Finance Edu at ESADE
Without a doubt, finance education has gone through a radical global revolution in the past twenty years. Perhaps the most profound revolution in the academic sphere ever. Tons of new programs in...
View ArticleBeware of 27-year olds selling protection
Finance Lab students who have been to my lectures on tail risk, VaR, selling optionality, etc would appreciate the following recent comments by a leading US hedge fund manager making a bet on Japan...
View ArticleAre All Euro Banks Insolvent?
Let´s not forget that the problem with Cyprus is first and foremost a banking problem. Which takes us to the issue of banks blowing up because they have very little capital. When your capital is...
View ArticleA New Adventure Begins
We´ve kick-started a new academic adventure: the Finance Lab Workshop MBA elective course. About 20 brave and pioneering souls have decided to venture into unknown territory to sample what promises to...
View ArticleCapital vs Capital
Back to European banks´ capitalization levels. Deutsche Bank is calling itself “one of the best capitalized banks in our global peer group”. They say that because their regulatory capital ratios are...
View ArticleVoodoo Finance
I know, I know here I go again with bank capital. But what can I do, it´s one of the (perhaps the) most pressing themes in finance these days. And we just had some pretty interesting news at the local...
View ArticleVogue and Banking
I am reading the biography of a former top US financial regulator, a humble woman from humble Kansas who did her utmost to maintain the safety of the banking system in the pre (and post) crisis years....
View ArticleThe Easiest Job In The World
What´s the easiest job in the world? Selling financial products to investors has got to be up there. It´s just got to be one of the most captive markets in the world. Your customers just keep coming,...
View ArticleZero
Half of the world´s government bonds yield less tan 1%, according to a recent bank study. The apparently “safe” money is close to giving you zero return. People will continue to buy these bonds, for a...
View ArticleWho Cries for Argentina?
Argentina could default again at any time. It´s actually up to a New York Court of Appeals (perhaps up to the US Supreme Court, if it comes to that). Argentina has been ordered by a NY judge to pay...
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