Linkfest: How dealers give some customers bad prices; Fed wants to banish banks from physical commodities; Euro area on the mend
Categories: Linkfest
Today’s most shared:
- Ring tones, hand signals – how dealers in OTC markets tilt prices against perceived price-insensitive customers.
- The Fed seeks comment on rule to limit banks’ physical commodities trading.
- JPMorgan profit hit by settlements.
- Asian ‘whale’ says Goldman ripped him off on a big FX derivatives trade.
- Italy, Spain, Ireland, Portugal sell bonds at low rates as demand for euro government debt eases crisis fears.
- “The End of Men” as women regain crisis jobs, men don’t.
FBI suspects front running of Fannie, Freddie in swaps market
Reuters
Wall Street traders may be manipulating a key derivatives market and front running Fannie Mae and Freddie Mac, hurting the US-owned mortgage giants in the process.
shared by Naked Capitalism, reddit/Economics, @JoeSaluzzi, @IvanTheK
Reuters
Wall Street traders may be manipulating a key derivatives market and front running Fannie Mae and Freddie Mac, hurting the US-owned mortgage giants in the process.
shared by Naked Capitalism, reddit/Economics, @JoeSaluzzi, @IvanTheK
Fed Said to Release Plan to Limit Banks’ Commodities Activities
Bloomberg
The Federal Reserve is poised to take a preliminary step toward limiting banks’ activities with commodities amid congressional scrutiny, according to three people briefed on the discussions.
shared by @JohnLothian, reddit/Economics, Here Is The City
Bloomberg
The Federal Reserve is poised to take a preliminary step toward limiting banks’ activities with commodities amid congressional scrutiny, according to three people briefed on the discussions.
shared by @JohnLothian, reddit/Economics, Here Is The City
Hampered by Legal Costs, JPMorgan’s Profit Falls 7.3%
New York Times
Legal costs from a series of government settlements continued to weigh on earnings at JPMorgan Chase, the nation’s largest bank.
shared by Reformed Broker, @MattGoldstein26
New York Times
Legal costs from a series of government settlements continued to weigh on earnings at JPMorgan Chase, the nation’s largest bank.
shared by Reformed Broker, @MattGoldstein26
Dinner with Goldman Sachs cost him $34 million Brett Arends’s ROI
MarketWatch
A tycoon accuses the banking giant of sweet-talking him into a losing currency trade.
shared by @MissTrade, @LaurenLaCapra, Here Is The City, @EpicureanDeal
MarketWatch
A tycoon accuses the banking giant of sweet-talking him into a losing currency trade.
shared by @MissTrade, @LaurenLaCapra, Here Is The City, @EpicureanDeal
Investors are turning back to euro-zone bonds, leading countries’ borrowing costs to fall
Wall Street Journal
A turn in economic fortunes of the euro zone and the fading of investment destinations elsewhere around the world have driven a surge in buying of the region’s government bonds.
shared by @LemaSabachthani, @mhewson_CMC, @gusbaratta
Wall Street Journal
A turn in economic fortunes of the euro zone and the fading of investment destinations elsewhere around the world have driven a surge in buying of the region’s government bonds.
shared by @LemaSabachthani, @mhewson_CMC, @gusbaratta
Four Charts That Explain the Gendered Labor Market
Slate
Catherine Rampell recently noted that all the net job growth in December was accounted for by women’s employment while men gained zero net jobs. Taking the long view, we can see that American women have regained the employment level they were at before the recession. All told, it’s very much an “End of Men” scenario.
shared by @carney, @counterparties, Marginal Revolution, @TimHarford
Slate
Catherine Rampell recently noted that all the net job growth in December was accounted for by women’s employment while men gained zero net jobs. Taking the long view, we can see that American women have regained the employment level they were at before the recession. All told, it’s very much an “End of Men” scenario.
shared by @carney, @counterparties, Marginal Revolution, @TimHarford
Credit Suisse Tells Junior Bankers to Take Saturdays Off
Bloomberg
Credit Suisse Group AG, Switzerland’s second-largest lender, told junior investment bankers to take much of their weekends off as Wall Street firms seek to improve working conditions.
shared by @graemewearden, @nancefinance, @JohnLothian
Bloomberg
Credit Suisse Group AG, Switzerland’s second-largest lender, told junior investment bankers to take much of their weekends off as Wall Street firms seek to improve working conditions.
shared by @graemewearden, @nancefinance, @JohnLothian
Florida citrus growers worry that deadly bacteria will mean end of orange juice
Washington Post
A bacteria carried by a tiny insect from China could dry up orange juice in the United States and the world.
shared by @TonyTassell, @davewiner, @NicTrades
Washington Post
A bacteria carried by a tiny insect from China could dry up orange juice in the United States and the world.
shared by @TonyTassell, @davewiner, @NicTrades
Obamacare Customers Skew Older as Young Wait for Pitch
Bloomberg
The U.S. government said it would ramp up Obamacare outreach in 25 cities to lure younger people to the program after a report showed about 70 percent of the initial customers are 35 years of age or older.
shared by Naked Capitalism, @volatilitysmile, @HamzeiAnalytics
Bloomberg
The U.S. government said it would ramp up Obamacare outreach in 25 cities to lure younger people to the program after a report showed about 70 percent of the initial customers are 35 years of age or older.
shared by Naked Capitalism, @volatilitysmile, @HamzeiAnalytics
What Secrets Your Phone Is Sharing About You
Wall Street Journal
Businesses are tracking their customers and building profiles of their daily habits using a network of startups that have placed sensors in restaurants, yoga studios and other sites around Toronto.
shared by Credit Writedowns, @hedgefundinvest, @moorehn
Wall Street Journal
Businesses are tracking their customers and building profiles of their daily habits using a network of startups that have placed sensors in restaurants, yoga studios and other sites around Toronto.
shared by Credit Writedowns, @hedgefundinvest, @moorehn
An Experiment with Basic Income
pieria.co.uk
The Speenhamland system of poor relief in 19th-century England was an experiment with basic income. It worked…..but it was still abolished. Why?
shared by @interfluidity, @MarkThoma, Naked Capitalism, @Pawelmorski
pieria.co.uk
The Speenhamland system of poor relief in 19th-century England was an experiment with basic income. It worked…..but it was still abolished. Why?
shared by @interfluidity, @MarkThoma, Naked Capitalism, @Pawelmorski
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