Tier 1 capital is the money that's at the core of every bank. But, like everything else in banking, it's subject to definition, and bankers still can't agree on the terms. Senior Editor Paddy Hirsch explains.

The Securities and Exchange Commission wants to make equity markets safer by pushing market makers to tighten up their standards, and stop making so-called stub quotes. Paddy Hirsch explains.

Pressure from the US may have pushed China to unpeg its currency from the dollar this week. But how did that peg work in the first place? Paddy Hirsch explains.

The Volcker rule is a cornerstone of the Dodd-Frank financial overhaul. But what is it? Paddy Hirsch explains in this video from 2010.

Investor lawsuits over failed bank investments are becoming more commonplace. As Senior Editor Paddy Hirsch explains in the latest from his Whiteboard series, it all comes down to a little thing called fiduciary.

Europe is teetering on the edge of a credit crisis, and markets all around the world are tumbling as investors worry about contagion. It's all about banks not trusting each other, as Senior Editor Paddy Hirsch explains.

The Federal Reserve said this week it will no longer buy mortgage backed securities from Fannie Mae and Freddie Mac. Some people worry mortgage rates could rise as a result. Senior Editor Paddy Hirsch explains why.

Lyondell Chemical issued the fist covenant-lite loan since the financial crisis subsided. Senior editor Paddy Hirsch explains what a cov-lite loan is, and why their return could be bad for the economy

Collateralized loan obligations are back! Paddy Hirsch explains what CLOs are, and why they're important.

It's the title of a dubious financing transaction that Lehman Brothers used in 2008 to make its balance sheet look healthier than it really was. Senior Editor Paddy Hirsch takes a stab at explaining how Repo 105 worked.