The regulatory apparatus designed to oversee investment banking is structurally flawed. To spawn ethical behaviour within traders will require nothing less than a sector-wide cultural change.
Engine No. 1 convinced other shareholders to support at least two of its nominees to join the company’s board as part of its push for a stronger sustainability strategy at Exxon.
The world’s first futures market for water launched in California in December. Two commodities experts explain how it works, what the potential problems are and why there’s no reason to freak out.
The UK government is about to reform social care, but the focus is likely to be on funding, not the companies that are allowed to have a stake in the sector.
It’s up to the courts to draw a line between free speech and illegal market manipulation. And the Supreme Court has never ruled on this specific question.
A major factor in the collapse of Thomas Cook relates to an increasingly important financial market phenomenon, especially for distressed firms, known as the “empty creditor” problem.
The Organization for Economic Cooperation and Development has proposed a plan to stop companies from avoiding billions of dollars in taxes. As we know from the scandals surrounding Amazon, Starbucks, Vodafone…
When Mathew Martoma, the former portfolio manager of SAC Capital, was sentenced to nine years in prison for insider trading last week, much of the comment was about how harsh the punishment looked. It…
Another week, another proposal to deal with Argentina’s debt. The latest one, by the Argentine president, Cristina Fernández de Kirchner, is to launch a voluntary debt swap where investors holding defaulted…
A US judge has approved a US$1.2 billion settlement and accepted a guilty plea by hedge fund SAC Capital in what has been described as the largest insider trading settlement in the country’s history. Eight…
It is increasingly difficult to find someone who is agnostic about private equity and hedge funds. Many in the financial industry champion these investment vehicles as a means to deliver absolute returns…
In the aftermath of the global financial crisis, much ill-feeling remains towards Wall Street, the investment banks and those individuals who profit from short-term movements in the financial markets…
Since defaulting on its debt in 2001, Argentina has been locked in a decade-long battle with international investors. Tensions between the country and institutional bondholders reached new highs on October…