Financial Industry 04 (Mar 12 - Apr 15)

[winston]

[b]Is Your Bank Safe? How To Evaluate and What To Do If It’s Not[/b]

By Simon Black

Source: Sovereign Man

http://www.thetradingreport.com/2014/12 ... f-its-not/

[winston]

China: Foreign bank - rules eased

China eased restrictions on branch openings and yuan transactions by foreign banks.

China will drop from January 1 the requirement that a foreign bank's parent transfer a specific level of operating funds to any new Chinese branch.

Foreign banks will be eligible to apply to conduct yuan transactions after operating in China for one year, from a previous three years, and the requirement for two consecutive years of profit will be dropped.

The rules are aimed at bringing more competition to the banking industry.


Source: BLOOMBERG

[winston]

not vested

<Research Report>Stanchart's latest ratings & prices for Chinese securities brokers (table)

In the latest research report, Standard Chartered updated its investment ratings and target prices for Chinese securities brokers.

Stock / Investment Rating / Target Price (HK$)
CGS (06881.HK) / Equalweight / 6.2->10.5
GUOTAI JUNAN I (01788.HK) / Outperform / 6.6->7.5
HAITONG INT'L (00665.HK) / Outperform / 5.3->6.4
HAITONG SEC (06837.HK) / Outperform / 14->21.7

Source: AAStocks Financial News

[winston]

TOL:-

Who has been lending to the Shale companies, Oil related companies, Russia and Commodities companies ?

[winston]

Who else is also caught ?

World's biggest currencies dealer lost more than US$150mil on currency swings

Citigroup Inc, the world's biggest currencies dealer, lost more than $150 million after the Swiss central bank decided to let the franc trade freely against the euro, Bloomberg reported.

The losses took place on Citi's trading desks and are not tied to its relationships with currency trading services provider FXCM Inc <FXCM.N> and other retail trading platforms, Bloomberg said, citing a person briefed on the matter.

Citi declined to comment.

The Swiss National Bank shocked financial markets on Thursday by scrapping a three-year-old cap on the franc, sending the currency soaring against the euro and stocks plunging on fears for the export-reliant Swiss economy.

Citibank's head of European investor sales, foreign exchange and local markets, Alex Jackson, left the company this week, Bloomberg reported earlier on Friday, citing a source.

Source: Reuters

[behappyalways]

No One Was Supposed to Lose This Much Money on Swiss Francs
http://www.bloombergview.com/articles/2 ... iss-francs

[winston]

The “nuclear explosion” is spreading

Credit Suisse Group AG (CSGN) and Saxo Bank A/S joined an increasing number of European financial companies warning that the Swiss central bank’s surprise decision to abolish its currency ceiling may dent earnings.

Source: Bloomberg

http://thecrux.com/nuclear-explosion-up ... spreading/

[winston]

166 Trillion Reasons Why Bank Stocks Are So Cheap

By MICHAEL E. LEWITT

Source: Money Morning

http://moneymorning.com/2015/01/22/166- ... dium=email

[behappyalways]

Saxo Bank faces £70m losses after Swiss currency turmoil
http://www.bbc.com/news/business-30960558

[behappyalways]

Oil collapse could trigger billions in bank losses
http://www.telegraph.co.uk/finance/news ... osses.html