Word: financees
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And yet that, by and large, was how the biggest players in the financial-services sector acted in the run-up to the crisis. Taking on risk from instruments like credit-default swaps and collateralized debt obligations (CDOs) was treated as a profit center, often with little oversight of the...
That is exactly the sort of top-down control financial firms now say they want. Citigroup CEO Vikram Pandit vows to be a "hands-on participant" in risk management. In August, UBS chairman Peter Kurer broke the firm into three separate units partly because the old structure, he said, encouraged...
In Texas: A Primary Ghost, 7:30 a.m. E.T. Yesterday, Dallas was witness to shades and shadows of what might have been. Onetime presidential contender John Edwards sat with family mourners at the funeral of his former national finance chairman, Dallas attorney Fred Baron,. It was Baron who confirmed in...
In a much-anticipated announcement, Scotland's finance secretary John Swinney gave Trump permission to go ahead with his $1.56 billion investment, overruling the local authority, Aberdeenshire council, which last year turned down Trump's development on the grounds that it would destroy the ecologically sensitive dunes.
Grimm—who has lived almost his whole life in Canada but is a U.S. citizen—spends most of his time assisting the regional research staff in addressing the challenges unique to each state. He said his work straddles the finance and new-media teams, breaking new...