Yield-starved banks expanded lending to “relatively high-risk businesses” and to the property sector, as the Bundesbank considers house prices in many cities overvalued by 15% to 30%.
The benefit of NIRP: There’s hell to pay – even the ECB admits it.
Just bumping along the bottom, from hopeless to hope and back to hopeless.
Opposition Is Growing to Merger Between Deutsche Bank and Commerzbank.
There’s unconfirmed speculation JPMorgan may have been granted immunity as the whistleblower.
The old question: When will she buckle?
Even bigger loss than reported 6 weeks ago, cost cuts abandoned, bonuses quadrupled.
In response to the “destabilization of the world.”
Counterparties are losing confidence, withdraw cash.
Everyone is denying everything.