How zero interest-bearing deposits are protecting Bank of America from its underwater securities portfolio
Continue reading..How zero interest-bearing deposits are protecting Bank of America from its underwater securities portfolio
Continue reading..The seven biggest money market funds used the Fed’s overnight repo facility to help boost their assets by 50% in just 18 months, while bank deposits have plunged. Now, with quantitative tightening, their strategy is changing.
Continue reading.."The final banking crisis, which terminated in the banking holiday early in March 1933" - So begins a dark passage in Milton Friedman and Anna Schwartz's Monetary History of the United States, which last Friday arose from ancient slumbers in the eastern Mediterranean. The turmoil sparked by the proposed tax on Cyprus bank depositors makes…
Continue reading..
The bank may look profitable to shareholders, but ...
Bond investors have started to notice France's pol...