Are prop desks evil? Industry experts, hedge-fund managers and prop-desk traders mull conflicts of interest.
High-yield credit spreads suggest the market is sanguine about credit risks, which puzzles the inventor of the Z-Score, predictor of corporate defaults.
Stimulus programmes in China, Japan and the US have helped the world navigate out of financial ruin. But how to stop spending?
The quivering heaps of toxic debt are being alleviated by government stimulus and unprecedented liquidity.
Speaking at the FinanceAsia and AsianInvestor distressed investing conference, the Patron Saint of Bankruptcy, Professor Ed Altman, believes that we are entering a golden age of corporate default.