fbpx

swiss banks

Business End of the ‘Dollar’, Updated

By |2015-09-14T16:39:47-04:00September 14th, 2015|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

I think the dominant feature of August was rising interbank “dollar” rates; everything that followed out in the open was traced to “whatever” was taking place in funding markets. Repo rates shot upward, as did unsecured LIBOR (leading to serious credit risk implications via TED). All that led into the yuan crisis escalating beyond the PBOC’s rather limited control (which [...]

Swiss Eurodollar Anecdotes Upon Dark Leverage

By |2015-07-28T15:42:16-04:00July 28th, 2015|Economy, Federal Reserve/Monetary Policy, Markets|

It will be a few more days before the major banks release their quarterly balance sheet figures for Q2. We already know from their earnings reports that money dealing is no longer much of a high priority for global banks, as it is, quite simply, no longer profitable. Commentary still dwells on that as a matter of Dodd-Frank, Basel III [...]

Go to Top