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Digital Currency Is Going Mainstream

Once seen as edgy and alternative, cryptocurrency now seems like a global inevitability. Initially, banks were unwilling to disrupt themselves with technology that would enable customers to work around them. But now the race is on to embrace the change on their own terms. Duffie Video of Duffie

Craftier Than Cash: How Banks Use Credit Cards to Bribe Bureaucrats

Regulators have a hard time detecting the crime when banks use preferential credit card lines to bribe government bureaucrats. | Illustration by Tricia Seibold and iStock/youngID Bribery doesn’t necessarily involve suitcases of cash, all-expense-paid vacations, or secret gifts of jewelry. For people who don’t want to get caught, subtlety can be more practical. In a …

Stimulus Money Might Stimulate Insider Trading

The study underscores a potential shortcoming of federal bailout programs — that shareholders take advantage of insider knowledge. | Illustration by Cory Hall Many executives may have exploited their inside knowledge of government intervention during the financial crisis of 2008 to extract millions of dollars in stock-trading profits through suspect transactions, a new study shows. …

Why You Should Watch The Biggest Stock Losers

If you want to win on the stock market. You need to make smart trades & investments, and maximize your profits. Often you’ll watch the brokers or traders who do the best during the trading week and try to learn from them. This is definitely a good strategy for learning tips, but remember that the …

Tax Havens Mask Global Risk Exposures

Because of the proliferation of shell companies in tax-friendly countries, most official estimates of overseas investments are grossly inaccurate. | Reuters/Gary Hershorn If you rely on official statistics from the International Monetary Fund and the U.S. Treasury, large developed economies’ investments in Chinese stocks and bonds are small when compared with the economic importance of …

Six Books to Read on Your Summer Staycation

From neurobiology to capitalism reimagined, here are some books to enrich your summer. | iStock/axllll We asked Stanford Graduate School of Business professors to reveal what they’ve been reading this summer. Their responses range from insights into the neurological origins of human behavior to a debunking of the belief that businesses exist only to make …