US Fed To Subject 6 Foreign Bank Units To Stress Tests

US Fed to subject 6 foreign bank units to stress tests (via AFP)

The US Federal Reserve said Friday it has expanded the list of major banks it subjects to tough stress tests to include US subsidiaries of six foreign banks. The fourth annual evaluation of the strength of major banks, undertaken after the numerous…

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