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Citigroup CFO Mark Mason on how ‘careers are defined in times of crisis’

When I met with Citigroup CFO Mark Mason at the company’s headquarters in Lower Manhattan, I assumed we would be talking about the regional banking crisis and SVB....

Bank bosses are hiding $600 billion in unrealized losses to keep their mega bonuses. Here’s why portfolio securities should be marked to market

Silicon Valley Bank (SVB) failed because it invested too much in long-term bonds that lost value when interest rates went up. That’s what our accounting rules encourage banks...

Opinion | Paul Singer, the Man Who Saw the Economic Crises Coming

He warned about subprime mortgages before 2008, Dodd-Frank in 2010, and inflation in 2020. After Silicon Valley Bank, what does he think is next? Source link

Opinion | You Don’t Need a Banking Crisis for a Financial Meltdown

OpinionPolitical EconomicsPost-2008 regulations may save us from a bank panic. The danger is every other financial institution. Source link

Opinion | Janet Yellen Blames Everybody Else for the Financial Panic

Regulation failed to prevent bank failures, but the Treasury secretary wants more regulation. Source link

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Iran’s new president is a reformist and heart surgeon who uses English business jargon and wants to revive the nuclear deal with the West

Masoud Pezeshkian, a 69-year-old heart surgeon who wants to revive the nuclear deal with the West, was voted president of Iran following a...

Pup prenups: 84% of pet parents support the idea of proactively deciding the fate of their pets if they divorce

Even the best laid plans fail sometimes. Take marriage, for example. In 2022, there were more than 673,000 divorces and annulments in the...

Is there an ideal age to be president?

Much of the discussion on the upcoming U.S. presidential election revolves around issues of age: Donald Trump is 78 and Joe Biden is...

This is the summer’s coolest new smart kitchen gadget — literally

Some smart home gadgets could be considered essential. A smart thermostat can save you money, and a smart door lock can prevent you...