Category: Banks / Funds

China Injects $1 Trillion In Biggest Monthly Credit Surge On Record
9. 2. 2022 No Responses

China Injects $1 Trillion In Biggest Monthly Credit Surge On Record

While Wall Street is being torn apart by fierce debate whether the upcoming “six or seven” in rate hikes coupled with $2.5 trillion in QT over the next two years will blow up US capital markets, overnight China showed how...
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China & Russia are ready to end US dominance of global finance
19. 12. 2021 No Responses

China & Russia are ready to end US dominance of global finance

Russian President Vladimir Putin held extensive talks with his Chinese counterpart, Xi Jinping, earlier this week, with the two world leaders agreeing on plans to establish a new shared international financial framework. China and Russia have been gradually mo...
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Bitcoin-Backed Bonds Are Coming To Wall Street
4. 12. 2021 No Responses

Bitcoin-Backed Bonds Are Coming To Wall Street

Goldman Sachs, and a handful of othe tier-one US banks, are figuring out how to use bitcoin as collateral for cash loans to institutions, according to three people familiar with the plans. Emulating tri-party repo type arrangements (a way of...
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The Taper Begins
13. 11. 2021 No Responses

The Taper Begins

After announcing it would do it two weeks ago, day ago the NY Fed published its first post-taper POMO schedule, which sees a drop from $80 billion in TSY purchases, a number which had been flat ever since the spring...
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Lira Crashes To All Time Low
22. 10. 2021 No Responses

Lira Crashes To All Time Low

Turkey’s Central Bank cut its one-week repo rate by 200bps, from 18% to 16%, double what consensus expected (15 of 26 economists in Bloomberg’s survey expected 17.00%, with the rest expecting a 50bps cut), arguing inflation is “transitory” if adding t...
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Global Central Banks Have Bought $834mn of Financial Assets Every 60 Minutes
27. 8. 2021 No Responses

Global Central Banks Have Bought $834mn of Financial Assets Every 60 Minutes

While most sellside analysts and strategists are throwing in the towel as the market continues its relentless meltup (one which according to Goldman is becoming increasingly “painful” for the bank’s institutional clients most of whom have ...
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ETF Money Inflows Set To Smash Record In 2021
17. 7. 2021 No Responses

ETF Money Inflows Set To Smash Record In 2021

2021 is set to smash records, with $488.5 billion and counting moving into ETFs in just 7 months so far this year, far surpassing the previous full year record of $497 billion from 2020, according to Bloomberg. The move comes at...
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The FED: They Cannot End Quantitative Easing
1. 7. 2021 No Responses

The FED: They Cannot End Quantitative Easing

When the economy was shut down in March 2020, the government responded with massive fiscal and monetary support. The fiscal stimulus totaled $4T+ in relief packages. All of this spending was paid for with debt issued by the Treasury. The...
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These 3 Giant Financial Entities Control 88% Of S&P 500-Listed Companies
3. 6. 2021 No Responses

These 3 Giant Financial Entities Control 88% Of S&P 500-Listed Companies

There is no question that large corporations absolutely dominate our society today.  They control what we eat, they control what we watch on television, they own most of the stores that we shop at, they provide the energy that our...
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JPMorgan, Wells Fargo Starts Credit Cards For People With No Credit Scores
13. 5. 2021 No Responses

JPMorgan, Wells Fargo Starts Credit Cards For People With No Credit Scores

After a year of clamping down on new credit card, mortgage, and commercial loan issuance in the aftermath of the COVID pandemic, US commercial banks are planning to issue credit cards to people with no credit scores. WSJ reports JPMorgan, Wells...
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Goldman Sachs announces a new crypto trading team
8. 5. 2021 No Responses

Goldman Sachs announces a new crypto trading team

Goldman Sachs has informed employees of a new cryptocurrency trading desk. It is the first time the US bank has formally acknowledged involvement in crypto-trading. The crypto team will report to Goldman partner, Rajesh Venkataramani. Goldman Sachs formally a...
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JP Morgan launches Bitcoin Fund for rich clients after years of bashing cryptos
26. 4. 2021 No Responses

JP Morgan launches Bitcoin Fund for rich clients after years of bashing cryptos

Ever since JP Morgan CEO Jamie Dimon first denounced bitcoin way back during the heady crypto-rally of 2017 (shortly before analysts revealed that JP Morgan’s asset-management arm was seemingly buying the dip on behalf of its wealthy clients via a...
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IMF Introduces World Currency
6. 4. 2021 No Responses

IMF Introduces World Currency

It is no joke, something big happened last week. The IMF is going to give out loans in SDR. Special Drawing Rights are IMF’s currency. By itself, they’re nothing special, but the IMF has always lent in U.S. Dollars. That they are...
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The 15th Century Medici Bank Is Getting A 21st Century Re-Launch
23. 3. 2021 No Responses

The 15th Century Medici Bank Is Getting A 21st Century Re-Launch

The 15th century Medici Bank is getting a 21st century re-launch and also will serve crypto sector. The Medici Bank name, most notably associated with the 15th century banking giant in Italy that, at the time, was the largest and...
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Treasury Injects A Record $271 BIllion In Cash In One Day
19. 3. 2021 No Responses

Treasury Injects A Record $271 BIllion In Cash In One Day

A month ago analysts noted that in line with the Treasury’s forecast for huge net debt drawdown in the current quarter, a record $1.1 trillion in cash and reserves was about to hit the market. Fast forward to today when...
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