War of the roses: IMF vs EU
There won’t be a news brief tomorrow, Wednesday, 14 November 2012. Everything seems a bit unsettled today: the EU and the IMF had there biggest falling out yet, Swiss banks face more fraud...
View ArticleAll talk, no results, but at least Glencore is happy.
If things continue like this, I’m going to start making news up. I hear it works for The Sun. Japan’s exports to China fell by 12% in October, amounting to JPY948bn ($12bn) or the largest monthly trade...
View ArticleSplitting 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,...
View ArticleThe unexpected: A deal for Greece, a Canadian for the BoE
The Eurogroup has completed its first successful Greece-related meeting measured by the measurability of its results. In short: we got a deal. It’s not a haircut (go Germany!), but it’s not far from...
View ArticleGo team Draghi
So we got ourselves a banking union. That is surprising for a number of reasons. First of all, the Eurogroup struck a deal. Secondly, the Eurogroup struck said deal before the deadline. Finally,...
View ArticleLeadership: Obama’s 2nd term and maybe Merkel’s last
There won’t be a newsletter tomorrow, Tuesday, 22 January 2013. In the US, which is closed for Martin Luther King day today, President Obama has officially been sworn in again, commencing his second...
View ArticleCyprus to exit the news
Over the weekend… actually right before, Fitch but the UK on its watchlist for downgrades. The United States Congress is working on reforming the taxability of debt and equity, changing the traditional...
View ArticleCypriot capital controls, EU templates and Japanese QE
Yesterday… Cyprus‘ President Nicos Anastasiades announced that the country’s banks are going to stay closed until Thursday (again: which Thursday…) and that capital controls will be put in place until...
View ArticlePortugal 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...
View ArticleLibor 2.0 and a £10bn UK-US trade agreement
Over the weekend… we saw the first proposal for a Libor reform from Martin Wheatley of the FCA (Financial Conduct Authority and successor of the FSA), who told the FT about the Libor 2.0, which could...
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