Fell by 11 percent on monday after the weekend announcement that the bank had filed fraud claims with police and regulators the Indian Central Bank says they discovered that nearly all of their half 1000000000. 00 loan to sean was diverted after taking a closer closer look at the bar was books in the wake of the seans bankruptcy p. N. P. Has been under scrutiny for lax lending since seeming to lose nearly 2000000000. 00 the bank lent to the companies of the fugitive financier and former celebrity jeweler miramonte and mr modis uncle. Bank begins its a radical overhaul on monday as it exits its Investment Banking and Trading Operations and lets go 20 percent of its workforce the struggling lender is splitting off 74000000000. 00 euros of its assets in an attempt to focus and invest its core units and Retail Banking and european corporate clients the 8300000000. 00 Restructuring Plan is the largest in the banks history as it intends to come. At its risk weighted assets by 40 percent this
Fraud claims with police and regulators the Indian Central Bank says they discovered that nearly all of their half 1000000000. 00 loan to shawn was diverted after taking a closer closer look at the bar was books in the wake of the seans bankruptcy p. N. P. Has been under scrutiny for lax in london since seeming to lose nearly 2000000000. 00 the bank lent to the companies of the fugitive financier and former celebrity jeweler miramonte and mr modis uncle. Bank begins its a radical overhaul on monday as it exits its Investment Banking and Trading Operations and lets go 20 percent of its workforce the struggling lender is splitting off 74000000000. 00 euros of its assets in an attempt to focus and invest its core units and Retail Banking and european corporate clients the 8300000000. 00 Restructuring Plan is the largest in the banks history as it intends to cut its risk weighted assets by 40 percent this. After it had already lost 1600000000. 00 on a munis investment it bought before the
Us a hand to check in on the turbulence facing the english airline showed today the lets go and die right in. A dismissal by president ial decree for the governor of Turkeys Central Bank leads our global report today as president crosses a new line in his push for lower Interest Rates the turkish president s move was announced on saturday which named Deputy Governor murat ois sall to the top post while mr statement cited no reason for the firing the turkish president newspaper to her yet claims that he told legislators from his ruling party what may already surmised the president by the governor because he rebuffed mr push for lower Interest Rates the turkish lira was down by more than 2 percent in Early Morning trading on monday on the news also on monday ill leave public on a Founding Member of the a k party who effectively held the governments economic portfolio for over 10 years said that he is founding a new rival political movement. Another banking irregularity news indias Punjab
Index. The 10 year yield bouncing around a little bit, still at 2. 05 , little higher than the last few days. Guy fed chair Jerome Powell before up to testify Congress Tomorrow as the white house keeps up pressure on the central bank to cut rates. We are joined by pimco Portfolio Manager and sovereign credit analyst. Good afternoon. Would you buy or sell the u. S. Tenyear into the powell testimony . What does he have to do to move the needle . Guest we think powell will roughly compare market roughly confirm Market Pricing. The fed has sort of painted itself into a corner and shifted in a dovish direction, so if they do not cut, the market will be disappointed, financial conditions will tighten. The macro data is not really warranting a cut come about the same time, manufacturing is very weak in the fed knows that a hawkish mistake is much harder to reverse than a dovish mistake. So for Risk Management insurance region for Risk Management assurance reasons, we believe they will cut. Lo
Crisis and allows bank to free up capital that can then be used to bolster off its financial strength dva currently has 40 3. 00 trillion euros in gross derivative notional and they would be hard pressed to ringfence all of that toxic asset into a modest 74000000000. 00 euro silo deutsche is the latest bank to fail fall from grace after earlier this year 3 banks on 3 different continents failed indicating that there is a systemic problem and that a new Global Crisis could be brewing and with more of the latest details just tell you publicize wind down or meltdown is international regular regulatory attorney miles edwards. So miles door to bank right now is arguably europes Biggest Investment Bank right up there with barclays banking analyst Stephan Wyler recently said this. When we were in rio maybe facing and the financial crisis of the next years i dont believe it but its coming its not for. Bank generally is the overall banking which means that the bank will force all kinds of produ