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Frontrunning: August 1
As we predicted yesterday, the “big” Gaza ceasefire lasted all of a few hours (Reuters) To Lift Sales, G.M. Turns to Discounts (NYT) Espirito Santo Family’s Swift Fall From Grace Jolts Portugal (BBG)...
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Frontrunning: August 15
Barack Obama’s ‘vacation from hell’ (Politico) Russian aid convoy checked; military vehicles mass near Ukraine (Reuters) Ukraine Says APCs Entered From Russia to Aid Insurgents (BBG) Islamic State...
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Frontrunning: September 17
-0.07%: Germany Secures Record Low Funding Cost at Bond Auction (WSJ) Pentagon Sees Possible Role for U.S. Ground Forces Against Islamic State Militants (WSJ) China Joins ECB in Adding Stimulus as Fed...
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Bank Of America Misses Revenue By $2 Billion As Trading Revenue Collapses;...
Following disappointing results from JPM and Wells Fargo yesterday, it was Bank of America’s turn to “surprise” investors with its disclosure just how bad its quarter was. And with the bank reporting a...
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Morgan Stanley Q3 Earnings Crash, Revenues Miss By $1.2 Billion; Volatility...
While the big TBTF banks managed to hide much of their ugly balance sheet exposure, and prevent it from hitting the income statement in Q3 as reported previously, while covering up prop trading losses...
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DVA Is Dead: Banks Will No Longer “Profit” From Collapsing
Nearly 7 years ago, shortly after Mark-to-Market was indefinitely suspended, and Mark-to-Unicorn as we first dubbed it was revealed, we described an odd accounting peculiarity which in the coming years...
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ZeroHedge: What Hedge Funds Bought And Sold In Q4: The Full 13-F Summary
Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Yesterday was the last day for hedge funds to submit their Q4 13-F filings, and the biggest reactions this...
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ZeroHedge: BofA Profit Misses, Tumbles 13% On Trading Revenue Slide, Build In...
Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Expectations of a “less terrible” first quarter for banks may have been premature following yesterday’s...
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ZeroHedge: What The Biggest Hedge Funds Did In Q1: The Full 13-F Summary
Be prepared for the next great transfer of wealth. Buy physical silver and storable food. While far less attention is being paid to hedge fund 13F filings, which show a stale representation of equity...
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Deutsche Bank Tumbles Most In 5 Weeks After Earnings Disappoint Across The Board
On the surface, Deutsche Bank’s results this morning came in better than expected with first quarter earnings more than doubling as Germany’s biggest bank benefited from a pick-up in market activity at...
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