Federal Reserve governor Frederic Mishkin gave a speech Monday at the Risk USA 2007 conference in New York. He said some interesting stuff: Two types of risks are particularly important for understanding financial instability. The first is what I will refer to as valuation risk: The market, realizing the complexity of a security or the [...]
Not long after the AOL-Time Warner merger was announced in 2000, Steve Case and Jerry Levin came to London to talk to all the UK AOLians and Time Warnerites about the deal. I had just moved to London a few months before, and the main thing I remember from the gathering was Case declaring that [...]
In the comments to my post on Chuck Prince’s resignation, somebody with the very creative handle “Anonymous” makes an excellent point: You may recall that Prince got the job when Citi was reeling from one legal scandal after another, which was not a Weill forte. If the trend continues, the next CEO will be good [...]
