Is it 2008 all Over Again?

In an FT video, Michael McKenzie tells us that investors are returning to a 2008 mindset. 
"Equity investors are battening down the hatches and fearing the worst as a resolution of the eurozone crisis appears forlorn and the Fed's fiscal stimulus misfires." (2m 28sec)

Turmoil, Curriencies, & Banks

The Financial Times  reports on currency movements and the effects on banks in these two videos:

Currency traders flex their muscles

According to the FT, " [a]s the world's reserve currency spreads its wings, many emerging markets and commodity currencies are getting caught in the downdraft of the risk-off trade in favour of the US dollar as a safe haven." (2m 10sec)

Dollar deluge shores up banks

In this second video, the Ft makes a crucial distinction, to wit: "The promise of unlimited dollars from central banks has buoyed shares in Europe's banks. However, as James Mackintosh, investment editor, warns, the liquidity worry may offer relief but the underlying solvency threat of sovereign default remains." (3m 43sec)

Jamie Dimon Calls Basel III "Anti-American"

Tom Braithwaite in New York and Patrick Jenkins in London report JPMorgan Chases' CEO, Jamie Dimon, "was supportive of forcing banks to have more capital but argued that moves to impose an additional charge on the largest global banks went too far, particularly for American banks"  in an interview in the Financial Times.  Read why our favorite banker is always good copy.

He also answered some tough questions in another and was particularly critical of the strident narrative prevailing in Washington and the media about banks and the financial crisis in a third article.

All three stories articles are worth reading.