Bill Ackman is known for going all-in on his investments, and he's putting it all on Michael Bloomberg.» 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:
What will define his legacy is whether the Fed went beyond its mandates and laid the groundwork for peril ahead.
Google's renamed parent company is set to become the latest investor to back Symphony. The FT reports.
The Fed cannot raise interest rates because the market is not pricing in a hike, Joseph LaVorgna told CNBC.