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It turns out, according to the Committee of European Banking Supervisors (CEBS), the European banks aren’t half as stressed as everyone thought.
According to CEBS, the banks are only mildly tense, rather than stressed.
You’ve probably read, or at least skimmed over the details of the results already.
The upshot is that as today’s Australian Financial Review reports, [...]

Right now you may be wondering who the big winners from the stimulus programmes and banking bail outs have been, because it sure as hell hasn’t been you.
Well, look no further than two articles yesterday from Bloomberg News:
“Purchases of U.S. Existing Homes Probably Dropped as Credit’s Effect Waned”
That’s the story from Main Street, USA. [...]

The SNB can neither squash gold, nor (yet) destroy its own currency. But not for lack of trying…
GOOD JOB that gold bullion is just an inert lump of metal and holds no grudges.
Because twice in the last decade, the value of gold in the Swiss National Bank’s vaults has nearly halved as a proportion of [...]

The Bank of Japan? Check.
The Reserve Bank of Zimbabwe? Check.
The United States Federal Reserve? Check.
The Bank of England? Check.
The European Central Bank? Check.
The Reserve Bank of Australia? [Silence].
Not yet, reader. Will its time come to openly and brazenly print money?
We know it and the retail banks do it [...]

Carpathian Gold Inc. announce that it has concluded a gold purchase and sale agreement (the “Agreement”) for US$30 million with Macquarie Bank Limited (“Macquarie Bank”) for its RDM gold project (the “Project”) in Brazil. Closing is expected to take place upon delivery of final legal opinions and Brazilian central bank and regulatory approvals, all of [...]

Your editor will try to take a long weekend like most other people. Although, we’re on duty tomorrow morning for Money Weekend, plus we hope to have something a little different for you on Monday – providing everything goes according to plan.
But other than that we plan to sit back for a long weekend [...]

If your editor was a trader, the big trade we’d take a swing at now would be to bet against the banks again.
But make no mistake, when we mention the word ‘bet’ we mean it. We’re not talking about rigorous fundamental analysis that we do for Australian Small-Cap Investigator or Australian Wealth Gameplan. [...]

Westpac Banana Drama Video
Who’s going bananas ?

http://video.ninemsn.com.au/video.aspx?vid=0e55d1f5-d992-4529-8e84-2a579985434c&from=articleinline&fg=money^newsandanalysis^981507
Here is the spoof version of the Westpac Banana video clip

Ref :http://mumbrella.com.au/westpacs-banana-video-translated-14000
Westpac has been forced to remove an animated video on its website comparing its interest rate rise to the cost of bananas.
A spokeswoman for the bank said: “Following the feedback we have received today we have removed the [...]

Maybe if Macquarie Group’s Rory Robertson and his other economist chums (Westpac’s Bill Evans was riding the bandwagon at the weekend too) become disillusioned with their current BAK economic theory, they could give Pauline-Hansonomics a try.
We’ve received a few emails recently from Money Morning readers drawing our attention to former politician, chip-shop owner, and jailbird, [...]

“Bank dividend cuts likely as economy worsens” – AAP
The story was based on research from banking analyst Brian Johnson. He’s now at Credit Lyonnais’ research division in Sydney. Previously he was banking analyst at JPMorgan, where he was a mighty supporter of Macquarie Bank, tipping it to reach $120 a share before the [...]