With LedgerX becoming the first CFTC-approved options trader, investors finally have a regulated way to invest in cryptocurrency.
August 7, 2017
Last year IBM acquired Promontory Financial Group. How does the partnership set the stage for new levels of AML performance? Alistair Rennieat of IBM and Promontory CEO-founder Gene Ludwig explain how.
BAI Banking Strategies
June 6, 2017
Over the next five years companies plan to shorten and simplify their supply chains to make them more flexible and agile.
The Economist Intelligence Unit
May 18, 2017
While the battle against money laundering may seem perpetual, banks have advanced technology as a new weapon to fight it.
BAI Banking Strategies
Banks are developing marketing strategies to better reach millennial women with messages about their products and services.
January 25, 2017
The providers of retirement calculators vie to improve the forecasting accuracy of their models
No matter who wins the presidential election, proposals to significantly reform the nation’s mortgage finance system to replace Fannie Mae and Freddie Mac will still struggle to find consensus in Congress and among industry stakeholders.
Franklin Codel is head of Wells Fargo Home Lending, Des Moines, Iowa. As the nation’s leading mortgage lender with 40,000 employees, Wells Fargo funds nearly one out of every eight mortgages and services one out of every six.
For more than a year investors have been taking money out of global convertible funds after loading up the prior 2 1/2 years. A few of those who pulled out money could be having regrets, given that this asset class rebounded to higher levels after the turmoil in the bond and equities markets earlier this year and again in the aftermath of Brexit.
On Wall Street
August 10, 2016
America’s largest generation is in no rush to own a home. Meanwhile, they are renting in pricey places like Brooklyn, where there’s little chance to save for down payments. The bottom line is they seem hard-pressed to reach the homeownership levels of prior generations.
Bankers are facing increasing regulatory challenges to collaborating with online marketplace lenders.
Report May 2015
Fast-growing marketplace lenders will likely come under increasing regulatory scrutiny and oversight in the years to come.
Bank Administration Institute
Five years of litigation against FHA lenders under the False Claims Act has netted $5 billion in settlements for the federal government. But at what price? Some of the largest FHA lenders have curtailed or exited the business.
Funds flee German and Japanese bonds in search of yield. The haven of choice: the U.S., where corporate yields provide some shelter.
March 10, 2016
The basic profile of the servicing industry is continuing to change as servicing costs continue to soar. The result has been industry consolidation, driven by the need for operational scale to absorb sharply higher compliance costs. Plus, there’s no sign of this letting up anytime soon.
Reformers are calling for Washington to bring back the wall of separation between commercial and investment banking to make the financial system safer. Critics say it will weaken U.S. banking competitiveness and deliver less credit for consumers and businesses.
Investing in these economies’ stock exchanges is a way to capitalize on volatility while mitigating the effects of individual sector slumps.
January 11, 2015
The high-yield bond implosion at Third Avenue created panic. But as the fear subsided, some investors began searching for bargains.
December 29, 2015
The former Federal Reserve chairman thinks the U.S. government should have targeted individuals for their roles in the disaster.
November 2, 2015
Hidden gems and a focus on domestic economies have produced robust inflows and solid returns. Narrowing the risk gap.
October 2, 2015
Many individual investors want to know what institutions are doing. But adapting the smart money approach doesn’t always work.
September 3, 2015
After a three-week bank holiday, the next step for Greek financial institutions is to shore up liquidity.
July 23, 2015
Fallout from the Greek debt mess is more likely to buffet peripheral, rather than core, European economies.
July 1, 2015
Backed by nine of the world’s top asset managers, the new venue aims to create a safe environment for buy-side investors.
Complaint by informant played a role in Nav Sarao’s detention and U.S. request for his extradition on flash crash charges.
May 12, 2015
In the case of Nav Sarao, the alleged flash crash trader arrested April 21, the prosecution will likely focus on the defendant’s intent.
May 1, 2015
CMBS Faces a Refinance Wave
Unlike its residential counterpart, the market for non-agency commercial mortgage-backed securities (CMBS) has rebounded from the 2007 crash and the outlook is for further expansion this year.
Enhanced credit-agency analysis and disclosure, better underwriting and data, and growing consensus on best practices for issuers have yet to lead to a rebound in the private-label residential mortgage-backed securities market. Many years after the meltdown, it remains a work in progress.
Since 2006 the biggest U.S. public pension fund has built its smart beta business with external and in-house strategies and products.
March 17, 2015
The Research Affiliates founder helped introduce an alternative to traditional equity indexes that has grown popular with ETF investors.
February 17, 2015
Advances in fracking technology are helping to sustain production in the giant shale formation in North Daktoa and surrounding territories, even at today's low prices.
February 9, 2015
Bitcoin’s immaturity relative to conventional financial markets may hinder the uptake of dedicated derivatives-trading platforms.
February 4, 2015
With the end of the Fed’s quantitative easing, who will buy and own mortgage-backed securities in the future? Market observers expect that more buyers can be lured into the market if rates rise and spreads widen.
Q&A with Jim Lockhart
The former regulator of Fannie Mae and Freddie Mac thinks it’s time for Congress to address taking the two players out of conservatorship. He also thinks the companies “overdid it” with their repurchase demands in recent years. Read his other comments on the current state of the market.
Most EM stocks are trading at big discounts to those in developed markets, especially the U.S., but managers caution that the gap won’t close overnight.
December 30, 2014
Virgin Money’s IPO could position the company as a solid U.K. banking contender
November 7, 2014
The U.K.’s leading banks are well on their way to a thorough post-financial-crisis recovery. The next hurdle is calculating their litigation costs.
Institutional Investor Magazine
November 3, 2014
A pullback in low cost overnight funding at banks isleading to changes in the money market mutual fund market.
On Wall Street
October 6, 2014
With allies like erstwhile consumer advocate Ralph Nader and leading congressional Democrats, trial lawyers have emerged as America's fattest cats, waging war against producer and consumer alike and exerting veto power over all attempts at product-liabilty and no-fault tort reform.
Last September a school busy carrying seventy children collided with a Coca-Cola delivery truck at a crossroads in Alston, Texas. The bus veered off the highway, plunged over an embankment, and crashed upside down in a gravel pit filled with water. Twenty-one of the children, the bus driver, and the truck driver were killed. It was the worst school bus accident in Texas history.
The tragedy was followed by a travesty. Hordes of trial lawyers converged on Texas and starting bidding on clients, offering the grief-stricket families traileres, van, and new homes if they would sign contingency contracts -- which guarantee lawyers a set percentage of any damages received -- to sue the deep pockets of the Coca-Cola Company and the local government that owner the gravel pit. In April a settlement for $67.5 million was reportedly reached with the families of sixteen of the students killed.
A handful of trial lawyers walked away with $25 million, earning hourly fees that ranged from $10,000 to $40,000, according to Lester Brickman, a professor at the Cardozo School of Law at Yeshiva University in New York.
Read more here.
In this period of low volatility, investors are finding unconstrained bond funds an increasingly attractive option.
September 17, 2013