The Moody’s bank downgrades
New York, June 21, 2012 — Moody’s Investors Service today repositioned the ratings of 15 banks and securities firms with global capital markets operations. The long-term senior debt ratings of 4 of...
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‘I ain’t dead’— US bank holding companies
Click for Goldman’s ‘living will ‘ for regulators, listing how it would try to resolve by selling parts of its business under bankruptcy: Continue reading: ‘I ain’t dead’ — US bank holding companies
View ArticleJPMorgan Whale loss $4.4bn, *restates* Q1
*JPM $4.4B PRETAX LOSS FROM CIO TRADING LOSS *JPMORGAN 2Q EPS EX-DVA $1.09, EX ALL GAINS 67C, EST. 76CContinue reading: JPMorgan Whale loss $4.4bn, *restates* Q1
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Citi’s Q2
Net income down 12 per cent to $2.9bn, a sombre investment banking performance – equities revenue down 29 per cent on the year – while in releasing loan loss reserves… Continue reading: Citi’s Q2
View ArticleVaRy unwound
JP Morgan’s second-quarter 10-Q is out – and so is its restated filing for the first quarter. Of course, the bank has already opened the kimono (as Jamie Dimon might say) on the unwinding – and...
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Carry on bank credit
US banks as one of the last big carry opps, really? Chart via Ralph Axel at BofA Merrill Lynch: Continue reading: Carry on bank credit
View ArticleAs good as Goldman?
Goldman’s Q3 is out, and it’s raised the roof in trading / the dividend: The Board of Directors of Group Inc. increased the firm’s quarterly dividend to $0.50 per common share from $0.46 per common...
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Another day, another BofA mortgage suit
Although actually, this is being touted as “the first civil fraud suit brought by the Department of Justice concerning mortgage loans sold to Fannie Mae or Freddie Mac,” directed at Countrywide/BofA....
View ArticleGive me Basel III, but not yet
Fresh from the Fed. (And FDIC, and OCC) Continue reading: Give me Basel III, but not yet
View ArticleTAG, you’re zero
Quite the rally in T-bills… continuing apace on Friday, now that the Transaction Account Guarantee has become increasingly, quietly, talked about in the past tense ahead of a year-end renewal deadline....
View ArticleJPM: stress is what other banks feel
A grateful hat tip to the FT’s Shahien Nasiripour for constructing and sending us the following basic spreadsheet. It shows the discrepancy between the Fed’s estimates of how the largest banks would...
View ArticleThe annual CCAR results clown show
To summarise: 1) Fed objected to their capital plans: Ally Financial and BB&T.Continue reading: The annual CCAR results clown show
View ArticleGlass-Steagall, reanimated
PROHIBITION AGAINST TRANSACTIONS INVOLVING STRUCTURED OR SYNTHETIC PRODUCTS.—Continue reading: Glass-Steagall, reanimated
View ArticleUS housing’s resilience
The Q2 results from Wells Fargo and JP Morgan have again raised the issue of declining mortgage refinancings (if rates stay elevated), along with spurring more general worries about the housing market....
View ArticleWhose overconfident banks are these?
Here’s a list from the Federal Reserve of good and bad practices by bank holding companies tasked with planning how to stay capitalised under its stress tests and big forward-looking capital reviews....
View ArticleFriday banks chart, Italian-American edition
OK, one country can print in its own currency, while the other can’t. There is also no suggestion of an intimate circle of support in the US by which banks and the government prop each other up (as...
View ArticleA simpler JPMorgan
We have meaningfully simplified the company… – Jamie Dimon’s 38-page letter to JPMorgan shareholders, April 8 2015Continue reading: A simpler JPMorgan
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