Articles related to Prudential
 
Chris Powell - GATA
New York Fed official celebrates a century of market rigging
Last month an official of the Federal Reserve Bank of New York celebrated a century of cooperation by central banks in secret interventions in the markets. His address was posted on the internet sites of the New York Fed and the Bank for International Settlements, but mainstream financial news organizations have yet to take note of it. The official, Simon M. Potter, executive vice president of what the New York Fed calls its Markets Group, spoke December 20 at the bank's "Commemoration of the Ce
Saturday, January 20, 2018
Mish - Global Economic Analysis
An Italian Regulator's Risk-Sharing Plan to "Cure the Eurozone"
Marcello Minenna, a division head at the Italian securities regulator, emailed his plan to "Cure the Eurozone".Marcello Minenna, the head of Quantitative Analysis and Financial Innovation at Consob, the Italian securities regulator, pinged me recently with his plan to save the Eurozone. The plan requires debt guarantees with a catch: The catch is the guarantees have a price: The riskiest countries have to pony up the most for debt insurance. His thoughts are in a downloadable PDF on Curing the
Friday, December 8, 2017
Mish - Global Economic Analysis
Financial Hell: 57 in Australia Cannot Afford An Extra $100 if Interest Rates Rise, Stress in Wealthiest Areas
A new study shows 57% of Australia mortgage holders could not handle a $100 increase in their loan repayment. Stress has turned up in even the wealthiest cities. But who is truly wealthy? Paper profits on homes with enormous mortgages does not constitute wealth. Please consider $100 Tipping Point for 57% of Mortgage Holders. A staggering 57% of mortgage holders could not handle a $100 increase in their loan repayments, according to new research by Finder.com.au. This additional $100 is equivale
Monday, October 2, 2017
Graham Summer - Gains Pains & Capital
“Bigger Systemic Risk” Now Than 2008 - Bank of England
“Bigger Systemic Risk” Now Than 2008 - Bank of England - Bank of England warn that "bigger systemic risk" now than in 2008- BOE, Prudential Regulation Authority (PRA) concerns re financial system- Banks accused of "balance sheet trickery" -undermining spirit of post-08 rules- EU & UK corporate bond markets may be bigger source of instability than '08- Credit card debt and car loan surge could cause another financial crisis- PRA warn banks returning to similar practices to those that sparked 08 c
Monday, July 17, 2017
Bullion Vault
Silver Doubles Gold Price Gain After Comex Speculators Turn 'Net Bearish', Bond Yields Retreat Before ECB, BoJ Decisions
GOLD PRICE gains of 0.5% were doubled by silver bullion in London trade Monday as world stock markets stalled at new all-time highs and major government bond prices rose, pushing longer-term interest rates down. This week brings key policy decisions from the Bank of Japan and European Central Bank – both due Thursday and both currently holding deposit rates below zero with record-high quantities of new QE bond-buying each month.
Monday, July 17, 2017
Mark O'Byrne - gold.ie
“Bigger Systemic Risk” Now Than 2008 – Bank of England
– Bank of England warn that “bigger systemic risk” now than in 2008 – BOE, Prudential Regulation Authority (PRA) concerns re financial system – Banks accused of “balance sheet trickery” -undermining spirit of post-08 rules – EU & UK corporate bond markets may be bigger source of instability than ’08 – Credit card debt and car loan surge could cause another financial crisis – PRA warn banks returning to similar practices to those that sparked 08 crisis – ‘Conscious that corporate memories can be
Monday, July 17, 2017
Andy Sutton
UK Banks Ordered to Hold More Reserves as Consumer Debt Surges
The Bank of England is to force banks to hold more capital in the face of rapid growth in lending on credit cards, car finance and personal loans. The intervention by Threadneedle Street, which could amount to banks needing £11.4bn of extra capital in the next 18 months, is one of a number of measures intended to protect the financial system from the fast pace of growth in consumer finance. In addition to increasing the capital requirements, the Bank said it was bringing forward the part of the
Wednesday, June 28, 2017
Chris Powell - GATA
Hambro ousted from gold miner Petropavlovsk after battle with Russian investors
Peter Hambro has lost his bid to stop a major Russian investor from filleting the board of Petropavlovsk, the gold mining company he co-founded more than 20 years ago. Shareholders at the London-listed miner's annual general meeting voted in favour of a resolution by Renova to oppose the reappointment of Mr. Hambro and three independent non-executive directors. Renova's attempt to appoint two new directors to the board also succeeded, as did an effort by fellow investors M&G -- part of Pruden
Friday, June 23, 2017
Mark O'Byrne - gold.ie
RBS Fail Bank of England Stress Test
Ulster Bank Parent RBS Fails Bank of England Stress Test “Royal Bank of Scotland (RBS)(RBS.L) will cut costs and sell assets to boost capital levels, it said on Wednesday after failing this year’s Bank of England stress test, which warned of a “challenging” outlook for Britain’s financial system. The state-backed lender rushed out a statement following the announcement to say it would take a range of actions, including selling off bad loans and cutting costs to make up the capital shortfall iden
Wednesday, November 30, 2016
Gordon Long - Market Analytics
Financial Repression is Now 'In-Play'!
A Falling Market Cannot be Allowed - at any cost! The Central Bankers have clearly painted themselves into a corner as a result of their self-inflicted, extended period of "cheap money". Their policies have fostered mal-investment, excessive leverage and a speculative casino approach to investments. Investors forced to take on excess risk for yield  and scalp speculative investment returns, must operate in an unstable financial environment ripe for a  major correction.  A correction be
Tuesday, October 18, 2016
Ronan Manly - Bullion Star
From Bank of England to LBMA: The ‘independent’ Chair of the LBMA Board
In a recent article titled “Blood Brothers: The Bank of England and the London Bullion Market Association (LBMA)“, I charted the extremely close historical and contemporary relationship between the LBMA and the Bank of England. This article highlighted that: the LBMA was established in 1987 by the Bank of England the original bullion bank founding members and steering committee members of the LBMA represented 6 commercial banks active in the London Gold Market, namely, N.M. Rothschild, Mocatta
Sunday, October 2, 2016
Axel Merk - Merk Fund
Failure of Inflation Targeting!
Axel Merk, Merk Investments September 8, 2016  Follow @AxelMerk Tweet      It ain't working. Eight years after the outbreak of the financial crisis, central bank chiefs suggest they have saved the world, but have they? We argue central banks have become part of the problem, not the
Thursday, September 8, 2016
24hGold - Publicnow
Update on Keybridge EGM to Remove Andrew Moffat and Appoint Bentley Nominees to Board
Australian Stock Exchange Limited Tuesday, 26 July 2016 MARKET ANNOUNCEMENT Update on Keybridge EGM to Remove Andrew Moffat and Appoint Bentley Nominees to Board Bentley Capital Limited (ASX:BEL) refers to: The upcoming Extraordinary General Meeting (EGM) of shareholders of Keybridge Capital Limited (ASX:KBC) to be held in Melbourne at 12:00 noon on Friday, 29 July 2016 at which resolutions will be proposed for the removal of Andrew Moffat as a Keybridge Director and the election of S
Tuesday, July 26, 2016
David Jensen
Detonation of the LBMA - It Wasn't Brexit, Governor Carney
The Governor of the Bank of England Mark Carney has a problem and it is a severe problem. For decades, the Bank of England has acted as a coordinating market-maker for bullion banks in the City of London that trade 'unallocated' or unsecured gold and silver contracts through the London Bullion Market Association (LBMA). The market is uncovering that the Bank of England (BoE) has in effect been facilitating what amounts to a kiting operation in maintaining the structure of the London
Monday, July 4, 2016
The Gold Report
LiTHIUM X Is Not AloneProfiling This Marketplace Darling and Others in the Sweet Spot
After several years of bear markets for miners, many mining equities have lept upward in the last few months. LiTHIUM X Energy ranks among the leaders of the pack, up many-fold. Barry Allan, vice chair of mining at Mackie Research, and Research Analyst Ryan Hanley put out a report in March for the PDAC convention, highlighting a number of promising mining companies. In this interview with The Gold Report, Allan and Hanley profile a handful of those companies, including LiTHIUM X.
Wednesday, April 27, 2016
The Gold Report
President Trump President Clinton Gold Up in Both Scenarios
Donald Trump and Hillary Clinton may have very little in common, but Barry Allan, vice chair of mining for Mackie Research Capital, says if either moves into the White House, the U.S. dollar will fall and gold will rise. A higher gold price bodes well for gold equities, and in this interview with The Gold Report, Allan and his colleague Ryan Hanley share the names of some of their top picks for this environment. The Gold Report: Barry and Ryan, welcome
Friday, April 22, 2016
Chris Ciovacco - Ciovacco Capital Management
The Easiest Way For The Bullish Case To Improve
Since the stock market bottomed in February, OPEC has talked about the possibility of capping oil production and central banks have assisted with accommodative measures and statements. Central banks and OPEC jawboning are a major portion of the bull/bear tug of war; another relates to economic fundamentals. From CNBC: U.S. equities will need strong earnings results to continue their remarkable comeback since hitting their 2016 lows last month, Prudential Financial's Quincy K
Wednesday, March 30, 2016
Gordon Long - Market Analytics
Obsoleting Banks, Brokers, Clearinghouses and Exchanges
FRA Co-Founder Gordon T. Long has an in-depth discussion on the future of Bitcoins and Block Chain technology with serial entrepreneur, Reggie Middleton. Middleton's experience has given him the ability to recognize value, or the lack thereof, well before much of the professional populace. His ability to identify opportunity and his "out-the-box" mind-set are due to years of entrepreneurial pursuits in insurance, financial valuation/modeling, technology, media, and real estate. He is
Tuesday, March 1, 2016
24hGold - Publicnow
Change in substantial holding
a3c6446f-3315-48e1-8024-81676655ef1b.pdf Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder To Company Name/Scheme: Western Areas Ltd ACN/ARSN: 091 049 357 Details of substantial holder (1) Name: ACN/ARSN (if applicable): There was a change in the interests of the substantial holder on: The previous notice was given to the company on: The previous notice was dated: Previous and present voti
Thursday, January 28, 2016
24hGold - Yahoo
1:01 pm CMS Energy increases qtrly dividend to $0.31 from $0.29/share
4:52 pm Southern subsidiary Georgia Power files $350 mln Vogtle settlement agreement with Georgia Public Service Commission (SO) :  4:48 pm Western Alliance Bancorp beats by $0.02, reports revs in-line (WAL) : Reports Q4 (Dec) earnings of $0.57 per share, $0.02 better than the Capital IQ Consensus of $0.55; revenues rose 40.4% year/year to $152.8 mln vs the $152.13 mln Capital IQ Consensus. Total loans of $11.14 billion, up $348 million from September 30, 2015Net interest margin of 4.67%, compar
Thursday, January 21, 2016
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