As the Fed decided to reject an application for a narrow bank (TNB), many questions arose as to why the Fed would not like a “safer” bank. But is it really safer?

The history of how offshore banking started.

Trading costs have long been considered as an impact on a portfolio, but how much? Could it be that trading costs are even more impactful than previously thought?

This is the best overview on Turkey’s financial crisis that we have seen. It also points out the similarities between their current situation and the Asian crisis.

This short piece discusses the importance that Turkey has on the western world and ultimately, why we should care what is going on.

Although on the longer side, this whitepaper is definitely worth the time to read. It provides a deep dive into portfolio optimization and is of significant practical value.