Investment Banking
Study Shows Universal Bank Trades Are Informed by Private Commercial Borrower Information
New research by Rainer Haselmann, Christian Leuz, and Sebastian Schreiber finds evidence suggesting that German banks with commercial lending relationships improve their trading positions...
“In the Wake of the 2008 Crisis, You Can't Ignore the Influence of Big Business on Economic Policy”
Historian and author Adam Tooze talks to ProMarket about how the financial crisis “remade” American capitalism, why the US response to the crisis was...
It Takes a Village to Maintain a Dangerous Financial System: Q&A with Anat Admati
Stanford professor Anat Admati discusses her new paper, in which she explains how a mix of distorted incentives, ignorance, confusion, and lack of accountability contributes to...
The ProMarket Monthly Roundup
The first edition of our monthly roundup that includes ProMarket posts from the previous month, as well as interesting stories from our “Weekly Briefing” section.
The...
Corporate Culture in Investment Banking: An Inside Look
A former investment banker examines the culture that incentivizes people in the industry to put their interests before their clients’. Part three in a...
Rents and the High Cost of High Finance: Q&A with Gerald Epstein
New study estimates that the total costs of America’s flawed financial system–rents, misallocation costs, and the costs of the 2008 crisis–will add up to...
Putting the Client Last: A Former Investment Banker Explains How Clients are Being Systemically Sucker-Punched
“It is when our clients are the most fragile that we make the most money.” Part two in a series of columns by anonymous...
