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Opening Bell 1.15.19

The Opening Bell is powered by The Water Coolest.  Calling their bluff [The Water Coolest] Well, that escalated quickly … Apparently, PG&E wasn’t kidding when it said it’d be filing for bankruptcy should the state of California leave it high and dry and refuse emergency government assistance to help c...

Trump’s Anti-Midas Touch Even Ruins Volatility

By Michael Vadon [CC BY-SA 2.0], via Wikimedia CommonsOn or about Nov. 8, 2016, many a finance type could be heard saying something along the lines of: Sure, the president-elect has the mental and emotional capacity of a sugar-addled four-year-old, and sure, his election makes the ...

The French Are Giving Themselves A Second Chance On This Danske Bank Thing

Really only one reason to have a branch in Tallinn. By Pjotr Mahhonin [CC BY-SA 4.0 ], from Wikimedia CommonsTwo whole years before it started closing accounts that now appear to have been used to launder $233 billion in mostly Russian money, hedge fund manager Bill Browder had a hot tip f...

Opening Bell 1.14.19

The Opening Bell is powered by The Water Coolest.  New and “improved” [The Water Coolest] Innovation sure has changed at Apple … Steve Jobs, 2006: *Drops acid* “Hey guys, why don’t we revolutionize portable information access?”Tim Cook, 2018: *Sips kombucha* “Let’s drop three news phones...

Trump Administration Floating Some Names For Last Head Of The World Bank

Joke setup: The World Bank is about to be leaderless. The Trump Administration hates everything that The World Bank embodies. The World Bank needs American support. Joke punchline: Possible names are already floating around Washington, including David Malpass, a current top Treasury official on...

Steve Cohen Just Threw His Keys Down A Sewer Grate On 59th and Third

FINE. I’LL THROW IN THE ZAMBONI. There are many different ways to measure just how humiliating Steve Cohen’s effort(s) to sell his East Midtown penthouse has been. There’s time (five years, nine months and counting). There’s number of times taken off the market in a failed game of hard-to-...
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YES BANK Photo 2018-06-07 04:43

Rana Kapoor, MD & CEO, YES BANK - “RBI’s unanimously delivered 25bps hike has been balanced with a neutral stance, reinforcing MPC’s alacrity to retain inflation within its 4.0% target amidst hitherto buildup in price pressures led by crude prices. The rate action comes at a time when economic recovery now appears to be on a firmer footing. This stance allows RBI the choice to act in accordance with evolving macro and financial conditions, in both global and domestic economy in the coming months. Amidst many moving parts, this will entail a careful balancing of global headwinds from elevated crude prices, geopolitical tensions, and domestic policies of MSPs, state pay commissions on growth-inflation dynamics.” #RBIPolicy