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…

Apollo Global is no longer the “king of distress”: Josh Harris

InvestingHistorically, Apollo Global has been known as the king of distressed investments for its track record of taking distressed assets and turning a profit on them. However, the pandemic has changed the firm's approach to the markets, at least temporarily. Q2 2020 hedge fund letters, conferences and more At CNBC's Institutional Investor Delivering Alpha Conference, Read More