Word: risk
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...member panel found that yearly mammograms unquestionably reduced the risk of dying from breast cancer 15% in women under 50. But when weighed against the risks of screening - false positives, additional biopsies and patient anxiety - the relative benefit was too small to recommend screening in younger women. That conclusion has incensed some oncologists. "They are saying that we should take mammography away from women in their 40s because ... these factors outweigh the value of lives saved," says Dr. David Dershaw at Memorial Sloan-Kettering Cancer Center. (See pictures from an X-ray studio...
...causes of the recent financial crisis and laid out a convincing case for robust regulation of America’s troubled banking system. Among other things, he concluded that the sheer size of American banks was a major contributor to the financial crisis and continues to present a systemic risk to the economy...
...indirectly restrict the size of banks. Although this represents a step in the right direction, the president’s economic team has no plans to restore the wall between commercial banks, investment banks, and insurers. This means that the administration is overlooking an underlying cause of systemic bank risk...
Retail banks and investment banks have fundamentally different functions and thus different appetites for risk. Retail banks are low-risk ventures; their deposits are insured by the FDIC. Investment banking is more lucrative but involves greater risk. When these two businesses are placed under the same roof, the result is a severe conflict of interest...
This is the case because the investment banking division can use FDIC-insured funds from the retail-banking division to indirectly finance excessive risk-taking. The retail bank’s customers will not transfer their deposits to a safer institution because they know that the FDIC will compensate them in the event of a bank failure. This moral hazard encourages further mergers between retail and investment banks, which in turn begets more institutions that are “too big to fail.” When excess risk gets a conglomerate bank into trouble, the bill goes to?...