Category: Financial Institutions and Government

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Greek banks: Where are they now? (Financials)

Shrey Srivastava 22/11/18 The most severe economic depression for any country since the United States in the early 20th century (Chatham House, 2018) was the recession faced by Greece following the 2007-2008 financial crisis. Looking at the impact on some of the largest private banks in Greece, it remains clear that the road ahead is …

Chip War – US and China

Wenqian Zeng 16/11/18 US chipmaker Micron Technology (MU) has accused China’s advanced manufacturing enterprise Fujian Jinhua Integrated Circuit Co (JHICC) of stealing trade secrets 2. Following that, it has been announced that from 29th October onwards American companies are restricted to sell any crucial technology to JHICC (Pham, 2018). With the chip industry now being …

Raab resignation tanks pound:

Shrey Srivastava 16/11/18 Dominic Raab is the most prominent in a series of resignations of senior Conservatives, following Theresa May’s proposed Brexit deal with the EU. [1] The news comes after Jeremy Corbyn confirmed that the Labour Party would not support the deal [1]. Further backlash has included the MP for North East Somerset Jacob …

Buffett optimistic on US financials:

Shrey Srivastava 16/11/18   The $736bn (GuruFocus, 2018) asset manager Berkshire Hathaway has recently revealed that it has taken a $4bn stake in JPMorgan Chase, worth about 1.1% of their outstanding shares [1]. Berkshire has also invested billions of dollars into other US banks [2] to expand its huge long bet on the US financial …

JP Morgan is now in Warren Buffett’s Portfolio

Cong Minh Nguyen 16/11/2018 Warren Buffet only invests in what he himself is able to understand. For years, JP Morgan was associated with derivatives that Mr Buffet regarded as “financial weapons of mass destruction”, with the “London whale” fiasco of 2012, even regulators were so wary that they placed a secret restriction on the big …

BREXIT Chaos and potential tightness of tech startups:

Cong Minh Nguyen 16/11/2018   On Thursday, Theresa May made the solemn promise to fight for her Brexit deal despite the chaos within her party. The negotiated plan would help Britain maintain economic ties with the EU; meaning continued backlash from Brexiteers. Despite significant political loses from the resignation of Esther McVey and Dominic Raab, …