Friday Headlines: Fed seen stopping rate hikes, survey says
Bloomberg: Fed Seen Ending Its 15-Month Hiking Campaign in Economist Survey Financial Times: UBS finalises $10bn deal with Swiss government over Credit Suisse losses Bloomberg: Ex-Barclays…
Home investors find out what happens when interest rates rise
BACK TO REALITY: Funny things sure can happen when interest rates stop being rigged: “INVESTORS SLAM BRAKES ON U.S. HOME PURCHASES AS PROFITS DRY UP “With…
Thursday Headlines: Rate-hike fears haunt bond traders
Bloomberg: Bonds Everywhere Suffer as Rate-Hike Fears Swamp Traders Financial Times: BlackRock grows private credit business with Kreos acquisition Wall Street Journal: SEC’s Gensler Had Crypto…
Join Us Today and Tomorrow for the Digital Account Opening Summit
Narmi’s Audrey Song writes: Join us today and tomorrow for the Digital Account Opening Summit 2023. It’s an annual event designed to keep community financial institutions…
Wednesday Headlines: Banks brace for $1 trillion in new Treasury issuance
Financial Times: US Treasury’s $1tn borrowing drive set to put banks under strain Bloomberg: Wall Street’s Once-Hot Trades of 2023 Are Unraveling in Markets Wall Street…
A survey’s bears way outnumber bulls. Good!
SECOND-LONGEST BEARISH STREAK: Just 28.6% of consumers surveyed by the Conference Board expect higher stock prices over the coming year, while 37.5% expect lower prices, resulting in…
Tuesday Headlines: Coinbase sued by SEC
Bloomberg: Coinbase Sued by SEC for Breaking US Securities Rules Financial Times: Venture capital giant Sequoia to spin off China business Wall Street Journal: Interest-Only Loans…
Companies need to stop with earnings-guidance nonsense
ENOUGH ALREADY: Ugh. Wall Street’s and corporate America’s obsession with quarterly earnings kabuki really is pointless. “[Researchers at the University of Iowa] conducted in-depth interviews with some financial managers, most of…
Monday Headlines: Banks brace for CRE losses
Financial Times: US banks prepare for losses in rush for commercial property exit Wall Street Journal: Wall Street Backs Off Bets on Fed Rate Cuts Bloomberg:…
Three cheers for the gaming of Libor
A CONVENIENT FICTION: Hang on. Is anyone surprised that at the depth of the 2008 credit crunch, when banks basically had no clue what their counterparties’…