28 Mar 2012

Not all publicity is good publicity

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How much longer can the image of Goldman Sachs get knocks such as these ? It is time that someone minded the house again.
23 Mar 2012

UBS boss hires old friend for senior role

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When one reads that the recently appointed CEO of UBS hires a former colleague from his days at Merrill Lynch as Co-Head of Global Invest...
19 Mar 2012

Stress tests - same (sad) old story

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The publication of the results of the latest stress test performed on US banks does little to inspire longterm confidence in the ability of...
18 Mar 2012

Conflicts of Interest in Investment Banking

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The discussion about separating banking and securities and investment banking has reached a dead end. But the inherent conflicts of interest...
3 Mar 2012

Political pressure to prevent CDS on Greece to pay out?

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The example of a minor Austrian bank demonstrates the potential fallout that can be expected if CDS sellers are required to pay out in case ...
2 Mar 2012

CDS - a misconceived instrument is Null and Void

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Says today's headline in a newspaper ( City AM ). To leave the decision about whether or not a CDS pays out in a 'credit event' ...
1 comment:

Charlie Munger on Derivatives in 2003

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"But I confidently predict that there are big troubles to come. The system is almost insanely irresponsible. And what people think are ...
29 Feb 2012

Assuming a Meteorite hits New York

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all banks in the USA may see their ratings downgraded. That seems to be the logic behind the thinking that causes Tom Brown to decry the la...
27 Feb 2012

UBS appoints ex Bear Stearns CFO to senior role

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One can only wonder, and wonder and wonder again about the Personnel Policy (if you can call it that) at UBS . Just last week someone still ...
19 Feb 2012

Toxic Mix - Politics and Consultants

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Royal Bank of Scotland (RBS) had enough problems at its hands before a young and inexperienced politician and a consulting firm made its li...