Tag: Deutsche Bank
Capital is a fancy term for the shock absorber that protects a bank from unexpected losses. It’s money or money-like; the more of it that a bank has, the better the chance that it can survive tough times without the help of taxpayers. But because capital is difficult and costly for a bank to raise, it never, ever wants to be told that it must raise more of it.
Only a fool or someone who has been asleep for the past few years would expect a bank to voluntarily to do the things that it ought to. This would be like expecting an 11-year old to start saving his pocket money for retirement. Nice idea, very sensible…not bloody likely. Continue Reading
Here were the most popular stories on Finance Addict during this first week of 2012. Plus, our GIF of the Week after the jump!
- How to make money in finance. Find someone on the other side of the trade who’s corrupt as you are.
- The Fed’s definition of “clarity” is not like yours or mine. The most recent measure by the Federal Reserve to “enhance clarity” is just plain bananas.
- A real mission impossible. Can the hivemind help to track the “tectonic force” of money sloshing through our global economy?
- Another one bites the dust. The head of the Swiss central bank, Philipp Hildebrand, is in big trouble. And he blames it all on his wife.
- Lessons from Lagarde in 2012. We should take advantage of Christine Lagarde’s tendency to voice the uncomfortable truth about inequality. Continue Reading
When I worked in banking not so long ago, it was actually cool to be “old school”. It was just another way of saying that one would try to balance the bank’s interests with that of the corporate client’s. To make neither too little money off of them, nor too much. And to never, ever, ever give them the impression that the high fees they were paying would be used to pay for something like your next Ferrari. Continue Reading