ICYMI, People’s Bank of China open market outright reverse repo operations facility
ICYMI, China’s central bank, the People’s Bank of China, has to use it to trade with primary dealers in open market operations on a monthly basis PBCO says it’ll maintain…
Read More »Morgan Stanley cuts dozens of investment banking jobs in Asia-Pacific, sources say
Original source: https://www.investing.com/news/stock-market-news/morgan-stanley-to-cut-around-50-investment-banking-jobs-in-asiapacific-sources-say-3381291
Read More »Dark days are coming for US commercial real estate and the banks holding the loans
The banking worries in the US this week were triggered by: New York Community Bancorp cutting its dividend on higher capital rules and commercial strain A Japanese bank reporting unexpected…
Read More »Bank of America cuts Hong Kong investment banking team amid market challenges
Original source: https://www.investing.com/news/stock-market-news/bank-of-america-cuts-hong-kong-investment-banking-team-amid-market-challenges-93CH-3281166
Read More »Five risks for the Canadian dollar in 2024
1) House prices Eight weeks ago, we might be having a very different conversation about Canadian housing. Yields were rising and central banks were offering no hints about cutting rates….
Read More »What is the Volcker Rule? Implications for Day Traders
The Volcker rule is an important part of the banking sector that came after the Global Financial Crisis (GFC) as policymakers worked to protect customers from another collapse. The rule…
Read More »Market Update – October 31 – Stocks Down & Yen plummets
Asian stock markets traded mixed, with China bourses underperforming after weaker than expected PMI reports that signal ongoing weakness, especially in the manufacturing sector. Treasuries meanwhile found buyers and the…
Read More »How the Rich Get Richer: Money in the World Economy
The way money and finance work in the global economic system tends to make the rich even richer while leaving behind average citizens. Central banks printing vast sums of cheap…
Read More »87 of 109 analysts polled expect next week’s Fed rate hike to be its last
The latest Reuters poll of analysts finds that all 106 expect the Fed to hike by 25bps at next week’s meeting, taking the Fed Funds benchmark overnight interest rate to…
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