For a while, the battle over whether to split the JPMorgan Chase CEO and Chairman positions looked like the corporate governance battle of the year, but seems to have ended with a whimper, rather than a bang. The media coverage of the issue, however, ... Read full article
So Felix Salmon has taken a justifiable swipe at some oddish Bloomberg articles on Citibank's spinoff of its internal hedge fund, as required by the Volcker Rule . ... Read full article
On May 1, President Obama nominated Rep. Mel Watt (D-N.C.) to be the director of the Federal Housing Finance Agency, the conservator for the mortgage giants Fannie Mae and Freddie Mac. ... Read full article
with Mel Watt, according to an AP story today. Congressman Watt of North Carolina was a moving force behind Miller-Watt-Frank, the mortgage reform legislation that eventually found its way into Dodd-Frank financial reform. Given that our ... Read full article
The MF Global trustee filed his lawsuit against Jon S. Corzine and other former MF Global executives. But the complaint itself, while quite well done, makes for rather strange reading upon further reflection. ... Read full article
Thank you to the Credit Slips team for allowing me to use their soapbox for the last few weeks. I leave you with a final pet peeve: Why does the government have to rely on commercially-collected financial industry data sets or voluntary surveys of ... Read full article
Some thoughts on Cyprus, over at Dealb%k . ... Read full article
A key point is at risk of getting buried in all the din surrounding Cyprus's deposit levy (apparently poised for parliamentary defeat ). To me it comes through most clearly in the latest from the tornado-chasing (or front-running ?) duo, Lee ... Read full article
Stepping back from the Cyprus bail-in, I'm wondering if it is penny-wise, pound-foolish. The depositor tax is only supposed to raise about $7.25 billion (5.8 billion Euros). Given the risks created by a bailout being rejected and the risk of runs ... Read full article
Anyone want to take bets on whether there will be runs on Italian, Spanish, and Portugese deposits? That's my bet. I'm not sure that we'll see small retail depositor runs, but I would predict that high dollar deposits in all of those ... Read full article
Cyprus seems to be the next European domino to fall to bailoutitis. Here's the situation as I understand it. Cyprus has unmanageable government debt, not least because of the liabilities that stem from supporting the insolvent banking sector. The EU ... Read full article
So the financial industry got a surprising amount of press over their obviously ridiculous statement that too big to fail no longer exists. ... Read full article
Apparently part of the bank flaks' talking points regarding the foreclosure reviews is that to the extent homeowners harmed by wrongful foreclosures, they were actually drug dealers. The message: we didn't foreclose on anyone who didn't ... Read full article
Uniting my current teaching load with Dodd-Frank, over at Dealb%k . ... Read full article
Thanks for having me back at Credit Slips! This week I’ll be blogging about two forms of credit that are increasingly popular: auto title lending and pawnshops. ... Read full article
Elizabeth Warren’s questioning of financial regulators at her first Senate Banking Committee hearing got a lot of attention for her pointed question about when was the last time any of their agencies had taken a large bank to trial. It was a telling ... Read full article
Alison Frankel has a g reat column today on the fight going on between AIG and the NY Fed about who owns the securities fraud claims associated with the MBS that AIG sold to the NY Fed (or more precisely, its Maiden Lane SPV) as part of its bailout. ... Read full article
Some thoughts on the tough spot AIG's board finds itself in, and how it could have handled the PR angle better, over at Dealbook . ... Read full article
