Sunny Kang

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Undue credit

DAVID EINHORN, a hedge-fund manager, saw the financial crisis coming and made a fortune from it. But not all his predictions have been as prescient. …

Finance

U.S. Patent Office revokes key elements of controversial podcasting patent | Reuters

April 10 (Reuters) - The U.S. Patent Office on Friday revoked key elements of a Texas company’s patent, which the firm deployed in high-profile legal actions to claim ownership over a method for distributing podcasts and video episodes on the Internet.<p>Personal Audio LLC has drawn criticism for …

Is ad blocking theft?

Show of hands — who uses Adblock Plus or uBlock? Don’t lie.<p>Online advertising is huge. It hit $141.2 billion worldwide in 2014. This is great news for online content creators, and it should be great news for content consumers. As your favorite websites make more money, they can continue to produce …

Robin Williams went above and beyond to stop his image being used

It used to be that death signalled a very definite end to a celebrity career. But with the advent of CGI and hologram technology, actors and musicians no longer need to be alive to appear in new films and adverts – or even perform on stage.<p>However, the digital afterlife is not for everyone. New …

Robin Williams

Pre-empting the next crisis

JUST 51 hours separate the closing of the New York Stock Exchange on Friday afternoon from the opening of the Tokyo bourse the following Monday. How …

Finance

Attack of the bean-counters

CONSULTING has its Big Three; accounting the Big Four; and executive search a Big Five. But there is no corresponding clutch of dominant law firms. …

Profit

Real-Estate Investors Sing Praises of ECB’s Bond Buys

Quantitative easing keeps rates low to keep the party going<p>CANNES, France—The crowds of real-estate executives gathered here on the Riviera this week for an annual conference had reason to celebrate even before they arrived.<p>On Monday, a day before the four-day MIPIM conference began, the European …

The Bank of England just explained how investment banks make their money

The article, Investment banking: linkages to the real economy and the financial system, shows what sources the money comes from and which part of the economy they serve. They look at the revenues of the 10 biggest investment banks in the world.<p>In total, the BoE says that those banks made about $140 …

CivilisedBank: There’s another new challenger bank on the scene with imminent UK launch plans

Another challenger bank has joined the scene alongside a growing number of upstarts trying to unseat the dominant high street banking institutions in …

Banking

A world of pain

ONLY pop music and pornography embraced globalisation more keenly than banks did. Since the 1990s three kinds of international firm have emerged. …

Money Laundering

Cocking up all over the world

BANKS are yet again in trouble—not pure investment banks such as Lehman Brothers, or mortgage specialists such as Northern Rock; but a handful of …

Money Laundering

The one chart you need to understand why US bank regulation can’t be understood

It’s getting hard to keep track of all the government regulations that stemmed from the last financial crisis and are still working their way through banks and other financial institutions.<p>So Republican SEC Commissioner Daniel Gallagher charted it.<p>“We as regulators are, when it comes to the …

Financial Services

US banks face profit threat from shadow financing | Financial Times

US banks could lose more than 7 per cent of their annual profits to the rapidly expanding group of non-bank financial intermediaries known as “shadow …

Business Development

Eco-waverers

“VIRTUE,” according to George Bernard Shaw, “is insufficient temptation.” But new research on the consumption patterns of the environmentally minded …

Harvard Business School

UK investment banks face competition probe | Financial Times

Investment banks in the UK face an investigation by the Financial Conduct Authority regulator into possible conflicts of interest and …

Investing

The $43 billion-dollar bill

FOR years British families have sat down to supper secure in the knowledge that they will be interrupted by an unsolicited phone call hunting for …

Finance

Follow the money

AMONG the sins that have most angered the austerity-weary everywhere is the use of undeclared offshore accounts to stash the wealth of the rich. …

Corruption

Capitalism’s unlikely heroes

AS INVENTIONS go, the public company is one of capitalism’s greatest. Initial public offerings promote innovation, by providing an exit route for …

Investing

Standard Life makes leap into financial advice | Financial Times

Standard Life is entering the UK financial advice market with the purchase of the advisory arm of the Skipton building society, and will seek to …

Pensions

Rules and laws

LAST October China’s Communist Party announced an “extensive and profound revolution” aimed at establishing the rule of law by 2020. It was a tacit …

China

Adam Smith on the financial crisis

TIRED of lightweights bickering over the financial crisis and its aftermath? Of economic upheaval becoming merely fodder for intellectually dishonest …

Economics

Mobile mania

ON THE outskirts of Bago, a scruffy town in southern Myanmar, a tall, pale Scandinavian-looking man squints up at a four-legged telecoms mast that …

NFL

A sub-Saharan scramble

WHEN Paul Kavuma began approaching private companies in Africa a decade ago to suggest investing in their businesses and improving the way they were …

Private Equity

Telecoms deals invite watchdog inquiry

Mobile operators will push for a market wide review as a series of telecoms deal transforms Britain's landscape<p>Hutchison Whampoa is expected to push for a full-blown competition review of Britain’s communications industry if regulators scrutinise <b>its plans to merge the Three network with O2</b>.<p>The Hong …

The sound of silence

IN 2011 <i>Charlie Hebdo</i>, a French satirical newspaper, was firebombed. Its editor, Stéphane Charbonnier, was asked if he could understand that moderate …

Religion

Regulators must check all senior bankers, says Andrew Tyrie

Britain's two main banking regulators plan to bring in new rules that make bankers accountable for their decisions, but senior staff will be exempt from background checks<p>Financial regulators in Britain risk repeating past failures if they give existing senior bankers a free pass into a new …

What the Wild Swiss Franc Appreciation Really Means

On January 15, the Swiss National Bank (SNB) abruptly decided to end its policy of intervening in the foreign exchange market to hold the euro …

Economics

Britain’s biggest export: wealth

IF A large factory opens in the next six months, it is a safe bet that Britain’s most powerful politicians will be on hand to celebrate the fact. …

Economics

Finance can cope with cheap oil | Financial Times

Last decade, investors learnt a nasty lesson about contagion. When the price of mortgage bonds and related derivatives plunged in the summer of 2007, …

Crude Oil Prices