Deutsche Bank dodges bullets and goes mainstream
PATRICK JENKINS , 06 April 2021
It is a striking paradox that postwar Germany has achieved sustained success as an economy, even with a flailing banking sector, headed by the flag-carrying Deutsche Bank, to underpin it. But there are signs the contradiction may be resolving.
Over the past three years, Deutsche has beaten its European rivals in share price terms — sketchy evidence, perhaps, especially as that share price has actually fallen and Deutsche has paid next to no dividends. But it is a notable outperformance nonetheless.
Continue reading “Article: Deutsche Bank dodges bullets and goes mainstream”
ZURICH (Reuters) -Credit Suisse said on Tuesday it will take a 4.4 billion Swiss franc ($4.7 billion) hit from dealings with Archegos Capital Management, prompting it to overhaul the leadership of its investment bank and risk division.
BCH Price rose over 10% on Monday, settling at $625 as at the time of writing. Bitcoin cash turned into a sideways consolidation in late February after hitting yearly highs at $773. While it’s recovering today, the barrier at $630 was strong and kept the BCH price confined below this level. Thus, it may be too early to call a breakout yet due to the weak upside momentum. Instead, the consolidation may likely extend further for a while. Currently, BCH is trading in the upper part of its consolidation range while targetting a breakout past the $630 barrier. 
President Biden has come under fire by House Republicans for ‘hypocritically’ using an IRS loophole to avoid paying taxes on $13 million in income for tax years 2017 and 2018, while slamming wealthy Americans for using similar schemes to minimize their tax burden, according to Fox News.
Anthony Migchels: “Henry, something big happened last week: the IMF is going to give out loans in SDR. Special Drawing Rights are their currency. By itself, they’re nothing special, but the IMF has always lent in Dollars.
Shares in GameStop fell on Monday after the video-game retailer said it may sell up to $1bn (£720m) worth of stock as it tries to make the best of the 900% surge in its shares from a Reddit-driven rally this year.
More than 2 months have passed since Robinhood shut off trading in Gamestop while the firm’s shares soared past the $400 mark, marking a historic confrontation between an army of GME-hodling “apes” and hedge funds like Melvin Capital, not to mention the mighty hedge fund-market maker Citadel, that would cement GME’s status as a favorite of the “Wall Street Bets” retail-trading army.
Blockchain evaluation agency, Chainalysis’ newest crime report has named Mirror Buying and selling Worldwide (MTI) as the largest cryptocurrency rip-off of 2020. Chainalysis arrived at this conclusion after an investigation discovered that MTI had taken in $589 million from greater than 471,000 deposits. In line with the report, MTI’s haul is considerably greater than that of Forsage and J-enco, the following greatest scams. Each scams raked in lower than $350 million every. 
SoftBank Group Corp. said today it has invested $2.8 billion to acquire a 40% stake in Norwegian warehouse automation company AutoStore AS.
Dusted off an anecdote from 2016 that explores the meaning of money. It is worth considering after a quarter in which the US dollar declined by more than 50% versus the dominant digital assets and the S&P 500 closed at an all-time high.