Who says it doesn't pay to default?

The European Union is today the sick man of the world economy. The global economic outlook is more promising than thought a year ago. The world economy will grow at 4.5-5% in 2011. Emerging marke.. Read full story

A tale of three jubilees

&nbs.. Read full story

Board membership as career?

A decade or so after the governance revolution, how to fix corpora.. Read full story

Small economies, big headaches

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G20 accord needs US policy shift

In the wake of the subprime crisis, the G20 coordinated its fiscal and monetary actions to avoid an economic catastrophe.
It succeeded in averting a possible repeat of the Great Depression.Read full story

Crisis losses and rescue costs

The subprime crisis of 2007 inflicted substantial losses on the financial sector as it unfolded over the next couple of years. These losses were estimated in trillions of dollars and so were the co.. Read full story

How do we pay the bankers?

How to pay top managers is a vexed issue anywhere. The numbers look outsized and are getting more obscene by the day. In banking, we have an even more difficult problem. It is not enough to align.. Read full story

Why the Greek rescue won't work

Greece has been dubbed the ‘public sector's Lehman Brothers'. Parallels have been drawn with a large bank failure. Greece, it is said, had to be rescued because a default on its part could have .. Read full story

Gunning for Goldman

Goldman Sachs is not the most popular firm in the world today. It has benefited from a government rescue, made tonnes of money through the recent crisis and handed out generous bonuses to bankers whil.. Read full story