Your Money
Articles to keep you informed about trends and help you manage your money
Matt Levine’s Money Stuff: Compliance Therapy and Software Rules
published May 31st 2016, 8:11 am, by Matt Levine (Bloomberg View) — Banks. One simple plausible story about the U.S. banking industry is that in 2006 it was fun and aggressive and wild and dangerous, and in 2026 it will be boring and sleepy and safe and utility-like, but in
Matt Levine’s Money Stuff: Merger Advice and Retail Trading
published May 11th 2016, 8:04 am, by Matt Levine (Bloomberg View) — Merger advice. Well: In 2015, the buyers in public-company deals valued at more than $1 billion didn’t use financial advisers in 70 instances, or 26% of the time, according to Dealogic. That is the second-highest total on record
Be Afraid, Be Very Afraid If You’re Investing for the Long Run
published Apr 27th 2016, 5:30 pm, by Rich Miller (Bloomberg) — Turning 30 just got a lot scarier. A coming collapse in investment returns means that people that age today will have to work seven years longer or save almost twice as much to end up with the same nest
Sticking It to the Tax Man Still Has a Price: Noah Feldman
published Apr 19th 2016, 1:16 pm, by Noah Feldman (Bloomberg View) — Ever wanted to sue the tax man? Usually you can’t — but Gilbert Hyatt found a loophole, and the Supreme Court gave him a symbolic victory Tuesday while depriving him of most actual damages. Acting out the fantasies
What Causes Housing in the U.S. to Be Too Expensive: Justin Fox
published Apr 18th 2016, 3:31 pm, by Justin Fox (Bloomberg View) — The U.S. has two big housing affordability problems. They’re related — and solving the first would go some way toward solving the second. But they’re not the same, and it’s important to understand that. The first problem is
Matt Levine’s Money Stuff: Earnings and Lawsuits, Mostly Suits
published Apr 15th 2015, 7:14 am, by Matt Levine (Bloomberg View) — Bank earnings. Bank of America beat on adjusted earnings, though the news was mixed; trading was disappointing (outside of foreign exchange, which did great) but legal costs were down significantly from last year. “The firm said it’s keeping
Matt Levine’s Money Stuff: Inversions and Short-Term Activism
published Apr 6th 2016, 8:24 am, by Matt Levine (Bloomberg View) — Inversions. The consensus seems to be that the anti-inversion rules that Treasury released later Monday were aimed directly at one deal: the Allergan/Pfizer merger. In particular, the inversion rules have for a long time prevented transactions in which
Matt Levine’s Money Stuff: Rogue Trading and Gun Disclosure
©2016 Bloomberg View O4HT256KLVR7 (Bloomberg View) — What’s up at Credit Suisse? Good lord, this story of a former Credit Suisse wealth manager jailed for allegedly doing all sorts of rogue-trading nonsense suffers only a tiny bit from the fact that he “can’t be identified in public” under Swiss law. Let’s
Matt Levine’s Money Stuff: Honest Dollar and Dividend Stoppers
©2016 Bloomberg View O430366JTSEB (Bloomberg View) — Honest Dollar Goldman Sachs is buying Honest Dollar, a retirement-savings robo-startup, and wouldn’t it be funny if they rebranded the whole company after the new acquisition? Like, “Goldman Sachs is now Honest Dollar.” “Honest Dollar is number three in the energy M&A league
Matt Levine’s Money Stuff: Social Loans and Creeping Fraud
©2016 Bloomberg View O3RYS06KLVRB (Bloomberg View) — Future finance I am old enough to remember when companies like Social Finance Inc. were referred to as “peer-to-peer lenders.” The idea was, there was an online platform that made loans to people and then sold those loans to other people. It was