whoops

Even a ratings agency can see that a $400 million loss, some impending arrests and Mike Corbat’s heartache are not good for business. Read more »

RBS’ (alleged!) mortgage-backed chicanery has put a real crimp on the woodsmiths’ vacation plans for the last few years. Now, however, the perfidious Scots have agreed to pay up, ensuring quite an upcoming summer down the Shore. Read more »

Remember how imperative it was that hedge funds register with and be closely monitored by the SEC so as to keep them from causing another financial crisis what with all of their riskiness? Well, as it turns out, all of that new data shows that hedge funds never did and never were. Oh well. Read more »

  • 04 Oct 2013 at 2:48 PM

Technological Ineptitude Goes International

The latest exchange SNAFU announcement has been made with a British accent. Unfortunately for the Liffe, it’s the one part of Euronext that the IntercontinentalExchange and its crack technology department, the New York Stock Exchange, is keeping. Read more »

  • 30 Aug 2013 at 2:22 PM

Getting To The Bottom Of FedMinutesGate

Someone who shouldn’t have had access sent the minutes to someone who didn’t have access and who didn’t have a calendar or something. The rest is history. Read more »

  • 05 Aug 2013 at 4:27 PM

The Phantom Bitcoin Investor

“Famed Trader” Joe Lewis was briefly a major backer—to the tune of $200 million—of the digital currency, except that he wasn’t. Read more »

  • 31 Jul 2013 at 3:22 PM

The IMF Crunches The Greek Numbers Again

How overly optimistic was the IMF, re: Greece? About €11 billion. Or, more accurately, about 11 billion German euros. Sorry. Read more »