Back in July of 2014, we reported that in an attempt to obtain if not compensation, then at least confirmation of bank manipulation in the precious metals industry, a group of silver bullion banks including Deutsche Bank, Bank of Nova Scotia and HSBC (later UBS was also added to the defendants) were accused of manipulating prices in the multi-billion dollar market.
Forget Doha, says the International Energy Agency (IEA), bet it all on US production crashing.
First, IEA says Doha Don't Matter...
A deal to freeze oil production by OPEC and non-OPEC producers will have a limited impact on global supply and markets are unlikely to rebalance before 2017, the International Energy Agency (IEA) said on Thursday.
Submitted by Dave Forest via OilPrice.com,
Readers the world over are still busy crawling through information from the “Panama Papers” leak - which has revealed how high-profile persons around the globe used corporate havens to dodge taxes.
And in Zimbabwe, they’re turning their attention to one particular name leaked in the documents: the country’s largest platinum miner.
Expectations of a "less terrible" first quarter for banks may have been premature following yesterday's stronger than expected JPM earnings report. First it was both PNC and Blackrock missing on the top and bottom line, but the highlight of the day was Bank of America which moments ago reported $0.20 in EPS, missing expectations of a $0.21 print, while revenue ex-DVA dropped by $1.4 billion to $19.7 billion, also missing expectations of a $20bn print. BofA reported Net Income of $2.68 billion, down from $3.1 billion one year ago.