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Swedbank Shares Plunge As Money Laundering Allegations Snowball, Manafort Implicated
In the competition to determine which European bank was responsible for the most egregious money-laundering violations, it's beginning to look like boring old Swedbank, Sweden's oldest lender, has muscled out Deutsche Bank (according to Maxine Waters, the reigning world money laundering champ) and Denmark's Danske Bank to claim the title. Read More >>
"So, first of all, let me assert my firm belief that the only thing we have to fear is fear itself" – Franklin Roosevelt March 4, 1933. Those infamous words were spoken by President Franklin D. Roosevelt at a time when the nation was mired in the great depression, and the stock market had collapsed 80% from the highs of 1929. Read More >>
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"Scary Hours" In Bond Market Rocked By "Crazy, Panicky" Moves
While some are ignoring the looming economic crunch and instead blame mortgage convexity hedgers for the sharp move lower in yields in the past week which led to the first inversion in the recession signalling 3M-10Y curve since 2007... Read More >>
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