Latest Commentary

Bank of America adds four more directors

Bank of America has appointed four new independent directors to its boards, in anticipation most likely that some current directors will step down before the 2013 proxy season. The new directors are...

Few U.S. banks among the world's safest

Given the state of the economy and the lingering effects of the financial crisis, the very solvency--at a minimum, the creditworthiness--of banks is a legitimate issue. While there is little chance...

John Bogle still going strong

It's hard to believe that at the age of 83, after six heart attacks and one heart transplant, John Bogle is still making his voice heard in the mutual fund industry and beyond. It's as if...

Dubious distinction for Knight Capital

Knight Capital came very close to becoming the only Wall Street firm to be forced into bankruptcy court by a computer glitch.

A modest solution: Nationalize banks?

We've heard the arguments before. Banks are too big to fail, they're too complex to manage and they're too powerful to prosecute. So what to do?

Bair on the state of financial regulation

The Dodd-Frank Wall Street Reform Act, enacted on July 21, 2010, was originally hailed as a landmark reform effort, an appropriately ambitious response to the financial shenanigans that ushered in...

Volcker Rule deadline fast approaching

We've hit the moment of truth when it comes to the much-discussed Volcker Rule.

Two views of hedge funds

The Economist offers an interesting look at two recent books about the hedge fund industry, which together reflect starkly opposing views of the industry.

JOBS Act: benefit or bane to emerging companies

The JOBS Act continues to roil the waters, sparking lots of emotions from supporters and detractors. It remains to be seen if the act has any real impact toward its main goal, which is to support...

Bank credit downgrade savior: "too big to fail"

Big banks with global capital markets operations are no doubt smarting from the downgrade actions by Moody's. But now that the news is out, some may be thankful that the downgrades weren't even worse.