Tag Archives | investment banking

“I’m Sorry, America” says Fed’s official responsible for QE operations

Over the years, the blog has been very critical of the quality of people appointed by the US Federal Reserve to undertake the actual trading involved in its ‘Quantitative Easing’ (QE) programmes: In October 2008, it felt “distinctly underwhelmed” by news that the person supervising decisions on which financial institutions should live or die during the peak of the Crisis […]

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Investment banks reportedly dominated oil trading in US futures markets as prices spiked in June 2008

The investment banks have maintained a consistent focus on oil market supply disruptions and demand surges in recent years, alongside forecasts of sharply increasing prices. We discussed their role in more detail in the recently published Chapter 3 of our new free eBook, ‘Boom, Gloom and the New Normal‘. As the above chart from the […]

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Investment tip of the week

Following on from the blog’s note yesterday, an investment banker reader passed on a similar insight from the high yield sector of the bond market. Currently, retail investors are desperate for income-producing assets, with global interest rates very low by recent historical standards. So to help supply meet demand, her bank’s high yield bond team […]

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Major banks seem to “window-dress” their accounts

Its bad enough that many of the world’s major banks collectively lost $4 trn, whilst continuing to pay themselves $bns in bonuses. Equally sad was the fact that the heads of these banks seemed unable to understand the simple principle of fiduciary duty, when asked by the US Congress about their responsibilities to clients. But […]

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A satirical look at the subprime debacle

A reader has kindly sent me a YouTube link to a recent British television sketch featuring two masters of satire, John Bird and John Fortune. It takes the form of a mock-interview, with Bird playing the all-wise investment banker, and explaining to Fortune how subprime happened, and what a SIV might be. Not only is […]

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