Does the theory that traders seeking profit ultimately cause more harm than good apply equally to high-frequency trading and other domestic markets? The Nobel prize-winning economist says yes.
TIAA-CREF is buying Nuveen Investments for $6.25 billion. The sale marks the end of an ill-fated acquisition by private equity shop Madison Dearborn in 2007, just before everything fell apart.
If you don't want to start fiddling with the tax code to penalize the childless, maybe an easier way to achieve much the same goal would be to invest more, at a federal level, in education.
He knows that if he wants to build a company that will last decades, it's going to have to outlast Facebook as we currently conceive it.
The head of the New York Fed has delayed an important piece of bank regulation just because it might make his rate-setting job more difficult.
Buy securities cheap, change the law, see them soar. That seems to be the thinking on Fannie Mae.
Puerto Rico, which is already junk-rated and which is facing yet another downgrade to its credit rating, is in no position to call any shots when it comes to raising new debt.
Moving various risk-management operations from New York to Mexico turned out to be a very expensive decision by Citigroup.
Don't count on competition to bring down prices in this industry.
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