Banks Want Another Account to Disguise Their Risky Trades

By: Wednesday August 29, 2012 12:58 pm

Whither the Volcker rule? After a flurry of discussion about it in the wake of JPMorgan Chase’s Fail Whale trades, we’ve heard significantly less of late. In fact, regulators blew through a July deadline on finalizing the Volcker rule. The last word we had was that the deadline was pushed back to the end of [...]

Banks Continue to Wriggle Out of New International Standards

By: Tuesday January 10, 2012 8:55 am

Major banks caught a break when federal regulators determined that financial institutions could plunge below international liquidity levels in the event of a financial crisis. Banks will be allowed go below minimum liquidity levels set by global regulators during financial crises to avoid cash-flow difficulties. “During a period of stress, banks would be expected to [...]

ECB Shows the Bazooka, Targeting Liquidity

By: Thursday December 8, 2011 7:35 am

The European Central Bank pulled out some of its arsenal today, lowering its benchmark lending rate to 1% and “relaxing” collateral standards for lending to banks. This action highlights the dichotomy between what measures elites will proffer to banks versus what they will give to the people of the affected countries on the European periphery, [...]

Central Banks Providing Cheap Loans to Euro Banks

By: Thursday September 15, 2011 8:15 am

European bank stocks bounced back today, and at first the reason given was a reassurance based on a new commitment from France and Germany to back Greece, help them avoid default and keep them in the euro zone. But I’m not sure when France and Germany ever wavered on this publicly. Privately, there have been [...]

French Banks Squarely at Risk in Euro Debt Crisis

By: Wednesday September 14, 2011 6:55 am

The big story out of Europe today is not about Greece or Portugal or Italy or any of the PIIGS states. It’s about French banks. To be sure, Greece remains on the brink of default, and European leaders are desperate to manage that. But understand that financing the Greek bailout has everything to do with [...]

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