A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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Posts Tagged ‘ Assets ’
IRS Cuts Deals- Bruce Krasting
The other day the IRS announced new rules for settling tax liabilities for individuals. It’s a sweet deal. I thought that was interesting. Then yesterday we get an announcement from Altria (MO) that they too have cut a deal with the boys at the IRS. ...
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JPMorgan Losses Give Boost To Sanders’ Bank Bill – International Business Times
International Business TimesJPMorgan Losses Give Boost To Sanders' Bank BillInternational Business TimesBy Laura Matthews: Subscribe to Laura's RSS feed The recent multibillion-dollar trading loss suffered by JPMorgan Chase & Co. (NYSE: JPM...
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Ford Raised to Investment Grade by Moody’s – Bloomberg
Plain DealerFord Raised to Investment Grade by Moody'sBloombergFord Motor Co. (F) was raised to investment grade by Moody's Investors Service, enabling Chief Executive Officer Alan Mulally to reclaim assets including its blue oval logo put up a...
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GLOBAL MARKETS-Shares gain on hopes of action over EU crisis – Reuters
GLOBAL MARKETS-Shares gain on hopes of action over EU crisisReuters... May 22 (Reuters) - European shares joined a global rally in riskier assets on Tuesday and German bond prices fell as hopes grew that European leaders would agree on fresh action to ...
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MARKET WATCH: European crisis weights down oil prices – Oil & Gas Journal
MARKET WATCH: European crisis weights down oil pricesOil & Gas JournalIf the crisis spreads to other countries in the southern Euro-zone, the bill could be much higher.” They noted, “The worsening Euro-zone crisis and other bad economic news have m...
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Repsol Cancels LNG Shipments to Argentina on YPF Seizure – Bloomberg
Globe and MailRepsol Cancels LNG Shipments to Argentina on YPF SeizureBloombergRepsol YPF SA (REP), Spain's largest energy company, canceled nine shipments of liquefied natural gas to Argentina because the government breached contracts following th...
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Yahoo Said in Talks to Sell 20% of Alibaba for $7 Billion – Bloomberg
NEWS.com.auYahoo Said in Talks to Sell 20% of Alibaba for $7 BillionBloombergYahoo! Inc. (YHOO) is in talks to sell about 20 percent of Alibaba Group Holding Ltd. back to the Chinese Internet company for about $7 billion, according to a person with kno...
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JPMorgan’s future losses at the mercy of an obscure index – Reuters
Globe and MailJPMorgan's future losses at the mercy of an obscure indexReutersBy Daniel Wilchins and Carrick Mollenkamp (Reuters) - It's the biggest parlor game on Wall Street: Estimating how large JPMorgan Chase & Co's trading loss wil...
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Japanese, Australian Stock Futures Fall on Greece, Italy – Bloomberg
Globe and MailJapanese, Australian Stock Futures Fall on Greece, ItalyBloombergJapanese and Australian stock futures fell as the political impasse in Greece added to speculation the nation will leave the euro currency union and Moody's Investors Se...
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Stocks, euro drop as deadlock continues in Greece – BusinessWeek
Telegraph.co.ukStocks, euro drop as deadlock continues in GreeceBusinessWeekBy MATTHEW CRAFT A political stalemate in Greece rattled financial markets worldwide on Monday, sending US stocks lower. The price of oil and Treasury yields hit their lowest l...
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Regression to the Mean, JPMorgan Edition | The Baseline Scenario
The performance of anyone doing anything will exhibit regression to the mean. If you do well at something, it’s because of some combination of skill and luck. If JPMorgan came through the financial crisis well, it was some combination of skill and luck. Remember, JPMorgan didn’t have as big a portfolio of toxic assets...
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US Treasurys Rally On Greece Fears; Yields Test Historic Lows – Wall Street Journal
BloombergUS Treasurys Rally On Greece Fears; Yields Test Historic LowsWall Street JournalBy Cynthia Lin Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- The global scramble for safe-haven assets sparked by Greece's political shuffle is firing up deman...
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BHP Decision Looms On US Shale Writedown – Executive – Fox Business
Sydney Morning HeraldBHP Decision Looms On US Shale Writedown - ExecutiveFox BusinessBHP Billiton Ltd. (BHP) will decide later this year on whether the slump in US gas prices will force a writedown on its shale assets there, as it continues to switch i...
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Cablevision 1Q Net Down 45% Following AMC Networks Sale – Wall Street Journal
Dividend.comCablevision 1Q Net Down 45% Following AMC Networks SaleWall Street JournalCablevision Systems Corp.'s (CVC) first-quarter profit fell 45% due to the loss of its former cable-networks division and other assets, though customers increased...
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Basel Seeks Tougher Boundary Between Banking, Trading Books – Bloomberg
AFPBasel Seeks Tougher Boundary Between Banking, Trading BooksBloombergBanks face tougher rules on how they differentiate between assets they keep in their banking and trading books, making it harder to dodge capital rules, under proposals published by...
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SocGen first-quarter fixed-income surge offset by charges – CNBC.com
New York TimesSocGen first-quarter fixed-income surge offset by chargesCNBC.comPARIS (Reuters) - French bank Societe Generale reported a 20.1 percent drop in quarterly net profit, as the cost of selling assets in a weak economy and other one-off charge...
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Lafarge, Anglo U.K. Venture Requires Asset Sales, Regulator Says – Bloomberg
Lafarge, Anglo U.K. Venture Requires Asset Sales, Regulator SaysBloombergAnglo American Plc (AAL) and Lafarge SA (LG)'s proposed $2.9 billion UK venture will need to sell assets as it could harm competition in the market for cement and other constr...
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Pall Corp selling some blood transfusion assets – BusinessWeek
Updated NewsPall Corp selling some blood transfusion assetsBusinessWeekFiltration equipment manufacturer Pall Corp. says it has agreed to sell certain operations and equipment used in blood transfusions to health care company Haemonetics Corp. for $550...
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Korea Revives Plan to Sell Woori Stake – Bloomberg
AFPKorea Revives Plan to Sell Woori StakeBloombergSouth Korea set a July 27 deadline for preliminary bids to buy a stake in Woori Finance Holdings Co., kicking off the government's third attempt to unload its holding in the nation's largest fin...
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Our Counterfeit Economy
The U.S. economy is in effect a counterfeit economy, living on money created from thin air that is unbacked by an equivalent productive expansion of surplus value.
Yesterday we looked at counterfeiting and money printing and discovered they are on...
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Investors Pay to Lend to Germany, Want More From France
January 9, 2012
Investors Pay to Lend to Germany, Want More From France
By REUTERS
BERLIN (Reuters) - Investors paid to lend Germany a combined 3.9 billion euros (3.2 billion pounds) for six months on Monday, accepting a loss in a renewed flight to ...
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A Brave New (Broken) World
I've said it before, and I'll say it again.
The markets are broken.
It's not that they're not functioning on a daily basis, pricing risk and assets and performing their price discovery duties. They are doing that - or at least trying to.
Those are the little, daily...
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For Central Bank Balance Sheet Wonks- Assets Must Equal Liabilities + Capital
The judgment that such and such a policy was the right choice in current exceptional
circumstances should not make us complacent about possible medium-term risks arising
from such a significant shift in the size and composition of central bank balanc...
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Part 2: Hyper-Hypothecation Madness
Wednesday, December 14, 2011
Part 2: Hyper-Hypothecation Madness
"A prime broker need not even require that an investor sign all agreements with a European subsidiary to take advantage of the re-hypothecation loophole. As a result of these peripheral...
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Journalists Jumping To Conclusions Can Get Contusions
Pedro da Costa, maybe the smartest and best reporter covering the Fed, and who seems like a good guy, has a blog post out today suggesting that the $50 billion ECB dollar lending operation today will cause the Fed’s balance sheet to expand. He’s piggy backing on Mike Derby’s column in the Wall Street...
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Portugal raids public pension fund, joining Ireland & Hungary..
UK Telegraph
Excerpt:
The cabinet agreed to transfer the assets from four of Portugal’s biggest banks to the state balance sheet.
The assets will be used to bridge a gap needed to meet the fiscal deficit target of 5.9pc of GDP set by the terms of...
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The Need For An Independent Investigation Into JP Morgan Chase- Simon Johnson- The Baseline Scenario
By Simon Johnson JPMorgan Chase is too big to fail. As the largest bank-holding company in the United States, with assets approaching $2.5 trillion as reported under standard American accounting principles, it is inconceivable that JPMorgan Chase would be allowed … Continue reading →
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