2015 is shaping up as the year the U.S. consumer will have to shine the light for the rest of the world—or else.» Read More
From prank phone calls to protests, the state budget battles are getting uglier every minute. And this is just on the state level—what's going to happen on the national stage? I caught up with former House Majority Leader and Tea Party Leader Dick Armey on all the political jabs.
While muni bond optimists come in a variety of flavors, they all miss one important factor: the risk of municipal debt contagion.
Reading through the various publications put out by banks and bond fund managers, you frequently come across two strategies.
Wells Fargo, for example, advises clients to have a diversified portfolio so that isolated defaults won’t have a large impact on the overall returns.
Pimco, on the other hand, tells clients that the key to success in muni investing is picking the highest quality muni credits.
Despite rising commodity prices and a bleak employment picture, “stagflation” remains a word not uttered in the polite company of the financial world.
But there remain only a few more tumblers to fall into place for a return to that awful word that conjures up images of the “malaise days” of the late 1970's and early ‘80s, where rising inflation and slumping employment tamped down economic growth.
A suit filed against Citigroup by the trustee representing Bernie Madoff's victims would seem to put banks in an impossible position.
According to a report in the Wall Street Journal, here are the generally agreed upon facts.
Sometime prior to November 2006, Citigroup lent $300 million to a Madoff feeder fund called Tremont Partners.
A lawsuit seeking to recover money for Madoff victims seems to raise questions about what Citigroup knew about Madoff's illegal activities—and about their potential liabilities.
Italy—and the Italian Prime Minister Silvio Berlusconi—have more exposure to the crisis in Libya than most.
Begin with this fact: Italy imports almost one quarter of its oil from Libya.
According to statistics from the International Energy Agency, Italy imports 376,000 barrels of oil per day from Libya —which is equal to 22 percent of its total oil imports.
While Congress battles over the implementation of the Dodd-Frank Bill, there are some policies that are being implemented that not will only give more transparency to CEO pay, but it will actually tie pay to performance.
I asked Robin Ferracone, Executive Chair, of the independent executive compensation consulting firm Farient Advisors on what these changes might mean for the upcoming proxy season and will investors finally be satisfied.
Brokers' Bad Behavior Slow to be Reported [DealBook]
Shocker: Banks Like Rich People [CNBC.com via NYTimes]
The scandal-plagued head of health-care investment banking has resigned to focus on family.
2015 is shaping up as the year the U.S. consumer will have to shine the light for the rest of the world—or else.
Softer talk on Ukraine from Russian President Vladimir Putin may be an early sign of recovery, said Christopher Granville.