IPO investors tried to unload while they could.
Opposition Is Growing to Merger Between Deutsche Bank and Commerzbank.
The financial world has gone nuts.
There cannot be a recession without a pullback in services.
But deposit-taking banks have pulled back.
Number five in two years. Here’s the list.
The Slickest Annual Wealth-Transfer from Taxpayers to the Banks via the Fed.
Forced selling in the once red-hot $1.3-trillion “leveraged loan” market.
Nasdaq down 24% already. Renaissance IPO ETF down 31%. But Uber and other unicorns plan record IPOs in 2019, à la dotcom-crash-debut in 2000.
The Fed has warned about them, and investors fear a run-on-the-fund.