The previous quarter, banks truly stretched any possible accounting and regulatory standard to the limit to kick the can down the road, hoping a #FED rate cut could give them some relief. Unfortunately for them, not only did this not happen, but today our dear Jerome Burns reminded everyone that…
Category:Markets
IS SOFTBANK TRYING TO SQUEEZE ARM INTO MAJOR INDEXES TO FORCE PASSIVE INVESTING BIDS AND LIQUIDATE THE STOCK WITHOUT CRASHING IT?
ARM is both a joy and a problem for Softbank, why? On one side, the stock is Masa Son’s current jewel of the crown, but on the other, #Softbank owns 90% of it, precluding them from liquidating the investment and gathering badly needed cash to repay its mounting debt. I…
MELLANOX, THE CORNERSTONE OF NVIDIA-MICROSOFT REVENUES ROUND-TRIPPING SCHEME
February 22, 2013 case number 1:2013cv01225 US District Court for the Southern District of New York Plaintiff Valentin Petrov Defendant Mellanox Technologies, Ltd. (link). “The Exchange Act claims allege that Defendants engaged in a fraudulent scheme to artificially inflate the Company’s stock price. As a result of the fraud described…
WHICH BANKS ARE AT RISK OF GOING BUST IN A LIQUIDITY CRISIS? – EPISODE 2
In September 2023, I addressed for the first time the (nasty) topic of #banks’ balance sheet health in the “This time is not different” post on X. After that, I expanded the analysis to large US and European banks in “WHICH BANKS ARE AT RISK OF GOING BUST IN A…
JAPAN POST BANK IS LIKELY GOING TO BE AN EVEN BIGGER PROBLEM FOR THE BOJ THAN NORINCHUKIN BANK
Today, #Norinchukin Bank is starting to be less of an obscure name compared to more than 7 months ago when the #FED quietly added it to the list of counterparts eligible to access the standing Repo Facility the central bank established with the purpose of dealing with emergency liquidity shortfalls…
THE STORY OF CREDIT SUISSE, ARCHEGOS, AND A SWAP THAT “SCREAMS” GME
If you are a Prime Broker dealing with a US client involved in “questionable” trading activities in the US, how are you going to deal with that to keep doing business while staying at a safe distance from the US watchdog? Easy, you carry on the business from a different…
THE SILENT “BUY NOW PAY LATER” CANCER SPREADING IN THE GLOBAL FINANCIAL SYSTEM
Since my first article on the topic several days ago (WHO ARE TODAY’S “NINJA” SUBPRIME LENDERS? SHOCKINGLY… PENSION FUNDS), where I focused on the fact that pension funds are shockingly the predominant buyers of “Buy Now Pay Later” CLOs, I have continued my investigation into this incredibly obscure part of…
MARKETS WILL QUICKLY STOP FEARING THE RISK OF “POLITICAL CHAOS” IN FRANCE
Emmanuel Macron’s decision to call snap elections in France after the disastrous results of his party in the latest European elections not only caught his fellow European leaders completely by surprise but also caught the ECB completely unprepared to deal with last week’s panic in French financial markets. Beware, financial…
GME EPISODE 6: THE RETURN OF THE JEDI
What’s going to happen now to #GME? A straight answer to this question is going to be quite technical and boring, which is why I decided to borrow a bit from George Lucas’s Star Wars saga today to have some fun with it. Episode 1: “The Phantom Menace” If you…
APPLE CREDIT CARD – THE (RADIOACTIVE) WORM INSIDE THE APPLE?
“Apple Card” was officially launched on the 20th of August 2019 with great fanfare, as usual (announcement). Who was #Apple’s partner? The one and only Goldman Sachs. With such a match made in heaven, what could go wrong? Apparently, a lot, considering Apple completely removed any mention of Credit Cards…