Some of the recent speculation about where rates are going seems to have gotten at least a bit overdone.» Read More
Credit Suisse recently issued $2 billion in 'cocos'—which is a trendy sounding abbreviation for Contingent Convertible Bonds—a new hybrid security, created to correct the deficiencies of a previous generation of new hybrid securities.
I must confess: Cocos sound like a brilliant idea, on paper at least.
Europe's largest banks are preparing for Basel III by doing what banks love to do the most: Issuing new securities.
A recent article in the Financial Times discusses the latest round of securities innovation, ostensibly designed to allow banks to comply with the new capital requirements set forth in the Basel III standards.
A perfect storm may be blowing towards the global oil markets—with disastrous economic and political consequences to follow in the wake.
Ambrose Evans-Pritchard, the International Business Editor of the British newspaper the Telegraph, has written a disturbing analysis of the challenges that lurk just below the surface of the oil producing nations of the Middle East and North Africa.
The burden taxes place on employment was recently brought home to me by the experience of a couple I’m friendly with who were trying to hire a nanny to watch their only child.
Moody's downgrades Spain [CNBC.com via Reuters]
U.S. gas prices are a joke compared to Norway [CNN Money]
Batch of economic data today includes trade deficit and jobless claims [CNBC.com via AP]
Happy Friday eve! \(C'mon, let Miss Morning Sunshine rub off on you...don't fight it.\) Here's what you need to know to start powering through the day:
Bond king Jeff Gundlach likened municipal bonds to subprime mortgage bonds on CNBC’s Strategy Session on Wednesday.
Day after day, we continue to read stories on the budget battles and heated union protests in some states around the country. I don't know about you, but I'm getting tired of all this negativity.
I decided to seek out a local government who is doing it right for a change and my pursuit sent me to the sunny, sandy shores of the U.S. unicorporated territory of Puerto Rico.
"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.