jultorsk

^^ Holed and subsequently plugged to repair?

FT: Bank of England raises interest rates to 4.5% The Bank of England has increased interest rates by 0.25 percentage points to 4.5 per cent, as it forecast high inflation over the next three years. Rate setters backed the increase by 7 votes to 2. 🤔

Can contact her here for custom inquiries 😁 👒 https://www.jesscollettmilliner.com/

Both headpieces were gorgeous, can only imagine the boost to sales for that milliner. 👍 For good-natured 👑 chuckle:

Ok then.. 🤷‍♂️

A raw 2022 SOTD Sov was auctioned today for GBP720 all in. 😎

Imo resisting grading is not a hill worth dying on. Many giants of numismatics have tried and at the end, found it futile. Does it reduce the need for learning to "read the coin" and to be able to grade them yourself? Certainly. Does it reduce the opportunities to find mispriced bargains? Absolutely. Does it level the playing field and make the coin trading market more efficient? Yes indeed it does. The last point is why it's here to stay.

AFAIK the crown on KCIII cypher is a depiction of the Tudor Crown, but he will be crowned with the St. Edward's Crown in the coronation. When he waves from the balcony after the coronation, he is expected to wear the Imperial State Crown. The original Tudor Crown was destroyed in 1649 when Charles I was beheaded and the monarchy abolished by Cromwell. No current crown in use is similar to the Tudor Crown, although a replica has been created for tourists to view. I doubt that Charles would be wearing the replica on the coin - perhaps it's an artistic interpretation?

Yes thanks, I know what coin Paul has - I was merely pointing out that result for the higher mintage 2oz'er. Anyway, moving on.

How peculiar.

FWIW That's what Britannia Coin Company says - the Jody Clark portrait with the "Shield/Mantle" design was only available the in annual set, with 100 mintage. https://britanniacoincompany.com/buy-coins/proof-sets/2022-annual-set-gold/ The "Horse back" & "Shield Mantle" gold £5 was a higher mintage of 400 - per RM.

Bold. Wasn't even the Bentley collection unsuccessful on this mission? 🤔

Welcome along. Also, refer to @LawrenceChard https://www.chards.co.uk/guides/advice-guide-for-uk-bullion-investors/1041

Looks like Yellen (finally) stepped in to stem the escape from regional banks in the USA, this in the news an hour ago.

Let's see what happens when USA opens. Meanwhile, here's your selection for the "next Credit Suisse" - any guesses, and why did you pick Intesa? 😁

That's all. folks! -- https://www.ft.com/content/12cde8bc-ddac-48ef-8563-ff4007fa7e9f Central banks announce new liquidity measures to ease banking crisis The Federal Reserve and other global central banks have announced fresh measures to improve US dollar liquidity as global financial markets reel from the turmoil hitting the banking sector.

Appears the Swiss govt are now mulling over whole or partial nationalization of CS. 🤷‍♂️ https://www.bloomberg.com/news/articles/2023-03-19/switzerland-weighs-full-or-partial-credit-suisse-nationalization

"..a depiction of St George armed, sitting on horseback, attacking a dragon with a sword, and a broken spear upon the ground, and the date of the year." Technically this leaves it open for an alternative design like 2005 or 2012 imo, it's just not going to be a shield/Coat of Arms. 🤔 (2005 sov photo borrowed from @ChardsCoinandBullionDealer(who have the best images in the industry), the "broken spear" added by an unnamed artist.)

Boy, did that take an interesting turn fast... 👀

The Saudis said "no more moolah" to CS.

https://www.cnbc.com/2023/03/14/cre...reporting-says-outflows-not-yet-reversed.html Shares of Credit Suisse fell by 5% in early Tuesday trade to hit a new all-time low, after the bank announced it had found “material weaknesses” in its financial reporting processes for 2022 and 2021. In the Tuesday annual report, Credit Suisse revealed that it had identified “certain material weaknesses in our internal control over financial reporting” for the years 2021 and 2022. These issues related to a “failure to design and maintain an effective risk assessment process to identify and analyze the risk of material misstatements” and various flaws in internal control and communication. Despite this, the bank said that it was able to confirm that its financial statements over the years in question “fairly present, in all material respects, [its] consolidated financial condition.” Credit Suisse further said its net asset outflows had declined but “not yet reversed.” The bank confirmed its 2022 results announced Feb. 9, which showed a full-year net loss of 7.3 billion Swiss francs ($8 billion). -- Credit Suisse acknowledged that these circumstances have “exacerbated and may continue to exacerbate” liquidity risks. The reduction in assets under management is expected to result in reduced net interest income and recurring commissions and fees, in turn affecting the bank’s capital position objectives. “A failure to reverse these outflows and to restore our assets under management and deposits could have a material adverse effect on our results of operations and financial condition,” the report said.

Large US banks are being inundated with requests from customers trying to transfer funds from smaller lenders, as the failure of Silicon Valley Bank results in what executives say is the biggest movement of deposits in more than a decade. JPMorgan Chase, Citigroup and other large financial institutions are trying to accommodate customers wanting to move deposits quickly, taking extra steps to speed up the normal sign-up or “onboarding” process, according to several people familiar with the matter. A package of emergency measures unveiled by the US government on Sunday, including a new Federal Reserve lending facility for banks, appears to have passed its first major test for now by staving off the failure of a third bank following the implosion of SVB and Signature Bank. However depositors are still attempting to move balances into larger banks such as JPMorgan, Citi and Bank of America, as well as money market funds, the people said. That is especially the case when balances exceed the $250,000 threshold that is guaranteed by federal insurance. Deposit transfers from SVB and other regional lenders to large banks picked up steam last week and continued on Monday, the people said. “The calls have been coming in today like airplanes stacked on a snowy day at O’Hare airport,” said one senior banker, referring to Chicago’s busy aviation hub. JPMorgan has shortened the waiting time for opening an account and is expediting the speed at which new corporate customers can access funds to ensure they can pay staff at the end of this week, according to one person briefed on the matter. Several banks have reassigned employees to jobs connected to account openings, the people said. Citi’s private bank, which caters to wealthy individuals, is trying to open accounts within a day of application compared with the typical timeline of one to two weeks, some of the people said. The lender has also started to open accounts and initiate money transfer procedures while the new client is still undergoing compliance checks. https://www.ft.com/content/2b580939-a4b6-48d2-8eb6-629b4cb1e06c

Skullduggery happening. https://www.cnbc.com/2023/03/12/regulators-close-new-yorks-signature-bank-citing-systemic-risk.html U.S. regulators on Sunday shut down New York-based Signature Bank, a big lender in the crypto industry, in a bid to prevent the spreading banking crisis. “We are also announcing a similar systemic risk exception for Signature Bank, New York, New York, which was closed today by its state chartering authority,” Treasury, Federal Reserve, and FDIC said in a joint statement Sunday evening.

Fun! $20.15

True, Ackman does what he does best. https://twitter.com/BillAckman/status/1634662286844411904 Then again, Yellen said today there will be "help" but no bailout.