Royal Bank of Scotland
Royal Bank of Scotland
Королевский банк Шотландии (The Royal Bank of Scotland Plc; гэльск. Banca Rìoghail na h-Alba) — второй по величине британский банк, один из крупнейших коммерческих банков в Шотландии (Эдинбург). Подразделение Royal Bank of Scotland Group. Основан в 1727 году. Входит в чис ...

Королевский банк Шотландии (The Royal Bank of Scotland Plc; гэльск. Banca Rìoghail na h-Alba) — второй по величине британский банк, один из крупнейших коммерческих банков в Шотландии (Эдинбург). Подразделение Royal Bank of Scotland Group. Основан в 1727 году. Входит в число трёх шотландских банков, имеющих право выпуска банкнот.

В 2007 году операционная прибыль составила 10.3 миллиарда фунтов стерлингов, а количество персонала достигло 170 000 человек.

 

Группа RBS включает в себя такие бренды, как RBS, NatWest, Ulster Bank, Coutts, Citizens и другие компании, предоставляющие финансовые услуги. Основным направлением деятельности группы является работа в области долгового и акционерного финансирования, управления рисками и транзакционными услугамми. Доля правительства Великобритании, пришедшего на помощь банку RBS в кризис 2008 года, сейчас составляет порядка 80%.

Доналоговая прибыль группы RBS по итогам первого полугодия 2014 года в пересчете на доллары США составила 4,2 млрд долларов, совокупные активы группы — 1,6 трлн долларов. Ссылка

https://upload.wikimedia.org/wikipedia/commons/7/79/RBSG_HQ%2C_St_Andrews_Square%2C_Edinburgh.jpg

 

http://www.rbs.com/

В 1930 поглотил банк Уильямс Дикон, в 1939 — банк «Глин Милс». В апреле 1969 образовал с Национальным коммерческим банком Шотландии (40% акций которого принадлежало «Ллойдс банку» из «Большой пятёрки» (См. Большая пятёрка) банков Великобритании) Национальную и коммерческую банковскую группу (National and Commercial Banking Group) с правлением в Эдинбурге, которая является 5-м по величине банковским учреждением в Великобритании. В неё вошёл также лондонский клиринговый банк «Уильямс энд Глин», создан в сентябре 1970 в результате слияния трёх банков. null Сумма баланса Royal bank of Scotland на конец 1972 (в млн. фунтов стерлингов) составляла 904; капитал и резервы 70; текущие счета и вклады 731; ссуды и учёт векселей 482; число отделений в Шотландии и Лондоне 650. Сумма баланса Национальной и коммерческой банковской группы на конец 1972 равнялась 1791 млн. фунтов стерлингов; текущие счета и вклады 1533 млн. фунтов стерлингов. RBS Группа включает в себя такие бренды, как: RBS, NatWest, Ulster Bank, Coutts, Citizens и другие компании, предоставляющие финансовые услуги. Основной акцент в своей деятельности Группа делает на работе в области долгового и акционерного финансирования, управления рисками и транзакционных услуг. Данные услуги предлагает подразделение финансовых рынков и международных банковских услуг (M&IB) Группы. Оно в свою очередь состоит из двух подразделений, тесно взаимодействующих друг с другом в ходе обслуживания клиентов, предлагая продукты высочайшего класса, эффективную реализацию любого рода сделок и прекрасное знание рынков и различных отраслей промышленности. ForexAW.com

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21 ноября, 17:16

Royal Bank of Scotland (RBS) Launches Robo-Advisory Services

Royal Bank of Scotland (RBS) focuses on helping customers who prefer managing their investments on their own.

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20 ноября, 22:22

Robo-Advisory Moves Should Boost RBS's Profits

In a bid to make the most of the rapidly growing robo-advisory industry, The Royal Bank of Scotland Group has begun offering its customers robo-advisory services through its NatWest Invest platform.

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20 ноября, 19:47

Подразделение RBS запустило услуги по роботизированному инвестобслуживанию

Подразделение RBS — NatWest — запустило услугу по роботизированному инвестиционному обслуживанию для своих клиентов в сфере онлайн-банкинга Robo-advice, сообщает собкор Банки.ру в Брюсселе.

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20 ноября, 12:55

Евро может упасть до $1.15 - RBS

Евро может упасть до $1.15, если Германия проведет новые выборы в результате провала переговоров Ангелы Меркель по формированию коалиционно… читать далее…

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18 ноября, 17:00

Ледниковые мыши

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Между исландскими вулканами, движимые порывами холодного ветра, медленно перекатываются «ледниковые мыши». Эти зеленые комочки, не превышающие 10 см в диаметре, вовсе не живые существа. Они формируются из сгустков пыли и органических остатков, на которых с течением времени нарастает мох.Казалось бы, ничего особенного в «мышах» нет, однако ученым удалось обнаружить в них целую экосистему. Так, в этих комочках живут и «путешествуют» шестиногие ногохвостки, крошечные тихоходки и черви нематоды. Во время исследования в одной такой «мыши» было найдено 73 ногохвостки, 200 тихоходок и 1000 нематод. Причем, все эти обитатели были разных возрастов, что говорило о существовании в небольшом «шарике» нескольких поколений.Давайте посмотрим на них подробнее …Фото 2.Так чем же привлекает это необычное жилище стольких животных? Дело в том, что «ледниковые мыши» хорошо впитывают влагу, а значит, в них поддерживается постоянная влажность, которую так любят все обитатели этого «дома». И кроме того, слой мха обеспечивает более высокую, чем снаружи, температуру. Исследовав несколько комочков, ученые заметили, что температура в них колебалась от 2 до 10 °C, тогда как снаружи температура была равна 0 °C. И к тому же, в каждой «мыши» содержалось около грамма воды, что более чем достаточно для того, чтобы её обитатели жили в постоянно увлажненной среде.Интересно, что «ледниковые мыши» могут просуществовать несколько лет, после чего разваливаются, вынуждая животных искать новый дом.Фото 3.Температура поверхности ледника даже в самое теплое время держится на уровне нуля градусов Цельсия. Для живых организмов, которые большей частью состоят из воды, это не самые комфортные условия. Выход из положения — обогревать друг друга, укрывшись общим «одеялом». А «ледниковые мыши» предлагают именно такие условия обитания: за счет слоя мха, который не дает теплу утекать, внутри у них от 2 до 10 градусов Цельсия.Фото 4.Разбирая содержимое «мыши», Коулсон извлек на свет больше 1000 круглых червей и 73 ногохвостки Pseudisotoma sensibilis: этих шестиногих существ иногда относят к числу насекомых. А еще в отдельных мышах умещались целых 73 тихоходки — они известны своей способностью выжить в открытом космосе и даже превратиться в засохшую мумию, которая потом, едва условия среды улучшатся, оживает из мертвых.Фото 5.Все эти арктические беспозвоночные довольно неприхотливы, но все-таки нуждаются в воде. И тут оболочка из мха снова приходит им на помощь: она, как губка, собирает и впитывает влагу со льда. «Мышь», по оценкам биологов, невероятно устойчива: один шарик может путешествовать, подчиняясь только ветру, около двух лет, и только потом развалится окончательно.Обитатели ледниковой мыши — не первые беспозвоночные, которые способны выжить во льдах. Ученым уже известны ледниковые черви и даже глетчерные блохиФото 6.Фото 7.Фото 8.Фото 9.источникиhttp://www.nat-geo.ru/article/1215-lednikovyie-myishi/http://www.geo.ru/nauka/perekati-aisberghttp://www.amusingplanet.com/2014/12/glacier-mice-rolling-stone-does-gather.htmlИсточник фото - https://www.flickr.com/photos/carsten_tb/15208085651/?rb=1Вот такие еще бывают интересные природные явления: Световые столбы. Или вот еще из зимних - Полярное, оно же северное сияние. Напомню вам еще про такие явления, как Ледяной палец смерти. А вот Пенитентес — знаете что это ? Я уже вам как то показывал, какие бывают ЛЕДЯНЫЕ ЦВЕТЫ и ЛЕДЯНЫЕ КОЛОБКИ. Ну и посмотрите, какие бывают Японские сугробы

17 ноября, 21:50

Wall Street Traders Used Chat Rooms To Rig Treasury Auctions, Federal Lawsuit Alleges

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Over the past several months, as we followed HSBC's currency scandal involving trader Mark Johnson who netted his firm $8 million in illicit profits by front-running a $3.5 billion client order, we frequently noted that Johnson was nothing more than a convenient scapegoat for a global financial industry that is rife with similar front-running scams that go unnoticed. That said, to our complete 'shock' the NY Post today highlights another front-running scam allegedly perpetrated by Wall Street's finest at the expense of their clients.  According to new documents published in a class action lawsuit filed by a number pension funds and wealthy individual investors, some of Wall Street's largest primary dealers in the U.S. Treasury market habitually, and illegally, shared client orders via online chat rooms to order to game Treasury auctions. Wall Street banks secretly shared client information in online chat rooms in order to rig auctions for the $14 trillion US Treasurys market, according to an explosive lawsuit filed in Manhattan federal court on Wednesday.   The move wrongly fattened the banks’ profits and picked profits from clients, the suit claims.   The new accusations, leveled by several pension funds and wealthy individual investors, are contained in an expanded class-action suit originally filed in July 2015 — and include an unusual twist: Some of the evidence came from confidential informants and one of the banks sued in the earlier action.   That bank is now cooperating with the plaintiffs in the massive civil action, and is providing an in-depth look into how Wall Street allegedly conspired to rig Treasury bond trades. As our readers are undoubtedly aware, typically, the Treasury holds an auction, then banks submit their bids for US debt based on how much they think those bonds are worth. The Treasury then doles out the bonds proportionately to the bidders at the same price. The bank that asked for the best price gets the most bonds. Traders at the Wall Street banks shared the prices that their clients had sought to buy the bonds, giving each of the banks in the alleged cartel a clearer picture of what they thought the market was, and a better chance at getting a bigger share of the bonds to sell, according to the complaint. So, which banks would participate in such a scheme?  Surely none of the marquee names on wall street, right? The amended suit tightens its focus on a select number of banks, naming Goldman Sachs, Morgan Stanley, the Royal Bank of Scotland, BNP Paribas, and UBS, among others, as the firms behind the rigging, which they allege occurred from Jan. 1, 2007, to mid-2015.   The funds continue to allege the banks mined their own customers’ bids for Treasury bonds to get a bigger share of the auction, and sell the bonds for more profit.   Probes on the auction practices are being conducted by the Justice Department, the Securities and Exchange Commission and other federal, state and overseas regulators, sources said. No regulator has accused any bank of wrongdoing. Of course, we're sure this is all just another big misunderstanding by a DOJ that is just trying to "criminalize behavior that is normal."

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17 ноября, 18:11

Wall Street Banks Held for Rigging Treasury Bond Auctions

Banks like Goldman Sachs (GS), Morgan Stanley (MS) and others have been accused of sharing confidential client information to rig the Treasury bond auctions.

17 ноября, 08:01

Royal Bank of Scotland to launch robo-advice under NatWest brand

Automated online service is aimed at customers who lack confidence to invest alone

16 ноября, 04:50

Why Australia's Economy Is A House Of Cards

Authored by Matt Barrie via Medium.com, Co-authored with Craig Tindale. I recently watched the federal treasurer, Scott Morrison, proudly proclaim that Australia was in “surprisingly good shape”. Indeed, Australia has just snatched the world record from the Netherlands, achieving its 104th quarter of growth without a recession, making this achievement the longest streak for any OECD country since 1970.   Australian GDP growth has been trending down for over forty yearsSource: Trading Economics, ABS I was pretty shocked at the complacency, because after twenty six years of economic expansion, the country has very little to show for it. For over a quarter of a century our economy mostly grew because of dumb luck. Luck because our country is relatively large and abundant in natural resources, resources that have been in huge demand from a close neighbour. That neighbour is China. Out of all OECD nations, Australia is the most dependent on China by a huge margin, according to the IMF. Over one third of all merchandise exports from this country go to China- where ‘merchandise exports’ includes all physical products, including the things we dig out of the ground. Source: Austrade, IMF Director of Trade Statistics Outside of the OECD, Australia ranks just after the Democratic Republic of the Congo, Gambia and the Lao People’s Democratic Republic and just before the Central African Republic, Iran and Liberia. Does anything sound a bit funny about that? Source: Austrade, IMF Director of Trade Statistics As a whole, the Australian economy has grown through a property bubble inflating on top of a mining bubble, built on top of a commodities bubble, driven by a China bubble. Unfortunately for Australia, that “lucky” free ride is just about to end. Societe Generale’s China economist Wei Yao said recently, “Chinese banks are looking down the barrel of a staggering $1.7 trillion?—?worth of losses”. Hyaman Capital’s Kyle Bass calls China a “$34 trillion experiment” which is “exploding”, where Chinese bank losses “could exceed 400% of the U.S. banking losses incurred during the subprime crisis”. A hard landing for China is a catastrophic landing for Australia, with horrific consequences to this country’s delusions of economic grandeur. Delusions which are all unfolding right now as this quadruple leveraged bubble unwinds. What makes this especially dangerous is that it is unwinding in what increasingly looks like a global recession- perhaps even depression, in an environment where the U.S. Federal Reserve (1.25%), Bank of Canada (1.0%) and Bank of England (0.25%) interest rates are pretty much zero, and the European Central Bank (0.0%), Bank of Japan (-0.10%), and Central Banks of Sweden (-0.50%) and Switzerland (-0.75%) are at zero or negative interest rates. Summary of Current Interest Rates from Central Banks (16th October 2017). Source: Global-rates.com As a quick refresher of how we got here, after the Global Financial Crisis, and consequent recession hit in 2007 thanks to delinquencies on subprime mortgages, the U.S. Federal Reserve began cutting the short-term interest rate, known as the ‘Federal Funds Rate’ (or the rate at which depository institutions trade balances held at Federal Reserve Banks with each other overnight), from 5.25% to 0%, the lowest rate in history. When that didn’t work to curb rising unemployment and stop growth stagnating, central banks across the globe started printing money which they used to buy up financial securities in an effort to drive up prices. This process was called “quantitative easing” (“QE”), to confuse the average person in the street into thinking it wasn’t anything more than conjuring trillions of dollars out of thin air and using that money to buy things in an effort to drive their prices up. Systematic buying of treasuries and mortgage bonds by central banks caused the face value of on those bonds to increase, and since bond yields fall as their prices rise, this buying had the effect of also driving long-term interest rates down to near zero. Both short and long term rates were driven to near zero by interest rate policy and QE. Source: Bloomberg, CME Group In theory making money cheap to borrow stimulates investment in the economy; it encourages households and companies to borrow, employ more people and spend more money. An alternative theory for QE is that it encourages buying hard assets by making people freak out that the value of the currency they are holding is being counterfeited into oblivion. In reality, the ability to borrow cheap money was mainly used by companies to buy back their own shares, and combined with QE being used to buy stock index funds (otherwise known as exchange traded funds or “ETFs”), this propelled stock markets to hit record high after record high even though this wasn’t justified the underlying corporate performance. Almost all flows into the equity market have been in the form of buybacks. Source: BofA Merrill Lynch Global Investment Strategy, S&P Global, EPFR Global, Convexity Maven In literally a “WTF Chart of the Day” on September 11, 2017, it was reported that the central bank of Japan now holds 75% of all ETFs. No, not ‘owns units in three out of four ETFs’?—?the Bank of Japan now owns three quarters of all assets by market value in all Japanese exchange traded funds. In today’s world Hugo Chavez wouldn’t need to nationalise assets, he could have just printed money and bought them on the open market. Bank of Japan now owns 75% of all Japanese ETFs. Source: Zerohedge Europe and Asia were dragged into the crisis, as major European and Asian banks were found holding billions in toxic debt linked to U.S. subprime mortgages (more than 1 million U.S. homeowners faced foreclosure). One by one, nations began entering recession and repeated attempts to slash interest rates by central banks, along with bailouts of the banks and various stimulus packages could not stymie the unfolding crisis. After several failed attempts at instituting austerity measures across a number of European nations with mounting public debt, the European Central Bank began its own QE program that continues today and should remain in place well into 2018. In China, QE was used to buy government bonds which were used to finance infrastructure projects such as overpriced apartment blocks, the construction of which has underpinned China’s “miracle” economy. Since nobody in China could actually afford these apartments, QE was lent to local government agencies to buy these empty flats. Of course this then led to a tsunami of Chinese hot money fleeing the country and blowing real estate bubbles from Vancouver to Auckland as it sought more affordable property in cities whose air, food and water didn’t kill you. QE was only intended as a temporary emergency measure, but now a decade into printing and the central banks of the United States, Europe, Japan and China have now collectively purchased over US$19 trillion of assets. Despite the lowest interest rates in 5,000 years, the global economic growth in response to this money printing has continued to be anaemic. Instead, this stimulus has served to blow asset bubbles everywhere. Total assets held by major central banks. Source: Haver Analytics, Yardeni Research This money printing has lasted so long that the US economic cycle is imminently due for another downturn- the average length of each economic cycle in the U.S. is roughly 6 years. By the time the next crisis hits, there will be very few levers left for central banks to pull without getting into some really funny business. It wasn’t until September 2017 that the U.S. Federal Reserve finally announced an end to the current program, with a plan to begin selling-off and reducing its own US$4.5 trillion portfolio beginning in October 2017. How these central banks plan to sell these US$19 trillion in assets someday without completely blowing up the world economy is anyone’s guess. That’s about the same in value as trying to sell every single share in every single company listed on the stock markets of Australia, London, Shanghai, New Zealand, Hong Kong, Germany, Japan and Singapore. I would think a primary school student would be able to tell you that this is all going to end up going horribly wrong. To put into perspective how perverted things are right now, in September 2017, Austria issued a 100 year euro denominated bond which yields a pathetic 2.1% per annum. That’s for one hundred years. The buyers of these bonds, who, on the balance of probability, were most likely in high school or university during the global financial crisis, think that earning a miniscule 2.1% per annum every year over 100 years is a better investment than well anything else that they could invest in- stocks, real estate, you name it, for one hundred years. They are also betting that inflation won’t be higher than 2.1% on average for one hundred years, because otherwise they would lose money. This is even though in 20 years time they’ll be holding a bond with 80 years left to go to be paid out in a currency that may no longer exist. The only way the value of these bonds will go up is if the world continues to fall apart, causing the European Central Bank to cut its interest rate further and keep it lower for 100 years. Since the ECB refinancing rate is currently zero percent, that would mean that if you wanted to borrow money from the European Central Bank, it would literally have to pay you for the pleasure of borrowing money from it. The other important thing to remember is that on maturity, everyone that bought that bond in September will be dead. So if one naively were looking at markets, particularly the commodity and resource driven markets that traditionally drive the Australian economy, you might well have been tricked into thinking that the world was back in good times again as many have rallied over the last year or so. The initial rally in commodities at the beginning of 2016 was caused by a bet that more economic stimulus and industrial reform in China would lead to a spike in demand for commodities used in construction. That bet rapidly turned into full blown mania as Chinese investors, starved of opportunity and restricted by government clamp downs in equities, piled into commodities markets. This saw, in April of 2016, enough cotton trading in a single day to make a pair of jeans for everyone on the planet, and enough soybeans for 56 billion servings of tofu, according to Bloomberg in a report entitled “The World’s Most Extreme Speculative Mania Unravels in China”. Market turnover on the three Chinese exchanges jumped from a daily average of about $78 billion in February to a peak of $261 billion on April 22, 2016?—?exceeding the GDP of Ireland. By comparison, Nasdaq’s daily turnover peaked in early 2000 at $150 billion. While volume exploded, open interest didn’t. New contracts were not being created, volume instead was churning as the hot potato passed between speculators, most commonly in the night session, as consumers traded after work. So much so that sometimes analysts wondered whether the price of iron ore is set by the market tensions between iron ore miners and steel producers, or by Chinese taxi drivers trading on apps. Average futures contract holding times for various commodities. Source: Bloomberg In April 2016, the average holding period for steel rebar and iron ore contracts was less than 3 hours. The Chief Executive of the London Metal Exchange, said “Why should steel rebar be one of the world’s most actively-traded futures contracts? I don’t think most people who trade it know what it is”. Steel, of course, is made from iron ore, Australia’s biggest export, and frequently the country’s main driver of a trade surplus and GDP growth. Australia is the largest exporter of iron ore in the world, with a 29% global share in 2015–16 and 786Mt exported, and at $48 billion we’re responsible for over half of all global iron ore exports by value. Around 81% of our iron ore exports go to China. Unfortunately, in 2017, China isn’t as desperate anymore for iron ore, where close to 50% of Chinese steel demand comes from property development, which is under stress as house prices temper and credit tightens. In May 2017, stockpiles at Chinese ports were at an all time high, with enough to build 13,000 Eiffel Towers. Last January, China pledged “supply-side reforms” for its steel and coal sectors to reduce excessive production capacity. In 2016, capacity was cut by 6 percent for steel and and 8 percent for coal. In the first half of 2017 alone, a further 120 million tonnes of low-grade steel capacity was ordered to close because of pollution. This represents 11 percent of the country’s steel capacity and 15 percent of annual output. While this will more heavily impact Chinese-mined ore than generally higher-grade Australian ore, Chinese demand for iron ore is nevertheless waning. Over the last six years, the price of iron ore has fallen 60%. Iron ore fines 62% Fe CFR Futures. Source: Investing.com While the price of iron ore briefly rallied after the U.S. election in anticipation of increasingly less likely Trumponomics, DBS Bank expects that global demand for steel will remain stagnant for at least the next 10–15 years. The bank forecasts that prices are likely to be rangebound based on estimates that Chinese steel demand and production have peaked and are declining, that there are no economies to buffer this slowdown in China, and that major steel consuming industries are also facing overcapacity issues or are expected to see lower growth. Australia’s second biggest export is coal, being the largest exporter in the world supplying about 38% of the world’s demand. Production has been on a tear, with exports increasing from 261Mt in 2008 to 388Mt in 2016. Australian Coal Exports by Type 1990–2035 (IEA Core Scenario). Source: International Energy Agency, Minerals Council of Australia While exports increased by 49% over that time period, the value of those exports has collapsed 38%, from $54.7 billion to $34 billion. The only bright side for Australian coal in 2017 was that, unexpectedly, Cyclone Debbie wiped out several railroads and forced the closure of ports and mining operations, which has caused a temporary spike in coal prices. Australian Thermal Coal Prices. (12,000- btu/pound,

08 ноября, 16:21

Frontrunning: November 8

A year in: U.S. stock market under Trump's shadow (Reuters) Democrats’ Wins in Virginia, New Jersey Fan Hopes for Anti-Trump Momentum (WSJ) New York Gives De Blasio a Second Chance, Re-Electing Him as Mayor (BBG) Democrat Wins New Jersey Governor’s Race as Voters Pan Christie, Trump (BBG) Trump Starts China Visit Seeking Progress on Trade and North Korea (BBG) China's Xi fetes Trump on first day of Beijing trip(Reuters) China October exports, imports growth slow as economy cools (Reuters) The House Tax Cut: Who Gets What  (BBG) Here’s Where the GOP Tax Bill Stands Right Now (BBG) IMF's Lagarde warns protectionism, while now just words, may come to hurt Asia (Reuters) Streaming Dreams Drove Disney’s Interest in Fox Assets (WSJ) China's Tencent buys 12 percent stake in Snapchat owner (Reuters) Gun-Record Lapses Under Scrutiny After Texas Shooting (WSJ) Carl Icahn’s $5 Billion Bet on the Future of Car (BBG) Apple to Ramp Up Work on Augmented Reality Headset (BBG) Catalan leader's farmhouse pact to make last stand in Brussels (Reuters) These Companies Have Added $1.5 Trillion Since Last Election Day (BBG) Wall Street Is Fighting a CFPB Deal Over Billions in Defaulted Student Loans (BBG) UCLA basketball players arrested in China ahead of Trump's visit: reports (Reuters) Overnight Media Digest WSJ - Toyota Motor Corp on Tuesday raised its profit projections for the year ending March 31, saying it could boost sales and rein in costs, but the U.S. market continues to weigh on earnings. on.wsj.com/2Asj9C8 - Investors in Outcome Health on Tuesday sued the Chicago advertising startup and its two founders, claiming fraud and breach of contract some eight months after investing nearly $500 million in the company. on.wsj.com/2AseqQM - Private-equity firm Blackstone Group LP is planning to sell its majority stake in a Chinese maker of medical devices, according to people familiar with the situation, as it tries to exit an investment made just three years ago. on.wsj.com/2AsfbcA - The Saudi government is aiming to confiscate cash and other assets worth as much as $800 billion in its broadening crackdown on alleged corruption among the kingdom's elite, according to people familiar with the matter. on.wsj.com/2AsfRPa - U.S. President Donald Trump opened a door to negotiations with North Korea, shifting his tone while the U.S. Navy prepared for a rare display of strength nearby. Trump urged North Korean leader Kim Jong Un to talk. on.wsj.com/2AttduK - Chinese e-commerce company JD.com Inc plans to import $2 billion worth of U.S. beef and other food products, a person familiar with the matter said, in one of number of agreements tied to U.S. President Donald Trump's China summit. on.wsj.com/2AqPyJb   FT * British broadcaster Sky Plc has said that it could shut down Sky News if its ownership of the channel proves to be an obstruction to the proposed 11.7-billion-pound ($15.41 billion) takeover of the European pay-television operator by Rupert Murdoch’s Twenty-First Century Fox. * Alphabet Inc’s Waymo will launch a ride-hailing service with no human behind the steering wheel and has been testing the fully self-driving cars on public roads in Arizona, Chief Executive John Krafcik said on Tuesday. * William Ackman lost the bid for three board seats on Automatic Data Processing Inc on Tuesday, the latest in a string of public defeats for Ackman, who raised $500 million from investors to take a stake in ADP.   NYT - Syria announced during United Nations climate talks on Tuesday that it would sign the Paris agreement on climate change. The move, which comes on the heels of Nicaragua signing the accord last month, will leave the United States as the only country that has rejected the global pact. nyti.ms/2iD4HiN - On Tuesday, Snap Inc reported revenue for the third quarter that missed Wall Street expectations and also posted a larger-than-expected loss, as well as high costs. In the aftermath, its stock plunged about 20 percent in after-hours trading but recovered slightly. nyti.ms/2iCAcsY - Jarl Mohn, the chief executive of National Public Radio, said on Tuesday that he would take a leave of absence because of health problems. His decision came at a time when the public radio network is grappling with the aftershocks of a sexual harassment scandal. nyti.ms/2iEy2cG - Sina Corp, the Chinese internet company, won a proxy fight against American hedge fund Aristeia Capital last week. On Tuesday, it doubled down to avoid further challenges from activist investors. nyti.ms/2iDgmhn - Activist investor William Ackman suffered a stinging rebuke on Tuesday, failing in his campaign to shake up the board of Automatic Data Processing Inc, the $50 billion payroll-processing firm. nyti.ms/2iDgjlH   Canada THE GLOBE AND MAIL ** Russia says it has blacklisted dozens of "Canadian political actors pursuing a toxic Russophobic agenda" in retaliation for Canada's decision to sanction 30 Russian officials, but refuses to say who is on that list. tgam.ca/2hf0Lo7 ** Ontario is opening up some of its regulations to give financial startups more opportunities to test new products and services by creating a "regulatory super sandbox", which is a set of rules that exempts firms from some requirements so they can experiment with new business models and products. tgam.ca/2hdYgSG ** Members of Vancouver's development industry were aghast on Tuesday at a rare decision by the city's top bureaucrats to reject the application for a controversial building in Chinatown that complied with zoning and had been green-lighted by three levels of city administration. tgam.ca/2hdUusQ NATIONAL POST ** Chevron Corp is ramping up spending in the Duvernay shale basin, after spending three years exploring its potential. "The Duvernay is one of the most prospective liquids-rich shale plays in North America," Chevron Canada President Jeff Gustavson said. bit.ly/2hf1SnK ** The U.S. Congress has been mulling changes in the way American individuals abroad are taxed by shifting from a citizen-based income-tax system to a residence-based system that would only tax people on the income they earn in the United States. Americans abroad would no longer be taxed on worldwide income simply because they are U.S. citizens; they would only have to pay tax to the country where they live. bit.ly/2he1eXk   Britain The Times British utility SSE Plc and German company Innogy SE's British retail subsidiary Npower are in talks to spin off their energy supply businesses and combine them into a new independent utility giant, in a radical shake-up of the UK market. bit.ly/2ArOqVW Professionals provided for free by City firms to Royal Bank of Scotland Group Plc's restructuring unit abused their position by passing confidential information back to their parent companies, The Times reported. bit.ly/2Aqg19U The Guardian The Institute for Fiscal Studies, a tax and spending watchdog, said plans for a reduction in tax credits which boost the incomes of low paid workers will take a particularly large toll on households where one or more adults face cuts in hours or lower wages. bit.ly/2j9pqyC Treasury select committee will examine the debt levels of UK households as well as whether consumers are saving adequately as Britain leaves the European Union. Problem debt and the treatment of low income families by banks will also form part of the inquiry. bit.ly/2j93Bik The Telegraph Sky Plc has warned it could close down Sky News if it proves a sticking point with regulators in its 11.7 billion pounds ($15.41 billion) takeover by Murdoch-owned 21st Century Fox. bit.ly/2ApWqqi Tata Steel Ltd is investing 30 million pounds ($39.51 million)in its Port Talbot steelworks in a move the company says shows its "commitment" to the industry in the UK. bit.ly/2ArFMGL Sky News The boards of 250 of Britain's largest companies will this week be challenged to promote more women to senior leadership roles amid a cacophony of criticism about gender diversity and sexual discrimination in the public and private sectors. bit.ly/2Arz7wo Former Welsh government minister Carl Sargeant, who was suspended last week amid allegations about incidents with women, has died. bit.ly/2ArTbPi The Independent The EU's competition chief has asked Apple Inc to provide details of its latest tax structure as regulators try to recover 13 billion euros ($15.07 billion)in back taxes to Ireland. ind.pn/2ArhTiJ  

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08 ноября, 16:05

Deutsche Bank to Attain Cost-Saving Target Through Layoffs

Deutsche Bank (DB) plans to cut about thousands of jobs and close branches in order to reduce costs to combat falling revenues.

07 ноября, 19:00

Как через золото захватывают мир

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ИА REX опубликовало интереснейший и очень важный документ – доклад Радики Десай из Университета канадской провинции Манитоба «Финансовые кризисы и конец доллара как мировой валюты». За его основу взята подготовленная ею и коллегами статья «Геополитическая экономика: после американской гегемонии, глобализации и империи» (Geopolitical Economy: After US Hegemony, Globalization and Empire). Основная мысль доклада состоит в […]

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05 ноября, 19:30

Vince Cable attacks RBS over mistreatment of small business customers

Lib Dem leader criticises Ross McEwan for lack of ‘genuine contrition’ and calls for bank to set aside more funding in compensationSir Vince Cable has criticised the Royal Bank of Scotland boss, Ross McEwan, for his failure to show “genuine contrition” over the bank’s mistreatment of small business customers in the aftermath of the financial crisis.The Liberal Democrat leader also said the bailed-out bank must put aside more money – on top of the £400m already committed – to compensate firms affected by the bank’s now defunct global restructuring group (GRG), in the five years after the 2008 banking crisis. Continue reading...

04 ноября, 00:53

С днём рождения.

В ноябре несколько членов Британской Королевской семьи празднуют свои дни рождения. Дэвид Альберт Чарльз Армстронг-Джонс родился 3 ноября 1961 года в Кларенс-Хаусе, Лондон. Первый ребенок единственной сестры королевы Принцессы Маргарет и ее мужа, Энтони Армстронг-Джонса, графа Сноудон. При рождении был пятым в очереди на престол. Он женился на Серене Стэнхоуп в 1993 году, и у пары есть двое детей. После смерти отца он стал графом Сноудон 2.Луиза Элис Элизабет Мэри родилась 8 ноября 2003 года в больнице Фримли-Парк, Суррей, первый ребенок графа и графини Уэссекса. Она родилась преждевременно после того, как ее мать была доставлена в больницу. После споров, какое имя она будет носить, её родители объявили, что она будет известна как Леди Луиза Виндзор. Леди Луиза присутствует на крупных королевских мероприятиях, она одиннадцатая в линии наследования.Чарльз Филипп Артур Джордж родился 14 ноября 1948 года в Букингемском Дворце, Лондон. Он был первым ребенком, тогда еще принцессы Елизаветы, наследницы престола и ее супруга Принца Филиппа, герцога Эдинбургского. Чарльз родился всего за несколько дней до первой годовщины свадьбы родителей. Его рождение, как и брак родителей были в то время, когда страна еще не оправилась от Второй Мировой Войны. Он стал наследником на престол 6 февраля 1952 г. и первый в Британской истории, кто так долго ждёт.... Питер Марк Эндрю Филлипс первый внук королевы, родился 15 ноября 1977 года в больнице Святой Марии, Паддингтон. Он был первым ребенком принцессы Анны и ее первого мужа Марка Филлипса. При рождении он был пятым в очереди на престол, по решению его родителей не имеет титула и официальных обязанностей, но участвует во всех семейных торжествах. Он получил образование в Gordunstun и университетe Эксетера, Питер работает менеджером в Royal Bank of Scotland.Он женился на Отем Келли в 2008 году, и пара имеет двух дочерей.

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03 ноября, 07:30

Bob Diamond had gumption trying to buy RBS

Former UK prime minister Gordon Brown reveals audacious move in new memoir

01 ноября, 17:43

Growing Merchant Base Drives Shopify's (SHOP) Q3 Earnings

Shopify (SHOP) reports better-than-expected third-quarter 2017 results on the back of a solid merchant base.

01 сентября 2016, 07:54

Зомби банки

Современные банки используют невероятное множество приемов для сокрытия реальных финансовых результатов, манипулируя отчетностью, перераспределяя убыточные позиции через различные дочерние подразделения или выводя их в момент отчетности через производные финансовые инструменты. Даже находясь в чудовищных убытках, превышающие способность банка эти убытки обслуживать, сам банк может демонстрировать, что все отлично. Уже проходили в 2006-2008 и знаем.Оценить реальное состояние крупных финансовых структур через публичную отчетность технически и даже теоретически невозможно. Даже регулирующие структуры с высоким уровнем доступа могут быть введены в заблуждение умелой манипуляцией и подтасовкой информации. Сама по себе чистая прибыль априори является бумажным показателем и далеко не всегда коррелирует с денежными потоками и способностью обслуживать действующие обязательства.Это больше демонстрирует тенденции, чем реальную устойчивость. Однако, есть ориентиры, которые могут идентифицировать предел устойчивости – последовательность убытков, величина убытков от общих активов, от действующей выручки и что главное – от капитала.Красная черта – 3 квартала подряд убытков, около 0.5% убытков от активов в год, 15% от капитала и 20% от выручки. У этой границы, как правило, требуется принудительная реструктуризация активов, неизбежная санация и перестройка системы управления банком.На этот раз небольшой обзор крупнейших банков Западной Европы.Данные по чистой прибыли за год. Квартальная выборка не позволяет вычленить столь продолжительные ряды, а во-вторых, периодичность публикации результатов различна – кто то в квартал, но многие за пол года. Поэтому для полной картины – за год и поэтому только по 2015. Банки Греции, Португалии, Кипра и Ирландии в обзор не попали в виду своей ничтожности в объеме всех активов банков Западной Европы. Данные по ING в сопоставимом виде не получены.Собственно, в состоянии зомби пребывают, как минимум 4 финансовые структуры - Royal Bank of Scotland Group (этот особенно плохо, никто в мире так ужасно не выступает, как RBS - там форменная катастрофа), Barclays, Lloyds Banking Group и Unicredit. В тяжёлом состоянии Deutsche Bank и испанские банки. Английские банки держатся исключительно за счет хороших связей с ФРС, ЕЦБ и с Банком Англии. Убери нерыночные механизмы поддержки и все ... банкроты.В устойчивом положении HSBC, BNP Paribas, Nordea, DNB, Svenska Handelsbanken и Swedbank, т.е. в основном скандинавские банки.Пока не затрагиваю причины такого положения – это потом, т.к. у каждого своя специфика. Однако те, кто в наиболее тяжелом положении – такое состояние обеспечили преимущественно за счет рынка активов, а не кредитного портфеля. В будущем я рассмотрю более подробно банки, т.к. в условиях революционных сдвигов в денежном рынке (отрицательные ставки) весьма интересно проследить за динамикой операционных показателей и изменения баланса.Но пока совершенно точно можно сказать, что американские банки в сравнении с европейскими более устойчивы.

20 февраля 2016, 19:05

25 самых богатых людей Британии

Для самых любопытных, раскроем секрет сразу: Елизаветы Второй в этом списке нет. По версии Sunday Times, скромная английская королева в текущем году не вошла даже в топ-300.