Morningstar joins rather than disrupts rating firms
Recently, Morningstar announced a large acquisition aimed at making it more competitive with and possibly gain entry into the S&P, Moody’s and... Read More
Have the causes of the global financial crisis been fixed?
As we approach the tenth anniversary of the start of the Great Financial Crisis, central bankers in their role as financial regulators... Read More
Banks vote on replacement for Libor
In the run-up to the financial crisis, the Libor interest rate became the most important rate in the financial world. It was... Read More
As predicted, bank contingent convertible debt toxic
Since contingent convertible debt, aka CoCo bonds, was first discussed, I have said stay away from it. What is contingent convertible debt?... Read More