Some of the recent speculation about where rates are going seems to have gotten at least a bit overdone.» Read More
Cov lite Loans—loans without the usual protective covenants to safeguard lenders—are making a major comeback. Ominously, this uptick in cov-lite loan issuance coincides with a Moody's research note, which I wrote about on Friday, that suggests grim prospects ahead for future defaults in cov-lite.
An anonymous website associated with activists from Operation LeakS released a cache of emails accusing Bank of America of "fraud" in handling its mortgage files.
Despite pressure from federal prosecutors overseeing the case against Raj Rajaratnam, the Securities and Exchange Commission pushed ahead with its insider trading case against Rajat Gupta because of his status as a sitting board member on public companies.
The 21st Century world is fragmenting at an alarming pace—economically and politically—and the old models of understanding global dynamics are struggling to keep up with the breakneck speed of change.
The yen has been trading violently against major and minor crosses, which, of course, is to be expected. But, what’s unexpected to some is the subsequent dollar weakness.
Hacker group 'Anonymous' releases Bank of America documents [The Telegraph]
"History Shows Rebuilding Spurs the Economy" [CNBC.com via Financial Times]
The deal that made Bill Gates $350 million at age 30 [CNN Money via Fortune]Um...don't you mean Massachusetts?
Congresswoman misfires about 'the shot heard around the world'
[The Boston Globe]
Stop talking to yourself and feeling old. I know rainy days and Mondays get you down, but I'm here to help you feel like you belong, at least with me and the other graveyard runners:
Fairfax Financial's lawsuit against hedge fund manager Daniel Loeb has just gotten uglier.
Loeb, who runs the New York based hedge fund Third Point, is being sued by the Canadian insurance company, over allegations that Loeb misled his investors over the amount of research he did before shorting their stock.
"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.