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Contagion Fears Rise In Aftermath Of Home Capital Group Collapse
With the bank run at Home Capital Group hitting a crescendo on Friday, when in one day 36% of the liquidity at Canada’s largest non-bank lender escaped through the front door, and only an emergency...
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This Is What A Bank Run Looks Like: Home Capital Loses 70% Of Deposits In One...
In the beginning it was a slow pace, then it became a casual jog. Then, starting early last week, the jog morphed into a full-blown run, and – as of the past 3 days – the withdrawal of deposits at Home...
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Of Bunkers, Bankers, & Black Swans
Authored by Howard Kunstler via Kunstler.com, And suddenly the storms of early Trumptopia subside, or seem to. The surface of things turns eerily placid as the sweets of May sweep away the toils of an...
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“There Was White Smoke”: Greece Reaches Deal With Lenders, Promising Even...
Greek government bond yields fell after Greece and its lenders said they reached a long-awaited deal on reforms required to release further bailout funds. With a promise to further cut pensions and...
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“Canada Hasn’t Seen A Bank Run Such As This In Decades” – Finance Minister...
zerohedge.com / by Tyler Durden / May 13, 2017 When we first said three weeks ago that the spectacular, sudden implosion of Canada’s largest alt-lender Home Capital Group or HCG – whose fate we had...
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Greece Is Chasing An Illusion Of Financial Independence
A Greek drama rarely ends after just one act or scene and although the recent new bailout talks haven’t really been extensively covered by the media, the Greek population will once again have to make...
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This Is How A “Bail-Out” Becomes A “Bail-In”
Authored by Simon Black via SovereignMan.com, Here’s the perfect example of how insane our financial system has become. It was announced yesterday that, after a 24-hour white-knuckled ride, Spanish...
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Fannie, Freddie Would Need $100BN Bailout In New Financial Crisis
While the latest Fed stress test found that all US commercial banks have enough capital to survive even an “adverse” stress scenario, a severe recession in which the VIX hypothetically soars to 70, the...
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It Begins: Pension Bailout Bill To Be Introduced This Week
Over the past year we have provided extensive coverage of what will likely be the biggest, most politically charged, and most significant financial crisis facing the aging U.S. population: a...
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How Corporate Zombies Are Threatening The Eurozone Economy
The recovery in Eurozone growth has become part of the synchronised global growth narrative that most investors are relying on to deliver further gains in equities as we head into 2018. However, the...
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