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There is an intriguing news release over the weekend by American Express. The premium card issuer's subsidiary American Express Credit Corp has come out with a $ 2 billion note sale at a whopping yie...
Having at least one thing in common with Nouriel Roubini, a premonition of the impending financial callapse, although I didn't wake up until after his talk, I think it's important to re-examine his wa...
Banks are focusing inward in their quest to comply with Basel II operational risk requirements. This is of course critical if the banks are to achieve an acceptable level of success in its compliance....
I have been watching unfolding events in the banking world with a sense of incredulity and rising trepidation. It's like watching a train crash in slow motion. It just seems like it is one debacle aft...
I just arrived home after a week in Hong Kong. Two unrelated events happened while I was there. The start of the Olympics and the Asian markets patting themselves on the back for not being in the top ...
Every major financial crisis has generated significant change in how the Capital Markets industry operates. Examples include: • Mandatory trading halts introduced after the crash of 1987 to preve
Years ago when I first became involved in risk management in a large regional bank I was told to keep my nose out of the “business”. And what did “business” mean? Well, simply put – making a profit at...
Why is it that the minute something goes wrong someone or something has to be blamed? It almost seems that as long as a "guilty" party can be found then we have done our duty and can simply ...
Italian securities depository Monte Titoli has hit back at implications that it is being difficult and hindering new upstarts that are trying to enter the Italian market. Turquoise CEO Edi Lederman sa...
It is amusing to see how the banking industry is snorting in relief that Citi Bank declared a 2Q 08 loss of 'only' $ 2.5 Billion. Things have come to such a pass that a bank like IndyMac going under ...
I imagine there's a bit of fund juggling going on at banks across America. Given that only the first $100k is covered by federal deposit insurance it would be wise to spread your cash across a number ...
I was reading this new report by US DOJ on how digital currencies are increasingly popular with money launderers(or is it laundries?) - http://www.usdoj.gov/ndic/pubs28/28675/index.htm The DOJ notes t...