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.
For the first time in history, people have the real prospect of no longer having to work long hours in boring, repetitive and physically debilitating jobs to meet basic needs. We will have more time to spend interacting with each other, caring for each other.
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RT @johnvanreenen: The high cost of breaking up the UK http://t.co/vqtg2V0TTS me in @PieriaView #ScotlandDecides #indyref
RT @FlipChartRick: Breaking up the UK - everyone's a loser http://t.co/2udSVJqAHC
AI, Robotics, and the Future of Jobs - http://t.co/faeebdi8bG
Breaking up is hard (and expensive) to do - by @johnvanreenen http://t.co/8mzc9CALJ4
The Co-Op story: a tale of two banks - by @Frances_Coppola http://t.co/W4XyRgH7F5