Sandy Weill, the former Citigroup chief executive and shatterer of Glass-Steagall says the industry needs a return to the separation of commercial and investment banks, while a recent study on HFT reveals that the practice costs long-term investors $2.5 billion per year.
5. Libor Reality
It appears you treated it as almost a curiosity, or something akin to jaywalking, as opposed to highway robbery.
— Jeb Hensarling, Republican of Texas, as Congress grilled Secretary of the Treasury Timothy Geithner on LIBOR-rate rigging
Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio