Too big to fail, and swallowing New York NY Torch

In a much-linked article, the Washington Post reports that "the biggest" of the nation's too-big-to-fail "banks are even bigger" today, with three big banks alone owning more than 30 percent of the nation's deposits, and four big banks issuing "one o...

Lord Ferrer? New York 1, London 0 NY Torch

The chairman of Britain's Financial Services Authority (similar to our SEC), Lord Turner, yesterday floated the idea of a global tax on financial transactions to shrink "a swollen financial sector," the FT reports. Turner admits that "the problem of...

3/17, 9/15, 11/23 NY Torch

Yesterday was another watershed day for New York and for American financial capitalism. (more…)...

NYC 1, London 0 in early regulatory round NY Torch

As everyone rushes to conclude that America's financial-regulatory regime is completely broken, the FT has something to say (registration required) about hedge funds whose UK-based assets -- estimated at $65 billion dollars -- were frozen in ...