Nov 19, 2015
Barclays recently agreed to pay $150 million to resolve the “Last Look” allegations of abuse in the foreign exchange market through its electronic trading platform: a very serious charge, since it intentionally sought unfair advantages over clients and counterparties through this venue.
Nov 12, 2015
Taxpayers remain the backstop for risky swap derivative investments held by financial institutions.
Nov 6, 2015
The Federal Reserve plans to rein in the extraordinary bank mismanagement that lead to the financial and economic collapse in 2008.
Oct 30, 2015
Barclays Bank seems like it is next in line to settle with the authorities regarding its dark pool operations.
Oct 23, 2015
Income inequality is self-reinforcing, since wealthier households consume a smaller percentage of their income, and savings tend to be invested in short-term, speculative, and arbitraged financial assets.
Oct 16, 2015
The only effective deterrent to financial misdeeds is the possibility of personal punishment.
Oct 9, 2015
Bank profit margins are expected to decline at an accelerating pace over the next five years as bankers team up with technology firms to provide more cost-effective products and services.
Oct 2, 2015
Once again, high powered financial institutions continue to prosper at the expense of the middle class.