This is, by general consensus, about the worst time to be a broker since 1929 – and possibly since 1914 and the start of the First World War. Both retail brokerage and prime brokerage firms have bee...
For a brief moment in October it seemed as if the world’s financial systems were about to implode. What was once unthinkable, and if we are to believe many financial models, unimaginable, was actual...
Investors are looking for scalps and insurers have warned that companies worldwide – not just in the US, where shareholder actions are more common – face potentially ruinous litigation claims for ...
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CRAA credit rating agency of the kind that handed out triple-A ratings like confetti and, as the US Fed and scores of other regulators have belatedly recognised, got us into trouble. EcofinOne of thos...
The most notable innovations of the past two decades have been financial. Like technological innovation, financial innovation is concerned with the perpetual search for greater efficiency – in this ...
With pain and misgiving, the United States Congress bailed out Wall Street in order to prevent a meltdown of America’s financial system. But the $700 billion to be used may flow into a leaky bucket,...
You don’t have to break a sweat to be a finance skeptic these days. So let’s remind ourselves how compelling the logic of the financial innovation that led us to our current predicament seemed not...