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New regulations here and across the pond will eliminate $17B of trading revenue from the global...

New regulations here and across the pond will eliminate $17B of trading revenue from the global banks, says Deutsche Bank - about 9% of total sales last year. The costs will be onerous enough, says Deutsche, as to maybe force the departure from FICC (bonds, commodities, currencies) trading of any firm with less than 6% market share. At risk: HBC, RBS, CS, MS, SCGLY.PK. UBS has already exited.
Comments (3)
  • Maybe we should organize a protest on their behalf?
    22 Apr 2013, 03:51 PM Reply Like
  • There are lots of questions about Eric Sprott selling shares of his PSLV Trust. This is his response when I presented this question to him today.

     

    Dear Patrick,

     

    Thank you for your question. My charitable trust has been selling PSLV in order to meet some financial commitments. That being said, I am more bullish on the price of silver than ever and am also putting capital to work into investments which have more leverage to the silver price.

     

    Best regards,
    Eric
    22 Apr 2013, 08:48 PM Reply Like
  • How does Eric Sprott or PSLV have anything to do with this article?
    22 Apr 2013, 09:04 PM Reply Like
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