The search for a new deputy governor for the Bank of England enters the shortlist stage today with economists seeing no clear favorite to replace Charles Bean, the third top official to exit the central bank in less than a year.
Jamie Dimon was right. Speaking at a televised session during the World Economic Forum in Davos last year, the JPMorgan Chase & Co. chief executive officer predicted that the condemnation of bankers was far from over.
In their important new book, “The Bankers’ New Clothes,” Anat Admati and Martin Hellwig challenge a cherished belief of people who run big banks: Equity is “expensive” and requiring banks to fund themselves with more equity (relative to their debts) will somehow slow the economy.
Breezing into a sunlit conference room near London’s Hyde Park Corner wearing an open-collared white shirt that frames his square jaw, Loic Fery exudes the confidence of a soccer club owner who’s enjoyed success on the pitch and with the team’s account ledgers.
Arthur Levitt, former chairman of the U.S. Securities and Exchange Commission, interviews Anat Admati, a professor at Stanford University and coauthor of "The Bankers' New Clothes: What's Wrong With Banking and What to Do About it." They spoke on Bloomberg Radio's "A Closer Look With Arthur Levitt."