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Something is wrong with our banking system. We all sense that, but Mervyn King knows it firsthand; his ten years at the helm of the Bank of England, including at the height of the …
The most remarkable thing about the collapse of the savings and loan industry is that so many of the major participants--the regulators, politicians, and S&L operators …
In February 1995, the unthinkable happened: one of the oldest and most respected merchant banks in London went bankrupt. The story that rogue Barings trader Nick Leeson lost …