Latest Commentary

Goldman Sachs partner's humble roots

November 23, 2012 | By
The holiday season is the perfect time for a heartwarming story about a woman who has done well on Wall Street. CNBC reports that one newly minted Goldman Sachs partner works as a waitress in a pub...

Distressed home mortgage market window closing

November 18, 2012 | By
Several private equity funds have rushed into the market for distressed home mortgages, aiming to buy them cheap, rent the properties for a few years and sell after prices recover. Such funds--from...

Favorable regulatory developments for banks' capital efforts

November 9, 2012 | By

Recall that the Federal Reserve, the Federal Deposit Insurance Corp., and the OCC sought a deadline of Jan. 1, 2013, by which banks would have to be in compliance with new capital guidelines from the Basel III accord. Banks made clear that they did not have enough time to comply, and the regulators have heard them loud and clear.

Financial district creaks back to life

November 4, 2012 | By
Somehow, the power never went out at the Goldman Sachs building at 200 West Street. According to Con Edison, the grid that supports the building remained on, even as the storm moved into the...

Advisors fear future of robust hedge fund advertising

October 26, 2012 | By

Recall that the Jumpstart Our Business Startups (JOBS) Act has forced the SEC to move toward lifting its ban on hedge fund advertising to the general public.

Misinterpretation of rules may cost Wall Street dearly

October 20, 2012 | By

Over on FierceFinanceIT, I've kept up with the long battle to implement the new Dodd-Frank rules to create a brand new over-the-counter derivatives market, one built on modern clearinghouses.

Are banks ready for Project Blitzkrieg?

October 12, 2012 | By
Following a massive denial-of-service attack against big banks -- including Bank of America, Wells Fargo, Citigroup, JPMorgan Chase, PNC and others -- another threat has emerged. CSO reports that a...

Dodd-Frank Compliance: Keys to Success

September 23, 2012 | By
It's been more than two years since the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law, and every month the implications for banks and financial firms becomes just...

More consumers exit banking system

September 14, 2012 | By
More people are managing to do without banks. That's the conclusion of a recent study by the FDIC, which found that 821,000 households opted out of the banking system from 2009 to 2011, and that...

Exploring network security

September 9, 2012 | By
The security picture at financial services seems to be getting cloudier by the day. While many banks have become aware of the risks imposed by possible network breaches, the landscape continues to...
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