Economist and former member of the Bank of England's (BoE) Monetary Policy Committee, Adam Posen said while outgoing governor of the BoE Mervyn King will be remembered as being a great public servant, he made a series of misjudgements which he has to take account for.
What's coming out next ?
Nomura plans 'some redundancies' in its Australian equities business in line with its global strategy, according to a memo obtained by Bloomberg News.
AstraZeneca has suffered another drug trial setback.
Hell, even Bernie Madoff could be out before some bankers get their bonuses!
Lock up the banksters. Or, as the Banking Commission put it, create a new criminal offence of "reckless misconduct in the management of a bank". This is an excellent idea.
People are living longer and the benefits promised to retirees are unsustainable because no one expected them to be paid out for so long. However, some think that some workers hit their prime well into their 60s.
New York Governor Andrew Cuomo has announced that the Administration has reached an agreement with Deloitte Financial Advisory Services regarding the company’s misconduct, violations of law, and lack of autonomy during its consulting work at Standard Chartered on anti-money laundering issues.
After a public disagreement that threatened to blow up into a larger battle, Chrysler said Tuesday it has agreed to recall 2.7 million Jeep vehicles that the National Highway Traffic Safety Administration said could potentially erupt into fire if rear-ended.
As the Federal Reserve's Open Market Committee begins a two-day meeting, economist Nouriel Roubini and political scientist Ian Bremmer warned that the Fed's monetary easing exit strategy would be "treacherous" and would lead to financial instability.