Not so long ago, a bank was by definition a business that took deposits from customers, paid them for the use of their money, and lent the cash to ... Read More
Something strange is happening in the banking business. In theory, a low interest rate environment is good for banks because it allows them to borrow money for next to ... Read More
A month ago China’s stock bubble was bursting and Greece was imploding. Yet the US Fed, in a violation of both headline sentiment and common sense, was still promising ... Read More
Intel is buying chip maker Altera. Charter is buying Time Warner Cable. All the big drug makers are buying all the mediums-sized ones. Great news, right? If these huge ... Read More
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