Risk Management

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Greg MacSweeney
Greg MacSweeney
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The Facebook IPO Debacle, JPMorgan Deja Vu, What Will RIM Do With the BlackBerry? and More Quotes of the Week

Facebook's flubbed IPO, too-big-to-fail banks, RIM/Blackberry's future, JPMorgan's financial circus deja vu and the euro's coming armageddon are just a few of the quotes that made it to this week's quote roundup.
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2. T.B.T.F

High-tech finance just moves money around without increasing the size of the pie. High-speed trading may increase bankers’ fees, but its economic benefits are dubious. Financial technology allows banks to operate with less capital than regulators think prudent.

— Eduardo Porter, writer of the Economic Scene column for The New York Times, in his piece "Big Banks Don't Need To Be So Big

Source: The New York Times

 

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

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