There remain parts of the world where banks continue to enjoy decent net interest margin, and Asia offers several cases in point.

As the new administration's honeymoon draws to a close, the country’s prospects ride on reform.

The salient question for investors at this point is whether Clinton’s strengthening lead will precipitate a Democratic “wave” in down-ballot races that will turn over the Republican House of Representatives to Democratic control.

We continue to see an opportunity for active managers to add attractive incremental federally tax-exempt yield to portfolios.

A ray of optimism peeked through at the annual IMF meetings.

Trump may be off life support, but his debate performance is unlikely to achieve what it needed to do.

In the near-term at least, non-traditional lending looks set to remain outside the traditional banking sector, creating opportunity for platforms with efficient funding models that can navigate the regulatory terrain.

While we believe a failure of the referendum to pass would hurt the country’s long-term political stability and reform prospects, we view the key risk to markets to be the election of an anti-establishment euroskeptic government – an outcome we think is unlikely irrespective of the referendum’s outcome.

Despite the bumpy road over the past year, the promise held out by the IMF’s decision is gradually being realized.