William Harrison's defense harkens back to the age before 2008, when banks could simply declare their manifest strengths and their Olympian wisdom. Given what we've been through, you've got to try a little harder now.

Are we better or worse off economically, socially and politically with shareholders in that pre-eminent a role? Is there a balance point? Have we, in a world of activist hedge funds and high-frequency trading, overshot that point?

Playing catch-up here. MIT economics professor Andrew Lo has written a paper for the Journal of Economic Literature summarizing, with a few general po...

The popular response to 2008 and what has followed is to focus on the single cause -- subprime, deregulation, globalization, greed, compensation -- and fail to separate out precipitating factors from less satisfying, more complex and ambiguous causes.

Right next door to world headquarters of The Deal LLC looms the impressive wedding cake of the New York Stock Exchange, opened 1903. These days that c...

Today there's sensitivity to the dangers of regulatory arbitrage when regulatory regimes widely vary either nationally or internationally -- although, so far, there are few answers to resolve this beyond gestures toward coordination.

In late 2001 we decided we needed a year-end issue.

Like a drum major, Andrew Ross Sorkin leads his marching band to DealB%k's new page right after Itineraries in today's New York Times. Welcome to dead...

The Bruce we knew was an enthusiast of the media and for journalism. It's been said often enough, but Bruce came up with the idea for a national newspaper to cover deals.