$$$ Hedge funds would prefer it if banks would warehouse more tail risk and charge less for it [DealBook, earlier] $$$ But corporate debt issuers don’t have much to complain about re: Volcker [DealBook, earlier] $$$ IMF secures $430bn to boost firepower [FT] $$$ How Much Money You Need To Realistically Recreate The Scrooge McDuck ‘Gold Coin Swim’ [The Billfold, alternate view, neither is persuasive] $$$ How would you like to be a high frequency trading quant in Chicago? [DBCC] $$$ Investigators said the 18-, 20- and 21-year-old suspects, whose names weren’t released, broke into the Sea World in Main Beach on Queensland’s Gold Coast after it closed Saturday, swam in the dolphin enclosure and made off with Dirk, a 7-year-old fairy penguin, The Australian Eye reported Friday.
Big banks are formulating a host of arguments -- wild, off the mark arguments -- aimed at dismantling the Volcker Rule firewall between loan-making, customer-serving banks and high-risk hedge funds. Read Post
This is odd. In the IMF's latest World Economic Outlook for 2015, t he US is the only one of the G7 and BRIC economies that had its IMF growth outlook revised up for this year. Torsten Sløk at Deutsche Bank passed along the followin... Read Post
While Alan Greenspan has been busy denying any blame or foresight into the financial crisis, Paul Volcker has been working to dissociate the speculative risks of hedge funds from banking. But "The Volcker Rule," does not go far enou... Read Post