Turmoil in August was a sign something was awry with capital markets, former NYSE chief Richard Grasso says The former head of the New York Stock Exchange says modern markets have sacrificed fairness speed.
Never mind Michael Lewis. The most interesting and provocative thing to be written of late about financial innovation in general, and high-frequency trading in particular, comes from Joe Stiglitz. The
As Wall Street hangs on the question “Will Greece default?,” the author heads for riot-stricken Athens, and for the mysterious Vatopaidi monastery, which brought down the last government, laying bare country’s
WASHINGTON (Reuters) - Clearing houses, whose role to guard financial stability was much expanded after the 2007-09 crisis, now pose threats themselves, the head of the top U.S. financial research agency