On Sunday, the Bank for International Settlements announced an agreement that, in order to prevent another 2008-style crisis in which giant global banks reach the brink of failure and hold the global economy hostage, financial institutions now have to have a little extra capital socked away.
The new requirements, christened “Basel III” after its Read More
Henry Blodget has raised “about $3 million” in his second round of venture capital funding. The Business Insider proprietor and $20 bill man announced in a post this morning that he plans to launch more verticals, an international edition and a professional research service, while expanding his newsroom and doing more original reporting. Read More