London Is Still Vulnerable To Sudden Financial Shock, MPs Warn Treasury

City is still vulnerable to sudden financial shock, MPs warn Treasury

Politicians have called on the Treasury to undertake a series of war games with regulators and the Bank of England to combat a “surprising and urgent gap” in its readiness for another financial crisis. The report from MPs on the Public Administration Select Committee said it had “not seen sufficient evidence” that the Treasury appreciated the…

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