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I remember the Crimson Sports staff joking about how my co-chair Dixon McPhillips and I didn’t even like sports. This may have been an exaggeration, but it’s true that we approached our jobs intent on delivering content that transcended athletics.
Importantly, SWIFTs are not banks; they are more akin to private investment pools, like hedge funds or private equity firms. Moreover, they have universally opted to keep their assets below the $100 billion “Too Big to Fail” threshold that regulators use to classify any financial...
The clearinghouse industry has been another victim of the crisis. Clearinghouses grew rapidly in the wake of 2010 reforms that targeted the over-the-counter derivatives market. Clearinghouses were meant to bring a greater level of stability and transparency to derivatives trading. But this industry has become more fragmented than...
Thus far, consumers and non-energy-related businesses have not felt much of a credit pinch. Yet, analysts warn that, in spite of the strong position of the banks, a powerful credit crunch is inevitable. “This is going to be worse than 2008,” said...
Chris Rouches overcame a broken hand to contribute an .833 average with runners in scoring position, while Jonathan Strangio battled what could have been a career-ending injury to throw over three innings of one-run relief in the last game of the season.