CDO banks face last-minute court crapshoot

Total losses from the credit crisis amount to $1.8 trillion, much of that suffered by buyers of supposedly low risk structured credit securitizations that turned out to be garbage.

Bond Outlook by bridport & cie, January 12 2011

Europe’s bottom-up problems may be on their way to solution, contrasting with the USA where Federal budgetary deficits are spreading down to States and Municipalities, with rising yields for “munis”.

Geoghegan: The accidental banker

An entrepreneur at heart, and with a stint as a girls’ dress shop owner already under his belt, the teenage Geoghegan had his sights set on pursuing a business degree at University College Dublin before a job offer as an HSBC trainee manager threw him off course.