Category: Banks / Funds

Money-Market Fund Assets Hit Record Highs, Banks See Large Deposit Outflows
15. 8. 2024 No Responses

Money-Market Fund Assets Hit Record Highs, Banks See Large Deposit Outflows

Money-market funds saw a second week of significant inflows (+$28.4 Billion) which together with the prior week’s $52.7 Billion, pushed total MM assets under management to a new record high of $6.216 Trillion. Large banks saw $73.5 Billion of deposit...
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Top 50 Largest Banks
23. 3. 2024 No Responses

Top 50 Largest Banks

In this graphic, Visual Capitalist list the top 50 banks in the world by consolidated assets, based on a 2023 report from S&P Global Market Intelligence. The data represents each bank’s total assets for the most recent period available. According...
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Financial Times: Banks Terminate 61,905 Workers
27. 12. 2023 No Responses

Financial Times: Banks Terminate 61,905 Workers

A new report from the Financial Times shows twenty of the world’s largest banks slashed 61,905 jobs in 2023, a move to protect profit margins in a period of high interest rates amid a slump in dealmaking and equity and...
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BoE Holds Rates At 15 Year High, Warns “Still Some Way To Go”
14. 12. 2023 No Responses

BoE Holds Rates At 15 Year High, Warns “Still Some Way To Go”

But rate-cut expectations are rising nevertheless. The Bank of England – as was expected – held interest rates steady at 5.25% (in a 6-3 vote – also expected, with Greene, Haskell, and Mann all pushing for another 25bps hike). With rates at...
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JPMorgan: Americans running out of savings
6. 12. 2023 No Responses

JPMorgan: Americans running out of savings

Marko Kolanovic from JPMorgan warned: “It is likely that only the top 1% of consumers by income will be better off than before the pandemic,” he warned, noting the recent surge of credit card and auto loan delinquencies and a...
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Fidelity files for spot Ethereum ETF
17. 11. 2023 No Responses

Fidelity files for spot Ethereum ETF

Fidelity Investment has filed for a spot ether ETF, following its spot bitcoin ETF application. Asset management giant Fidelity Investment has filed for a spot ether ETF, in the footsteps of its spot bitcoin ETF application. “To this point, approval...
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Wells Fargo customers report missing deposits
4. 8. 2023 No Responses

Wells Fargo customers report missing deposits

Deposits disappear from Wells Fargo accounts. For the second time this year, Wells Fargo acknowledged that deposits were not showing up in customers’ accounts. In an emailed statement Friday morning, a Wells Fargo representative said the issue was affect...
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BIS To Use AI To Monitor Global Bank Transactions For “Money Laundering”
3. 6. 2023 No Responses

BIS To Use AI To Monitor Global Bank Transactions For “Money Laundering”

As the IMF is currently gearing up to introduce its new global CBDC system called the UMU (also known as the Unicoin), The Bank for International Settlements (BIS) has been busy with multiple projects designed to centralize all international banks...
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New Global Currency Unveiled: The Universal Monetary Unit
16. 4. 2023 No Responses

New Global Currency Unveiled: The Universal Monetary Unit

New digital asset the Universal Monetary Unit, also known as Unicoin, is an international central bank digital currency that has been designed to work in conjunction with all existing national currencies. The IMF did not create this new currency, but...
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Major global powers ditching the U.S. dollar
6. 4. 2023 No Responses

Major global powers ditching the U.S. dollar

The global trend of substituting the US dollar with local currencies in the trade of goods and transactions has been on the rise, with countries hoping to reduce their dependence on Washington and prevent it from further exploiting its power...
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‘Dr. Doom’: Most US banks are “technically near insolvency,” with hundreds already “fully insolvent.”
2. 4. 2023 No Responses

‘Dr. Doom’: Most US banks are “technically near insolvency,” with hundreds already “fully insolvent.”

Renowned economist Nouriel Roubini, who predicted the global financial crisis of 2008 caused by fraudulent MBS, has issued a grim assessment of US banking sector’s status. In an opinion piece for Project Syndicate, Roubini, nicknamed ‘Dr. Doom’ by Wa...
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Bank Run Drains $550 Billion In Deposits In One Week
18. 3. 2023 No Responses

Bank Run Drains $550 Billion In Deposits In One Week

It seems that QT Is Essentially Over. The Fed Since 2020: 1. Mar 2020: Inflation won’t be a problem 2. Jan 2021: Inflation is “transitory” 3. Sept 2021: Interest rates won’t rise until 2024 4. Jan 2022: Recession is needed...
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Moody’s Downgrades Entire U.S. Banking System
14. 3. 2023 No Responses

Moody’s Downgrades Entire U.S. Banking System

Late Monday, the credit rating agency, Moody’s, downgraded the entire U.S. banking system outlook to negative from stable. This important message was widely suppressed, as if on orders from agents in command. Ttao’s reaction from Moody’s suggests...
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Banks Plunge, Futures Tumble As Analysts Realizes Latest Bailout Is Insufficient
13. 3. 2023 No Responses

Banks Plunge, Futures Tumble As Analysts Realizes Latest Bailout Is Insufficient

Goldman Sachs calling a pause in the Fed’s hiking cycle, 2Y yields have plummeted a staggering 50bps, suffering the biggest 2-day drop since Black Monday in October 1987. Most US banking stocks cede early gains to trade around flat or...
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Central Banks Around The World Are Suffering Heavy Losses
5. 3. 2023 No Responses

Central Banks Around The World Are Suffering Heavy Losses

Central bank balance sheets, bloated by a decade of monetary manipulation, now yield less than overnight interest rates. That gap is producing staggering losses for the very same central bankers responsible for creating it. One such example: The German Bundes...
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