Blogs & Commentary
ANYONE THINKING VIKRAM Pandit has made only a modest comeback to banking with the acquisition of a 3% stake in Indian financial services firm JM Financial should think again.
Ever since politicians and the media invented the ‘casino banking’ moniker to describe what investment banks do, I’ve reacted vigorously to the term, finding it offensive and wide of the mark.
The key takeaway from Bernanke’s testimony is that the near-term bar for tapering is a little higher than we were led to believe by recent Fed speakers.
Spiking interest rates in Japan threaten to undermine, and possibly end, the recovery being engendered by Abenomics.
Swiss Invest strategist Anthony Peters compares the EU’s strong-arming of Switzerland over banking secrecy with Moscow’s Cold War treatment of Eastern Europe… and other taxing matters.
By raising a combined US$14.25bn in one day, Brazil’s Petrobras and Indonesia’s Pertamina underscored the enormous bid for emerging market credits. The two oil trades generated nearly US$60bn in demand between them, endorsing the asset class’s place in a global credit market that was once the sole domain of G7 borrowers.