While promoting his new book, former Federal Reserve Chairman Ben Bernanke told USA Today that he believes the federal government should have prosecuted more bankers responsible for the financial crisis of 2008. 817 more words
Tags » London Whale
Just weeks after his first inauguration, President Obama delivered a landmark speech on the dangers of over-the-top Wall Street pay. Today, more than five years later, he’s still nagging regulators to do something real about it. 719 more words
One of the stranger things I noticed living in the UK was the sense people had of the country’s irredeemable corruption. Inspite of the enormous sums involved in US, French or developing world scandals, we Brits got it into our head that the UK was the most corrupt place on earth. 807 more words
It wasn’t an easy year to be a master of the universe.
Ask Jamie Dimon, who, in his annual letter to shareholders, says that wading through the bank’s legal morass in 2013 was the most difficult moment of his professional career. 409 more words