Why all those Great Depression analogies are wrong It’s difficult to avoid the comparisons between the current sad state of financial affairs and the Great...

The count down continues – Bears Stearns, Northern Rock, Indy Mac, Fannie Mae, Freddie Mac, Lehman Brothers, AIG, Merrill Lynch and so on and so forth. In our own...

John Thain, the new head of Merrill Lynch, has promised to overhaul the bank’s bonus system following record Wall Street pay-outs, despite huge losses. Bonuses at the...