Good morning, Santander and Deutsche bank reported today. Deutsche’s management announced a new strategic plan. The acquisitions of Morgan Grenfell, Bankers Trust, and Deutsche Postbank still have not yielded the desired results.  In particular there is a non-trivial objective which … Continue reading →

Good morning, Those of you who follow the credit markets are aware of the credit bubble that is in the works. Investors in a classic mad dash for yield are bidding up high yield to the point where the market … Continue reading →