Investment
Climate divestment activists draw inspiration from South Africa’s anti-apartheid struggle
The global boycott against South Africa’s apartheid regime is credited, in part, for helping to end it. Now, climate change activists are borrowing from the same playbook — pulling dollars from those who fund the fossil-fuel industry.
Wall Street & The Role of Women
As we approach the five year anniversary of the collapse of Lehman Brothers, we consider what the event brought with it: The start of the financial crisis and a deep recession. But what about the culture of Wall Street itself, Â and the role of gender in finance? How have things changed since the collapse, and […]
Five Years After the Collapse, The Debate Over Financial Regulation Rages On
Five years ago this Sunday, financial services firm Lehman brothers filed for bankruptcy, triggering the worst financial crisis since the Great Depression–a crisis that reverberated throughout the world. Some say we’ve turned a corner, and that the regulations instituted since the financial crisis are sufficient to prevent another crash like the one we suffered in […]
$5.7 Trillion in Shares Locked Up During Glitch at Nasdaq
Nasdaq–the world’s largest electronic stock exchange–closed trading for more than three hours on Thursday. The stock exchange, home to tech giants like Google, Apple and Facebook, says it experienced a malfunction in “disseminating price quotes.” According to one estimation, as much as $5.7 trillion dollars in shares was locked up. Nathaniel Popper, a reporter for […]
The London Whale Walks Free
Former JPMorgan Chase trader Bruno Iksil was known as “The London Whale” for his huge trades. But those trades often failed to pay off–last year, he tallied more than $6.2 billion in losses. According to Reuters, on Wednesday federal prosecutors in Manhattan criminally charged two former JPMorgan Chase employees with wire fraud and a conspiracy […]