January 9, 2023
“The Swiss National Bank on Monday reported a loss of 132 billion Swiss francs ($143 billion) for the 2022 financial year, citing preliminary figures. It represents the biggest loss in the central bank’s 116-year history and equates to roughly 18%… Continue Reading…
December 6, 2022
“ EDITOR’S NOTE: The problem with policies of inclusivity is that they often construct false environments of tolerance using incompatible elements glued together by a punitive bind of silence. If you think about it, differences in belief are defined by exclusivity; and… Continue Reading…
September 22, 2022
“Turkey’s central bank surprised markets once again with its decision Thursday to cut its key interest rate, despite inflation in the country surging beyond 80%. The country’s monetary policymakers opted for a 100 basis point cut, bringing the key one-week… Continue Reading…
June 29, 2022
“EDITOR’S NOTE: Russia may have defaulted on its sovereign bonds, but don’t take that as a sign of the efficacy of western sanctions. Russia defaulted because the sanctions forced the country into a situation of non-payment, not because it doesn’t have… Continue Reading…
May 5, 2022
“…The Bank’s Monetary Policy Committee approved a 25-basis point increase by a majority of 6-3, taking the base interest rate up to 1%. The Bank said the members in the minority preferred to increase interest rates by 0.5 percentage points… Continue Reading…
November 16, 2021
“…According to the complaint filed in Manhattan federal court, Tesla in 2014 sold warrants to JPMorgan that would pay off if their “strike price” were below Tesla’s share price upon the warrants’ expiration in June and July 2021. JPMorgan (JPM), which… Continue Reading…
October 14, 2021
“Citigroup profit surges 48%, driven by strong trading revenue” https://www.cnbc.com/2021/10/14/citigroup-c-earnings-q3-2021.html “Wells Fargo profit jumps nearly 60% in the quarter, revenue tops expectations” https://www.cnbc.com/2021/10/14/wells-fargo-wfc-earnings-q3-2021.html “Bank of America tops estimates on reserve release, strong advisory and asset management results” https://www.cnbc.com/2021/10/14/bank-of-america-bac-earnings-q3-2021-.html To be… Continue Reading…
September 29, 2021
“JPMorgan CEO Jamie Dimon said that Bitcoin may rise 10 times in price in the next five years. The long-term Bitcoin critic also warned that it would be foolhardy to borrow money to buy Bitcoin. Recently, the bank moved to… Continue Reading…
August 30, 2021
“…Stocks gained in the past week, surging again to new highs Friday after a speech by Federal Reserve Chairman Jerome Powell. The chairman acknowledged that Fed officials expect to taper back their $120 billion a month bond-buying program this year, a… Continue Reading…
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…
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