How pension policy cowardice helped doom Britain’s steel industry. Tata’s decision to write off the value of its UK steelmaking business and seek a quick sale, while keeping its Dutch business, is really a story about pension regulation.
Recent Libor rigging trials highlight the tensions between criminal prosecutions and regulatory probes into banks’ business practices
Artificial intelligence is attracting billions of investment dollars but the history of the field should teach us to be wary of the latest hype
Are central bank bond purchases and negative interest rates changing the way we think about money and debt?
I may be late writing about the movie ‘The Big Short’ but it somehow makes sense to have watched it in the week that Deutsche Bank’s problems sparked an unprecedented exodus of investors.
Any time markets adjust to a different price level, no one feels it more than those who sold options on the market beforehand. They learn whether the premium received justifies the pain they might feel today.
In 2015, size equalled success in the stock market. But did benchmarking make this a self-fulfilling prophecy? Let’s start by looking at the market capitalisation of S&P 500 companies at the end of the year, with colours according to price change.
There have been plenty of words written about the high-yield corporate bond market in the last week, but sometimes a chart expresses things better than words.
New information on the council’s controversial loan portfolio shows the impact of its relationship with Barclays, raising questions about risk management decisions
Client blow-ups and lawsuits over the years have taught banks a lot about selling complex products. Some take a two-step approach. First, the bank provides its customer with a ‘risk management tool’ … Continued
by Gillen D’Arcy Wood
(Princeton University Press 2014)
In my last year at Harvard, before I decided to drop out of the PhD program and pursue other things, I took a graduate meteorology class. The class teacher, Brian Farrell, was doing what other professors did and quietly sounded students out about taking him on … Continued