(Bloomberg View) -- It’s time to ask a scary question: How much of the financial industry will soon be obsolete?
There are many examples of technologies that have been replaced by something newer and better -- film replaced by digital cameras...
(Bloomberg) -- Takahiro Kusakari went from being a self-described bum getting by on bit-part acting roles in Tokyo to calling the shots at a $2.6 billion stock fund...
(Bloomberg) -- CBOE Holdings Inc.’s $3.2 billion deal to acquire Bats Global Markets Inc. is some of the strongest evidence yet of exchange-traded funds’ growing importance on Wall Street...
(Bloomberg) -- It’s Friday, and your paycheck is missing a zero. Even if payroll owns up to it, you could be waiting until Wednesday to get your money. Your power company is threatening a penalty for an overdue balance? Don’t...
(Bloomberg) -- Bank of America Corp.’s Merrill Lynch unit was fined $12.5 million to settle allegations that the broker’s weak controls led to multiple orders being sent to markets, resulting in mini-flash crashes...
(Bloomberg) -- The lonely $250,000 S-Class coupe at Mercedes-Benz of Greenwich says it all. For six months, it’s been sitting in the showroom, shimmering in vain while models priced at only $70,000 fly out the door...
(Bloomberg) -- The world’s largest asset managers have changed their tune after years spent slamming global regulators for trying to treat them like too-big-to-fail banks...
