Bloomberg just revealed the allegation made by New York regulators against Deutsche Bank. http://www.bloomberg.com/news/2014-12-10/ny-regulator-said-to-probe-deutsche-bank-barclays-fx-algorithms.html?hootPostID=c3a0b99fe1cf5f2d282303c2f5580895 This is what you get when the bank created the bot in the first place and being the counter-party trading against you. The development from this event can drag on for years to come. The exposure, however, will further reduce the […]
Reality is sometimes as surreal as fictions and spy novels. http://www.zerohedge.com/news/2014-10-09/meet-worlds-first-undercover-super-secret-central-banker Why did Bernanke call himself Quince? Could it really be the case that he meant Q.E. right from the start? I guess someone have to ask him directly for the answer!
I am still waiting for BMO on my cell phone here to see what is going on with one of my credit cards. It was declined earlier today but it was working fine yesterday. 2 hours 45 minutes into the call and I am still stuck in the queue. Could this be BMO Bank of […]
Surreal story of a bank CEO stashed away $4.5 million in his home, hidden in the bookshelves inside shoeboxes. Forget about soup opera and sitcom, it is far more funny reading news like this. This guy was the CEO of the 2nd largest state-owned bank in Turkey. I guess it is an important lesson for […]