>While the central bank’s intervention offered some fragile stability to the British pound and bond markets, analysts have flagged lingering stability risks in the country’s shadow banking sector — financial institutions acting as lenders or intermediaries outside the traditional banking sector.
>Former British Prime Minister Gordon Brown, whose administration introduced a rescue package for Britain’s banks during the 2008 financial crisis, told BBC Radio Wednesday that U.K. regulators would need to tighten their supervision of the shadow banks.
>“I do fear that as inflation hits and interest rates rise, there will be a number of companies, a number of organizations that will be in grave difficulty, so I don’t think this crisis is over because the pension funds have been rescued last week,” Brown said.
>“I do think there’s got to be eternal vigilance about what has happened to what is called the shadow banking sector, and I do fear that there could be further crises to come.”
I love how CNBC is attacking Londons shadow banking but protects and defends Wall Streets dark pools, massive short selling, naked shorting, Selling but not buying securities for investors instead providing IOUs.
Hedge funds and banks destroying the global economy but blaming retail investers to protect their overlords.
Fuck CNBC the lying shitbags, bought and paid for by Kennith Griffin of Citadel Securities a hedge fund AND market maker.
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Excerpt:
>While the central bank’s intervention offered some fragile stability to the British pound and bond markets, analysts have flagged lingering stability risks in the country’s shadow banking sector — financial institutions acting as lenders or intermediaries outside the traditional banking sector.
>Former British Prime Minister Gordon Brown, whose administration introduced a rescue package for Britain’s banks during the 2008 financial crisis, told BBC Radio Wednesday that U.K. regulators would need to tighten their supervision of the shadow banks.
>“I do fear that as inflation hits and interest rates rise, there will be a number of companies, a number of organizations that will be in grave difficulty, so I don’t think this crisis is over because the pension funds have been rescued last week,” Brown said.
>“I do think there’s got to be eternal vigilance about what has happened to what is called the shadow banking sector, and I do fear that there could be further crises to come.”
I love how CNBC is attacking Londons shadow banking but protects and defends Wall Streets dark pools, massive short selling, naked shorting, Selling but not buying securities for investors instead providing IOUs.
Hedge funds and banks destroying the global economy but blaming retail investers to protect their overlords.
Fuck CNBC the lying shitbags, bought and paid for by Kennith Griffin of Citadel Securities a hedge fund AND market maker.
They care not for the little guy.