It seems like every few years there’s an initiative by New York or London to “reclaim” its standing as a top financial center. So we greeted today’s news of such a campaign by the UK government as, well, something quite familiar. There’s more than national pride at stake in these efforts. Financial services accounts […]
It’s the time of year to reflect on life, business – and our best and worst posts. Your diligent scribe here at the Risk Matters blog had a few observations that proved prescient. Oh yes, there were some clunkers, too.
The kind folks at Fox Business invited me to join their conversation about Nasdaq’s response to its trading blackout and the performance of CEO Bob Greifeld: via Fox
It has been quite a week for apologies. Hedge fund supremo Bill Ackman expressed regret over his money-losing bet on J.C. Penney. Dan Doctoroff, CEO of Bloomberg, released the results of an independent review of its data security and editorial practices and pledged steps to strengthen both. But when it came to the week’s biggest […]
It’s embarrassing anytime a company’s earnings are released accidentally. But when the company is a giant known for its savvy technology skills, well, it’s a calamity. Amid the morning-after explanations, several questions remain unanswered.
No one is covering themselves in glory in the aftermath of the Facebook IPO. Lead underwriter Morgan Stanley is battling allegations that it priced the deal too richly. Facebook insiders are being called greedy for the last-minute increase in the number of shares they sold in the offering. Facebook’s management is being criticized for signaling […]