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Election prep and Darwinian finance
With the US presidential election on the agenda for next week Tuesday, this weekend is used by all news outlets of the world and really anybody with a n opinion (thanks, internet…) to publish op-eds on...
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A Swiss kind of problem: Credit Suisse splits and gets sued
It’s a pretty epic day for Credit Suisse. The bank announced to split into two units, wealth management and investment banking, squeezing its asset management arm into the former, which had been...
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Splitting up – Barclays reconsiders investment bank, Catalonia favors seperatism
Barclays may have to follow the seemingly unavoidable path of European banks and split. The bank’s shareholders have demanded that new CEO Antony Jenkins should let go of investment banking operations,...
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EU cuts its losses on bank bailouts
The week starts relatively quiet with some news from Europe and last week’s news from Japan. The EU is doing something that could be interpreted as cutting its losses: in a redraft of terms and...
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Judgment day for J.P. Morgan
There won’t be an email on Monday and Tuesday of next week, 18/19 March 2012. Today, the London Whale Senate hearing starts in DC, led by John McCain and including testimony from former CIO Ina Drew...
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Portugal could need second bailout (to pay for the first)
This morning… the Eurogroup is meeting in Dublin; on the menu: stop messing around with bank stress tests (i.e. tighten measures) and the bailout schemes of Portugal and Ireland. Some say even if...
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