The Worden Report | Expertise in reducing the tax US banks pay in Europe does not make up for the greater ineptitude at those banks, so there is a significant possibility that they will go under.
$25 billion US mortgage settlement: not quite there yet
NEW YORK | It would be great news for hundreds of thousands of people: billions of dollars (an estimated $25 billion) in aid to homeowners who have lost their homes to foreclosure or who are still at risk. The money would come from big mortgage banks: Bank of America, JP Morgan, Wells Fargo, Citigroup and [...]
Sorry, why are US banks’ credit default swaps going up?
In spite of appetite for US banks being healthy and at the top of the S&P upward trend, their CDS keep rocketing, too, at quite a pace (+7,72% on Thursday). The graph pictures the changes from May-June. We fear is a correlation effect from what’s happening to Chinese banks. Details from Barclays Capital: “China closing [...]
Time to charge against Basel III, says Mr Dimon
NEW YORK | Financial Times’s interview with Jamie Dimon was intended to create momentum. JP Morgan’s chief executive is now attacking new banking rules by Basel committee, trying to convince against the new regulation to water down Basel III the same way the major US banks have lobbied in Washington to water down Dodd-Frank Act, Obama’s [...]
