Browsing Tag
Banks
Wrong time to get bullish: Top investor warns deflating tech ‘bubble’ far from over
The recent tech rally may be doomed.Money manager Dan Suzuki of Richard Bernstein Advisors warns the market is far from bottoming — and it's a concept investors fail to grasp, particularly when it comes to growth, technology and…
ECB to discuss blocking banks from multibillion-euro windfall as rates rise
The European Central Bank is looking at ways to stop banks earning billions of euros of extra profit from the ultra-cheap lending scheme it launched during the pandemic once it starts to raise interest rates later this month.The…
Forget rate hikes, these analysts are predicting interest rate cuts next year
Some central bank watchers believe the Fed and the ECB will have to stop their tightening cycles because of an upcoming recession.Olivier Douliery | AFP | Getty ImagesCentral banks around the world might have embarked upon a path of…
Fund manager says this stock is so cheap it makes ‘no sense’
Trying to buy the dip in a beaten down market might feel similar to stepping into a clearance sale at your favorite store — everything's on sale and screams "buy." But with no guarantee that the recent uptick in markets is anything more…
Banks rally after stress test, Bank of America underperforms
Bank of America, JPMorgan, Citi seen upping capital buffersHigher capital buffer leaves less cash for buybacks, dividendsWells buffer seen unchanged, Discover Financial improves mostS&P financial index has biggest one-day pct gain…
Russian commodities traders replace Switzerland with Dubai
Traders of Russian commodities are rushing to set up businesses in Dubai as Switzerland makes it increasingly challenging for them to deal with Moscow.
Switzerland has for decades been home to middlemen helping to match Russian producers…
World Bank says Nigeria’s central bank’s low-interest loans undermine commercial banks
The World Bank has stated that the Central Bank of Nigeria’s low-interest loans undermines commercial banks that lend on a risk-adjusted pricing basis and needs to be dialled down
This was disclosed by the World bank in a…
Banks are still not your friends
Alex Mashinsky used to like to tell people that “banks are not your friends”. Banks stopped caring about their depositors, he said, and haven’t innovated since the automatic teller, a line he borrowed from former Federal Reserve…
The week central banks spooked the markets
This article is an on-site version of our Disrupted Times newsletter. Sign up here to get the newsletter sent straight to your inbox three times a weekGood eveningGlobal stock markets today were on track for their worst week since…