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.
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