Article Exchange

Custodian Banks, Brace for Pension Client Revolt Over Overcharges

Global custodians have spent decades using bundled fees to mask egregious conflicts of interest and overcharge pension funds, and by extension the taxpayers and public servants who underwrite them.

'Shared Delusions' Run Deep with Risks

Andrew Kahr's "Systemic Risk Is About Assets, Not Size" rightly focuses on bubble-inflating movements in the aggregate balance sheet of the financial sector. We should expand on three of his points.

Gold-Coin Dealer Enters Bankruptcy

FDIC Approves Final Rule on Dodd-Frank’s Orderly Liquidation Authority

As previously reported  by Weil’s Financial Regulatory Reform Center, the FDIC’s Board of Directors met on July 6, 2011 to discuss a number of different topics and rulemakings.  Notably, at this meeting, the FDIC approved a final rule, c

Foreclosure Crisis in Europe vs US

The Bankruptcy Option for Countrywide

In 2008, Bank of America acquired Countrywide Financial, a mortgage lending company that was heavily involved in subprime lendi