Basis Capital, the banished finalist from this week’s Standard & Poor’s Fund Manager of the Year awards, has filed for bankruptcy protection in the US for its Basis Yield Alpha Fund.
Assets
The housing crisis: look closer at big banks’ lending
One of the rarely mentioned factors when housing affordability is being discussed, is that loans secured by residential mortgages are more attractive to banks than other types of lending because of the regulator’s prudential rules on the capital adequacy of banks, writes Bill Moyle.
