Rana Foroohar

Rana Foroohar is TIME's assistant managing editor in charge of economics and business.

Articles from Contributor

Curious Capitalist Curious Capitalist

Banking’s Really Bad Day

Four years on from the financial crisis, new banking scandals still seem to break out every few months. But this week has been particularly bad for the industry. There was HSBC’s $1.9 billion settlement with the U.S. Justice Department over laundering money for Latin American drug cartels and helping countries like Iran, Cuba, Sudan,

Curious Capitalist Curious Capitalist

How Bad Mergers Are Killing Innovation

Wall Street’s disproportionate sway over the U.S. economy has caused big problems in recent years, from the subprime crisis to high-frequency-trading debacles (just look at the new research out from the CTFC showing how speed traders rip off average Joes). But here’s one you may not have noticed: it’s crippling innovation.

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