European bank assets and deposits surged in January. At first glance the massive increase was inexplicable. And it should not have happened at all because the ECB just made a huge cut in its QE purchases. Digging into the various line items of the European banking system balance sheet, it became clear what had happened.…
The post French Interbank Games- Intrigue, Romance… And Cheating was originally published at The Wall Street Examiner. Follow the money!