Vault 7

Banks ponder vault cash in response to negative rates: Lending reality in a nutshell

Banks ponder vault cash in response to negative rates: Lending reality in a nutshell

By Mike “Mish” Shedlock Under guise of preventing fraud the ECB voted to kill the €500 note. Fraud was not the real reason. The real reason was to make it more difficult for banks to store physical cash to avoid negative interest penalties. Cash Under the Mattress Please consider Banks Seek Cheap Way to Store Cash…

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Agricultural commodities

Billionaire Investor Steven Cohen Blocked From Managing Commodities Hedge Funds

Billionaire Investor Steven Cohen Blocked From Managing Commodities Hedge Funds

— Editor’s note: This story originally appeared on our partner site, National Law Journal. Federal regulators have barred the billionaire investor Steven Cohen from managing commodity hedge funds until 2018, in a settlement that comes on the heels of a similar agreement with the Securities and Exchange Commission. The Commodity Futures Trading Commission accepted the settlement…

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