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Friday, March 21

21st Mar - US bank stress tests



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EUROPE
Russia-Ukraine Crisis Threatens Europe Economy: Cutting Research – BB

Info graphics "The Single European Market" – DB Research
10 Facts About The Single European Market

European industrial policy: Limited scope for action in short term – DB Research

UNITED STATES
  BANK STRESS TESTS
Dodd-Frank Act Stress Test 2014 – FED
Supervisory Stress Test Methodology and Results March 2014

All big U.S. banks but one pass Fed's health test – Reuters
All of the big banks except for Zions Bancorp stayed above the 5 percent requirement for top-tier capital in the latest round of stress tests.

Stress Test Shows 29 of 30 Banks Meet or Top Capital Target – BB
The Fed’s annual stress tests found 29 of the 30 largest U.S. banks could withstand a deep recession and still pay dividends, fueling speculation about which firms will win approval next week to raise payouts.

Banks’ Split With Fed on Stress Test Seen Risking Payouts – BB
Goldman Sachs Citigroup staked out sharply divergent views from the Federal Reserve over how well they would perform in a market shock, as the central bank gauges the strength of U.S. lenders. Such discrepancies can lead the Fed to reject plans to pay out capital to shareholders.

The Stress Test Results in One Chart – WSJ

  VOLCKER RULE
Report Pegs Volcker Costs at Up to $4.3 Billion – WSJ
The Volcker rule is projected to cost major U.S. banks up to $4.3 billion, due largely to the lost value of investments in certain debt instruments, a federal bank regulator said Thursday.

Volcker Rule Will Cost Banks Up to $4.3 Billion, OCC Says – BB
The regulator estimates implementation costs between $413 million and $4.3 billion for banks it supervises, the OCC said in a report released yesterday…The Volcker Rule, which bans banks from making speculative trades with their own money and limits their stakes in certain private funds, was adopted Dec. 10 by five U.S. financial regulators.

  FEDERAL RESERVE
Yellen’s words vs what you heard – FT

Recap : More on the FOMC – Global Macro Trading

Fed's Kocherlakota blasts new rate guidance – Reuters
Fed's Kocherlakota Warns Fed Guidance Hurts Credibility, Not Dovish Enough – ZH

ASIA
China Beige Book Says Economy Slowing – BB

OTHER
Industrial Commodities Update – Short Side of Long
After a 3 year downtrend, Copper is moving into a panic sell off * Brent Crude is at a decision point and a breakdown looks likely!

FINNISH
Gennadi Timtšenko – Putinin rahoittaja vai väärinkäsityksen uhri? – HS

Miksi Venäjä vääjäämättä häviäisi taloussodan – Roger Wessman

Yritysjohtajat kaappasivat poliitikoilta vallan – TalSa
Tutkija Anu Kantolan mukaan politiikka on menettänyt asemaansa yhteiskunnassa. Talouselämän johtajat taas nousivat vallankäytön ytimeen, kun ihmiset innostuivat johtajien intohimoisesta asenteesta ja vetoavasta tyylistä. Suuntaa näyttivät Kalevi Keihänen ja Nokian Kairamo.

Arvonlisävero saattaa mennä remonttiin, lapsilisät verolle? – Iltasanomat