We are used to hearing about the Co-Op Bank's disasters. But there was another bank involved too.....
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Portugal's Espirito Santo Group shows that complex, opaque corporate structures with embedded banks create moral hazard and the risk of fraud.
Almost nobody actually understands how payment systems work. That is: if you “wire” funds to a supplier or “make a payment” to a friend, how does the money get from your account to theirs?
Acharya and Steffen (A&S), authors of “Falling short of expectations? Stress-testing the European banking system”, have written a confusing paper whose results are biased. Here's why.
It's possible that a society of educated people is likely to be more cultured and scientific-minded than one of non-graduates, and this should have positive externalities in the form of better political discourse and higher culture. There is, however, little evidence of this in practice.
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RT @TimHarford: A brief guide to helicopter money http://t.co/xt6jwHatqd
Why a company’s choice of AGM location could be a possible ‘sell’ signal - http://t.co/Jk1Q9WZ3pt
RT @azizonomics: Latest blog post for @PieriaView "On UKIP and leaving the European Union" http://t.co/K6YR8zDzCB @Frances_Coppola @tomashi…
Ritholtz's Reads: Revenge of the Nerds http://t.co/5I5iRsaohh
RT @D_Blanchflower: Immigration: Could we – should we – stop migrants coming to Britain? excellent from @jdportes http://t.co/G8PNDbYqgk