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Cory’s Chart Corner
Load MoreWow...RBC trying hard to obfuscate an 8x growth in loan losses with candy for the kiddies, buybacks and dividend hike. Morning other Danielle...
h/t @DiMartinoBoothBattening down the hatches with an eight-fold hike in loan loss provisions north of the border:
@RBC provisions for performing loans totaled C$568 million in the second quarter, up from C$68 million in the first three months of the fiscal year.
@business
Daily Archives: June 14, 2017
Plea for Glass-Steagall continues on Hill today
Excellent, must-understand-article from Paul Craig Roberts on the necessity for a return to hard divisions between taxpayer-backed bank deposits and product sales and speculation by investment banks, should be read by everyone. See: Without Glass-Steagall America will fail. I would … Continue reading
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Cov-lite loan madness back with a vengeance
Dramatically under-pricing capital risk has been the hallmark of the last 20 years of the most interventionist monetary policy in human history. Increasingly more reckless capital allocations have led to three successively larger financial bubbles–punctuated by two global busts to … Continue reading
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