Under investigation are products and services sold to customers "with an eye toward earning more compensation than finding the best fit for the customer."
"There Is $816bn of “market structure” that could make the recent VIX ETF/ETN implosion a dress rehearsal for a major market correction if volatility becomes contagious next time."
"... if fear is artificially low due to Federal Reserve or other central bank market manipulation (as it has been since the 2008 financial crisis), then it is usually an eerie, unhealthy 'calm before the storm'..."
With the worst month for global markets in two years now in the history books, March is starting off on the back foot, with global equity markets a sea of red this morning as S&P futs slide below 2700.
"Russia may present many dangers, it may have plenty of nuclear weapons, and may have a leader determined to take risks to make Russia great again – but such reports of its frequent air incursions are anything but true."
The New York Department of Financial Services has asked Deutsche Bank two local lenders for information about their dealings with Jared Kushner, the Kushner companies and his family.
Bank of America dismissed two staffers as part of a growing sexual harassment prove involving Omeed Malik, a "charismatic" prime brokerage executive who was a personal advisor to Jon Corzine, and who was let go by the bank a month ago.
The Money Bubble is inflating at different speeds in different places. But apparently no culture is immune...“When household credit goes up too fast, the fact is, it doesn’t end well,”
Short-term price correlations (measured in 10 day rolling averages) during the recent selloff in US stocks absolutely exhibit a high degree of linkage, but we need to call out a few caveats as well...
Billionaire (?) investor Bill Ackman’s Pershing Square Capital Management is building a stake in United Technologies Corp, CNBC reported, adding that Ackman is now "all gone" from Herbalife...
"3 is the Magic Number: The likely cocktail in coming months of real GDP forecasts >3%, wage inflation >3%, 10-year Treasury yields >3%, inspired by S&P500 >3000 will mark a big top in equity & credit prices."
International Business Machines Corporation (IBM) went before the United States House of Representatives on Wednesday, February 14th in the person of Jerry Cuomo, IBM’s Vice President of Blockchain Technologies
“Both financial institutions and their non-banking competitors face the risk that payment processing and other services could be disrupted by technologies, such as cryptocurrencies, that require no intermediation.”
"It would take a big surprise from US ISM data to avoid a second monthly decline in global PMI measures. That, along with falling economic surprise indices, and signs that at a global level inflationary pressures aren't noticeably building, fuels the view that the growth spurt at the end of 2017 is now behind us."
Asian bourses and European shares fell after surprisingly bad Chinese PMI and Japanese econ data added to a perceived hawkish tilt in Fed policy emerging from Chair Powell's testimony, however a rebound in US equity futures has pushed the S&P back into the green.
The latest Oxfam sex abuse scandal does not exist in a vacuum. It is not the first time that aid groups have been accused of sexual misconduct towards the very people the entities purport to protect, and without significant change, it will not be the last time that such allegations emerge.
