Mike Corbat now entangled in banking Catch-22

Apr 15, 2016

The Citigroup boss aced both the living will and stress tests. He also has fashioned an efficient operation, evidenced by Q1 results. To improve on a 6.4 pct return on equity, though, will require…

Getting What You Pay For

Apr 15, 2016

There are a lot of index funds in drag.  Below are three must reads on the topic. If you are going to stray from market cap weighting, it pays to be concentrated and very different. Otherwise, what’s the point?!  Make sure you read all three, e…

Chancellor: Pensions are a bubble waiting to burst

Apr 15, 2016

Bubbles are essentially illusions of wealth. So look no further than the gap between what pensioners have been promised and the assumptions about returns on their inadequate savings for a glimpse…

Bank ETF On Course For Biggest Week in Over a Year

Apr 15, 2016

Banks stocks are having their best week in a long, long time. The $2.3 billion SPDR S&P Bank ETF (KBE) jumped 7.2% this week. Should those gains hold (KBE fell 0.2% on Friday), it would be the biggest weekly advance for the bank ETF since February 2015…