Parliament approves EU single banking supervisor

Parliament approves EU single banking supervisor (via AFP)

European lawmakers Thursday agreed the first step in an ambitious EU banking union plan, by transferring the power to supervise the eurozone’s biggest banks to the ECB in a year. Formal agreement to make the European Central Bank the “single supervisor…

Seth Klarman Tells His Investors: Central Banks Are Treating Investors Like “Foolish Children”

Volatility"Surreal doesn't even begin to describe this moment," Seth Klarman noted in his second-quarter letter to the Baupost Group investors.  Commenting on the market developments over the past six months, the value investor stated that events, which would typically occur over an extended time frame, had been compressed into just a few months. He noted Read More