BBG)
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Frontrunning: June 11

  • Citigroup Facing $7 Billion Currency Hit on Dollar, Peabody Says (BBG)
  • World has 10 years of shale oil, reports US (FT)
  • ECB prepares to defend monetary policy in German court (FT)
  • European Stocks Sink to Seven-Week Low as Treasuries Fall (BBG)
  • Fitch warns on risks from shadow banking in China (Reuters)
  • Obama administration to drop limits on morning-after pill (Reuters)
  • ACLU asks spy court to release secret rulings in response to leaks (MSNBC)
  • SEC Nets Win in 'Naked Short' Case (WSJ)
  • SoftBank Raises Offer for Sprint to $21.6 Billion (WSJ)
  • Chinese rocket launch marks giant leap towards space station (FT)
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Frontrunning: June 10

  • In Hong Kong, ex-CIA man may not escape U.S. reach (Reuters)
  • Backlash over US snooping intensifies (FT)
  • Apple to Revamp IPhone Software, Ending Product Funk (BBG)
  • Nothing like revising history: Japan revises up Q1 growth to annual 4.1% (FT), just don't look at the trade deficit
  • Coffee Exports From Indonesia Seen Slumping to Two-Year Low (BBG)
  • Euro bailout Troika nears end of road with patchy record (Reuters)
  • Treasuries Little Changed Before Bullard Speaks Amid QE Debate (BBG)
  • Schwab Topping Goldman Sachs Presages Return to Stocks (BBG)
  • Hedge funds take over another city: London’s Forced Renters Fuel Apartment Investing Boom (BBG)
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Frontrunning: June 6

  • Global Stocks Tumble as Treasuries Rally, Yen Strengthens (BBG)
  • China Export Gains Seen Halved With Fake-Data Crackdown (BBG) - so a crash in the GDP to follow?
  • FBI and Microsoft take down botnet group  (FT)
  • Quant hedge funds hit by bonds sell-off  (FT)
  • Russia's Syria diplomacy, a game of smoke and mirrors (Reuters)
  • Obama Confidantes Get Key Security Jobs (WSJ)
  • BMW to Mercedes Skip Summer Breaks to Keep Plants Rolling even as European auto demand slides to a 20-year low (BBG) - thank you cheap credit
  • Paris threat to block EU-US trade talks  (FT)
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Frontrunning: June 4

  • Whale of a Trade Revealed at Biggest U.S. Bank With Best Control (BBG)
  • ECB backs away from use of ‘big bazooka’ to boost credit (FT)
  • Turkish unions join fierce protests in which two have died (Reuters)
  • Europe Floods Wreak Havoc (WSJ)
  • Beheadings by Syrian Rebels Add to Atrocities, UN Says (BBG)
  • RBA Sees Further Rate-Cut Scope as Aussie Remains High (BBG)
  • China’s ‘great power’ call to the US could stir friction (FT)
  • J.C. Penney Continuing Ron Johnson’s Vision on the Cheap (BBG)
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Frontrunning: June 3

  • BIS lays out "simple" plan for how to handle bank failures (Reuters) - Are we still holding our breath on Basel III?
  • Deficit Deal Even Less Likely - Improving U.S. Fiscal Health Eases Pressure for a 'Grand Bargain' Amid Gridlock (WSJ)
  • IRS Faulted on Conference Spending (WSJ)
  • Deadly MERS-CoV virus spreads to Italy (CNN)
  • Turkish PM Erdogan calls for calm after days of protests (Reuters)
  • Financial system ‘waiting for next crisis’ (FT)
  • Russia to send nuclear submarines to southern seas (Reuters)
  • China Nuclear Stockpile Grows as India Matches Pakistan Rise (BBG)
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Frontrunning: May 31

  • Record unemployment, low inflation underline Europe's pain (Reuters)
  • The ponzi gets bigger and bigger: Spanish banks up sovereign bond holdings by more than 10% (FT)
  • California Lawmakers Turn Down Moratorium on Fracking (BBG)
  • China’s Growing Ranks of Elderly Beset by Depression, Study Says (BBG)
  • Tokyo Prepares for a Once-in-200-Year Flood to Top Sandy (BBG)
  • Morgan Stanley Cutting Correlation Unit Added $50 Billion (BBG)
  • IMF warns over yen weakness (FT)
  • Rising radioactive spills leave Fukushima fishermen floundering (Reuters)
  • India records slowest growth in a decade (FT)
Tyler Durden's picture

Keeping The 'Recovery' Dream Alive; 3 Big Banks Halt Foreclosures In May

What is the only thing better than Foreclosure Stuffing to provide an artificial supply-side subsidy to the housing market? How about completely clogging the foreclosure pipeline, by halting all foreclosure sales, which is just what the three TBTF megabanks: Wells Fargo, JPMorgan and Citi have done in recent weeks. Under the guise of 'ensuring late-stage foreclosure procedures were in accordance with guidelines', the LA Times reports that these three banks paused sales on May 6th and all but halted foreclosures. Perfectly organic housing recovery - as we noted earlier... and guess what states the greatest number of 'halts' are in from these banks - California, Nevada, Arizona - exactly where the surges in price have occurred.

Tyler Durden's picture

Frontrunning: May 28

  • ‘Cov-lite’ loans soar in dash for yield (FT)
  • Cambodian police clash with thousands of garment workers, 23 hurt (Reuters)
  • Obama Accepting Sequestration as Deficit Shrinks (BBG)
  • Having done nothing to restore confidence in a fragmented market, the SEC turns back to main street fraud (WSJ)
  • Europe's austerity-to-growth shift largely semantic (Reuters)
  • Germany thwarts EU in China solar fight (FT)
  • In EU-China dispute, Beijing warns of trade  (FT)
  • U.S. Oil Boom Divides OPEC (WSJ)
  • Record Cash Sent to Balanced Funds (BBG)
  • Hilsenrath: Fed Wrestles With Market Expectations About Pace of QE (WSJ)
  • Worse-Than-Cyprus Debt Load Means Caribbean Defaults to Moody’s (BBG)
  • States Raise College Budgets After Years of Deep Cuts (WSJ)
  • U.K. Banks Cut 189,000 With Employment at Nine-Year Low (BBG)
CalibratedConfidence's picture

Banks Write Legislation

...understand the national threat that is our fragmented and perverted equity market microstructure that is driven by such esoteric order-types such a Post No Preference Blind Limit Order created through the buddy system of exchange/order volume producer.

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Frontrunning: May 23

  • Global shares sink, following 7.3 percent drop in Japan's Nikkei (Reuters)
  • When all fails, pull a Kevin Bacon: Japan Economy Chief Warns Against Panic Over Stock Sell-Off (BBG)
  • White House Feeds IRS Frenzy by Revising Accounts (BBG)
  • In any scandal, lying to Congress is tough to prove (Reuters)
  • Debt limit resets at higher level, budget impasse grinds on (Reuters)
  • China factory data to test political calculations (FT)
  • European Leaders Saying No to Austerity (BBG)
  • And yet, nobody wants in anymore: Iceland’s new coalition government suspends EU accession talks (FT)
  • Oil Manipulation Inquiry Shows EU’s Hammer After Libor (BBG)
  • The Fed Squeezes the Shadow-Banking System (WSJ)
  • Diamond Said to Weigh Backing Barclays Alumni in Venture (BBG)
  • Spain’s Private Jets Disappearing as Tycoons Cut Flights (BBG)
Tyler Durden's picture

Frontrunning: May 22

  • Apple Bonds Stick Buyers With $280.6 Million Loss as Rates Climb (BBG)
  • Iceland Freezes EU Plans as New Government Shuns Euro Crisis (BBG)
  • "Transparent Fed" - Ben Bernanke meets privately with Darrell Issa (Politico)
  • Bank of Japan vows market steps to curb bond turbulence (Reuters) holds policy (FT)
  • Stockholm riots spread in third night of unrest (FT)
  • Dudley Says Decision on Taper Will Require 3-4 Months (BBG)
  • Senate panel passes immigration bill; Obama praises move (Reuters)
  • Italy to outline youth jobs plan as government struggles (Reuters)
  • Apple CEO Tim Cook, Lawmakers Square Off Over Taxes (WSJ)
  • Google Joins Apple Avoiding Taxes With Stateless Income (BBG)
  • Sony Board Discussing Loeb’s Entertainment IPO Proposal (BBG)
  • Vote Strengthens Dimon's Grip (WSJ), Dimon performance well choreographed (FT)
Tyler Durden's picture

Frontrunning: May 21

  • IMF Tells Central Europe to Spend More (WSJ)
  • Tornadoes Blast Oklahoma (WSJ)
  • Frenetic search for survivors as 91 feared dead in tornado-hit Oklahoma (Reuters)
  • JPMorgan investors on edge over vote on Dimon; what if they win? (Reuters)
  • Wealthy bank depositors to suffer losses in EU law (Reuters)
  • Yen Slips as Amari Backtracks (BBG)
  • Japan Ready for More Yen Weakness Despite Recent Comments (WSJ)
  • IRS officials back on Capitol Hill hot seat over targeting (Reuters)
  • Li Keqiang pledges China boost to India trade (FT)
  • Europe's Recession Sparks Grass-Roots Political Push (WSJ)
  • Obama and Xi to meet in effort to calm growing US-China rivalry (FT)
  • Berlin plans to streamline EU but avoid wholesale treaty change (FT)
  • France must reform or face punitive measures - EU's Oettinger (Reuters)
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