Securitization makes a comeback

Breakfast with Benjamin: Securitization comes back and it's not all bad...Plus, how JPMorgan is positioned for rising rates, Deutsche Bank suspends currency traders, GM pays a dividend, and more minimum wage math.
JAN 11, 2016
  • More than five years after the financial crisis taught us about the evils of collateralized-debt obligations, mortgage-backed securities and anything else Wall Street could package for sale, it turns out some forms of securitization actually work and make sense. More importantly, securitization is a necessary part of the financial world. The quiet and steady comeback of securitization. Not everybody is thrilled
  • If you only think of JPMorgan Chase & Co. as a giant bank that paid out $20 billion in legal settlements last year, you would be missing the performance of the main banking business, which is now sitting pretty for a rising rate cycle. How JPMorgan played it safe on interest rates, and how that is paying off now. The timing could not have been better
  • Forget “Bridgegate” or whatever kitten videos you might be watching on YouTube today, this is a story that could unfold to become a real mess. Don't let the apparent complexities of the subject deter you from paying attention, because this is involves an important $5.3 trillion-a-day global foreign exchange market. Currency traders suspended at Deutsche Bank. Alleged manipulation of global currency markets
  • General Motors is slated to pay its first quarterly dividend since May 2008. 15 straight quarters of profits
  • Just because you're making more than making minimum wage doesn't mean you shouldn't be paying attention to this debate, especially since the analysis gets loopier by the day. More minimum wage math. Business owners take a pay cut

Latest News

Texas man says SEC and fund could make him pay twice
Texas man says SEC and fund could make him pay twice

A $141M judgment and a federal asset freeze collide over one shrinking pool

Osaic executives Kristy Britt and Greg Cornick to leave
Osaic executives Kristy Britt and Greg Cornick to leave

The firm's CFO and EVP of Wealth Management Solutions are the latest executives to exit the broker-dealer.

Estate planning becomes a client retention issue for financial advisors, survey finds
Estate planning becomes a client retention issue for financial advisors, survey finds

Clients are saying they would consider switching advisors if another professional offered estate planning services, according to a new Trust & Will survey.

Candidly adds AI agents for Trump Accounts, workplace benefits
Candidly adds AI agents for Trump Accounts, workplace benefits

CEO Laurel Taylor says the fintech's composable AI stack helps workers optimize dollars across Trump Accounts, 529s, 401(k)s, and other employee benefits.

BMO adds three advisors in Dallas amid Y'all Street wealth boom
BMO adds three advisors in Dallas amid Y'all Street wealth boom

The bank has swiped three private banking veterans from BNY as the city climbs the ranks of America's fastest-growing wealth hubs.

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income

SPONSORED Why direct indexing stopped being optional

Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.