April 21, 2021
“There was a remarkable disclosure in the latest JPMorgan earnings report: the largest US bank – an entity that historically has best been known for making loans to the broader population – reported that in Q1 its total deposits rose by a whopping 24%… Continue Reading…
April 14, 2021
“Goldman Sachs on Wednesday blew past analysts’ expectations with record first-quarter net profits and revenues on strong performance from the firm’s investment banking and trading businesses. The bank posted per-share earnings of $18.60, crushing the $10.22 estimate of analysts surveyed by… Continue Reading…
April 14, 2021
“JPMorgan Chase on Wednesday reported profit and revenue that exceeded analysts’ expectations on robust trading results and a $5.2 billion benefit from releasing money it had previously set aside for loan losses that didn’t develop. The bank posted first-quarter profit of… Continue Reading…
April 7, 2021
“U.S. Treasury yields were slightly higher on Friday morning, following a better-than-expected March jobs report. The yield on the benchmark 10-year Treasury note climbed to 1.688% at 8:32 a.m. ET. The yield on the 30-year Treasury bond rose to 2.341%. Yields move inversely to… Continue Reading…
March 31, 2021
“Goldman Sachs is close to offering its first investment vehicles for bitcoin and other digital assets to clients of its private wealth management group, CNBC has learned exclusively. The bank aims to begin offering investments in the emerging asset class in the second… Continue Reading…
March 30, 2021
“Global banks may lose more than $6 billion from the downfall of Archegos Capital, sources familiar with trades involving the U.S. investment firm said on Monday, and regulators and investors fear the episode could reverberate more widely. Japan’s Nomura and… Continue Reading…
March 30, 2021
“Investment banks Credit Suisse and Nomura said they would incur significant losses after the U.S.-based hedge fund was forced into a fire sale of assets and defaulted on its margin calls. “The estimated amount of the claim against the client… Continue Reading…
March 29, 2021
“The forced liquidation of more than $20 billion in holdings linked to Bill Hwang’s investment firm is drawing attention to the covert financial instruments he used to build large stakes in companies. Much of the leverage used by Hwang’s Archegos… Continue Reading…
February 18, 2021
“If inflation expectations remain upbeat, they could help to rebalance stock markets, sapping high-growth sectors like technology while boosting long unloved sectors such as financials and energy, which are typically more positively correlated with rising inflation…” https://www.ft.com/content/00c99cd2-7f9a-4a37-bb20-ce8d96f2527f?ftcamp=traffic/partner/feed_headline/us_yahoo/auddev This is extremely… Continue Reading…
February 17, 2021
“Yields on some Treasury bills—short-term securities that mature in a year or less—could temporarily turn negative because of a coming supply crunch, experts say. While they won’t be auctioned by the U.S. at rates below zero, as auction rules prevent that, bills… Continue Reading…
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