Luxembourg’s Banks: An Accident Waiting to Happen?

March 28 (Bloomberg) -- Cyprus and Ireland are evidence that big banking systems in small countries can cause mayhem. Luxembourg has the biggest disparity in Europe between the size of its economy and its financial activities. Matt Miller and US Trust BofA's Chris Hyzy comment on Bloomberg Television's "Street Smart." (Source: Bloomberg)

Why Earnings Should be the Focus, Not Volatility
02:47 - Since its April low, the Chicago Board Options Exchange Volatility Index -- a gauge tracking U.S. equity swings -- has climbed 25 percent through Thursday, beating similar indexes for other asset classes, Bloomberg Tradebook highlighted in a note. While still much lower than at previous peak levels, the VIX’s average this year is the highest since 2011 amid concern over global growth, the timing of Federal Reserve interest-rate increases and lackluster earnings. AllianceBernstein Portfolio Manager Mark Phelps discusses market volatility with Bloomberg's Mark Barton on "The Pulse."
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