Category Archives: Banks

Bank CEOs Says Robots Can Replace Half of Citigroup and Deutsche Bank Employees

Bank CEOs Says Robots Can Replace Half of Citigroup and Deutsche Bank Employees – Mish Talk https://www.themaven.net/mishtalk/economics/bank-ceos-says-robots-can-replace-half-of-citigroup-and-deutsche-bank-employees-TOFCkPm99kCclNNFdi_wVQ/ Re-posted from Mish Talk. Geoff Geoff Comments: The fast food and banking industries are two natural beneficiaries of modern robotics, look for both … Continue reading

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Next Mortgage Default Tsunami Isn’t Going to Drown Big Banks but “Shadow Banks”

Next Mortgage Default Tsunami Isn’t Going to Drown Big Banks but “Shadow Banks” | Wolf Street https://wolfstreet.com/2018/06/17/next-mortgage-default-tsunami-isnt-going-to-drown-big-banks-but-shadow-banks/ Re-posted from Wolf Street. Geoff Geoff Comments: The next round of mortgage defaults may not collapse the Big Banks, but it will surely … Continue reading

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Italy Hit By Biggest Depositor Run Since 2012

Italy Hit By Biggest Depositor Run Since 2012 | Zero Hedge https://www.zerohedge.com/news/2018-06-09/italy-hit-biggest-deposit-run-2012 Re-posted from Zero Hedge. Geoff Geoff Comments: No surprise here…

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“This Is Not Going To End Well” Peter Schiff Warns The US Banking System “Has A Huge Problem”

“This Is Not Going To End Well” Peter Schiff Warns The US Banking System “Has A Huge Problem” | Zero Hedge https://www.zerohedge.com/news/2018-06-03/not-going-end-well-peter-schiff-warns-us-banking-system-has-huge-problem Re-posted from Zero Hedge. Geoff Geoff Comments: The US Banking System spends so much time lying to the … Continue reading

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Deutsche Bank CoCo Bonds Plunge, Shares Hit Record Low, after US Entity Makes FDIC’s “Problem Bank List”

Deutsche Bank CoCo Bonds Plunge, Shares Hit Record Low, after US Entity Makes FDIC’s “Problem Bank List” | Wolf Street https://wolfstreet.com/2018/05/31/deutsche-banks-coco-bonds-are-at-it-again-shares-plunge-to-record-low/ Re-posted from Wolf street. Geoff Geoff Comments: Deutsche Bank, the world’s most incompetently run bank, has its inherent weakness … Continue reading

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As Its Stock Crashes To All Time Low, A Shocked Deutsche Bank Issues A Statement

As Its Stock Crashes To All Time Low, A Shocked Deutsche Bank Issues A Statement | Zero Hedge https://www.zerohedge.com/news/2018-05-31/its-stock-crashes-all-time-low-shocked-deutsche-bank-issues-statement Re-posted from Zero Hedge. Geoff Geoff Comments: Deutsche Bank may be the most incompetent big bank in the world, their corporate … Continue reading

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‘We Have A Problem’ – Deutsche Bank Shutters Houston Office

‘We Have A Problem’ – Deutsche Bank Shutters Houston Office | Zero Hedge https://www.zerohedge.com/news/2018-05-04/we-have-problem-deutsche-bank-shutters-houston-office Re-posted from Zero Hedge. Geoff Geoff Comments: Deutsche Bank needs to consolidate and shrink, it is currently out of management control…

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U.S. to fine Wells Fargo $1 billion — the most aggressive bank penalty of the Trump era

U.S. to fine Wells Fargo $1 billion — the most aggressive bank penalty of the Trump era – The Washington Post https://www.washingtonpost.com/business/economy/regulators-planning-to-slap-wells-fargo-with-1-billion-fine/2018/04/19/ec1f58c6-4415-11e8-ad8f-27a8c409298b_story.html?utm_term=.5d24cf09607d Re-posted from Washington Post. Geoff Geoff Comments: Top officers should have gone to jail…

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Why Aren’t Big Banks Paying Higher Interest Rates on Deposits though Rates Have Surged?

Why Aren’t Big Banks Paying Higher Interest Rates on Deposits though Rates Have Surged? | Wolf Street https://wolfstreet.com/2018/04/15/why-arent-big-banks-paying-higher-interest-rates-on-deposits-though-rates-have-surged/ Re-posted from Wolf Street. Geoff Geoff Comments: As usual, consumers are last to benefit…

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How Much Are Banks Exposed to Subprime? More than we Think

How Much Are Banks Exposed to Subprime? More than we Think https://wolfstreet.com/2018/04/11/how-much-are-banks-exposed-to-subprime-more-than-we-think/ Re-posted from Wolf Street. Geoff Geoff Comments: Banks love to gamble with our money, especially if they are “Too Big To Fail”…  

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