Clik here to view.
The Number Of Days In Which JPM Lost Money In All Of 2013 Is…
…. 0 …. Well, what did you expect. However, there's more. First, the reason why the familiar histogram showing the trading days profits (we would say losses but TBTFs don't lose money in the...
View ArticleClik here to view.
Frontrunning: May 2
Ukraine attacks rebel city, helicopter shot down (Reuters) Euro Unemployment Holds Near Record Amid Factory Gains (BBG) Yellen’s Fed Resigned to Diminished Growth Expectations (BBG) Junket Figure’s...
View ArticleClik here to view.
Frontrunning: June 17
Obama to tout manufacturing gains, highlight economic progress (Reuters) Iraq Gunmen Attack North of Baghdad as Obama Weighs Plan (BBG) Chinese Regulators Block Shipping Alliance Abandoned Deal (WSJ)...
View ArticleClik here to view.
Frontrunning: June 30
Facebook Researchers Manipulated News Feeds in 2012 Study (BBG) Argentina at Brink of Default as $539 Million Payment Due (BBG) Hedge fund correlation risk alarms investors (FT) As China Flexes...
View ArticleClik here to view.
Frontrunning: July 19
Fighting erupts in Ukraine as crash investigators arrive (Reuters) Russian Billionaires in ‘Horror’ as Putin Risks Isolation (BBG) Israel kills militants entering from Gaza, death toll tops 500...
View ArticleClik here to view.
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)...
View ArticleClik here to view.
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...
View ArticleClik here to view.
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...
View ArticleClik here to view.
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...
View ArticleClik here to view.
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...
View ArticleClik here to view.
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...
View ArticleClik here to view.
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...
View ArticleClik here to view.
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...
View ArticleClik here to view.
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...
View ArticleClik here to view.
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...
View Article
