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Category Archives: Financials

Financials news updates from John Lothian News.

JLN Financials: How They Got It So Wrong. Complacent Traders Stunned by Brexit; Europe’s Leaders Urge Britain To Leave Bloc Quickly; S&P says Britain’s ‘AAA’ credit rating untenable after Brexit vote Standard

First Impressions Not-So-Slow News DayJLN Staff The world just took a step toward hell in a handbasket. Britain voted to leave the European Union, its Prime Minister, David Cameron, announced he will resign, and the markets everywhere are plunging, as is the British pound. “Leave” won 52 percent to 48 percent. Scotland, which voted overwhelmingly to stay in the EU, is talking about a referendum on independence from Britain. While we at JLN generally stick to market structure, technology, regulation and the “non-price-oriented” risks to one’s business, sometimes prices are the story, and the culmination of these other risks. So…

JLN Financials: Tensions rise on eve of Britain’s EU vote; A $541 Million Loss Haunts Deutsche Bank And Former Trader Dixon; Questions for Yellen From Congress, but Not Quite to the Point Standard

First Impressions Yesterday’s ClickablesWe had a repeat offender at the top of the clicks yesterday, The IEX Exchange and Its Consequences for Investors. Brexit may dominate the news cycle, but it is nice to see that there is attention to spare for other major developments. Speaking of Brexit, George Soros’ The Brexit crash will make all of you poorer – be warned came in second. Pundits are equally likely to corroborate or lambast Soros’ point of view — but that’s Brexit in a nutshell. The third place story was related to London, but not Brexit: Fed’s Powell warns that dollar-based…

JLN Financials: The doom loop is back; The Brexit crash will make all of you poorer – be warned; Fed’s Powell warns that dollar-based Libor could disappear Standard

First Impressions Yesterday’s Most Clicked Last Friday, the SEC approved IEX’s application to become an exchange. Brad Katsuyama’s venture has gotten, and will continue to get, much coverage by the financial news media for its alternative take on the best way to structure an exchange. No surprise then that yesterday, Larry Tabb’s The IEX Exchange and Its Consequences for Investors got the top-click crown. The number two spot went to our own Sarah Rudolph and her profile of Billy Assimos, the Face of Ceres. Assimos is a CBOT institution in his own right — Ceres-ously. Finally, Bloomberg’s evaluation of intergenerational…

JLN Financials: The IEX Exchange and Its Consequences for Investors; Negative Rates Are the Tools of Our Elderly Oppressors; U.S. Economy Would Be ‘Diminished’ Under Trump’s Economic Plan, New Analysis Says Standard

First Impressions Billy Assimos, the Face of CeresSarah Rudolph – John Lothian News Along with the hand signals and colorful jackets, Ceres Cafe, the bar/restaurant housed in the Chicago Board of Trade Building, has long been a tradition in the Chicago trading world, and it has changed along with that world. For many traders and others who work in and around the building, Ceres has been like a second home – or second office – where they could go to catch up with other traders and brag or commiserate about the day’s trading action, gossip, eat, and enjoy the generous…

JLN Financials: Another Brexit Headache – Margin Calls And Contract Uncertainty; Why ‘Brexit’ Isn’t Game Over for These European Banks; The Brexit Briefs Standard

First Impressions From the TopBy John J. Lothian The Brexit debate came to a screeching halt yesterday in the UK when a member of Parliament was ruthlessly killed in her home town. As an American and a Chicagoan bombarded with news of endless shootings and death, this one struck me and made me pause. I do not expect this type of thing to happen in the UK, even with the heated debate going on. One has to wonder if this senseless act will impact the outcome of the approaching referendum. See the story below about the immediate market reaction. The…

JLN Financials: Kuroda Keeps BOJ Powder Dry With Brexit Battle Shadowing the Yen; Why Some Banks Are Hurt More Than Others by Falling Rates; Citi’s forex executives holidayed as staff prepared for Brexit Standard

First Impressions Yesterday’s Top ThreeSay what you will about the usefulness of the Fed’s “dot plot,” but you all clicked on it the most, so it’s got that going for it, which is nice. The ongoing efforts of banks, in this case Barclays, to improve working conditions got a nod from readers as Bloomberg’s Barclays Boosts Childcare Leave for U.S. Staff in Retention Push nabbed second place. A bunch of stories were lumped in third, the vast majority of which pertained to whether the Fed would hike once, twice or not at all in 2016 (the rest were, you guessed…

JLN Financials: Kuroda Keeps BOJ Powder Dry With Brexit Battle Shadowing the Yen; Why Some Banks Are Hurt More Than Others by Falling Rates; Citi’s forex executives holidayed as staff prepared for Brexit Standard

First Impressions Yesterday’s Top ThreeSay what you will about the usefulness of the Fed’s “dot plot,” but you all clicked on it the most, so it’s got that going for it, which is nice. The ongoing efforts of banks, in this case Barclays, to improve working conditions got a nod from readers as Bloomberg’s Barclays Boosts Childcare Leave for U.S. Staff in Retention Push nabbed second place. A bunch of stories were lumped in third, the vast majority of which pertained to whether the Fed would hike once, twice or not at all in 2016 (the rest were, you guessed…

JLN Financials: Fed Skips June Increase as Six Officials See One Hike in 2016; Fed leaves interest rates unchanged, signals two hikes this year; Don’t look to the breathless (and clueless) markets for Brexit predictions Standard

First Impressions Bits & Pieces By John J. Lothian We are full speed ahead with our MarketsWiki Education World of Opportunity series for Chicago and New York, coming up in July. You can sign up your newer employees, interns and anyone interested on the MarketsWiki Education page of www.johnlothiannews.com Speakers at our Chicago sessions include Walt Lukken (FIA), Gerry Corcoran (RJO), Karen Wuertz (NFA), Peter Nabicht, Julie Holzrichter (CME Group), Kate Maehr (Greater Chicago Food Depository), Rumi Morales (CME Group), JJ Kinahan (TD Ameritrade), Drew Shields (Trading Technologies), David Widerhorn (Neurensic), Lanre Surami (Riskbone) and Jeff Levoff (DRW). Speakers at…

JLN Financials: Fed Skips June Increase as Six Officials See One Hike in 2016; Fed leaves interest rates unchanged, signals two hikes this year; Don’t look to the breathless (and clueless) markets for Brexit predictions Standard

First Impressions Bits & Pieces By John J. Lothian We are full speed ahead with our MarketsWiki Education World of Opportunity series for Chicago and New York, coming up in July. You can sign up your newer employees, interns and anyone interested on the MarketsWiki Education page of www.johnlothiannews.com Speakers at our Chicago sessions include Walt Lukken (FIA), Gerry Corcoran (RJO), Karen Wuertz (NFA), Peter Nabicht, Julie Holzrichter (CME Group), Kate Maehr (Greater Chicago Food Depository), Rumi Morales (CME Group), JJ Kinahan (TD Ameritrade), Drew Shields (Trading Technologies), David Widerhorn (Neurensic), Lanre Surami (Riskbone) and Jeff Levoff (DRW). Speakers at…