Liechtenstein police are hunting a man Swiss radio reported is suspected of murdering the chief executive officer of Bank Frick & Co.
A 48-year-old man was shot dead in the underground garage of a financial institution in Balzers at 7:30 a.m. local time, the principality’s police said on its website. The suspect, Juergen Hermann, fled the scene in a Smart car with Liechtenstein number plates, according to police. Neither the victim nor the institution were identified in the statement.
We discuss high frequency fraud, picking prices and then filling in the trades to get to that price. In the second half, is the second half of Max’s interview with Jim Rickards about his new book, The Death of Money. In this second half, they talk more about mutually assured financial destruction, the US dollar and the danger of insolvency.
Pakistan has refused to sell gold worth $2.7 billion, citing national security reasons, as the International Monetary Fund (IMF) pushes Islamabad to convert the precious metal into cash to build foreign currency reserves, revealed the global lender’s report on Friday.
According to the report, the State Bank of Pakistan (SBP) holds over 2 million troy ounces of monetary gold, having $2.7 billion value at market rate. It is not counted in gross international reserves as it is not deemed to be liquid by the SBP, says the IMF.
The IMF and Pakistan authorities discussed what steps would be needed to make gold more liquid, the report adds. “However, the (Pakistani) authorities stressed that they have no plans to sell gold and preferred existing arrangements for gold holdings for national security reasons.”
The world’s $87 trillion (£52 trillion) asset management industry is getting riskier and echoes some of the “too big to fail” risks already being addressed at banks, the Bank of England’s director of financial stability Andy Haldane said on Friday.
We discuss the nil-by-mouthing, drip- and force-feeding of global central banking which has led to a foie gras rally in the markets, overvalued by 50-70 percent. In the second half, Max interviews Jim Rickards about his new book, ‘The Death of Money.’ In this first of two parts, they focus on the insider trading on 9/11 and the mutually-assured financial destruction as the nuclear weapon of our day.
— Daan de Wit (@DaanDeWit) April 4, 2014
Stacy Summary: Always one step ahead of regulators.
Masters will depart after helping complete the $3.5 billion sale of JPMorgan’s physical commodities business to Geneva-based Mercuria Energy Group Ltd. The deal, disclosed last month, takes the bank out of industries such as petroleum products amid pressure from regulators.
From May 2013, watch Pierre warn (from 09.40) that Blythe will be out:
Below are live tweets from the trial of Rebekah Brooks, the phone hacking former editor of Rupert Murdoch’s News of the World tabloid and a very close friend of Tony Blair. I suppose this will be the argument they present as to why they had to hack Milly Dowler’s phone? And bribe public officials? Because they were scared of the Artist Taxi Driver!
One of the threats to Rebekah Brooks came from @chunkymark a protesting taxi driver who had previous eaten a corgi in protest at fox hunting
— CourtNewsUK (@CourtNewsUK) April 1, 2014
Sky TV Head of Security was in contact with Hanna about 'online threats' and someone called "Chunky Mark" and offensive interest in NI
— Peter Jukes (@peterjukes) April 1, 2014
"He describes himself as a 'performance artist' whatever that may be" says Clegg, who then cites several 'Twitters' by Chunky Mark
— Peter Jukes (@peterjukes) April 1, 2014
Judge orders Mt Gox CEO to U.S. for questions on failed bitcoin exchange http://t.co/CqhWvRLJlG
— Reuters Business (@ReutersBiz) April 1, 2014
U.S. Bankruptcy Judge Stacey Jernigan on Tuesday ordered Karpeles to appear on April 17 in Dallas at the offices of Baker & McKenzie, the law firm that represents Mt. Gox.
Mt. Gox customers want its chief executive and majority owner, Mark Karpeles, to explain why the exchange shut down in February and what happened to their 750,000 bitcoins, which the company said were stolen in a computer hacking attack.
Customers have alleged that insiders including Karpeles may have stolen the money, and employees told Reuters they were worried as early as 2012 that customers’ money was being diverted for operating expenses.