Disaster

While there are numerous financial institutions in the world that are full of hidden NPLs and over-leveraged, trading at extreme levels of risk, the FSA's "Too-Interconnected-To-Fail" list of systemically critical banks is where global investors' attention is really focused.

BMO Capital Markets breaks down the world's most systemically critical financial institutions using their own "special sauce" of CDS levels, CDS term structure, equity price, liquidity, and spread trends.

Just as the S&P turned red, and oil crossed back into negative territory, this happens...

With the dollar tumbling and Dudley and Kuroda exposed as impotent, investors are rotating to the safety of not Biotechs but Bullion and Bonds. Gold just pushed above $1135 to 3-month highs, breaking above its crucial 200-day moving-average...

But will this break hold?

A mystery explosion on a Daallo Airlines flight ripped open a hole in the plane and forced the pilot to take emergency landing measures while thousands of feet in the air. Police are treating the blast as ‘suspicious’ and are questioning the passengers, leading to speculations that a bomb might have been responsible. A body was reportedly seen falling from the sky at the time of the explosion. The Mirror reports: Flight D3159, travelling from Somalia to Djibouti, caught fire just five minutes after taking off from Aden Adde International Airport in Mogadishu this morning.

Southern California was cleaning up after Sundays El Niño driven winds caused damage and power outages Thousands of households were left without electricity as storms downed trees and power poles in Southern California. Gusts of wind up to 115mph were recorded as heavy rain hit the west coast, causing massive outages and flooding on Sunday night.