Banks Pay Up US$184-Billion And Counting In Settlements Following Global Financial Crisis

Since 2009, the world’s banks have paid US$184-billion in settlements with either regulators or in actions brought by private parties. And to put that number into some sort of perspective: the US$184 billion in fines is about equal to the GDP of New Zealand, the world’s 54th largest economy with a population of about four million.…

Banks pay up US$184-billion and counting in settlements following global financial crisis

Seth Klarman: Investors Can No Longer Rely On Mean Reversion

Volatility"For most of the last century," Seth Klarman noted in his second-quarter letter to Baupost's investors, "a reasonable approach to assessing a company's future prospects was to expect mean reversion." He went on to explain that fluctuations in business performance were largely cyclical, and investors could profit from this buying low and selling high. Also Read More