Macro
Search catalysts, news stories, and pressures, or browse the trust-weighted news feed below.
month values ▾
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.15 | -0.20 | -0.05 | -0.78 | +0.00 | -0.15 | -0.05 | +0.00 | -0.81 | -0.81 | +0.25 | +0.30 |
Financial sector sentiment this month is neutral despite significant negative headlines, as the market has largely priced in the risks from legacy issues at major banks. The $14 billion demand tied to Deutsche Bank’s mortgage-bond liabilities and Wells Fargo’s $185 million fine for the fake accounts scandal reflect ongoing regulatory and litigation overhangs, but neither represents a new or systemic shock. Broader market stability and absence of contagion have kept sector-wide sentiment from deteriorating further.
How this mood is scored ▾
A massive leak of law firm Mossack Fonseca documents revealed how wealthy individuals and companies worldwide used shell companies to hide assets, triggering political fallout including the resignation of Iceland's prime minister. The scandal intensified scrutiny of offshore banking and tax havens.
Deutsche Bank's shares fell nearly 10% after the U.S. Department of Justice demanded a $14 billion settlement over crisis-era mortgage-bond practices. The bank rejected the figure as excessive, citing lower penalties paid by peers, and announced it would submit a counteroffer, weighing negatively on European bank stocks.
Wells Fargo was fined $185 million by federal and local regulators for employees creating over 2 million unauthorized accounts to meet sales targets and earn bonuses. The bank terminated 5,300 employees, refunded fees, and faces reputational damage, raising scrutiny over sales-driven banking practices. The incident triggers broader industry concerns about consumer trust and regulatory oversight.