ABN Amro Bankers circumvent bonus ceiling; Blockupy stands up against ECB in Frankfurt
Today on The Janssen Report (#96) several astounding bank-related headlines this week: Dutch ABN Amro bank executives raise their pay by 17% to circumvent the government imposed bonus ceiling. Remember: this is a tax-payer bailed out bank. Former HSBC chairman Lord Green says he’s sorry about the HSBC tax scandal. …
De-dollarization continues while China gains traction with Asian Infrastructure Investment Bank
Today on The Janssen Report (#95): de-dollarization continues while China gets stronger on gold reserves & gains traction with their Asian Infrastructure Investment Bank… Some of today’s & recent headlines: Christine Lagarde of the IMF: Lagarde Warns World to Brace for Volatility If Fed Surprises. Pension fund grab in Greece, …
Bail-in is here: bank deposits at risk as Austrian bad bank wind-down goes awry!
Today on The Janssen Report (#94): the first bank bail-in of 2015 may have arrived! In Austria of all places (considered a very stable economy!), the HETA Asset Resolution AG turns out to have a capital shortfall of more than 7 billion euros. HETA is in fact the entity that …