(AP)—HSBC avoided a legal battle that could further savage its reputation and undermine confidence in the global banking system by agreeing Tuesday to pay $1.9 billion to settle a U.S. money-laundering probe.
Internet
Dec 11, 2012
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As the United States continues its struggle to emerge from the worst economic crisis since the Great Depression, a practice known as fair-value accounting has been taking heat. Critics—mostly banking associations—say ...
Economics & Business
Jan 31, 2012
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Obvious conflicts of interest and poor performance are among the reasons why a Kansas State University economist says the way the leading credit rating agencies are funded should be changed.
Economics & Business
Aug 16, 2011
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The Journal of Financial Economics recently published a paper by Andrew Ang, Chair, Ann F. Kaplan Professor of Business and Chair, Finance and Economics Division at Columbia Business School; Sergiy Gorovyy, PhD candidate, ...
Economics & Business
Jul 28, 2011
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Against the backdrop of the toughest economic times in living memory, family businesses seem to be not only surviving, but thriving, according to research conducted by law firm Veale Wasbrough Vizards and the University of ...
Social Sciences
Jul 18, 2011
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The recent banking crisis represented a missed opportunity for the U.S. government to put financial markets on a firmer foundation and prevent future meltdowns, former New York governor Eliot Spitzer asserted in a talk at ...
Economics & Business
Apr 28, 2011
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(PhysOrg.com) -- Anjan Thakor, finance professor at the Olin Business School, Washington University in St. Louis, will present a new theory on the causes of the financial crisis to a meeting of the New York Federal Reserve ...
Economics & Business
Dec 7, 2009
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Financial crises place significant strain on banks, causing them to behave more opportunistically than clients are accustomed to. Business clients should count on this, according to Uppsala University business economist Kristina ...
Economics & Business
Sep 21, 2009
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(PhysOrg.com) -- The current financial crisis may reduce economic freedom as governments are likely increase intervention in a bid to protect their own economies - according to a study in Pacific Focus published by Wiley-Blackwell. ...
Economics & Business
Jul 31, 2009
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