banks

Meredith Whitney talks to Bloomberg's Jonathan Weil in a wide-ranging interview about the banking sector. This is a good one – the best I have seen - because you get to hear Whitney's views on the sector's stocks from a fundamental and a…

Check out nine-year old Sam talking about Wall Street pulling a reverse Robin Hood. That's either one smart or one well-rehearsed young man.

I have written a number of posts which point to a shift in the center of power on Wall Street from the client-facing advisory business to the market-making trading business. I think understanding this shift is vital to understanding what…

Failure Friday News Scotiabank buys Puerto Rican bank - The Globe and Mail Regulators Close Three Banks in Puerto Rico - WSJ.com FDIC: Failed Bank Information - Bank Closing Information for Frontier Bank, Everett, WA FDIC:…

As I said yesterday,  investment banks are institutions which do fulfil a useful role in society. I would define their role as companies where large institutions and governments receive financial advice and raise capital. Goldman Sachs…

Look back at the prepared testimony that Lloyd Blankfein, Goldman's CEO offered to the US Senate two days ago.  In it he clearly defines what Goldman Sachs public purpose is – what its societal function is.  Are they fulfilling…

This is a fiery take on derivatives and too-big-to-fail institutions by Randall Wray which originally appeared at New Deal 2.0. Professor Wray believes naked shorting via derivatives should be outlawed. He goes further to say that the…

The news about Greece's bailout has me thinking a lot about Creditanstalt, the Austrian bank which collapsed in 1931. This account bears remembering because we should see the 1929-1933 descent as a two-part episode, with the second part…

Marshall Auerback here. Neither the Dodd Bill, nor the House version, will do much to prevent the abuses described in the SEC's lawsuit against Goldman Sachs. Senator Dodd himself acknowledged this fact. Additionally, as Frank Partnoy has…

Roger Lowenstein - How Wall Street Became a Giant Casino - NYTimes.com Confessions of a grade inflator | The Economist CBC News - British Columbia - New mortgage rules take effect FP Tech Desk: Apple wants Gizmodo to return missing…