The world’s most powerful financial institutions are sounding the alarm that “a new global financial crisis triggered by climate change would render central banks and financial supervisors powerless.”
Read more...Why Felix Rohatyn was and wasn’t typical of his industry.
Read more...Chris Arnade’s 150,000-mile, multi-year photograhic journey through unthriving America—urban and rural, black and white, from Lewiston, Maine, to Bakersfield, California, with many stops in between.
Read more...Follow the subsidies, and you will understand why we had the crisis and why not enough has been done to prevent a recurrence.
Read more...Fracking harms the environment and shale oil companies fail to turn a profit but that doesn’t stop Wall Street from lending them huge sums of money, driven by lust for fees.
Read more...Decoding the press release on the new health care venture from Berkshire Hathway, Amazon, and JP Morgan.
Read more...AI may revolutionise risk management and financial supervision, but also threatens to destabilise markets and increase systemic risk.
Read more...Beware of old CDO risk re-imaged as “nonlinear finance”.
Read more...Like Bill Clinton before him, ex-President Barack Obama has boarded the Wall Street-financed train to millionaire riches.
Read more...WSJ says fiduciary rule helps Wall Street, so rescission unlikely. But still may be better for retail investors than previous status quo.
Read more...Steven Mnuchin demonstrates that he is a shameless liar even by Goldman standards.
Read more...The One Belt One Road initiative holds great promise for the global economy, but will need a huge amount of finance. Initial presumptions that China would be able to provide all the finance are now unrealistic. Other partners should consider providing finance for some aspects, especially Europe – which has a lot to gain from the project.
Read more...Reuters discusses the challenge of moving off legacy systems. While the piece is a long overdue, it still seems more than a tad optimistic.
Read more...Yesterday, a federal judge blocked Aetna’s $34-billion acquisition of Humanam, citing concerns that their combined pricing power would raise costs to consumers.
Read more...Yves here. Remember the explosion of press coverage last year when incoming Minneapolis Fed member and former Goldmanite and Treasury official Neel Kashkari announced his intent to develop a plan to end the “too big to fail” problem. He not only was going to devote Minneapolis Fed researchers to his program, but solicited broad based […]
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