Why Should Hostess Executives Get The Bonuses They're Demanding? - Forbes:
"AP is reporting that the Irving, Texas company is planning to ask a bankruptcy judge to grant approval of bonuses totaling up to $1.8 million for its executives....It’s tough to see why managers should get bonuses for driving a company into the ground and sacrificing some 18,000 jobs. Hostess had become horribly
Former baseball star Doug DeCinces indicted for insider trading - Yahoo! Finance
Former baseball star Doug DeCinces indicted for insider trading - Yahoo! Finance:
"DeCinces was charged with 42 counts of criminal securities fraud and one count of money laundering over the 2008 purchase of stock in a medical device company based on insider information, according to an indictment filed in a federal court in Southern California.
DeCinces, 62, bought $160,000 worth of stock in
"DeCinces was charged with 42 counts of criminal securities fraud and one count of money laundering over the 2008 purchase of stock in a medical device company based on insider information, according to an indictment filed in a federal court in Southern California.
DeCinces, 62, bought $160,000 worth of stock in
How Do Banks React to Increased Asset Risks? Evidence from Hurricane Katrina by Claudia Lambert, Felix Noth, Ulrich Schuewer :: SSRN
How Do Banks React to Increased Asset Risks? Evidence from Hurricane Katrina by Claudia Lambert, Felix Noth, Ulrich Schuewer :: SSRN:
Two takeaways:
Banks increase risk-based capital ratios in times of great uncertainty.
The increase comes largely from well capitalized banks and by reducing loans.
From the Abstract:
"[We] find that banks in the disaster areas increase their risk-based
Two takeaways:
Banks increase risk-based capital ratios in times of great uncertainty.
The increase comes largely from well capitalized banks and by reducing loans.
From the Abstract:
"[We] find that banks in the disaster areas increase their risk-based
Diversifcation: good but not as good as you probably think
Index cohesive force (Photo credit: Wikipedia)
For years (at least since 2001) this idea has been a
mainstay in my classes. The benefits of diversification have been
overstated. Why? The correlations that are used to diversify and get
the so called optimal portfolio change and the change is NOT in a random format:
the correlations go up in bad times.
The Physics of Finance: Why
'Drunken' Broker Sent Oil to 8-Month High in 2009: Report - US Business News - CNBC
'Drunken' Broker Sent Oil to 8-Month High in 2009: Report - US Business News - CNBC:
"...an admin clerk called Perkins to ask why he had bought 7 million barrels of crude during the night. Perkins had no recollection of the transactions, and it turned out that he had made the trades during a “drunken blackout," according to the FSA."
"...an admin clerk called Perkins to ask why he had bought 7 million barrels of crude during the night. Perkins had no recollection of the transactions, and it turned out that he had made the trades during a “drunken blackout," according to the FSA."
ATM fees hit record high, free checking accounts decline - Sep. 24, 2012
ATM fees hit record high, free checking accounts decline - Sep. 24, 2012:
" McBride says that the banking industry has lost income due to an increase in regulations, and that's made free checking accounts harder to find.
"Two regulatory changes in particular have cut the legs out from free checking, he said, "one putting restrictions on overdraft charges, and the other limiting swipe fees when
" McBride says that the banking industry has lost income due to an increase in regulations, and that's made free checking accounts harder to find.
"Two regulatory changes in particular have cut the legs out from free checking, he said, "one putting restrictions on overdraft charges, and the other limiting swipe fees when
CEO pay in the FTSE 100
English: Differences in national income equality around the world as measured by the national Gini coefficient. The Gini coefficient is a number between 0 and 1, where 0 corresponds with perfect equality (where everyone has the same income) and 1 corresponds with perfect inequality (where one person has all the income, and everyone else has zero income). (Photo credit: Wikipedia)
CEO Pay
New 'Tail Hedge' ETF Hunts Black Swans - Seeking Alpha
New 'Tail Hedge' ETF Hunts Black Swans - Seeking Alpha:
It is a little eearly in the school year for my classes to cover this, but oh well, we will anyways! lol
" First Trust recently launched a new "Black Swan" styled ETF that pairs a tail risk hedge with equities, which will help limit an investor's downside risk.....The tail hedging strategy protects a portfolio from extreme market
It is a little eearly in the school year for my classes to cover this, but oh well, we will anyways! lol
" First Trust recently launched a new "Black Swan" styled ETF that pairs a tail risk hedge with equities, which will help limit an investor's downside risk.....The tail hedging strategy protects a portfolio from extreme market
Mark Gongloff: Libor Fraud Was Happening In 1991, Trader Says, 17 Years Before Timothy Geithner Claims He Knew
Mark Gongloff: Libor Fraud Was Happening In 1991, Trader Says, 17 Years Before Timothy Geithner Claims He Knew:
"...the earliest time-stamp on Libor manipulation we've seen yet -- is a Financial Times op-ed by former Morgan Stanley trader Douglas Keenan. He claims that Libor, a key short-term bank lending rate that affects mortgages and other interest rates throughout the economy, was being
The Agenda: A Closer Look at Middle Class Decline - NYTimes.com
The Agenda: A Closer Look at Middle Class Decline - NYTimes.com:
Interesting NYTimes Blog article:
"Since median inflation-adjusted family income peaked in 2000 at $64,232, it has fallen roughly 6 percent. You won’t find another 12-year period with an income decline since the aftermath of the Depression.
Why? Hard to say, their attempt:
"In the simplest terms, the relatively meager gains
ANALYSIS: Should airlines hedge their bets on fuel?
English: Chart of jet fuel prices for major US airlines. (Photo credit: Wikipedia)
ANALYSIS: Should airlines hedge their bets on fuel?:
Remember the difference between operational hedges (example Delta's purchase of an oil refinery) and financial hedging (hedging with financial derivatives). And my prior on this is that hedging should be done and it is best to do it with financial hedging
Sandy Weill: Break up the big banks - Jul. 25, 2012
English: Sanford Weill outside Waverly Inn restaurant in New York City on December 17, 2007. (Photo credit: Wikipedia)
Sandy Weill: Break up the big banks - Jul. 25, 2012:
Reverse course? Weill seemingly admits the repeal of Glass-Steagall was a mistake.
"The man responsible for creating Citigroup -- the world's first financial supermarket -- said Wednesday that the nation's largest banks
What Americans Earn : Planet Money : NPR
What Americans Earn : Planet Money : NPR:
Some takeaways: Almost one household out of every four (24.9 percent) makes less than $25,000 a year. About one in three households (30.1 percent) made between $50,000 and $100,000. One in five households (19.9 percent) made more than $100,000 a year.
Some takeaways: Almost one household out of every four (24.9 percent) makes less than $25,000 a year. About one in three households (30.1 percent) made between $50,000 and $100,000. One in five households (19.9 percent) made more than $100,000 a year.
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