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.

‘Too many men’: Financial Times develops fembot to warn journalists of sexism

The Financial Times has a woman problem, or so it thinks. In the push for gender equality, and to reach out to female readers, boffins at the paper have developed a bot that warns journalists when they’re quoting too many men. The paper, which mostly covers the stuffy, male-dominated worlds of finance and industry, found […]

A new form of cryptocurrency promises to defy financial gravity

TO GET AN idea of just how volatile cryptocurrencies are, compare them with the stockmarket. Bitcoin, the biggest one, moves as much against the dollar in a single day as the S&P 500 does in 23. For speculators, this is a feature. For anyone who wants to use these digital monies for payments, savings or […]