31 Jan 2013

Deutsche Bank - Vorwaerts mit Achleitner?

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The write-offs published in DB's results show that despite all the market-leading positions the Bank may have in certain business segm...

Derivative Trading - prone to abuse, fraud

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As little - or even no - cash changes hands when transactions in derivatives (especially those conducted " Over-the-Counter") are...

Nomura - profits still weak

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The 9-month results for Nomura Holdings offer a slightly more positive picture but given the generally favourable market conditions experi...
23 Jan 2013

Derivatives: Instruments of Mass Destruction?

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Another day, another disclosure of a massive derivative loss. Given the astronomical amount of outstanding (OTC) derivative contracts (and ...
16 Jan 2013

Goldman: plays a simple game better than most

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Quarterly figures just released by Goldman Sachs this morning demonstrate (again) that the firm plays - what should be a simple game - bett...

JP Morgan: Review of the 'Whale' Trades

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Nothing but a very thorough review of the losses made by the 'Whale' was to be expected but one still has to wonder how much good th...
11 Jan 2013

UK: Hellbent on destroying its banks?

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Readers know my scepticism with respect to the LIBOR witch hunt (and the PPI/payment protection insurance brouhaha that is completely blown ...
10 Jan 2013

Libor Trades - Simplistic Calculations

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Reports about the profits that Deutsche Bank is supposed to have made (where can we finally expect to see a hard copy of dollars and cents?...
17 Dec 2012

Banks: Time to get out of Europe!

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Recently 500 (in words: five hundred!!) policemen were delegated to conduct a search at Deutsche Bank's headquarters. Anyone with half ...
14 Dec 2012

Merger Blues: Another day, another Write-off

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Now it is Legg Mason's turn to eat humble pie and write off a major junk of its investment in Permal , the hedge fund group. No blame s...