Snapshots that wow!
I hate you like I love you
Two of the largest #German banks have profiteered from the
Russian Ukraine war. #DeutscheBank has increased its
profits in Russia from €26ml=n before the war to €40mn in
2023, while #Commerzbank has more than tripled its profits
to €51mln. The German state holds a 15.8% stake in
Commerzbank.
Western lenders have benefited from the imposition of
#sanctions on most of the #Russian financial sector, which
has denied access to the Swift international interbank
payment system. That made international banks a financial
lifeline between Moscow and the West.
Source :Financial Times
Jo hai karta woh hai bharta, hai yahan ka yeh chalan
With 92 billionaires, Bombay ranks third in the list of cities with most billionaires.
Source: Visual Capitalist
Regional Crisis Galore!
“US small bank cash reserves plummeted by $258 billion last week below the level considered a constraint, according to ZeroHedge.
This excludes a $126 billion still sitting at the Fed’s emergency lending program that expired in March.
It marked the largest decline in bank deposits since April 2022 when $336 billion came out of the banking system.”
Source: Kobeissi Letter
Glassdoor opening doors to outperformance!
Glassdoor’s Best Places to Work Winners’ is an annual portfolio available for free, that has compounded wealth faster than SPX500. !
Source: Glassdoor
Diplomacy in a debt trap?
“China has provided developing countries with over $1.1
trillion in loans through its Belt and Road Initiative (BRI),
but this lending spree could be an issue in the future.
According to a 2023 report by AidData, 80% of these loans
involve countries in financial distress, raising concerns
about whether these nations will ever be able to repay their
debts.”
Source: Visual Capitalist
When you take it a tad bit too far