Former Fed chair warns of ‘gigantic holes in the system’ & new financial meltdown risk

Janet Yellen, former US Federal Reserve chair, has warned that another financial crisis could be in the country’s future, due to ballooning corporate debt and regulatory impotence. “I think things have improved, but then I think there are gigantic holes in the system,” Yellen told economist Paul Krugman at the City University of New York. […]

She Disrupted Financial Services. Now It's on to South African Society

“What are we all going to do next?” The question took Magda Wierzycka — then CEO of African Harvest Fund Managers — by surprise. She was focused on fulfilling the majority shareholder’s wish to sell the business and “hadn’t given the future much thought.” “There are about six of us,” continued Niki Giles, the firm’s […]

Hospitals profiting from private cord blood bank didn’t disclose financial ties to patients

Two Toronto hospitals that have a financial relationship with a private company that banks blood from babies’ umbilical cords say they need to be more upfront about their affiliation after an investigation by CBC’s The Fifth Estate raised questions about their practices.