European Central Bank (ECB)

Ahead of Jackson Hole, Central Banks Are Rebuilding Reserves Around Gold

Theo’s Iggy Ioppe examines the reclassification of gold from a hedge against bad times to an increasingly important reserve asset. Unlike a Treasury, gold is nobody’s promise. The problem is that the financial infrastructure needed to make that asset function as modern monetary collateral has not kept pace.

By Iggy Ioppe

How Did Europe Get Left Behind?

If the United Kingdom or France joined the United States, they would become the poorest states in the country, with a GDP per capita lower than even Mississippi.

By Shreyas Sinha

Morgan Stanley and Citigroup Reach Deal; UBS Whitsleblower Got Prison Sentence, $104 Million: Roundup

Morgan Stanley and Citigroup agreed to value Morgan Stanley Smith Barney at $13.5 billion, more than the outside bankers hired

By Patrick Clark

Vikram Pandit Gets Around to Talking Sandy Weill; George Soros Takes Stake in Manchester United: Roundup

By Patrick Clark

Core Investors Unfazed by Global Crisis and Domestic Imprudence

By Sam Chandan

Morning Roundup: Business Grads, This Could Be Your Year!

By Mike Taylor

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