How A Bunch Of French Math Nerds Built SocGen’s Now-Crumbling ‘Structured Products’ Empire

September 29, 2020@3:15 AM TFP Editor 0

How A Bunch Of French Math Nerds Built SocGen’s Now-Crumbling ‘Structured Products’ Empire Tyler Durden Tue, 09/29/2020 – 04:15 It has been years since European banks’ dominated traditional investment-banking business lines like trading and M&A. But things weren’t always this way. Before the financial crisis, and before regulators around the world started scrutinizing banks’ derivatives businesses to try and curb risk. But while Deutsche Bank has become the poster-child for post-GFC decline – as its ambitions to become a global rival to JP Morgan crumbled [Read More]

Nokia clinches 5G deal with BT to replace Huawei in EE network

September 29, 2020@3:01 AM TFP Editor 0

By Leo KelionTechnology desk editor Nokia is set to become a major beneficiary of Huawei being blocked from the UK’s 5G networks. The Finnish telecoms firm has struck a deal to become the largest equipment provider to BT. Nokia will now provide additional base stations and antennas to let EE customers’ devices make calls and transmit data via the UK firm’s 5G “radio access network”. The deal will also see Nokia replace Huawei in BT’s 2G and 4G networks. EE’s network already uses Nokia to [Read More]

First-time buyers: ‘Mortgages are so inaccessible now’

September 29, 2020@2:32 AM TFP Editor 0

First-time home buyers are having to save up more to take out mortgages. Most lenders are now asking for a deposit of 15% of the house’s value. That’s a big change from six months ago, when it was common for them to offer mortgages with deposits of only 5% or 10%. For thousands of would-be home buyers, that means saving up for several more years. Video by Jeremy Howell, Sarah Corker and Kate McGough Read on The Source

What’s The Conflict Between Greece And Turkey All About?

September 29, 2020@2:30 AM TFP Editor 0

What’s The Conflict Between Greece And Turkey All About? Tyler Durden Tue, 09/29/2020 – 03:30 Authored by Brandon Turbeville via The Organic Prepper blog, The majority of people tend to think of the concept of history as if it is something relegated only to the past. As if they are not living through what will become history in the future. Doing so allows them to maintain a thought process that convinces them that world wars and European wars, in general, are over.  After all, Europe [Read More]

Greggs hints at job cuts as furlough scheme ends

September 29, 2020@2:18 AM TFP Editor 0

Image copyright Getty Images Bakery chain Greggs has hinted at possible job cuts as the government’s furlough scheme ends. The company, which employs 25,000 workers, expects business activity to “remain below normal for the foreseeable future”. It said it had reviewed staff costs and was currently consulting with unions and employee representatives. Greggs said it wanted to reduce the risk of job cuts by putting people on reduced hours. However, it is not clear if the company will use the government’s new Job Support Scheme [Read More]

COVID-19 Recovery Analysis: Rotary Seals Market | High Demand From Water and Wastewater Industry to Boost Market Growth | Technavio

September 29, 2020@1:31 AM TFP Editor 0

LONDON–(BUSINESS WIRE)–Technavio has been monitoring the rotary seals market and it is poised to grow by USD 1.88 billion during 2020-2024, progressing at a CAGR of almost 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will [Read More]

“The World Has Gone Absolutely Insane!”

September 29, 2020@1:00 AM TFP Editor 0

“The World Has Gone Absolutely Insane!” Tyler Durden Tue, 09/29/2020 – 02:00 Authored by The Saker via The Vineyard of The Saker blog, We all know that we are living in crazy, and dangerous, times, yet I can’t help being awed at what the imperial propaganda machine (aka the legacy ziomedia) is trying to make us all swallow. The list of truly batshit crazy stuff we are being told to believe is now very long, and today I just want to pick on a few [Read More]