Many people, even in the United States, are not participants in the traditional banking system. Might we be able to learn from efforts in Brazil and Nigeria which target their unbanked? Bethan Cowper reports.
Tarullo calls out big banks while big banks warn such talk damaged market confidence
Federal Reserve Board Governor Daniel Tarullo publicly called out Goldman Sachs and Morgan Stanley for continued participation in commodities. “Don’t do that,” banks say. “It hurts market confidence.” Mark Melin reports.