Capital Raising & Corporate Finance
Swaps Loophole Still Puts US At Risk
Swaps and other derivatives, blamed by some for causing the global financial crisis, have returned in a big but deceptive way.
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Features
Digital Disruption And Creative Destruction
Global Finance rates the top financial innovations of the last 30 years, looking at where we are, where we’ve come from and how we got from there to here
Features
#1 Online Banking
Chosen by readers and experts the #1 financial innovation of the last 30 years: online banking.
Features
#10 Microfinance
Although its successes have been less far-reaching than hoped by some of its proponents, it does provide a response to the challenges to helping the impoverished gain access to financial services to increase their incomes and financial stability.
Features
#2 Mobile Payments
Starbucks generates 27% of its US sales via mobile payments, as consumers opt for contactless coffee. While there were efforts to provide banking through cell phones in the late 90s, the transition, around 2007, from cellphones to smartphones—with their expanded ...
Features
#3 Ecommerce
Ebay leaders Meg Whitman, Bill Cobb, and Rajiv Dutta at an eBay Live event in 2007. Photo by eBay co-founder Pierre Omidyar. Ten years before Jeff Bezos left a New York hedge fund to start selling books over the Internet ...
Features
#4 ETFs
Nathan Most, at the Amex, and Kathy Cuocolo, at State Street, were key players in the creation of SPDRs.
Features
#5 Black-Scholes-Merton And Algorithms
Left to right: Robert Merton, Myron Scholes and Fisher Black Markets are known to be risky, but what if you could design insurance that would protect against losses?
Features
#6 Asset-Backed Securities & Exotic Derivatives
Professor Michael Greenberger testifying, in 2010, at a Congressional inquiry into the causes of the 2008 financial crisis. The 1980s ushered in an era of exotic financial products that were hailed for fostering new ways to manage risk.
Features
#7 Online Trading Platforms
The story of online trading platforms really starts May 1, 1975, when the Securities and Exchange Commission broke the Wall Street cartel and eliminated the practice of fixed brokerage commissions.
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#8 High-Frequency Trading
Most of the frantic pit jobs were displaced by digital technology, which pushed trading to warp speed, well beyond the capacity of humans.
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#9 Blockchain
First developed in 2008 by Satoshi Nakamoto—whose identity remains a mystery—as a public ledger for all bitcoin transactions, blockchain is now outshining the cryptocurrency it underpins as it offers banks and others the benefits of a distributed ledger, i.e., an ...