Oct 20, 2009

Mistrust carries economic consequences

LONDON — Public trust in financial institutions, and in the authorities that are supposed to regulate them, was an early casualty of the financial crisis. That is hardly surprising, as previously revered firms revealed that they did not fully understand the very instruments they ...

Jul 22, 2009

Are the finance sector’s halcyon days over?

LONDON — For at least a quarter-century, the financial sector has grown far more rapidly than the economy as a whole, both in developed and in most developing countries. The ratio of total financial assets (stocks, bonds, and bank deposits) to gross domestic product ...