The Institutional Risk Analyst

But more to the point, the comingled worlds of private equity and credit may be the biggest scandal to hit Wall Street in a century. Most bank loans to PE sponsors "secured" by private company assets are actually non-recourse, so there is no recovery for the bank in the event of default. We think these factors are just some of the reasons that exposures to private equity and credit may be the most risky part of bank loan portfolios.

Silver has always been the common man’s metal, but the unique combination of industrial necessity and monetary appeal has helped to resolve its historical "identity crisis," making it both an industrial input and an investment asset. 

Powell won’t hit the two percent target, but he won’t change the target either.

The risk-adjusted return on capital for BK is negative and probably lower than Goldman, the highest risk large US bank

There a brisk debate ongoing in the fixed income markets over how much the Federal Open Market Committee will raise interest rates and when