What the hell is wrong with TikTok? (POLITICO)
By Clothilde Goujard – Mar 22, 2023 Western governments are ticked off with TikTok. The Chinese-owned app loved by teenagers around the world is facing allegations of facilitating espionage, failing to protect personal data, and even of corrupting young minds. Governments in the United States, United Kingdom, Canada, New Zealand and across Europe have moved […]
Spot Markets Live Transcript (24/03/23) *** Fall of Rome Continues ***
Izabella Kaminska11:00 Good morning everyone. FRANCES COPPOLA11:00 Morning! Izabella Kaminska11:00 And welcome to Spot Markets Live – or as we like to call it – ‘Dispatches from the fall of Rome”. Or is it the Fire of London? Not sure. I can take the Tacitus role. I’m joined by my companion in arms, Samuel Pepys. […]
Spot Markets Live (22/03/2023)
Continuing our dispatches from the Fall of the Roman Republic, Frances Coppola is joined by Kathleen Tyson, chief executive, of Pacemaker.Global. FRANCES COPPOLA11:00 .. Morning everyone. Kathleen Tyson11:01 Good morning. Thanks for inviting me. FRANCES COPPOLA11:02 Today I’m joined by Kathleen Tyson, chief executive of https://www.pacemaker.global/ Kathleen Tyson11:02 Oooh! Nice welcome, John! FRANCES COPPOLA11:02 it’s […]
Spot Markets Live Transcript (21/03/23)
Today’s edition of Spot Markets Live was hosted by Frances Coppola, with a small fly-by from Izzy. FRANCES COPPOLA10:58 .. 11:00Hi everyone, welcome back. This is my first solo flight. Hope we don’t have a crash landing. And no, I wasn’t up at dawn today! Speaking of crash landings…. 11:02ugh I was trying to post […]
Spot Markets Live is DAILY this week at 11am UK Time
Join former banking and finance correspondent Anjuli Davies for Monday’s session of Spot Markets Live on the Coodash platform at 11am UK time. She will be joined by Betaville’s Ben Harrington and banking expert Frances Coppola. https://finhub.coodash.com/login We will be running these sessions daily this week, at 11am UK time. If you don’t have a […]
Financial contagion watch for Monday
What a weekend. And thanks for ruining Mothers Day, Credit Suisse. Here are some bullets to bear in mind for Monday based on what I’ve been hearing from sources, my own analysis and general reporting. Apologies for typos – written on an iPhone. **NOT**A KOBAYASHI MARU. Well, don’t I have egg on my face? On Thursday […]
In the Blind Spot (Carry trades, Farmers, The ESF)
This edition of the Blind Spot Wrap was compiled by Izabella Kaminska and Dario Garcia Giner. Apologies for typos and garbled text, but it’s been quite a week and we all need sleep! Banking crisis: A flashback from 2017, via Reuters: Stakeholders in Japan’s banking sector were concerned about Japanese banks’ exposure to American bonds, […]
Spot Markets Live Transcript (17/03/23)
The below is the transcript to Friday’s impromptu Spot Markets Live session. Izabella Kaminska 10:59Good Morning SMLers! I see some of you are nice and early 🙂 I’m back. It’s a Friday, my non-Politico day. And well, with what’s been going on, how could I possibly not do a session? Anjuli will be back on […]
And now Credit Suisse confirms it’s all about duration risk (which it allegedly doesn’t have)
Credit Suisse will be taking pre-emptive action to strengthen its liquidity, according to a press release issued in the early hours of Thursday, March 16. The move involves exercising an option to borrow 50bn Swiss francs from the Swiss National Bank under a covered loan facility, as well as a short-term liquidity facility. Both will […]
Why it’s all about duration risk and underwater bonds
If you find the below useful please do recommend. Mark-to-market is striking financial markets again. But it wasn’t supposed to be that way. Regulators spent years poring over the risks in the financial system. Volumes upon volumes of bank regulation were rolled out to make sure a global financial crisis could never take shape again. […]