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Geldzug: COMMONWEALTH BANK’S FY19 RESULT: TRENCH WARFARE AHEAD

12 August 2019 The Commonwealth Bank of Australia (“CBA”) is Australia’s largest bank at $140.6 billion, and the most expensive of the Big Four, in terms of P/E, dividend yield, and price to book ratio. As such, its disappointing result for the year ended 30 June 2019 does not augur well for the other three big banks (who all have September year ends)... [read more]

2019-08-19T23:51:03+00:00August 19th, 2019|

Geldzug: FACEBOOK’S LIBRA: STAR SIGN OR TAMPON?

28 June 2019 Libra is planned to be a global cryptocurrency suitable for international transfers. Its value will be stable because it is based on a Reserve of high quality assets. There are many unanswered questions about Libra’s regulatory status, particularly about its compliance with anti money laundering rules. It will not be accepted in developed countries until it satisfies each country’s regulator. Libra can productively target remittances, which are an important segment of the global money transfer market. Remittances from rich countries to middle income and poor countries totalled USD $529 billion in 2018. The impact on Western banks [...]

2019-07-01T23:44:11+00:00June 28th, 2019|