Some of the recent speculation about where rates are going seems to have gotten at least a bit overdone.» Read More
High frequency trading firms may soon find themselves contemplating building a trading floor on transatlantic ships.
High-frequency trading that attempts to take advantage small price differences in the price of stocks, bonds or derivatives trading on two geographically removed markets requires super-fast trading.
Basically, the traders are trying to catch a fleeting arbitrage opportunity before the rule of one price kicks in and erases it.
As Treasury feeds us a steady diet of how much money taxpayers are making off the Troubled Asset Relief Program, you have to wonder why nobody thought of this idea sooner.
After all, if the worst that can happen from the collapse of the banking system is that we make money rescuing failing institutions, then who really cares how much risk they take? Can the Department of Bank Bailouts be far behind?
Today is the one year anniversary of the passage of the giant health care reform bill. The future of the Patient Protection and Affordable Care Act is still uncertain. More than half of the nation's states are suing the federal government over this law.
Some federal courts have ruled that portions of the law are unconstitutional. Others have upheld the law. It seems certain to come before the Supreme Court.
One segment of the population that has been extremely vocal in its opposition to the law is the small business community. I asked Karen Harned, executive director of the NFIB Small Business Legal Center, to discuss the one year anniversary of health care reform and their efforts to expedite the case to the Supreme Court. The National Federation of Independent Business is a part of this lawsuit to overturn this controversial law.
The guys on the trading floor were probably a tad bit jealous when one of their own was called to play goalie for the Florida Panthers hockey team's practice at Madison Square Garden Tuesday morning.
Adam Reasoner, a 26-year-old bond trader and the younger brother of the Panthers center, Marty Reasoner, was called to fill in for the Panthers goalie Scott Clemmensen. Clemmensen was unable to play because of an injury.
Adam played hockey at Boston College for two seasons and said he keeps in shape playing with other financial professionals on Wednesday nights at Chelsea Pier, he told the Miami Herald.
Woah! Estimated damage from Japan quake is about $309 billion — that's about four times Katrina [Bloomberg]
Egyptian stock market opens and tumbles [MarketWatch]
Fed objects to Bank of America dividend increase so the bank will ask again. [CNBC.com]
Lloyd Blankfein to testify at Galleon trial [NYTimes DealBook]
Donald Trump said he 'duped' Gaddafi [CNN Money]
The big question on everyone’s mind when it comes to municipal bonds is simple: Will states and cities be able to pay their interest and principal on time, and in full?
Unfortunately, no one really knows the answer. The source of our ignorance, ironically, is the historical strength of muni bonds—the low default rates. So few muni bonds have defaulted historically — only four major cities in 40 years, and zero states — that we just don’t know what metrics to use to predict defaults.
Is the muni leverage explosion a statistical illusion?
On Day 9 of the Raj Rajaratnam insider trading trial, the wiretaps were pulled out again after a day and half of straight testimony from Intel, PeopleSupport and Moody's executives.
As always, Raj starred in the recording. This time, his guest was Rajiv Goel, the former Intel executive who has already plead guilty to occasionally tipping his longtime friend on a merger between Sprint and Clearwire .
"Money for nothing" interest rate policies have failed, the bond guru said in a broadside against global central banks.
Bank of Ireland, which was bailed out during the country's debt crisis, reported soaring profits for the first half of 2015 as bad debts were reduced.
Lloyds Banking Group reported a 15 percent jump in pre-tax profit for the first half of 2015 to £4.4 billion ($6.9 billion) on Friday.