5 July, 2016 by The TZ Newswire Staff Comments Off on Italy Bans Short-Selling Of Imploding Monte Paschi
Italy Bans Short-Selling Of Imploding Monte Paschi
Having collapsed 99.7% from its July 2007 highs at EUR93, Banca Monte dei Paschi Siena – Italy’s 3rd largest bank – is in dire straits. And in confirmation that the fecal matter is about to strike a rotating object, Italian regulators just ‘temporarily’ banned short-selling of BMPS stock. Of course, with various other derivatives available to ‘hedgers’ or those dastardly speculators (note – 5Y Sub CDS at 1633bps, record highs), the pressure is anything but lifted. In fact, this likely puts more pressure on its peers.
5 July, 2016 by The TZ Newswire Staff Comments Off on Big Gains Among Some Small Names
Big Gains Among Some Small Names
U.S. stocks returned from their holiday weekend with fireworks of their own, though decidedly not the kind bulls like. As of the time of this writing equities opened down and the broader index that is the Standard and Poor’s benchmark was off about 70 basis points.
5 July, 2016 by The TZ Newswire Staff Comments Off on Here’s How Bitcoin’s Lightning Network Could Fail
Here’s How Bitcoin’s Lightning Network Could Fail
The Lightning Network is viewed by many in the Bitcoin community as the network’s best hope for long-term scalability.
5 July, 2016 by The TZ Newswire Staff Comments Off on Report: Startups Struggle to Raise Capital in Germany
Report: Startups Struggle to Raise Capital in Germany
In a report in Der Spiegel, Bitkom – “Germany’s Digital Association”, has revealed interim results of a survey on startups. According to the publication, less than half of survey respondents would want to launch a startup in Europe’s largest economy. Over 30% see launching in… Read More
5 July, 2016 by The TZ Newswire Staff Comments Off on Report: Startups Struggle to Raise Capital in Germany
Report: Startups Struggle to Raise Capital in Germany
In a report in Der Spiegel, Bitkom – “Germany’s Digital Association”, has revealed interim results of a survey on startups. According to the publication, less than half of survey respondents would want to launch a startup in Europe’s largest economy. Over 30% see launching in… Read More
5 July, 2016 by The TZ Newswire Staff Comments Off on EU Millennials in London: Devastated about Brexit
EU Millennials in London: Devastated about Brexit
EU migrants don’t know whether they will be able to stay in the U.K. when it leaves the EU.
5 July, 2016 by The TZ Newswire Staff Comments Off on Should You Buy Wells Fargo Now? (WFC, BRK-A)
Should You Buy Wells Fargo Now? (WFC, BRK-A)
Berkshire is seeking regulatory approval to take its Wells Fargo stake above 10%. Is it a positive for Well Fargo, or just an outcome of corporate restructuring?