United Overseas Bank Limited is a bank in Asia. The Company provides financial services across the globe through its segments, which include Group Retail (GR), Group Wholesale Banking (GWB), Global Markets (GM) and Others. GR segment covers personal and small enterprise customers. GWB encompasses corporate and institutional client segments, which include medium and large enterprises, […]
United Overseas Bank Limited is a bank in Asia. The Company provides financial services across the globe through its segments, which include Group Retail (GR), Group Wholesale Banking (GWB), Global Markets (GM) and Others. GR segment covers personal and small enterprise customers. GWB encompasses corporate and institutional client segments, which include medium and large enterprises, […]
DBS Group Holdings Ltd is an investment holding company. The Company performs its operation through its subsidiary, DBS Bank Ltd (the Bank), which is engaged in a range of commercial banking and financial services, principally in Asia. The Company’s operating segments include Consumer Banking/Wealth Management; Institutional Banking; Treasury, and Others. The Consumer Banking/Wealth Management segment […]
United Overseas Bank Limited is a bank in Asia. The Company provides financial services across the globe through its segments, which include Group Retail (GR), Group Wholesale Banking (GWB), Global Markets (GM) and Others. GR segment covers personal and small enterprise customers. GWB encompasses corporate and institutional client segments, which include medium and large enterprises, […]
United Overseas Bank Limited is a bank in Asia. The Company provides financial services across the globe through its segments, which include Group Retail (GR), Group Wholesale Banking (GWB), Global Markets (GM) and Others. GR segment covers personal and small enterprise customers. GWB encompasses corporate and institutional client segments, which include medium and large enterprises, […]
DBS Group Holdings Ltd is an investment holding company. The Company performs its operation through its subsidiary, DBS Bank Ltd (the Bank), which is engaged in a range of commercial banking and financial services, principally in Asia. The Company’s operating segments include Consumer Banking/Wealth Management; Institutional Banking; Treasury, and Others. The Consumer Banking/Wealth Management segment […]
$CNY China’s stock market investors are not quite ready to see Beijing scale back its efforts to support the economy. Stocks started the week lower after improving data prompted traders to pare back their bets for additional stimulus. The Shanghai Composite Index rallied Tuesday after the PBoC injected cash into the financial system, alleviating concerns […]
United Overseas Bank Limited is a bank in Asia. The Company provides financial services across the globe through its segments, which include Group Retail (GR), Group Wholesale Banking (GWB), Global Markets (GM) and Others. GR segment covers personal and small enterprise customers. GWB encompasses corporate and institutional client segments, which include medium and large enterprises, […]
United Overseas Bank Limited is a bank in Asia. The Company provides financial services across the globe through its segments, which include Group Retail (GR), Group Wholesale Banking (GWB), Global Markets (GM) and Others. GR segment covers personal and small enterprise customers. GWB encompasses corporate and institutional client segments, which include medium and large enterprises, […]
DBS Group Holdings Ltd is an investment holding company. The Company performs its operation through its subsidiary, DBS Bank Ltd (the Bank), which is engaged in a range of commercial banking and financial services, principally in Asia. The Company’s operating segments include Consumer Banking/Wealth Management; Institutional Banking; Treasury, and Others. The Consumer Banking/Wealth Management segment […]
United Overseas Bank Limited is a bank in Asia. The Company provides financial services across the globe through its segments, which include Group Retail (GR), Group Wholesale Banking (GWB), Global Markets (GM) and Others. GR segment covers personal and small enterprise customers. GWB encompasses corporate and institutional client segments, which include medium and large enterprises, […]
DBS Group Holdings Ltd is an investment holding company. The Company performs its operation through its subsidiary, DBS Bank Ltd (the Bank), which is engaged in a range of commercial banking and financial services, principally in Asia. The Company’s operating segments include Consumer Banking/Wealth Management; Institutional Banking; Treasury, and Others. The Consumer Banking/Wealth Management segment […]
United Overseas Bank Limited is a bank in Asia. The Company provides financial services across the globe through its segments, which include Group Retail (GR), Group Wholesale Banking (GWB), Global Markets (GM) and Others. GR segment covers personal and small enterprise customers. GWB encompasses corporate and institutional client segments, which include medium and large enterprises, […]
$RACE, $UNCRY FLASH: Italy’s largest bank UniCredit and Ferrari have been super winners YTD. With all risk assets in Green in Y 2019, the rally is showing no signs of fatigue. Even Italy, a country that caused deep concerns for Europe last year, is now in a Bull market. The FTSE MIB is the biggest […]
DBS Group Holdings Ltd is an investment holding company. The Company performs its operation through its subsidiary, DBS Bank Ltd (the Bank), which is engaged in a range of commercial banking and financial services, principally in Asia. The Company’s operating segments include Consumer Banking/Wealth Management; Institutional Banking; Treasury, and Others. The Consumer Banking/Wealth Management segment […]
United Overseas Bank Limited is a bank in Asia. The Company provides financial services across the globe through its segments, which include Group Retail (GR), Group Wholesale Banking (GWB), Global Markets (GM) and Others. GR segment covers personal and small enterprise customers. GWB encompasses corporate and institutional client segments, which include medium and large enterprises, […]
DBS Group Holdings Ltd is an investment holding company. The Company performs its operation through its subsidiary, DBS Bank Ltd (the Bank), which is engaged in a range of commercial banking and financial services, principally in Asia. The Company’s operating segments include Consumer Banking/Wealth Management; Institutional Banking; Treasury, and Others. The Consumer Banking/Wealth Management segment […]
DBS Group Holdings Ltd is an investment holding company. The Company performs its operation through its subsidiary, DBS Bank Ltd (the Bank), which is engaged in a range of commercial banking and financial services, principally in Asia. The Company’s operating segments include Consumer Banking/Wealth Management; Institutional Banking; Treasury, and Others. The Consumer Banking/Wealth Management segment […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Off, Crude Oil Firm, Stocks Up Notes: The Bank of Japan’s kept interest rates unchanged Chinese Vice Premier Liu He spoke by telephone with US Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer, with the 2 sides making further substantive progress on trade talks, China’s official Xinhua news […]
$EUR FLASH: ECB will maintain current level of rates through the end of Y 2019 and launch new targeted longer-term refinancing operation (TLTRO-III) in September European Central Bank presented a huge set of monetary policy initiatives Thursday that sent economists and analysts on Twitter spinning. Below are some of their quick reactions as the EUR […]
FLASH: The EU’s economy is cooling more than many investors believe, the slowdown poses the biggest risk to the market. The European Central Bank (ECB) has limited tools at its disposal to respond to economic weakness while European governments are not prepared to respond with spending warns Mohamed El-Erian. “People are underestimating how quickly Europe […]
Australia’s central bank stuck to its upbeat view of the economy after it held rates at record lows in a widely expected move Tuesday, a day before GDP data is likely to show domestic momentum almost stalled last Quarter. The Reserve Bank of Australia (RBA) ended a 30th meeting running with rates at 1.50% and […]
DBS Group Holdings Ltd is an investment holding company. The Company performs its operation through its subsidiary, DBS Bank Ltd (the Bank), which is engaged in a range of commercial banking and financial services, principally in Asia. The Company’s operating segments include Consumer Banking/Wealth Management; Institutional Banking; Treasury, and Others. The Consumer Banking/Wealth Management segment […]
United Overseas Bank Limited is a bank in Asia. The Company provides financial services across the globe through its segments, which include Group Retail (GR), Group Wholesale Banking (GWB), Global Markets (GM) and Others. GR segment covers personal and small enterprise customers. GWB encompasses corporate and institutional client segments, which include medium and large enterprises, […]
United Overseas Bank Limited is a bank in Asia. The Company provides financial services across the globe through its segments, which include Group Retail (GR), Group Wholesale Banking (GWB), Global Markets (GM) and Others. GR segment covers personal and small enterprise customers. GWB encompasses corporate and institutional client segments, which include medium and large enterprises, […]
DBS Group Holdings Ltd is an investment holding company. The Company performs its operation through its subsidiary, DBS Bank Ltd (the Bank), which is engaged in a range of commercial banking and financial services, principally in Asia. The Company’s operating segments include Consumer Banking/Wealth Management; Institutional Banking; Treasury, and Others. The Consumer Banking/Wealth Management segment […]
$JMP, $GS, $USD FLASH: Jamie and ‘Goldie’ have different outlooks JPMorgan (NYSE:JPM) CEO Jamie Dimon does not agree with economic doomsayers. The boss of the largest US bank acknowledged a growing number of potential obstacles to the economy that carried his firm to record profits last year. That caution was reflected in JPMorgan Chase & […]
DBS Group Holdings Ltd is an investment holding company. The Company performs its operation through its subsidiary, DBS Bank Ltd (the Bank), which is engaged in a range of commercial banking and financial services, principally in Asia. The Company’s operating segments include Consumer Banking/Wealth Management; Institutional Banking; Treasury, and Others. The Consumer Banking/Wealth Management segment […]
$UBS, $CS UBS Group (NYSE:UBS) warned that the worst may not be over after clients pulled $13-B in assets during a market correction in the last 3 months of Y 2018. Increased volatility, rising protectionism and geopolitical tensions are still weighing on investors, which will hit wealth and asset management revenue in Q-1, the Zurich-based […]
$BAC, $C, $JPM, $WFC,$FITB, $BKX, $SPY We do expect US bank shares to continue to outperform after better-than-expected Q-4 earnings and outlooks and their cheap stock prices finally broke a losing streak, thus leading the next leg of this historic Bull Market. The gains will be driven by management teams reiterating their ability to drive […]
$DIA, $SPY, $QQQ, $RUTX, $GS In the US the richest 1%of households own 50% of all the stocks in the United States, a Goldman Sachs (NYSE:GS) executive declared Friday. Speaking publicly the investment bank’s Chief Economist, Daan Struyven said the number has risen sharply over the past 30 years. “The wealthiest 0.1% and 1% of […]
US fund investors charged into high-yield corporate bonds during the latest week, shoveling $3.3-B, the most cash flowing into that market since late Y 2016, Lipper said Thursday, boosted by dovish words from Fed Chairman Powell. Underscoring investors’ appetite for some risk-taking, investors pulled $15-B net cash from US-based money market funds, according to the […]
Bank of England’s BREXIT Analysis Due Next Week The Bank of England will publish its economic analysis of Prime Minister Theresa May’s BREXIT deal next week as well as an assessment of what would happen if Britain crashes out of the EU with No deal. The assessments will be sent to lawmakers on the Treasury […]
Mr. Hussein Obama Secretly Worked for 6 Years to Halt the Growth of JP MorganChase $JPM For about 6 years, former President Barack Hussein Obama secretly hobbled JPMorgan Chase & Co.(NYSE:JPM), the nation’s largest bank. Now the chains are off, thanks to bank-friendly regulators in The Trump Administration. In actions never before made public until […]
America First Is a Winning Strategy America First is the way to go. US stock markets continue to be driven by “uniquely American” factors such as strong activity data, a central bank that’s on the path to being restrictive and foreign policy aimed at systemically important countries, JPMorgan Chase & Co. (NYSE:JPM) strategists led by […]
A “Red Wave” in November Means More Tax Cuts for Americans $DIA, $SPY, $QQQ, $RUTX, $VXX A “Red Wave” in the November midterm elections means “tax cuts 2.0” GOP voter enthusiasm is powered by support for Supreme Court nominee Brett Kavanaugh Financial stocks are rallying for a 2nd day running as 10-year T-Note yields top […]
US Tariffs Driving RMB Yuan South to 10 yr Lows Vs USD $USDCNY (onshore): -0.29% to 6.868 $USDCNH (offshore): -0.09% to 6.879 Golden Week begins on 1 October With little prospect of a restart for US-China trade talks, we expect an escalation in tensions that will see higher American tariffs on all Chinese imports, sending […]
China Banks and the Trade War HEFFX remains bullish on China’s Banks Chinese banking giant ICBC, the world’s biggest bank by assets, posted solid profit growth for the first half of the year Thursday but warned that the US-China trade war could pose risks. Net profit for Industrial & Commercial Bank of China climbed almost […]
Bitcoin (BTC) Recovers, Key SKorean Exchange Back Online $BTCUSD Bitcoin is rallying this week after the 5th largest crypto exchange in the world, Bithumb, reopened. It had temporarily shut down new account registrations after a $30-M hack in June. All of this buying is coming from Asia, the biggest news in the market now is […]
The Healing Power of Stem Cells Your stem cells naturally act as tiny repair mechanisms making them ideal for use in a range of treatment options. We believe in a holistic approach to your wellbeing. Using haematopoietic stem cells (from cord blood) and mesenchymal stem cells (from placenta, cord tissue and adipose tissue), Target150 offer […]
Wells Fargo (NYSE:WFC) is Pro Law, Not Anti-Marijuana $WFC Pro Law, Not Anti-Marijuana Wells Fargo & Co. (NYSE:WFC) say the giant bank is not making a political statement, that it is following the law of the land; marijuana is not legal under federal law. So goes the bank’s response to backlash over terminating a pro-medical marijuana Florida […]
Manafort Trial Update: Mistrial on 10 Counts, Guilty on 8 Counts Tuesday, President Donald Trump called former campaign Chairman Paul Manafort a “good man” and again hammered Special Counsel Robert Mueller’s Russia probe as a “witch hunt” less than an hour after Mr. Manafort was found guilty of bank and tax fraud. “I must tell you […]
FX: Sterling (GBP) Traders Focused on BREXIT Outcome GBP/USD: -0.32% to 1.2721, Tuesday’s action is the 9th consecutive decliner for the GBP Having sunk to 13-month lows, the Pound Sterling could fall by up to another 10% in the coming months should Britain crash out of the EU without a deal on future trade ties, […]
The ECB’s Benchmark Interest Rate Unchanged at Zero $EURUSD The European Central Bank is stressing that interest rates will stay low well into next year even as the U.S. Federal Reserve is expected to keep raising rates in coming months. The central bank for the 19 countries that use the euro left its key rates […]
‘Big Blue'(NYSE:IBM) Partners with Stronghold for New Digital Coin $IBM Tuesday, IBM aka Big Blue (NYSE:IBM) announced that is backing a new cryptocurrency pegged to the USD, in a partnership with US-based financial services provider Stronghold that adds stability to a sector known for its volatility, the companies said. Dubbed the stable coin, Stronghold USD, […]
Goldman Sachs Very Bearish Tesla (NASDAQ:TSLA), Musk Bristles… $TSLA Elon Musk says Tesla (NASDAQ:TSLA) bears like Goldman Sachs are in for a ‘rude awakening’ Goldman Sachs raised its Model 3 production estimates Monday, but the bank is Very Bearish Tesla. CEO Elon Musk sent a news article about the analyst note to the entire company. “They […]
The Farm Bill Now Focused on Hemp US Hemp producers and several advocacy groups have agreed that legislation offered by Senate Majority Senator Mitch McConnell, (R-KY), could have a dramatic impact on the US Hemp industry. Hemp, predominantly used a fiber, is part of the cannabis family like marijuana. However, Hemp contains much lower levels […]
The Supreme Court’s Travel Ban Ruling ‘a Moment of Profound Vindication’ Tuesday, US President Donald Trump said the Supreme Court’s ruling upholding his travel ban targeting several Muslim-majority countries was a victory for Americans and “a moment of profound vindication” for his policy. “Today’s Supreme Court ruling is a tremendous victory for the American people […]
Last Week in the Crypto World $BTCUSD Last week SKorean crypto exchange Bithumb experienced a major hack, and Japan’s Mt Gox, the most notorious exchange to be hacked in Bitcoin history, is back in the news. In Switzerland, the Bank of International Settlements (BIS) spread some misinformation about digital currencies and blockchains. In the US, […]
What it Means to Be King of Thailand Assets previously registered to Thailand’s Crown Property Bureau will now be held “in the name of His Majesty”, the bureau said on its official website Saturday, the latest shake-up in royal affairs under King Maha Vajiralongkorn. The Crown Property Bureau said its assets will now be “subject […]
If You Do Not Know What Bitcoin is, Read This Please $BTCUSD, $ETHUSD, $CME, $CBOE, $V, $MA If you are 1 of those people who do not know what Bitcoin and other cryptocurrencies are read this, as there is a keen international interest in this nascent digital asset. Interest in digital currency has expanded over […]
Dubai Getting Ahead of “the Cryptocurrency Game” $BTC, $ETH, $CME, $CBOT The Big Qs are: How seriously should we take the rise of cryptocurrency? Is it a serious rival to traditional currency? Should businesses consider using cryptocurrency? What do they need to do to implement it? Is enough being done to educate individuals and businesses […]
Head of Iran’s Central Bank Hit With Terror Sanctions The head of Iran’s central bank declared a terrorist The United States designated the head of Iran’s central bank as a terrorist and barred anyone around the world from doing business with him, escalating financial pressure on Iran. Valiollah Seif, the Governor of the Iranian central […]
Wall Street titan JP Morgan Chase has become the latest firm to apply for a controlling stake in a Chinese securities venture, taking advantage of new rules Beijing put in place last month as part of a move to open up the economy. JP Morgan Broking applied to establish a foreign invested securities firm with […]
Iran’s Currency Network Sanctioned US Sanctions Iran Currency Network After Nuclear Deal Withdrawal Thursday, the US Treasury imposed sanctions against 6 individuals and 3 companies it said had funneled millions of dollars to the Iranian Revolutionary Guard’s elite Qods Force, just days after President Donald Trump withdrew from the Y 2015 Iran nuclear deal. The […]
US Economy: Not to Hot, Not to Cold, Just Right The US with steady growth, low unemployment and tame inflation, the nation is experiencing a “Goldilocks” economy: Not too hot. Not too cold. But just right. That from a Top Fed official Friday, who suggested that the unemployment rate could fall further to 3.5% with […]
Goldman Sachs’ (NYSE:GS) Beats ‘The Street’ $GS Tuesday, Goldman Sachs Group Inc (NYSE:GS) beat Wall Street’s expectations for Quarterly profit driven by a rise in trading revenue and higher fees from debt and equity underwriting. The leading Wall Street bank’s trading revenue jumped 30% from a year earlier when it reported a 2% fall, hurt […]
Blockchain Technology is Driving Innovation in Payments Industry $AXP, $MA, $V, $IBM, $MSFT Blockchain is the innovative technology that is changing payments industry. Industry leaders like American Express, Master Charge and Visa are setting up to use the blockchain technology given its obvious benefits with regard to speed, accuracy, cost effectiveness, security, and more. Companies like […]
Blockchain, “No One Can Own of Control It, Everyone Can Use It” $BTCUSD, $ETHUSD, $IBM, $GOOG, $JPM, $USB, $WMT, $SPOT Blockchain is a technology that no one can own or control but anyone can use, it is the platform for Cryptocurrency. Blockchain as applications for just about any enterprise involved in record-keeping, documentation, registrations and […]
Bitcoin and Cryptocurrencies Across the Board $BTCUSD Bitcoin and other Cryptocurrencies are new, alluring and somewhat complex investment assets. People see Bitcoin as currency, an investment and a store of value. Government’s do not agree on what Bitcoin is. The US Internal Revenue sees and treats it as property, The US Securities and Exchange Commission considers […]
China Can ‘Open Up’ More, We Expect it Will People’s Bank of China (PBoC) Governor Zhou Xiaochuan, 70 anni, said market access reforms should be accelerated and that the world’s 2nd-largest economy “ can be bolder in opening up.” Policy makers are now focused on achieving “quality” growth, rather than the pace of expansion, which […]
Bitcoin ‘Hammered’ Banks Ban Purchases $BTCUSD Mr. Bear Breathes on Cryptocurrencies Bitcoin Hits $7,500 as UK’s Biggest Bank Bans Cryptocurrency Purchases on Credit Currently, Bitcoin is trading at: 7,659.085, -284.92, or -3.59%, as of 1:22p GMT, the market is open. Bitcoin prices tested 3-month lows Monday after Lloyds Banking Group, Britain’s biggest bank, said it would ban […]
Medical Marijuana Update, Plus California Banking Policy California’s Treasurer wants to create a public bank for the cannabis business. The medical marijuana movement loses a founding father, and the only other action this past week was a pair of CBD bills. California Last Saturday, Dennis Peron, “the Father of Medical Marijuana,” died at age 72. A […]
Bank of America (NYSE:BAC) is “all for Blockchain” $BAC, $CME, $CBOE, $BTC Wall Street and financial institutions have been extolling the benefits of “blockchain without Bitcoin” for a a few years. Blockchain is the distributed ledger technology that underpins Bitcoin, but voicing hesitation, or outright dismissal, of Bitcoin and other cryptocurrencies. Then, at the end […]
Bitcoin as Money, Is it or Is it Not? $BTCUSD A medium of exchange means people will give you things in exchange for it. And yes there are some places where people will give you real goods and services for Bitcoin, but not many. If Bitcoin is to compete with global currencies it needs a […]
US Economist Sees Strong Growth in 2018 $DIA, $SPY, $QQQ, $VXX A top-ranked US economist last year predicted that real US economic growth would reach 3% in Y 2017. “With a tax cut package finally passed by Congress, growth is likely to remain robust as we head into 2018,” Steven Stanley said. “The economy’s 2% […]
EU Seeks to Regulate Bitcoin, as it Tops $19,000. $BTCUSD, $DB Bitcoin is currently trading at: 19,199.1445, +1,099.16, or +6.07%, at close: 8:31p GMT Friday, EU states and legislators agreed on stricter rules to prevent money laundering and terrorism financing on exchange platforms for Bitcoin and other virtual currencie. The agreement is part of a broader set of […]
Goldman Requires 100% Margin on Some Bitcoin Futures Trades $BTCUSD, $GS, $CBOE, $CME Bitcoin is currently trading at: 17,339.625, +552.73, or +3.29%, as s of 7:39a GMT. Market open. Goldman Sachs Group (NYSE:GS) has demanded some clients set aside funds equal to the full value of their Bitcoin futures trade as a condition for clearing the transaction, aka 100% […]
Bank of America Corp (NYSE:BAC) Cryptocurrency Exchange Platform? During the first week of December, the second largest bank in the U.S., Bank of America (BOA), was awarded a cryptocurrency exchange patent. The BOA cryptocurrency trading platform’s concept summary outlines three types of accounts where users and businesses can swap digital assets instantly. On December 5 […]
United Overseas Bank Ltd (SGX:U11) Trading 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 24.85. The projected upper bound is: 27.54. The projected lower bound […]
S&P 500, DJIA at Record Marks, as Bank Stocks Gain $DIA, $SPY, $QQQ, $VXX Tuesday, the S&P 500 and the DJIA marketrecord levels in early afternoon trading as Boeing (NYSE:BA)rose and bank stocks gained ahead of a near certain move by the Fed to raise interest rate. Losses in technology heavyweights, including Apple (NASDAQ:AAPL), and […]
DBS Group Holdings Ltd (SGX:D05) Trading 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. The projected upper bound is: 26.00. The projected lower bound is: 24.33. The projected closing price is: 25.17. DBS Group Holdings […]
Bank of America Corp (NYSE:BAC) HEFFX Outlook Overall, the bias in prices is: Upwards. Short term: Prices are stalling. Intermediate term: Prices are trending. The projected upper bound is: 27.42. The projected lower bound is: 25.85. The projected closing price is: 26.63. Bank of America Corporation is a bank holding company and a financial holding […]
United Overseas Bank Ltd (SGX:U11) Hiring “Virtual Employees” United Overseas Bank (UOB) is employing two robot-like “virtual employees” as they are termed – to tackle tasks its human employees find too boring. The bank said yesterday that the “robots”, Amy and Eve, are slashing the time taken on such repetitive and time-consuming jobs as data […]
DBS Group Holdings Ltd (SGX:D05) HEFFX Highlights DBS Group Emerges as Southeast Asia’s Most Valuable Company DBS shares advances to a record; Singtel shares decline Southeast Asia’s largest bank leverages ‘tech transformation’ DBS Group Holdings Ltd is an investment holding company. The Company performs its operation through its subsidiary, DBS Bank Ltd (the Bank), which […]
DBS Group Holdings Ltd (SGX:D05) Trading 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 22.29. The projected upper bound is: 24.91. The projected lower bound […]
China’s $38-T Off-Balance Sheet Items Poses Little Risk $CNY, $UBS, $MCO The Chinese finance sector’s RMB 253-T ($38-T) of off-balance sheet items pose little risk because more than two-thirds of them are relatively harmless components such as custodial funds and untapped credit-card limits, said UBS Group AG (NYSE:UBS). Despite the size of the number, a […]
China Gold: Demand Rises 20% YTD $GLD, $USD China’s demand for Gold reportedly rose almost 20% in the 1st 9 months of this year amid strong sales of Bold bars. China’s gold demand rose 16 percent year on year to 815.89 tonnes in the first three quarters of 2017, Xinhua reported, citing the China Gold Association. Jewelry […]
Bank of America Corp (NYSE:BAC) Trading 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 25.29. The projected upper bound is: 28.59. The projected lower bound […]
DBS Group Holdings Ltd (SGX:D05) Trading Outlook Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are ranging. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 20.95. The projected upper bound is: 22.53. The projected lower bound […]
Bank of America Corp (NYSE:BAC) HEFFX Highlights The UK’s financial regulator has fined Bank of America’s Merrill Lynch £35m for breaking reporting rules. The US bank failed to report nearly 69 million transactions over two years, the Financial Conduct Authority said. Merrill Lynch’s fine was reduced by 30% because the bank agreed to settle at […]
United Overseas Bank Ltd (SGX:U11) Trading Outlook Overall, the bias in prices is: Upwards. Short term: Prices are stalling. Intermediate term: Prices are ranging. By the way, prices are vulnerable to a correction towards 23.55. The projected upper bound is: 24.92. The projected lower bound is: 23.74. The projected closing price is: 24.33. United Overseas […]
DBS Group Holdings Ltd (SGX:D05) Trading Outlook Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are ranging. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 20.90. The projected upper bound is: 22.29. The projected lower bound […]
DBS Group Holdings Ltd (SGX:D05) Trading Outlook Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are ranging. By the way, prices are vulnerable to a correction towards 20.87. The projected upper bound is: 22.10. The projected lower bound is: 20.92. The projected closing price is: 21.51 DBS Group […]
The Ongoing Feud Between Bannon and Weinstein at a Head $DIS, $WWE, $GS A huge, ongoing lawsuit that accuses Harvey Weinstein of fraudulently using Steve Bannon’s old company, and ESPN, WWE, Discovery and others as a $130-M piggy bank. In the days that the sexual assault allegations against film mogul Harvey Weinstein became public, Breitbart has been […]
Bank of America Corp (NYSE:BAC) HEFFX Highlights Bank of America Report: Bitcoin’s True Value ‘Impossible to Assess’ A potential move by global brokerages to offer products around cryptocurrencies could have a big impact on the wider market, analysts at Bank of America Merrill Lynch wrote. In an Oct. 16 research note entitled “Introducing cryptocurrencies – […]
DBS Group Holdings Ltd (SGX:D05) HEFFX Highlights The Development Bank of Singapore (DBS) expects policy fine-tuning from the Indian government — on the lines of the Goods and Services Tax (GST) — in coming weeks. According to DBS, incoming high-frequency data are likely to improve. The index of industrial production for August — due this […]
Bank of America Corp (NYSE:BAC) Leasing Space In Paris, France Bank of America has signed a lease for office space in Paris, cementing plans to move its European trading hub to France after Brexit, Bloomberg reported on Wednesday, citing people familiar with the decision. BofA has agreed to rent about 100,000 square feet of space […]
DBS Group Holdings Ltd (SGX:D05) HEFFX Highlights The Development Bank of Singapore (DBS) expects policy fine-tuning from the Indian government — on the lines of the Goods and Services Tax (GST) — in coming weeks. According to DBS, incoming high-frequency data are likely to improve. The index of industrial production for August — due this […]
Bank of America Corp (NYSE:BAC) Trading 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 24.63. The projected upper bound is: 26.81. The projected lower bound […]
Bank of America Corp (NYSE:BAC) HEFFX Highlights Bank of America plans to close another Des Moines area branch. The company said recently it will shutter the office at 501 E. Army Post Road in Des Moines on Nov. 14. “We are consolidating locations,” said Diane Wagner, company spokeswoman. More people are doing their banking online […]
Commonwealth Bank of Australia (ASX:CBA) HEFFX Highlights Last AGM season, the Commonwealth Bank was one of a record number of companies to receive a ‘first strike’ against its remuneration report. What annoyed shareholders was a proposal to move towards ‘soft’ unquantifiable targets for huge bonuses for chief executive Ian Narev. Since that meeting last November, […]
Wells Fargo’s (NYSE:WFC) O & D’s Must Face Shareholder Suit $WFC A federal judge said current and former Wells Fargo & Co. (NYSE:WFC) O & D’s (officers and directors), including CEO Tim Sloan, must face nearly all of a lawsuit by shareholders seeking to hold them personally liable for sales abuses and the creations of […]
DBS Group Holdings Ltd (SGX:D05) Goes Digital In August, DBS took its latest step in digital banking with the launch of its mobile-led digibank business in Indonesia. Like its landmark offering in India last year, it is branchless and paperless, making heavy use of biometrics and artificial intelligence. The jury is still out on how […]
Commonwealth Bank of Australia (ASX:CBA) NZ Chief Executive To Retire The chief executive of the Commonwealth Bank’s New Zealand subsidiary, ASB Bank, will retire at Easter next year. Barbara Chapman has held the role since April 2011. ASB, fully-owned by CBA, is looking for a replacement. Ms Chapman, 57, says being ASB chief executive has […]
DBS Group Holdings Ltd (SGX:D05) HEFFX Highlights Chubb Limited announced today that it has entered into a 15-year distribution agreement with DBS Bank, the largest banking group in Southeast Asia. Under the terms of the agreement, Chubb will distribute general insurance products on an exclusive or preferred basis through multiple DBS banking channels, including in-branch […]
Bank of America Corp (NYSE:BAC) Chooses Executive To Run Post-Brexit EU Hub Bank of America Merrill Lynch is to relocate one of its top executives from New York to Dublin to head up its planned post-Brexit EU hub. The bank said in July that it aims to merge its existing Irish banking subsidiary with its […]
United Overseas Bank Ltd (SGX:U11) HEFFX Highlights Deputy chief inspector of the State Bank of Việt Nam Phạm Huyền Anh (second right) on Tuesday granted business licence to the Singapore’s United Overseas Bank Limited (UOB). — Photo SBV Viet Nam News HÀ NỘI — Deputy chief inspector of the State Bank of Việt Nam Phạm […]
United Overseas Bank Ltd (SGX:U11) HEFFX Highlights Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are ranging. By the way, prices are vulnerable to a correction towards 23.32. The projected upper bound is: 24.09. The projected lower bound is: 22.83. The projected closing price is: 23.46. United Overseas […]
HSBC Holdings plc (Hong Kong) (HKG:0005) HEFFX Highlights HSBC has admitted it was “wrong” to predict a deep dive in the value of the pound this year, as the banking giant’s bearish currency analysts were forced to revise up their forecasts. The bank had previously said sterling might end the year at $1.20 and parity […]