Given the level of public outrage over the government’s rescue of banks during the financial crisis, the final cost to the taxpayer of keeping those failed institutions afloat turns out to have been relatively modest: The FDIC …
UBS and Credit Suisse Group will have to almost double their capital holdings because Switzerland has set out to further tighten the reins on its megabanks, requiring them to hold capital well in excess of the new Basel III rul…
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…
“It felt like the world was on fire,” recalls financial writer Andrew Ross Sorkin, whose book Too Big To Fail covers the crisis at its peak. In an interview, he discusses the meltdown, its aftermath, the quest for power on Wall…