Category: Banks / Funds

Qatar Investment Authority doubles stake in Credit Suisse
29. 1. 2023 No Responses

Qatar Investment Authority doubles stake in Credit Suisse

The Qatar Investment Authority (QIA) now owns 6.8% of Credit Suisse’s shares, second only to the 9.9% stake purchased by the Saudi National Bank last year as part of a $4.2 billion capital raise. Combined with the 3.15% owned by...
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Citadel hedge fund recorded $16 Billion Profit, overall hedge funds overall losing $208 billion last year
23. 1. 2023 No Responses

Citadel hedge fund recorded $16 Billion Profit, overall hedge funds overall losing $208 billion last year

And Ken Griffen’s Citadel hedge fund recorded $16 Billion Profit For Clients In 2022. Citadel had a blowout year, and according to the WSJ, had generated about $28 billion in revenue. The impressive number, driven by a 38.1% return at the...
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History: The first ETF launched 30 years ago, revolutionizing investing
22. 1. 2023 No Responses

History: The first ETF launched 30 years ago, revolutionizing investing

30 years ago, the launch of the first exchange-traded fund ushered in a new era of investing. Now, the industry is bringing exotic trading strategies to the masses. The SPDR S&P 500 ETF Trust, which tracks the benchmark U.S. stock...
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BIS sets a limit of 2% on crypto reserves among commercial banks
18. 12. 2022 No Responses

BIS sets a limit of 2% on crypto reserves among commercial banks

Group of Central Bank Governors and Heads of Supervision (GHOS) of the Bank for International Settlements (BIS) sets a limit of 2% on crypto reserves among commercial banks. The new standard limits crypto reserves among banks to 2% by 2025,...
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President Joe Biden announced a $36 billion bail-out of financially troubled pension plans
13. 12. 2022 No Responses

President Joe Biden announced a $36 billion bail-out of financially troubled pension plans

Pension funds need an annual profit of 6 to 7% to function. And how do you achieve that when government bonds have yielded 0 to 2% p.a. for the past 11 years? Yeah, using a government bail-out! The funds are...
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Russia and China bypassing SWIFT
29. 11. 2022 No Responses

Russia and China bypassing SWIFT

Moscow and Beijing are developing a system of settlements which could allow cross-border transactions without using the Western financial messaging system, SWIFT, Deputy Prime Minister Aleksandr Novak revealed on Tuesday. The two countries have reportedly acce...
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Central bank strategies deployed since the financial crisis are destroying the real economy, worsening inequality, and creating societal chaos
20. 11. 2022 No Responses

Central bank strategies deployed since the financial crisis are destroying the real economy, worsening inequality, and creating societal chaos

Nomi Prins warns that central bank strategies deployed since the financial crisis are destroying the real economy, worsening inequality, and creating societal chaos. Economist, journalist, and former Wall Street exec Nomi Prins is here to explain the inexpl...
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New York Fed And 12 Banking Giants Launch Programmable Digital Dollar Test
14. 11. 2022 No Responses

New York Fed And 12 Banking Giants Launch Programmable Digital Dollar Test

Never let a crisis go to waste. With equity and bond markets stuck in brutal bear markets and providing a sufficient distraction to what is happening behind the scenes, the Fed and a group of banks have been quietly preparing...
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WSJ: Caroline Ellison said on the call that FTX used customer money to help Alameda meet its liabilities
12. 11. 2022 No Responses

WSJ: Caroline Ellison said on the call that FTX used customer money to help Alameda meet its liabilities

Citing ‘people familiar with the video’, the WSJ reports that Alameda employees held a video conference late Wednesday Hong Kong time, in which 27-year-old Alameda CEO Caroline Ellison (also known as @carolinecapital) said that she, Bankman-Fri...
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U.S. and EU Pension Funds Could Face Their Own “Lehman Moment”
1. 10. 2022 No Responses

U.S. and EU Pension Funds Could Face Their Own “Lehman Moment”

The Bank of England intervention this week was a result of pension funds potentially having a “Lehman Moment”. Reports noted that pension plans overseas were hastily selling bonds to try and meet margin calls, a scenario that I am certain we are...
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JP Morgan To Cannibalize Its Own Card Revenue In Race To Be First On Pay-By-Bank Processing
25. 9. 2022 No Responses

JP Morgan To Cannibalize Its Own Card Revenue In Race To Be First On Pay-By-Bank Processing

Pay-by-bank processing would abandon costly interchange fees charged by card companies like Visa and Mastercard. “If I hear that any of you aren’t sharing information with each other, or you’re hiding information, you’re fired.” That’s appa...
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Goldman Sachs’ Secrets Spill Out in New Book
2. 9. 2022 No Responses

Goldman Sachs’ Secrets Spill Out in New Book

Simon & Schuster just released a new book by Jamie Fiore Higgins, a woman who worked her entire Wall Street career at one firm. Over the span of just under 18 years, beginning on September 2, 1998 and ending officially...
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Russian ‘De-Dollarization’ Escalates
1. 9. 2022 No Responses

Russian ‘De-Dollarization’ Escalates

Begins “strategic” plan to buy billions In “friendly” currencies. Ever since March 2018, when Moscow dumped practically all of its US Treasury holdings, Russia has been at the forefront of a global process of ‘de-dollarization&#82...
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Banks to pay $1 Billion over traders’ use of WhatsApp
21. 8. 2022 No Responses

Banks to pay $1 Billion over traders’ use of WhatsApp

A handful of Wall Street banks are preparing to pay up to $200m each to settle a case with the Securities and Exchanges Commission (SEC) and the Commodity Futures Trading Commission (CFTC) over the use of WhatsApp messages. The banks...
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PayPal: $15 Billion buyback, new CFO
3. 8. 2022 No Responses

PayPal: $15 Billion buyback, new CFO

PayPal Holdings said on Tuesday Elliott Investment Management has an over $2 billion investment in the company, making the activist investor one of the largest shareholders in the fintech firm. The company also announced a slew of moves including appointing...
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