Category Archives: Banks

Russell Napier: “Turkey Will Be The Largest EM Default Of All Time”

Russell Napier: “Turkey Will Be The Largest EM Default Of All Time” | Zero Hedge https://www.zerohedge.com/news/2018-08-13/russell-napier-turkey-will-be-largest-em-default-all-time Re-posted from Zero Hedge. Geoff Geoff Comments: Likely to cause a default contagion of EU banks…

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“Self-Fulfilling Contagion”: This Is The Worst Case Scenario For Turkey

“Self-Fulfilling Contagion”: This Is The Worst Case Scenario For Turkey | Zero Hedge https://www.zerohedge.com/news/2018-08-11/worst-case-scenario-turkey Re-posted from Zero Hedge. Geoff Geoff Comments: The could crater the EU banks… Turkey could bring down all of the EU…

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Turkish Banks Scramble to Stave Off Debt Crisis, as Lira Plummets

Turkish Banks Scramble to Stave Off Debt Crisis, as Lira Plummets | Wolf Street https://wolfstreet.com/2018/08/07/turkish-banks-scramble-to-stave-off-debt-crisis-as-lira-plummets/ Re-posted from Wolf Street. Geoff Geoff Comments: It is looking like there is no way out…

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It Just Doesn’t Let Up with Wells Fargo

It Just Doesn’t Let Up with Wells Fargo | Wolf Street https://wolfstreet.com/2018/08/06/wells-fargo-rap-sheet-new-investigation-low-income-housing-tax-credits/ Re-posted from Wolf Street. Geoff Geoff Comments: Are they actually as incompetent as they seem?

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Wells Fargo Says Hundreds Of Customers Lost Homes Because Of Computer Glitch

Wells Fargo Says Hundreds Of Customers Lost Homes Because Of Computer Glitch « CBS Philly https://philadelphia.cbslocal.com/2018/08/04/wells-fargo-says-hundreds-of-customers-lost-homes-because-of-computer-glitch/ Re-posted from CBS. Geoff Geoff Comments: Over the past few years Wells Fargo has proven itself to be quite incompetent…  And it has been … Continue reading

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AI IN BANKING AND PAYMENTS: How artificial intelligence is cutting costs, building loyalty, and enhancing security across financial services

AI IN BANKING AND PAYMENTS: How artificial intelligence is cutting costs, building loyalty, and enhancing security across financial services – Business Insider https://www.businessinsider.com/ai-in-banking-and-payments-report-2018-2?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+businessinsider+(Business+Insider)&utm_content=FeedBurner+user+view Re-posted from Business Insider. Geoff Geoff Comments: The best application of AI to date…

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Black: Guess Which Bank Just Froze My Funds Over A Simple Transfer

Black: Guess Which Bank Just Froze My Funds Over A Simple Transfer | Zero Hedge https://www.zerohedge.com/news/2018-07-05/black-guess-which-bank-just-froze-my-funds-over-simple-transfer Re-posted from Zero Hedge. Geoff Geoff Comments: Wells Fargo seems to have lost its sense of right and wrong…

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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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