Word: financees
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"A capital shortage is a capital shortage is a capital shortage," says Anil Kashyap, professor of economics and finance at the University of Chicago Graduate School of Business. To Kashyap and a number of economists, this has been the problem from the beginning, and any proposed solution that doesn't...
On Oct. 7, E.U. finance ministers at least came to a rhetorical agreement to prop up "system-relevant" banks. But which are they, and how many billions does Europe have to deploy? We'll cross that bridge when we get there, the ministers mumbled; meanwhile, we'll wait for the...
All this activity has made the City - the square mile around St. Paul's Cathedral that is the heart of the old financial district, and the gleaming towers of the new financial district in the docklands area - a powerful motor not just for London but for British prosperity. In 2007...
As the gloom descends, one question is starting to make the rounds - a question that London hasn't really asked itself before: Did the City become too successful for its own good? The increasing dependence on financial services has brought in fabulous wealth in the past 15 years, but it...
River of Gold To see how finance has reshaped the British capital, take a trip to Greenwich, about 3 1⁄2 miles (6 km) downstream from Tower Bridge and home to the Royal Observatory, which dates back to 1675. It's the birthplace of Greenwich Mean Time, but for...