Investment banks are working around new regulations restricting them from putting their own capital into short-term investments: The Wall Street institutions are sidestepping the Volcker Rule by making direct purchases of secur…
Morgan Stanley is expected to report sharp declines in third-quarter earnings and revenue ahead of Wednesday’s opening bell, hurt by months of weak trading activity. The financial giant is forecast to post earnings of 15 cents …
The mortgage-backed securities meltdown whose effects still haunt our economy sprang from a simple cause: The rules of the game gave big incentives to every player involved to ignore the problems and keep collecting their fees….
Since Lehman’s collapse in September 2008, regulators around the world have begun erecting a scaffolding of new rules and regulations designed limit excessive risk-taking. The big question is: Are they enough to prevent another…
The so-called Basel III reforms impose new rules for capital reserves that the world’s banks would have to keep on hand as a cushion to avert future financial meltdowns. The G20 nations are expected to ratify the agreement at t…