Banks and Banking


The Finance Industry and Its Impact on the U.S. Economy after the Great Recession

Speaker: Rana A. Foroohar
Speaker: John P. Lipsky
Speaker: Joseph E. Stiglitz
Presider: Peter R. Fisher

Experts discuss the growth of finance in the U.S. economy since the Great Recession and its impact on business production and income inequality, and whether government regulations introduced after 2008 have proven effective in preventing another recession.

See more in Global; United States; Financial Markets; Banks and Banking

Must Read

NYT: The Wolf Hunters of Wall Street

Author: Michael Lewis

"Katsuyama and his team did measure how much more cheaply they bought stock when they removed the ability of some other unknown trader to front-run them. For instance, they bought 10 million shares of Citigroup, then trading at roughly $4 per share, and saved $29,000 — or less than 0.1 percent of the total price… It sounded small until you realized that the average daily volume in the U.S. stock market was $225 billion. The same tax rate applied to that sum came to nearly $160 million a day."

See more in Americas; Banks and Banking