After the Europeans who were asked to present testimony including Deutsche Bank, HSBC and RBS (royal Bank of Scotland) a month back, JP Morgan and more from Barclays were presented subpoenas by US regulators CIti and UBS received subpoenas earlier.…
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Blog Archives
Liborgate: Subpeonas hit big guns on Wall street
US Morning Report: It is the Economy, Mr Bernanke!
The moderate recovery underway in the data seems to wax and wane according to its distance from a scheduled Fed meeting with bad new home sales last week ignored as the Beige Book and now the Personal Income shows a…
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US Economy: Bernanke’s Testimony at the Senate Banking Committee Day 1: No QE3 right now.
Read my Lips. We are the US regulator. We cannot regulate LIBOR which is run by the British. A flabbergasted Ben Bernanke would have probably used those words at home or at his favorite College when delivering a lecture on…
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Tagged with: Ben Bernanke, Bernanke, Federal Open Market Committee, Federal Reserve System, London Interbank Offered Rate, Monetary Policy, United States, United States Senate Committee on Banking Housing and Urban Affairs
Posted in Amitonomics, Bailout Nation, Banking, European Sovereign Debt crisis, housing, Retail Lifestyle, TARP, US
Posted in Amitonomics, Bailout Nation, Banking, European Sovereign Debt crisis, housing, Retail Lifestyle, TARP, US
Bank Results Season: The Citi never burns out of profit (Citigroup reports Q2 2012)
Citi upgrades to B3T1C of 7.9% The latest acronym in town avoids the mouthful Basel III Tier I Capital requirement that has unleashed an unending wave of deleveraging in Europe but seems to have carried along global and US only…
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Tagged with: Asia, Bank of America, Basel, Basel III, Book Value, Capital requirement, Citi, Citigroup
Posted in Amitonomics, Bailout Nation, Banking, US
Posted in Amitonomics, Bailout Nation, Banking, US
Global Mid-Day report: FOMC minutes, London close downward trigger
Equities and Commodities are likely to continue reacting sharply in US markets after the minutes from the June 19,20 meeting were released. The FOMC had shorn US growth projections to 2.3-2.5% in the long term at the meeting and though…
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Tagged with: Burberry, Eric Rosengren, Federal Open Market Committee, FOMC, June, London, Monetary Policy, Singapore
Posted in Amitonomics, Bailout Nation, Banking, housing, Retail Lifestyle, US
Posted in Amitonomics, Bailout Nation, Banking, housing, Retail Lifestyle, US
US Morning Report: Chinese want to buy Hawker Beechcraft, Bob Diamond does not want Barclays pay
Italy added 0.8% in Production on Month though still 6.9% down on year while France revised its may data downward to sho a net 3% degrowth on year and the British 1.2% growth in production on month could not stop…
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Tagged with: Beijing, Bob Diamond, Business, Chapter 11 Title 11 United States Code, European Union, Hawker Beechcraft, India, Italy, June, Marcus Agius, United States
Posted in Bailout Nation, Banking, European Sovereign Debt crisis, Global, US
Posted in Bailout Nation, Banking, European Sovereign Debt crisis, Global, US
The Thursday Fed Update: German Bunds giving US a run for the money Euro translates into hard times for the Dollar
Dollar gets harder ith every Euro tick going don but the Aussie and the Yuan are catching on and that is keeping ( the latter) the US dollar from impoding on itself as US Trade keeps on improving with China…
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The Thursday Fed Update: That money machine called the U.S. of A.
The Fed will not be printing muchmpore money stock of course with US currency in ciruulation at $1.1T. Then there are the $1.6T in Treasuries the Fed will be using to lend to banks and extinguishing from its reserves to…
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US Morning Report: EU Summit disposes of task at hand, Asia in the green
Global moves The Asia story led by India dominated Global markets in early trading and was significantly bolstered by various easing of conditions agreed at the summit by Angela Merkel. Germany suggested almost that all bailout funds be used interchangeably…
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Tagged with: Angela Merkel, EU Summit, European Union, France, Germany, Herman Van Rompuy, Spain, Thursday
Posted in Amitonomics, Bailout Nation, Banking, European Sovereign Debt crisis, US
Posted in Amitonomics, Bailout Nation, Banking, European Sovereign Debt crisis, US
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