Christopher Leonard, the New York Times business journalist, infiltrates the Federal Reserve to show how its policies steered by Chairman Jerome Powell over the past ten years have accelerated income equality and put America’s economic stability at risk. The press credited the Fed when the economy grew and also when the economy imploded in 2008,…
Award-winning financial historian delves into character-driven story of venture capital and the world it made. “Innovations rarely came from experts” Jeff Bezos, Elon Musk was not in the auto industry. When it comes to innovation, the future cannot be predicted, it can only be discovered. Most attempts at discovery fail, but a few succeed at…
Santander Bank mistakenly deposited £130 million into 75. 000 accounts on 25 December, surprising several on Christmas morning from an unexpected benefactor. Santander’s staff are now rushing to claw back the money, although the job is being difficult because much of it was deposited in accounts at rival banks. The error apparently occurred when payments…
NatWest contributed to anti-money-laundering failures that involved black bin liners stuffed full of cash being deposited, and sums so large that one branch’s two floor-to-ceiling safes proved “inadequate” for storing it all. The Bradford Jeweller Fowler Oldfield’s predicted annual turnover was £15m when first taken on as a client, but it ended up depositing…
In The Long Game, Rush Doshi, advisor on China in the Biden White House, draws from a rich base of Chinese primary sources, including decades worth of party documents, leaked materials, and memoirs by party leaders, to demonstrate that China is in fact playing a long, methodical game to replace America as a regional and…
Wall Street reporters, Eliot Brown and Maureen Farrell, probes into the saga of ambition by aspiring entrepreneur to hit big time and the reasons why some of the biggest names in banking and venture capital buy the hype? What does the future hold for Silicon Valley “unicorns”? “The Cult of We” explores these questions with…
UK inflation rate rises at highest in a decade at 4.2 per cent in October, amid fears over Covid recovery. Th jump, driven largely by rising fuel and energy costs, which puts further pressure on households across the UK. Demand for gas is pushing up energy prices worldwide, recovering from Covid pandemic. The shortages of…
Jes Staley Barclays boss has quit in a shock exit after a probe into his links with sex offender late Jeffrey Epstein. The City watchdog and Bank of England have been investigating if Mr Staley’s relationship to the dead financier was close than first thought. Regulators began investigating after getting a cache of emails…
Financial Times journalist Robin Wiggleworth, reveals the secret history of Index Funds, bringing to life the colourful characters behind their birth, growth and evolution into a world-conquering phenomenon, a story of the most pressing financial uncertainties of our time. In 1971, an unlikely group quietly assembled in the financial industry’s backwaters, unified by the heretical…
In 1966 two columnists from Newsweek magazine to debate the world of business and economics. Two most influential economist Paul Samuelson was an authority on Keynesian economics which supported the management of the economy along lines prescribed by John Maynard Keynes’s General Theory, and Milton Friedman, little known at that time outside conservative academic circles,…