Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Up until April this year, US banks had a nice little earner. As Freakonomics explained, big banks were able to ...

In law school, you learn about the principal-agent relationship: the rules that govern the responsibilities and liabilities when one party acts on behalf of another. These used to be big issues in the ...

The developments in the call money market in December 2006 have exposed the tenuous nature of the financial markets in a possible environment of liquidity shortages. A considerably unequal ...

It's a sign of our shadowy times that the latest regulatory "reform" bill hasn't been laughed out of Washington. Same goes for the latest bankers' complaint, this time about being asked to cover their ...