“A Hope And A Prayer Won't Be Enough”
The Black Economic Alliance, a fledgling political action committee, is putting its money behind candidates dedicated to righting economic imbalances that affect African Americans
Guilherme Benchimol's XP, The Charles Schwab Of South America, Is Changing The Way Brazil Invests
FOR ALMOST THREE DECADES, Wilson Feldberg kept his money in low-risk investments at Brazil’s biggest bank.
Twentytwo was billed as one of the biggest office towers in Europe. Overlooking he Bank of England, it would be built right in the heart of London’s main financial district—and amid all the uncertainty over rexit. So how’s that working out?
Raising The Stakes
With poker and option theory, Susquehanna International has become a key player in the fast-expanding ETF market.
What JPMorgan's Marko Kolanovic Is Looking At Now
People pay attention to Marko Kolanovic.
The $200 Trillion Gold Rush
A trip around the world with private bankers pursuing the ultra wealthy
Sonia Is Too Complex: Q & A With A Creator Of The Libor Replacement
AS BANKS PREPARE to move away from the scandal-tainted London interbank offered rate, few in the city of London will be watching more closely than William Porter.
Abby Johnson & Kathy Murphy: “Let's Prove We Can Do Something New”
IN AN ERA OF LOW-COST index funds, it’s tough to be best known for your stockpickers.
Your Guide To The Next Recession
With the global economy coming off its best performance in six years, it may seem strange to be speculating about the next recession. But when it comes to investing—and policy making—it pays to think ahead. In the following pages, we lay out some potential causes and warning signs of a downturn and why, if one occurs, it could end up lasting for a while.
The Humbled Science: Economists Reckon With Reality
Not so long ago, politicians had “favorite” economists. Margaret Thatcher’s was Milton Friedman. John F. Kennedy’s was probably John Kenneth Galbraith. President Bill Clinton had a Nobel Prizewinning economist, Joseph Stiglitz, in residence at the White House for his entire first term and was said to light up at the mention of John Maynard Keynes.
The New Keynesian' Fed
The U.S. central bank’s new leaders developed an economic model from the inflation lessons of the 1980s. But is it right for today?
Mark Carney: 'Within Nine Months, We Could Have A Disorderly Brexit Stress Test'
Mark Carney seemed revolutionary enough in 2013 when he became the first non-British citizen to be appointed governor of the Bank of England. But the 53-year-old has since had to contend with a much greater upset: the U.K.’s vote to leave the European Union. Now he reveals that he spends half his time preparing the financial system and economy for Brexit, which takes effect in March. Born in Canada’s remote Northwest Territories and educated at a public school in Edmonton, Carney graduated from Harvard and Oxford before working at Goldman Sachs Group Inc. and the Canadian finance ministry. In early 2008 he became the eighth governor in the Bank of Canada’s history, winning praise for his quick reaction as the financial crisis developed. He succeeded Mario Draghi as chairman of the Financial Stability Board (FSB) in 2011, becoming the point man on global financial system reform. At the Bank of England, Carney has juggled Brexit, negotiating new regulatory standards, and adapting the 324-year-old institution to its expanded supervisory responsibility. As the BOE’s 120th governor, he says some disruption was in order. “You don’t need an outsider all the time, but at the time it helped.”
Yes, But Do You Know Any Women?'
These three women are the first female global chief economists at the banks they work for. But don’t break out the Champagne just yet
A Debt Pioneer Looks To Usher Schuldschein Into The Digital Age
FEW PEOPLE CAN CLAIM to have created a new debt market. Andreas Petrie is one of them. And more than two decades after his breakthrough deal, he’s once again driving a transformation.
When Should a College Divest? Michigan State Is Working Out an Answer
POLITICAL ACTIVISTS SET their sights on Michigan State University last fall.
Private Equity Wants You To Feel Good About Investing
AT LESS THAN 3 inches long from head to tail, the dunes sagebrush lizard is in the running for meekest creature on earth.
Does The World Really Need An AI-Powered Dark Pool?
MATHEMATICAL FORMULAS, scrawled in red and black, cover a glass wall.
AFTER A FOUR-YEAR drought that cut production of California almonds and brought criticism of farmers’ water usage, one of the state’s biggest exports is back. Almond production in the season that ended last year topped the predrought record set in 2012.
Rick Rieder Obsesses About Risk (And A Few Other Things)
RICK RIEDER FREQUENTLY describes himself as “maniacal.” And he’s not alone. BlackRock Inc.’s chief executive officer, Larry Fink, agrees.
Manuel Henriquez Has Been Dealing With A Few Things, Ok?
FOR MANUEL HENRIQUEZ, the founder and chief executive officer of Hercules Capital Inc., if ever there were a year to remember—or maybe forget—this would be it.
This Is How To Create The Top Emerging-Markets ETF
CHINESE CONSUMERS are optimistic this year.
Would You Buy 7 Percent Bonds From This Guy?
LUIS CAPUTO IS GETTING frustrated with the bond market.
Building A New New York
NEW YORK IS A CITY of icons, and nowhere is its iconography more apparent than at the nexus of real estate and Wall Street.
How Global Infrastructure Partners turned a sleepy sector into one that has investors clamoring for more
Nasdaq's Adena Friedman On IPOs, Unicorns, And Roundhouse Kicks
Nasdaq’s Adena Friedman On IPOs, Unicorns, And Roundhouse Kicks
The Best Champagne On Earth
How Bollinger makes its ultra-rare, ultra-delicious Vieilles Vignes Françaises
Run The Canadian Rockies
Take a powerful new Ferrari through Alberta’s BanffNational Park
when the suit is the destination
book a trip to naples for an appointment at rubinacci , the legendary bespoke atelier where you can get the suit of a lifetime made in just one week
actor, director, and motorcycle fanatic ewan mc gregor models the coolest looks of the season
master the hills surrounding italy’s lake garda in the maserati levante