Bank of America (NYSE:BAC) Paralyzed by Computer Breakdown

Bank of America (NYSE:BAC) Paralyzed by Computer Breakdown






Bank of America (NYSE:BAC) Paralyzed by Computer Breakdown $BAC Bank of America (NYSE:BAC) customers were locked out of their accounts in a system outage that lasted several hours. The problem, which generated complaints from customers across the US, prevented people from accessing accounts on Smartphones and other devices according to reports. BofA spokeswoman Jumana Bauwens […]






Bank of America Corp (NYSE:BAC) Cancels HNA Deal

Bank of America Corp (NYSE:BAC) Cancels HNA Deal






Bank of America Corp (NYSE:BAC) Cancels HNA Deal Bank of America said it has identified a solution following reports of system outages Wednesday. “Some customers may have been unable to access some of our online and/or mobile banking applications,” Bank of America, the country’s second-largest bank, said in a statement to CBS News early Wednesday […]






Commonwealth Bank of Australia (ASX:CBA) HEFFX Highlights

Commonwealth Bank of Australia (ASX:CBA) HEFFX Highlights






Commonwealth Bank of Australia (ASX:CBA) HEFFX Highlights Australia’s biggest banks will have to hold billions of dollars in extra capital to ensure they are “unquestionably strong”, following new guidelines issued by the country’s prudential regulator. But they should be able to meet a 2020 deadline to implement the tougher capital requirements by retaining earnings rather […]






Citigroup Inc (NYSE:C) HEFFX Highlights

Citigroup Inc (NYSE:C) HEFFX Highlights






Citigroup Inc (NYSE:C) HEFFX Highlights EPS: $1.28 vs. $1.21 expected by Thomson One analysts’ consensus. Revenue: $17.901 billion vs. $17.367 billion expected by Thomson One. Citigroup’s “Markets and Securities Services” revenue declined by 5 percent year over year, largely because of an 11 percent pullback in equity markets sales. U.S. bank Citigroup Inc (C.N) is […]






Morgan Stanley (NYSE:MS) HEFFX Highlights

Morgan Stanley (NYSE:MS) HEFFX Highlights






Morgan Stanley (NYSE:MS) HEFFX Highlights Morgan Stanley is on a mission to combine the best of machine learning, predictive analytics and workflow technology with the human touch provided by its 16,000 financial advisers. Despite the popularity of robo-advisers, clients still want a human being to help them navigate complex life questions, according to Naureen Hassan, […]






Russia and China Setting Up to Transact Energy Business in Gold

Russia and China Setting Up to Transact Energy Business in Gold






Russia and China Setting Up to Transact Energy Business in Gold $GLD, $OIL, $USD, $CNY Russia’s largest bank, state-owned Sberbank, announced that its Swiss subsidiary had begun trading in Gold on the Shanghai Gold Exchange. Russian officials have signaled that they plan to conduct transactions with China using Gold as a means of marginalizing the […]






Bank of America Corp (NYSE:BAC) M. Lawence President of St. Louis Market

Bank of America Corp (NYSE:BAC) M. Lawence President of St. Louis Market






Bank of America Corp (NYSE:BAC) M. Lawence President of St. Louis Market Bank Of America Shareholders About To Be Diluted By Insider Warren Buffett Bank of America has named Michael Lawrence as president of the St. Louis market. Lawrence, 40, replaces Jackie Yoon, who left the bank earlier this year. Lawrence joined Bank of America […]






Commonwealth Bank of Australia (ASX:CBA) Donates $50K to Emerging Leaders Scholarship

Commonwealth Bank of Australia (ASX:CBA) Donates $50K to Emerging Leaders Scholarship






Commonwealth Bank of Australia (ASX:CBA) Donates $50K to Emerging Leaders Scholarship Calling the need for well-educated, agile leaders with strong communications skills essential in an increasingly global world, Commonwealth Bank boosted its support of its Emerging Leaders Scholarship Program at the University of The Bahamas this week with a donation of $50,000. It was the […]






HSBC Stocks Overview – Ban On Staff Buying Stocks

HSBC Stocks Overview – Ban On Staff Buying Stocks






HSBC is said to ban staff buying stock, bonds on own account. HSBC Holdings Plc has instructed about 6,000 employees of its global markets division to cease buying single-name securities on their personal accounts. Purchases of single-name stocks, bonds and concentrated exchange-traded funds will be prohibited, Global Head of Markets Thibaut de Roux told staff […]






JPMorgan Chase & Co. (NYSE:JPM) And Finicity Ink Data-Sharing Agreement

JPMorgan Chase & Co. (NYSE:JPM) And Finicity Ink Data-Sharing Agreement






JPMorgan Chase & Co. (NYSE:JPM) And Finicity Ink Data-Sharing Agreement For the quarter, JPMorgan Chase is expected to report earnings of $1.57 per share, up two cents from the same quarter last year, on revenue of $24.8 billion, according to third-party consensus analyst estimates. Revenues are expected to decline 1.5% compared to Q2 2016. Last […]






Morgan Stanley (NYSE:MS) HEFFX Highlights

Morgan Stanley (NYSE:MS) HEFFX Highlights






Morgan Stanley (NYSE:MS) HEFFX Highlights Morgan Stanley double-upgrades Kingfisher on expected strategy flop Voices.com, the largest global voice over online marketplace, today announced an $18 million growth investment from Morgan Stanley Expansion Capital, the growth-focused private investment platform within Morgan Stanley Investment Management. This represents the Company’s first institutional investment since its founding in 2005. […]






Macquarie Group Ltd (ASX:MQG) HEFFX Highlights

Macquarie Group Ltd (ASX:MQG) HEFFX Highlights






Macquarie Group Ltd (ASX:MQG) HEFFX Highlights Macquarie Group, the world’s largest infrastructure manager, could be forced into a fire sale of ­assets as it comes under pressure from rising interest rates, big debts and stalled earnings, according to Citi. Despite booking a record $2.2 billion profit last year, Macquarie’s earnings have been coming under increasing […]






Citigroup Inc (NYSE:C) Hired Roland Rolfe

Citigroup Inc (NYSE:C) Hired Roland Rolfe






Citigroup Inc (NYSE:C) Hired Roland Rolfe Citigroup Inc. hired Roland Rolfe from Barclays Plc in a bid to strengthen its brokerage business for global hedge funds in Japan. Rolfe started working at Citigroup Global Markets Japan Inc. on Monday as a sales trader in the prime finance department, according to an internal memo obtained by […]






Bank of America Corp (NYSE:BAC) Q2 Earnings Preview

Bank of America Corp (NYSE:BAC) Q2 Earnings Preview






Bank of America Corp (NYSE:BAC) Q2 Earnings Preview When Bank of America (NYSE:BAC) reports second-quarter earnings next Tuesday, investors can expect its earnings to rise on both a sequential and year-over-year basis. That is, at least, the word from the analysts. The consensus estimate of analysts tracked by Yahoo! Finance is for Bank of America […]






Bank of Queensland Limited (ASX:BOQ) HEFFX Highlights

Bank of Queensland Limited (ASX:BOQ) HEFFX Highlights






Bank of Queensland Limited (ASX:BOQ) HEFFX Highlights Bank of Queensland has jumped on a growing trend to raise rates across its range of interest-only loans, while also reducing rates for customers making principal and interest repayments. Effective from August 8, interest only loans from BOQ will increase by 0.40%, bringing the current standard variable rate […]






Commonwealth Bank of Australia (ASX:CBA) HEFFX Highlights

Commonwealth Bank of Australia (ASX:CBA) HEFFX Highlights






  Commonwealth Bank of Australia (ASX:CBA) HEFFX Highlights Over the past 10 years Commonwealth Bank of Australia (ASX:CBA) has returned an average of 5.44% per year from dividend payouts. The stock currently pays a dividend of 5.08% with a market cap of $107.69 Billion and let me tell you why it stands out for income […]






Australian Dollar (A$) Trapped

Australian Dollar (A$) Trapped






Investors had hoped that the Reserve Bank of Australia might have joined other developed-market monetary authorities in suggesting that higher interest rates were coming. In the event it didn’t. Instead it left the Official Cash Rate at its 1.50% record low and gave no hint that any changes were in the wind. In truth it was always […]






Bank of America Corp (NYSE:BAC) HEFFX Highlights

Bank of America Corp (NYSE:BAC) HEFFX Highlights






Bank of America Corp (NYSE:BAC) HEFFX Highlights Bank of America Merril Lynch released its equity and quant strategy analysts’ list of the most overowned stocks held by active managers. The list is a part of a new report on active manager holdings. According to BAML, the “overowned” list includes companies that meet the following criteria: […]






Bank of America Corp (NYSE:BAC) HEFFX Highlights

Bank of America Corp (NYSE:BAC) HEFFX Highlights






Bank of America Corp (NYSE:BAC) HEFFX Highlights Warren Buffett’s Berkshire Hathaway will exercise warrants in Bank of America allowing it to acquire 700 million common shares at an exercise price of $7.14 each, or about $5 billion. At Thursday’s closing price, that stake is worth more than $17 billion. Berkshire will also become the bank’s […]






Commonwealth Bank of Australia (ASX:CBA) HEFFX Highlights

Commonwealth Bank of Australia (ASX:CBA) HEFFX Highlights






Commonwealth Bank of Australia (ASX:CBA) HEFFX Highlights PPB Advisory will start spruiking Network Ten to potential buyers on behalf of the Commonwealth Bank of Australia after the lender officially appointed the firm as receivers on Saturday morning. CBA is owed $200 million by Network Ten through a debt facility granted in 2013 that falls due […]






Commonwealth Bank of Australia (ASX:CBA) HEFFX Highlights

Commonwealth Bank of Australia (ASX:CBA) HEFFX Highlights






Commonwealth Bank of Australia (ASX:CBA) HEFFX Highlights “The Australian government should not create tax policy which systematically and deliberately advantages banks based in the United States, Europe, Japan and China at the expense of its domestic industry,” Commonwealth Bank general counsel Anna Lenahan told senators in Canberra on Friday. Commonwealth Bank of Australia’s top technology […]






Bank of America Corp (NYSE:BAC) HEFFX Highlights

Bank of America Corp (NYSE:BAC) HEFFX Highlights






Bank of America Corp (NYSE:BAC) HEFFX Highlights Bank of America, is laying off a number of technology workers in Charlotte. Bank of America has begun laying off employees in its operations and technology division. The layoffs were part of the second-largest U.S. bank’s plan to cut costs. The cuts come as Bank of America is […]






DBS Group Holdings Ltd (SGX:D05) One Of Singapores Most Valuable Brands

DBS Group Holdings Ltd (SGX:D05) One Of Singapores Most Valuable Brands






DBS Group Holdings Ltd (SGX:D05) One Of Singapores Most Valuable Brands DBS says PH needs to guard against economic overheating DBS is maintaining China/Hong Kong as its key “overweight” market this year. Although the market is showing a technical overbought signal, it should resume on its uptrend after some consolidation. Emkay and DBS ink pact […]






European Central Bank Facing Continuing Challenges

European Central Bank Facing Continuing Challenges






European Central Bank Facing Continuing Challenges The European Central Bank (ECB) facing continuing challenges when its Governing Council meets Thursday in Estonia. The Eurozone’s central bank is likely to err on the side of prudence by avoiding any notable reduction in monetary stimulus, even though the arguments points to a different policy direction. The argument […]






China Construction Bank Corporation (HKG:0939) Opens Banks In Malaysia

China Construction Bank Corporation (HKG:0939) Opens Banks In Malaysia






China Construction Bank Corporation (HKG:0939) Opens Banks In Malaysia China Construction Bank (Malaysia) Bhd (CCBM) is the first foreign commercial bank to be granted a banking licence in Malaysia in six years. CCBM is the third China-based bank in Malaysia after the Bank of China (Malaysia) Bhd and Industrial and Commercial Bank of China (Malaysia) […]






Industrial and Commercial Bank of China Ltd (HKG:1398) Joins EBS Direct

Industrial and Commercial Bank of China Ltd (HKG:1398) Joins EBS Direct






Industrial and Commercial Bank of China Ltd (HKG:1398) Joins EBS Direct Bank of China opened its Luanda branch in the capital city of Angola on Monday The branch, the first Chinese bank in Angola, will start banking operations on June 6. Chen Siqing, president of Bank of China, as well as some 300 representatives from […]






Bank of America Corp (NYSE:BAC) HEFFX Stands on $30 Target

Bank of America Corp (NYSE:BAC) HEFFX Stands on $30 Target






Bank of America Corp (NYSE:BAC) HEFFX Stands on $30 Target HEFFX Stands on $30 Target Shares of Bank of America (NYSE:BAC) have more than tripled the return of the S&P 500 over the past year. This enriches current shareholders of the nation’s second-biggest bank by assets, but could cause prospective investors to wonder whether its […]






Mario Draghi, “EU Growth Needs More Stimulus”

Mario Draghi, “EU Growth Needs More Stimulus”






Mario Draghi, “EU Growth Needs More Stimulus” The head of the European Central Bank (ECB) says while the economy of the 19-nation Eurozone is improving, but it still needs substantial stimulus. At a parliamentary hearing Monday in Brussels, ECB boss Mario Draghi said “the economic upswing is becoming increasingly solid and continues to broaden across […]






Bank of Japan (TYO:8301) Haruhiko Kuroda May Not Serve Another Term

Bank of Japan (TYO:8301) Haruhiko Kuroda May Not Serve Another Term






Bank of Japan (TYO:8301) Haruhiko Kuroda May Not Serve Another Term Bank of Japan Gov. Haruhiko Kuroda didn’t say whether he will serve another term, but did say that either way, the central bank has ‘enough tools’ to manage the winding down of its enormous stimulus program. Bank of Japan Gov. Haruhiko Kuroda defended the […]






Commonwealth Bank of Australia (ASX:CBA) Warn Of Levy ‘Distortions’

Commonwealth Bank of Australia (ASX:CBA) Warn Of Levy ‘Distortions’






Commonwealth Bank of Australia (ASX:CBA) Warn Of Levy ‘Distortions’ Commonwealth Bank, NAB warn of levy ‘distortions’ Commonwealth and NAB join Westpac in warning bank levy will be passed on Bank executives say levy will hit ordinary Australians The CBA is the latest bank to be targeted by scammers Commonwealth Bank of Australia is a provider […]






DBS Group Holdings Ltd (SGX:D05) ‘The Art of Spending’ Campaign A Huge Success

DBS Group Holdings Ltd (SGX:D05) ‘The Art of Spending’ Campaign A Huge Success






DBS Group Holdings Ltd (SGX:D05) ‘The Art of Spending’ Campaign A Huge Success 7% rate offering helps DBS cross 1 million customer mark Singapore’s DBS Bank adds over a million customers in India DBS digital campaign strikes gold with ‘Tat Vinci’ DBS’ latest campaign, dubbed ‘The Art of Spending’, created in collaboration with Secret Tour […]






Bank of America Corp (NYSE:BAC) HEFFX Highlights

Bank of America Corp (NYSE:BAC) HEFFX Highlights






Bank of America Corp (NYSE:BAC) HEFFX Highlights Former Bank of America exec charged in embezzlement Bank of America Corp (BAC) Stock Still Has 20% Upside Bank of America robber bundles up in double layers Bank of America closing Newburgh branch in mid-July Bank of America Corporation is a bank holding company and a financial holding […]






Bank of China Ltd (HKG:3988) $100 Billlion to the Belt and Road

Bank of China Ltd (HKG:3988) $100 Billlion to the Belt and Road






Bank of China Ltd (HKG:3988) $100 Billlion to the Belt and Road BOC creates special team to hasten shipment inspection process Chelsea Logistics signs $220M loan with Bank of China Bank of China given licence to operate in Pakistan by central bank Bank of China has extended credit support of $100 billion to Belt and […]






CITIC Ltd (HKG:0267) Panda Debut Plans

CITIC Ltd (HKG:0267) Panda Debut Plans






CITIC Ltd (HKG:0267) Panda Debut Plans China Citic Bank plans Panda debut CITIC’s M&A Fund Launches Major Education Initiatives in China CITIC Capital has led a RMB 120 million (US$17 million) series B round in China Great Wall Environment Improving Co., Ltd Japan’s FamilyMart considering CITIC and CP Group partnerships CITIC LIMITED is a Hong […]






Bank of America Corp (NYSE:BAC) HEFFX Target Stands Strong on $30

Bank of America Corp (NYSE:BAC) HEFFX Target Stands Strong on $30






Bank of America Corp (NYSE:BAC) HEFFX Target Stands Strong on $30 Former Bank of America vice president charged with embezzlement HEFFX Target Stands Strong on $30 Bank of America CEO Brian Moynihan speaks with CNBC’s Kelly Evans on Thursday, May 18 at 4PM A Bank of America plan to open a North Loop location without […]






HSBC Holdings plc (ADR) (NYSE:HSBC) Loves the Belt and Road

HSBC Holdings plc (ADR) (NYSE:HSBC) Loves the Belt and Road






HSBC Holdings plc (ADR) (NYSE:HSBC) Loves the Belt and Road Bank of Ireland picks HSBC executive as its new CEO HSBC rolls out virtual business banking platform HSBC Loves China’s Belt And Road HSBC Announces $1.5 Million Grant to Expand Horizons Learning Programs to Reach More Kids HSBC reports 19 percent fall in profit before tax […]






Citigroup Inc (NYSE:C) HEFFX Highlights

Citigroup Inc (NYSE:C) HEFFX Highlights






Citigroup Inc (NYSE:C) HEFFX Highlights Citigroup Gets Saudi Investment Bank License After 13 Years Citi returns to Saudi Arabia with a woman in charge Citigroup (C) Up 5.2% Since Earnings Report Citigroup Inc. (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial […]






Bank of America Corp (NYSE:BAC) HEFFX Highlights

Bank of America Corp (NYSE:BAC) HEFFX Highlights






Bank of America Corp (NYSE:BAC) HEFFX Highlights Bank of America Offers Scholarships to Students at Durham Tech The Wall Street Journal called Bank of America (NYSE:BAC) the “stingiest of the big U.S. banks.” Buffett is bullish on Bank of America Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices […]






Bank of America Corp (NYSE:BAC) HEFFX Highlights

Bank of America Corp (NYSE:BAC) HEFFX Highlights






Bank of America Corp (NYSE:BAC) HEFFX Highlights Bank of America text message phishing scam resurfaces Bank Of America Likes Intel, Advanced Micro Devices Bank of America Unveils VR Marketing Campaign. Kathie Sowa, a Sacramento-based Bank of America executive, will lead the banking industry’s main trade association in the state. Bank of America’s New Chief Marketing […]






HEFFX Initiates Coverage on Bank of China Ltd (HKG:3988) With a Target of $5

HEFFX Initiates Coverage on Bank of China Ltd (HKG:3988) With a Target of $5






Bank of China Ltd (HKG:3988) HEFFX Highlights Highlights: Bank of China offers new credit cards with American Express Bank of China looks to sell longtime US HQ at 410 Madison China’s yuan weakens despite state banks’ dollar sales China’s economy continues to decelerate amid transition to consumption-based economy China’s Economic Reforms Have Hit a Wall […]






ECB’s Draghi Cautiously Upbeat on Eurozone

ECB’s Draghi Cautiously Upbeat on Eurozone






ECB’s Draghi Cautiously Upbeat on Eurozone The Head of the European Central Bank (ECB) says that risks to the strengthening economy of the 19-country Eurozone have fallen insisting it is too early to declare victory and start withdrawing stimulus measures. Mario Draghi said in remarks delivered Wednesday in the Dutch Parliament that recent data confirm […]






Bank of America Corp (NYSE:BAC) News and Outlook

Bank of America Corp (NYSE:BAC) News and Outlook






Bank of America Corp (NYSE:BAC) News and Outlook The Supreme Court today issued a blow to banking giants Bank of America and Wells Fargo. The court allowed the city of Miami to proceed with lawsuits it filed in 2013 against the banks for allegedly targeting minorities with predatory loans that contributed to the city’s ongoing […]






HEFFX Initiates Coverage on Bank of America Corp (NYSE:BAC)

HEFFX Initiates Coverage on Bank of America Corp (NYSE:BAC)






HEFFX Initiates Coverage on Bank of America Corp (NYSE:BAC) We have a $26 target with Bank Of America. Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 25.90. The projected lower bound […]






Bank of America Corp (NYSE:BAC) HEFFX Trading Outlook

Bank of America Corp (NYSE:BAC) HEFFX Trading Outlook






Bank of America Corp (NYSE:BAC) HEFFX Trading Outlook Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 23.06. The projected upper bound is: 24.20. The projected lower […]






Banpu PCL (BKK:BANPU) HEFFX Outlook

Banpu PCL (BKK:BANPU) HEFFX Outlook






Banpu PCL (BKK:BANPU) HEFFX Outlook Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 19.52. The projected upper bound is: 21.29. The projected lower bound is: 19.76. […]






SSE Composite Index (SHA:000001) Shanghai HEFFX Outlook (17/4/17)

SSE Composite Index (SHA:000001) Shanghai HEFFX Outlook (17/4/17)






SSE Composite Index(SHA:000001) Shanghai HEFFX Outlook (17/4/17) Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 3,277.44. The projected lower bound is: 3,169.42. The projected closing price is: 3,223.43. SSE COMPOSITE closed down -23.900 at 3,222.167. Volume was 17% above average (neutral) […]






Bangkok Bank PCL (BKK:BBL) HEFFX Outlook (17/4/17)

Bangkok Bank PCL (BKK:BBL) HEFFX Outlook (17/4/17)






Bangkok Bank PCL(BKK:BBL) HEFFX Outlook (17/4/17) Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. The projected upper bound is: 191.27. The projected lower bound is: 182.21. The projected closing price is: 186.74. BANGKOK BANK closed unchanged at 186.500. Volume was 9% above average (neutral) and Bollinger […]






Banpu PCL (BKK:BANPU) HEFFX Outlook (17/4/17)

Banpu PCL (BKK:BANPU) HEFFX Outlook (17/4/17)






Banpu PCL(BKK:BANPU) HEFFX Outlook (17/4/17) Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 19.49. The projected upper bound is: 21.49. The projected lower bound is: 19.97. […]






Banpu PCL (BKK:BANPU) Thailand HEFFX Outlook (16/4/17)

Banpu PCL (BKK:BANPU) Thailand HEFFX Outlook (16/4/17)






Banpu PCL (BKK:BANPU) Thailand HEFFX Outlook (16/4/17) Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 19.45. The projected upper bound is: 21.88. The projected lower bound […]






EU Calls On China to Help Rebuild its Struggling Economy

EU Calls On China to Help Rebuild its Struggling Economy






EU Calls On China to Help Rebuild its Struggling Economy Cooperation with China could help the European Union (EU) to rebuild and strengthen its economy, National Bank of Hungary Governor Gyorgy Matolcsy said Monday. The EU needs to build political, intellectual, financial and human bridges between the EU and China, he said at the Lamfalussy […]






LTN’s Feature Stock of the Day: Bank of New York Mellon Corp. (NYSE:BK)

LTN’s Feature Stock of the Day: Bank of New York Mellon Corp. (NYSE:BK)






LTN’s Feature Stock of the Day: Bank of New York Mellon Corp. (NYSE:BK) $BK The Bank of New York Mellon Corporation (NYSE:BK) will report its next earnings on 19 January 2017 The company reported the earnings of 0.90/Share in the last Quarter where the estimated EPS by analysts was 0.81/share. The difference between the expected […]






China Is Capable of Dealing with the Rising US Trade Protectionism

China Is Capable of Dealing with the Rising US Trade Protectionism






China Is Capable of Dealing with the Rising US Trade Protectionism $UBS Chairman of Swiss bank UBS Axel Weber says that globalization is suffering setbacks, but China is capable of making up for the negative impact on its growth by using more domestic fiscal and monetary stimulus. “Globalization never happened in a straight line. There are […]






Wall Street Expects to Post Huge Q-4 Returns

Wall Street Expects to Post Huge Q-4 Returns






Wall Street Expects to Post Huge Q-4 Returns $DIA, $SPY, $QQQ, $VXX Wall Street firms are expected to post the biggest Q-4 win since the financial crisis as the US election triggered global markets activity from government bonds to currencies. Fixed-income and stock-trading revenue at the 5 biggest U.S investment banks rose 20% from a […]






Mexico’s Peso Hammered as Donald Trump Explains “Wall” Policy

Mexico’s Peso Hammered as Donald Trump Explains “Wall” Policy






Mexico’s Peso Hammered as Donald Trump Explains “Wall” Policy $MXNUSD, $F, $GM, $TM Mexico propped up the Peso Thursday by selling at least $1-B in US currency in morning trading in an attempt to ease the prospect that President Elect Donald Trump’s policies will hurt the economy. Traders said that Mexico’s central bank made the […]






China’s ICBC Now a Settlement Bank for the Dubai Gold & Commodities Exchange

China’s ICBC Now a Settlement Bank for the Dubai Gold & Commodities Exchange






China’s ICBC Now a Settlement Bank for the Dubai Gold & Commodities Exchange Industrial and Commercial Bank of China (ICBC), the world’s largest bank by assets, has become a settlement bank for the Dubai Gold & Commodities Exchange (DGCX), the exchange said Tuesday, allowing more investors to clear transactions in RMB Yuan. ICBC becomes the […]






Many Wall Street Regulations to Fall, as SEC Chairwoman Steps Down

Many Wall Street Regulations to Fall, as SEC Chairwoman Steps Down






Many Wall Street Regulations to Fall, as SEC Chairwoman Steps Down Barack Hussein Obama once said, “You don’t want to ‘mess’ with Mary Jo.” American voters said, “You do not want to ‘mess’ with Donald Trump.” Mary Jo White, the Head of the Securities and Exchange Commission, announced Monday that she will step down 2 […]






Germany’s CEO’s Standing Behind Deutsche Bank (NYSE:DB)

Germany’s CEO’s Standing Behind Deutsche Bank (NYSE:DB)






Germany’s CEO’s Standing Behind Deutsche Bank (NYSE:DB) $DB The CEO’s of several German blue-chip companies have discussed Deutsche Bank’s (NYSE:DB) problems and are ready to offer a capital injection if needed to shore up Germany’s largest lender, newspaper Handelsblatt reported Thursday. The German newspaper said that under an emergency plan the participating companies would purchase […]






Bank of Shanghai to Float a Public Offering

Bank of Shanghai to Float a Public Offering






Bank of Shanghai to Float a Public Offering Bank of Shanghai has been given permission for an IPO on the Shanghai bourse, the latest of China’s small and medium-sized lenders to go public after nearly a decade of approval suspension. The China Securities Regulatory Commission (CSRC) announced the decision Friday evening. According to the bank’s […]






The Black Swan Matters

The Black Swan Matters






The Black Swan Matters $DB, $GLD, $SLV Almost 10 years in the making the fate of one of Europe’s most important financial institutions may be sealed. After a sequence of scandals, poor decisions, and unfortunate events, Frankfurt-based Deutsche Bank (NYSE:DB) shares are now down -48% on the year to 12.60, which is a record-setting low. […]






Bank of China Designated as RMB Yuan Clearing Bank in US

Bank of China Designated as RMB Yuan Clearing Bank in US






Bank of China Designated as RMB Yuan Clearing Bank in US $BACHF The People’s Bank of China announced Tuesday that Bank of China (OTCMKT:BACHF) is designated as the RMB Yuan clearing bank in the United States. This represents another Key milestone in the process of RMB internationalization, and a step forward for Sino-US financial cooperation. […]






Wells Fargo’s (NYSE: WFC) Fraud Cost Investors $10-B

Wells Fargo’s (NYSE: WFC) Fraud Cost Investors $10-B






Wells Fargo’s (NYSE:WFC) Fraud Cost Investors $10-B $WFC, $JPM, $BRK.A FLASH: Here is the word on how it’s largest shareholder, Warren Buffet’s Berkshire Hathaway (NYSE:BRK.A) feels about the mess, likely put out, as his loss is reported at $1.4-B. Wells Fargo’s (NYSE:WFC) fraud cost 5,200 employees their jobs and the bank suffered $185-M in fines, […]






The WB and BRICS’ NDB Bank Align for Expanded Development

The WB and BRICS’ NDB Bank Align for Expanded Development






The WB and BRICS’ NDB Bank Align for Expanded Development Friday, the World Bank Group and the New Development Bank (NDB) set up by the BRICS nations signed a MOU (memorandum of understanding) to strengthen their cooperation in addressing global infrastructure needs. The memorandum, signed by World Bank Group President Jim Yong Kim and NDB […]






Westpac Banking Corporation Ordinary Shares(ASX:WBC) HEFFX Outlook

Westpac Banking Corporation Ordinary Shares(ASX:WBC) HEFFX Outlook






Westpac Banking Corporation Ordinary Shares(NZE:WBC) HEFFX Outlook HEFFX Notes Westpac Banking Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are ranging. The projected upper bound is: 32.03. The projected lower bound is: 29.07. The projected closing price is: 30.55. WESTPAC closed down -0.490 at 30.560. Volume was 63% […]






Commonwealth Bank of Australia (ASX:CBA) HEFFX Outlook

Commonwealth Bank of Australia (ASX:CBA) HEFFX Outlook






Commonwealth Bank of Australia (ASX:CBA) HEFFX Outlook HEFFX Notes Commonwealth Bank of Australia Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are ranging. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 75.39. The projected upper bound […]






National Australia Bank Ltd. (ASX:NAB) HEFFX Outlook

National Australia Bank Ltd. (ASX:NAB) HEFFX Outlook






National Australia Bank Ltd. (ASX:NAB) HEFFX Outlook HEFFX Notes National Australia Bank Overall, the bias in prices is: Upwards. Short term: Prices are stalling. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 26.61. The projected upper bound is: 28.26. […]






Bank of America Corp(NYSE:BAC) HEFFX Outlook

Bank of America Corp(NYSE:BAC) HEFFX Outlook






Bank of America Corp(NYSE:BAC) HEFFX Outlook HEFFX Notes Bank of America Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 14.60. The projected upper bound is: 16.68. […]






Industrial and Coml Bank of China Ltd(HKG:1398) HEFFX Outlook

Industrial and Coml Bank of China Ltd(HKG:1398) HEFFX Outlook






Industrial and Coml Bank of China Ltd(HKG:1398) HEFFX Notes Industrial and Coml Bank of China Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 4.56. The projected upper […]






China Construction Bank Corporation(HKG:0939) HEFFX Outlook

China Construction Bank Corporation(HKG:0939) HEFFX Outlook






China Construction Bank Corporation(HKG:0939) HEFFX Outlook HEFFX Notes China Construction Bank Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 5.41. The projected upper bound is: 6.02. The […]






Bank of China Limited(HKG:3988) HEFFX Outlook

Bank of China Limited(HKG:3988) HEFFX Outlook






Bank of China Limited(HKG:3988) HEFFX Outlook HEFFX Notes Bank of China Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 3.27. The projected upper bound is: 3.63. The […]






Bank of America (NYSE:BAC) Trending Upwards

Bank of America (NYSE:BAC) Trending Upwards






Bank of America (NYSE:BAC) Trending Upwards Overall, the bias in prices is: Upwards. Short term: Prices are stalling. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 14.32. The projected upper bound is: 16.06. The projected lower bound is: […]






Bank of China Ltd (HKG:3988) Trading Outlook

Bank of China Ltd (HKG:3988) Trading Outlook






Bank of China Ltd (HKG:3988) Trading Outlook HEFFX Notes Bank of China Ltd Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 3.21. The projected upper bound […]






China Construction Bank Corporation (HKG:0939) Trading Outlook

China Construction Bank Corporation (HKG:0939) Trading Outlook






China Construction Bank Corporation (HKG:0939) Trading Outlook HEFFX Notes China Construction Bank Corporation Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 5.90. The projected lower bound is: 5.45. The projected closing price […]






China’s Central Bank Injects Liquidity Into Market

China’s Central Bank Injects Liquidity Into Market






China’s Central Bank Injects Liquidity Into Market China’s central bank Monday pumped money into the inter-bank market to provide more liquidity. The People’s Bank of China (PBOC) put RMB 50-B (around US$7.6-B) into 7-day reverse repos, a process by which central banks purchase securities from banks with an agreement to sell them back in the […]






China Led AIIB, a New Multi-National Development Bank Meeting Expections

China Led AIIB, a New Multi-National Development Bank Meeting Expections






China Led AIIB, a New Multi-National Development Bank Meeting Expections Details of the operation and philosophy of the Asian Infrastructure Investment Bank (AIIB) show that it is meeting expectations to lead development cooperation as a new type of multilateral financial institution. Addressing the AIIB Board of Governors Saturday, the bank’s President Jin Liqun said that […]






Saudi Arabia Engaged HSBC Banker to Manage Bond Sale

Saudi Arabia Engaged HSBC Banker to Manage Bond Sale






Saudi Arabia Engaged HSBC Banker to Manage Bond Sale Fahad Al Saif has become the 2nd HSBC banker to be appointed to a government role in recent months It was reported Tuesday that Saudi Arabia has engaged HSBC Holdings banker Fahad Al Saif to start a debt management office responsible for the Kingdom’s 1st international […]






China: Supply-side Reforms to Help Expand the Economy

China: Supply-side Reforms to Help Expand the Economy






China: Supply-side Reforms to Help Expand the Economy China’s supply-side reform will unlock new sources of growth to help the economy fend off downward pressures amid a fading global economic recovery, Swiss bank UBS said. China’s economy expanded 6.7% Y-Y in Q-1, slowing further from the previous Quarter. Despite the downward trend, the government is […]






FOMC Keeps Threat of Interest Rate Hike “In the Mix”

FOMC Keeps Threat of Interest Rate Hike “In the Mix”






FOMC Keeps Threat of Interest Rate Hike “In the Mix” $DIA, $SPY, $QQQ, $VXX Wednesday afternoon, the US Fed kept interest rates unchanged, and indicated their confidence in the anemic US economy, thus keeping the door open to a hike in June. The FOMC said the labor market had improved despite a recent economic slowdown […]