David Bowie’s financial innovation of issuing bonds against his royalties gave securitization a certain luster. Then subprime mortgages came along.
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The global markets unit contributed over a third of the bank's revenue in the first quarter, underlining how the business underpins Barclays' global ambitions.
Key questions for Fed still unanswered after Cook decision
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The Federal Reserve's new chair wants to change the way the central bank communicates with markets and the public. What those changes ultimately amount to could represent a major shift in an agency that has made transparency a guiding light for decades.
Alan Greenspan, who led Fed during boom before 2008 bust, dies at 100
Greenspan's 18 years as Fed chief, from 1987 until his retirement at the start of 2006, were marked by a stock market boom and low unemployment.
