New York | Over the past several months, news reports have suggested that the global auto industry is about to disappear.
Bank earnings are falling and have been since last year. But hold that thought…
New York | Did Goldman Sachs (GS) and Apple Inc. (AAPL) discriminate against women in the provision of credit on the new accounts for the Apple Card?
Poor asset returns, expensive funding, geographic diversity in all of the wrong places, limited liquidity and the world’s biggest derivatives book somehow just doesn’t do it for us.
New York | Last week we pondered the fate of Citigroup (C) and several other global banks that have lost their raison d’être
New York | The Federal Open Market Committee cut the target for short-term funds another quarter point last night, raising the question as to whether the central bank can actually defend the 1.75% upper bound of the new policy range. Fact is, demand for short-term funding is pulling rates higher as the year draws to a close.
New York | In the last issue of The Institutional Risk Analyst, “Elizabeth Warren Wants to Crash the Global Financial Markets,” we talked with Ralph Delguidice about why the spread differential between the dollar markets and other liquid offshore markets is thwarting efforts by the Federal Open Market Committee to restore liquidity in domestic money markets.
Ft. Myers | Sisyphus is a figure from Greek mythology. For sins in mortal life, he was punished by Zeus to forever roll a boulder up a hill in the depths of Hades, only to see it to roll down again. The Federal Open Market Committee is essentially trapped in the torment of Sisyphus.
The Street has continued to retreat from previous estimates of bank earnings made just a few months ago.
The Federal Open Market Committee has now completely reversed its 2018 policy goals
