The City has been plagued by financial disasters. Will the replacement of the Financial Services Authority with two new banking regulatory bodies be enough to stop the rot?
AAP Pictures
If the UK Financial Services Authority (FSA) had been a dog, it would have been about 86 years old when it was put down on April Fool’s Day this year. Uncharitably, some say that the FSA, the lead regulator…
Nine CEO David Gyngell has secured a lifeline for the ailing television network.
AAP
Channel Nine is a station of two tales. The first is the positive story its viewers see: smiling in-house celebrities, reliable newsreaders, and blockbuster programs such as House Husbands, The Voice…
Can we afford to be laissez faire about amoral economic behaviour?
Carrie Sloan
“Morally bankrupt” is how a recently departing Goldman Sachs executive described the culture of the investment bank. As noted in Business Day, this view “is common among the bank’s critics, many of whom…
Greg Smith’s expose on Goldman Sachs could reframe the debate on regulatory reform – but is business media on board?
AAP
The worst damage to the Goldman Sachs franchise from the extraordinary attack on its corporate culture by a mid-level former employee comes from its clinical execution.
With exquisite timing, Greg Smith…
The US Securities and Exchange Commission (SEC) has chalked up what appears at first glance to be another high-profile success in its prosecution of the strategies used by investment banks to profit from…
