Deutsche Bank co-chiefs Jürgen Fitschen and Anshu Jain have pledged to shareholders they will press ahead with changing corporate culture. Re-establishing public trust in Germany’s biggest bank is the new campaign’s aim. In the past,...
Budgets are a complex Prisoner’s Dilemma[1] problem where hidden expectation of the government and the citizen decide whether or not the outcome would be a good equilibrium where everyone gains or a bad equilibrium where...
While the EU agrees that it needs a banking union, sorting out the details is somewhat tricky. Despite slow progress at the Cyprus summit, a common banking supervisory by January 2013 seems increasingly unlikely. In...
