Knight Capital came very close to becoming the only Wall Street firm to be forced into bankruptcy court by a computer glitch.
We've heard the arguments before. Banks are too big to fail, they're too complex to manage and they're too powerful to prosecute. So what to do?
We've hit the moment of truth when it comes to the much-discussed Volcker Rule.
The Economist offers an interesting look at two recent books about the hedge fund industry, which together reflect starkly opposing views of the industry.
Big banks with global capital markets operations are no doubt smarting from the downgrade actions by Moody's. But now that the news is out, some may be thankful that the downgrades weren't even worse.